MFS Reviews | Glassdoor

MFS Reviews

Updated September 17, 2018
200 reviews

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3.7
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MFS President, CEO, and Chief Investment Officer Rob Manning
Rob Manning
114 Ratings

200 Employee Reviews

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Pros
Cons
  • "Few Opportunities for advancement" (in 6 reviews)

  • "Difficult to move up the corporate ladder" (in 5 reviews)

More Pros and Cons

  1. "Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Boston, MA
    Former Employee - Intern in Boston, MA

    I worked at MFS (Less than a year)

    Pros

    Coop opportunities for university students

    Cons

    Working on old legacy systems


  2. "Perfect Working Environment To Work"

    StarStarStarStarStar
    Former Employee - MFS in Boston, MA
    Former Employee - MFS in Boston, MA

    I worked at MFS full-time (More than a year)

    Pros

    Well managed Organisation Along with Professional Career Improvement

    Cons

    A lot of Pressur At Pick Time.

  3. "Solid company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing in Boston, MA
    Former Employee - Marketing in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MFS full-time (More than 5 years)

    Pros

    • Great benefits and good work/life balance
    • Can easily get comfortable

    Cons

    • Cognitive diversity is not a substitute for cultural diversity
    • Can easily get comfortable
    • Lack of innovation with old-timers
    • Limited career growth

    Advice to Management

    True cognitive diversity can only exist if there is real cultural diversity which is something the company should genuinely build into the recruitment and hiring process


  4. Helpful (1)

    "Assistant/Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA

    I have been working at MFS full-time (More than 3 years)

    Pros

    Nice people. Top management is awesome. Will be sad when Manning leaves. I also think that the majority of workers in the middle are very nice but I see a lot of resentment toward management.

    Cons

    Senior Vice Presidents can be jerks. The amount of white men at the top is actually shameful and there is not much diversity. Extremely sexist with a dominant male leadership that will NEVER admit how they promote men so much faster. I will not stay at a company this old fashioned.

    Advice to Management

    Only a few are approachable. Some are so rude including my manager that it's driving me out. My boss barely thanks me and never tells me anything that is going on. I am a confidential/loyal and trustworthy person to be treated like I can't be trusted after 4 years is not the answer.


  5. "Account Management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MFS full-time (More than 10 years)

    Pros

    Great culture of collaboration. Decent pay and excellent mobility.

    Cons

    Can be a little slow to adapt to new technology.


  6. "Assistant/Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at MFS full-time (More than a year)

    Pros

    The benefits are good at this firm.

    Cons

    So many to mention. The dynamic between Investment Professionals and the administrative staff is embarrassing. ZERO communication from many IPs to their support admins. Administration is poorly run, and feedback is constantly ignored. Raises do not seem to be merit based at all. Qualified, and professional admins are leaving because of this. With not so much as a thank you or goodbye from a manager or IPs on transitioning duties upon leaving the firm. The role is presented in a much different light on interview then the reality of working there.

    Advice to Management

    Hire people who don't have experience in a professionally run firm or administrative role.


  7. "Asset Controller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at MFS full-time

    Pros

    People, hours, culture of the company, money for classes/school

    Cons

    No opportunity for advancement, stuck in a role

  8. "Fantastic Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MFS full-time

    Pros

    All around good things with this company.

    Cons

    Not at this current time


  9. Helpful (2)

    "Assistant Director"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at MFS full-time (More than a year)

    Pros

    MFS provides a wonderful stepping into the professional world platform!

    Not for nothing as a young professional they are an extremely great learning experience. Some of the managers you come across are spectacular, as well as some of the Portfolio Managers, and Analyst's. There are potential mentor-ship possibilities here as well as long standing professional relationships.

    MFS can be an excellent stepping stone for your career.

    Cons

    Administration is not run well. MFS is going through a very interesting transition process that has led to a tremendous amount of changes/turnover. Including a full overhaul of the administration management. Actions like these have led to the weird unfortunate periods of politics in the workplace aka "the power struggle".

    The transition does not stop there, the CEO has officially stepped down.

    Multiple Portfolio Managers have decided to leave as well.

    Research Analyst's have also begun leaving at an alarming rate, however that may be due to the very small possibility of growth. A very common and spoken about theme among those who would love to grow.

    Diversity is less than good, not much progress made on this front.

    Culture has changed dramatically, not exactly sure why, however this may be due to all of the transitioning.

    Great company in the past, cannot say that about the present or future.

    Advice to Management

    Allow more growth opportunities.

    Produce real diversity in the workplace, i. e. minority women in executive roles, more women in finance, minorities in general in management positions.

    Be honest about what is happening


  10. Helpful (1)

    "Changing Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Boston, MA
    Current Employee - Anonymous Employee in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at MFS full-time (More than 10 years)

    Pros

    Great benefits and potential for big bonuses.

    Cons

    Culture has changed for the worse since multiple executives retired

    Advice to Management

    listen to your employees. do not make unilateral decisions. hire people with financial services experience to senior levels.


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