National Equity Fund Inc. Reviews | Glassdoor

National Equity Fund Inc. Reviews

Updated September 25, 2017
17 reviews

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2.7
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Joseph S Hagan
9 Ratings

17 Employee Reviews

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  1. "NEF"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    No opinion of CEO

    I worked at National Equity Fund Inc. full-time (More than 3 years)

    Pros

    Great benefits, vacation, holiday, sick day packages.

    Cons

    Definitely the "old person" club. Difficult if not impossible to break into the club and have a lasting career. It is not what you know but who you know that keeps you employed at the company. Only those with SVP or higher title really matter.

    Advice to Management

    Learn to value all your employees, not just those at the top.


  2. Helpful (1)

    "Cult culture - Stay away"

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

    I worked at National Equity Fund Inc. full-time (Less than a year)

    Pros

    Great benefit package: 401k, vacation, pto, etc. Office location is very convenient. Business travel for some.

    Cons

    Hard to advance in career. Unless you’re a SVP, you will be under appreciated. Very cliquey as stated before. Managers are allowed to perform how ever they want without repercussion. Favoritism is rampant in this company. Gossiping is a prerequisite. Certainly an old folks culture. Compensation is low when compared to competitors.

    Advice to Management

    Reevaluate the SVPs. Get rid of the cliques. Increase compensation. Show appreciation to the “peons” in the company. Promote based on performance and not on favoritism.

  3. "End of the line emplyoment"

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

    I worked at National Equity Fund Inc. full-time

    Pros

    401k, Salary match on DC, vacation time, work from home

    Cons

    Salary, constraints of organization, jaded colleagues, slow moving


  4. "Amazing Company"

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

    I have been working at National Equity Fund Inc. full-time (More than 5 years)

    Pros

    Great work environment. The best benefit package. Lots of vacation time. Competitive compensation. Office location is very convenient.

    Cons

    Very cliquey. Although multiple departments are located in a small vicinity, they rarely communicate to each other.

    Advice to Management

    Have more company wide team building activities.


  5. "Asset Analyst"

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

    I worked at National Equity Fund Inc. full-time (More than 5 years)

    Pros

    Great vacation benefits. Excellent office space. Office Morale is generally upbeat and motivating.

    Cons

    Some of the management was given based on favortism not merit. Further, the "favorite" managers were allowed to act however they wanted. No consequences.

    Advice to Management

    Make sure the people that are promoted deserve the promotion through merit as well as seniority.


  6. "NEF"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at National Equity Fund Inc. full-time (More than 3 years)

    Pros

    As a Not-For-Profit the benefits were excellent. Health, vacation, sick/personal time and holidays off, but not financial compensation. Culture definitely inspired work-life balance. Several team building activities and events.

    Cons

    This is definitely a top heavy environment. Several SVPs who have been there forever or who were recruited through personal relationships. Very little chance for personal growth or advancement unless you were on the "right" team.. Very clickish, even among the Senior Management. Open office plan was suppose to demonstrate the accessibility of management, it did not. It was also suppose to demonstrate that everyone was "equal" in the operations of the company, again it did not. The not-for-profit status of the company was used as a way out for not compensating their employees vs. other firms that perform the same function, unless you were part of senior management.


  7. "Cult of personality"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager
    Former Employee - Manager
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at National Equity Fund Inc. full-time (More than 5 years)

    Pros

    Decent benefits including many vacation days and paid holidays. The average employee believes in the cause of affordable housing..

    Cons

    Small inner circle runs company and dictates to employees . Everyone else is a Peon. Upper management is paid very well while everyone else is poorly compensated. Employee input is neither solicited nor valued. Very little promotion from within which creates low employee morale. A plethora of incompetency at the upper management level.

    Advice to Management

    Start respecting employees opinions. Compensate those employees not in the inner circle more fairly. More promotion from within, would serve to improve employee morale

  8. "asset analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Asset Management in Chicago, IL
    Former Employee - Asset Management in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at National Equity Fund Inc. full-time (More than 5 years)

    Pros

    the benefits are very good, some of the co workers are good team leaders and players.

    Cons

    too top heavy, too many chiefs and not enough workers, the workers are not promoted to higher position within the company. Meaning no majorities are promoted to VP positions.


  9. "The Haves and the Have-Nots"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at National Equity Fund Inc. full-time (More than 3 years)

    Pros

    Lots of autonomy, great hours (9 to 5), manageable workload, great benefits including 401k match, 4 weeks vacation, travel (for some), great downtown Chicago location.

    Cons

    The salaries for those not in the inner circle are below what similar positions elsewhere pay. The company justifies this by pointing out the fact that they are "non-profit". The only ones who are non-profit are those who are not in the innner circle. Upper management are paid like for-profit investment bankers. Check Guidestar.com for upper management salaries.

    Advice to Management

    Level the income disparity! Employees will inevitably become disgruntled when upper management salaries are discovered and the inequity becomes apparent.


  10. "Very, Very Political Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at National Equity Fund Inc. full-time (More than 8 years)

    Pros

    Good vacation and sick benefits. The 401K is competitive.

    Cons

    Knowledge and work ethic are not recognized. One must become part of the inner circle to survive. Professional and competent people who may present their expertise verbally or in writing likely will be criticized. Sr Management consistently targets the outsiders so one is dammed if you do and dammed if you don't.

    Advice to Management

    Change to corporate definition of a team player from a yes person. Recognize each departments contributions equally. Too top heavy with officer titles and compensation, especially for the number of reporting employees. Many Sr VPs have one to three direct reports. VPs have no direct reports or two to four. Titles should not generate exceptional compensation for with very limited overall corporate accountabilities/contributions.


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