Neuberger Berman Reviews | Glassdoor

Neuberger Berman Reviews

Updated November 22, 2017
20 reviews

Filter

Filter


1.0
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Neuberger Berman Chairman and CEO George H. Walker
George H. Walker
12 Ratings

20 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • No growth opportunities within the firm (in 5 reviews)

  • IT Senior Management needs to go (in 6 reviews)

More Pros and Cons

  1. "Worked 8 years in IT Chicago department, but after 2014 this turned into a mess."

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

    I worked at Neuberger Berman full-time (More than 8 years)

    Pros

    401k was good (15%) , Bonus was great.
    Active and HY portfolio management teams in Chicago office were really good.

    Cons

    Deceptive, Unethical, Poorly Managed, No Sense of Direction
    Ask folks to get MBA and they don't pay them back
    Working Here is Psychological Torture
    Work here if you want

    Advice to Management

    Too much politics is there to keep talent in the company.

    Worst management team


  2. Helpful (3)

    "Not Worth It"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Hedge Fund Analyst in New York, NY
    Former Employee - Senior Hedge Fund Analyst in New York, NY
    Doesn't Recommend
    No opinion of CEO

    I worked at Neuberger Berman full-time (More than 3 years)

    Pros

    Initially good pay, but total compensation remains relatively flat

    Cons

    No opportunity for growth
    Managers are out for themselves
    Too cheap to invest in proper resources

    Advice to Management

    Promote from within

  3. Helpful (8)

    "Unethical and terrible culture within support depts"

    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
    No opinion of CEO

    I worked at Neuberger Berman full-time (Less than a year)

    Pros

    - extra 15% of your base as 401k contribution, immediately vested.
    - decent community service programs.
    - people on the business side are very intelligent and competent.

    Cons

    - very unethical practices and behaviors
    - terrible managers promoted internally, lack of management training or tools to help new managers succeed
    - "boys club" culture within certain departments
    - people are not nearly in the same caliber as the bulge bracket shops.
    - political

    Advice to Management

    - please hire better, professional managers. good workers do not equate good managers.


  4. Helpful (8)

    "Extermination Season"

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

    Pros

    Able to stay busy by complaining all day that nothing works with senior folks.

    Able to steer out long timers and bring on friends and family.

    Able to sucker the remaining senior people who are past their expiration date to think they have a future here.

    Able to coax younger people to think they have a future and need help me undermine the long timers so I can pocket the difference when I get rid of them.

    Cons

    None for me. Me and my insiders answer to nobody. We are here until we clean out the remaining equity.

    Advice to Management

    Keep this going.


  5. Helpful (8)

    "IT"

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

    Pros

    None. There is nothing good about Neuberger Berman. It is a horrible place to work. The management from the CEO down is absolutely horrendous.

    Cons

    I don't even know where to begin with the cons of a company like Neuberger Berman. As one Managing Director once bragged, "we don't get rid of people, we just torture them until they quit." That same Managing Director also made negative comments about the women who reported to him and based all of his critiques on their physical attributes. If you want to work for the Deltas from Animal House, then you have found the company you are looking for. I only wish there was a way to leave negative stars. One star is far too generous.


  6. Helpful (5)

    "Things not looking promising"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Wholesaler
    Former Employee - Internal Wholesaler
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    laidback hours/work life balance
    401k benefits

    Cons

    lack of technology
    lack of management holding anyone accountable
    manager plays favorites
    HR has no clue about anything (yet somehow was a SVP)
    Very dishonest and unmotivated people
    Hard to respect management when they do something they tell you not to do
    Was promised a lot of training and development, maybe 2 days total
    Company has lost a to of outflows with no plan for future
    Future does look too promising
    Alts push has fell flat on its face

    Advice to Management

    Get the deadweight out


  7. Helpful (6)

    "Mutual Fund Accountant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mutual Fund Accountant in New York, NY
    Former Employee - Mutual Fund Accountant in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Pay was okay. Good health benefits. 15 day vacations until you hit 5 years. 401K is great.

    Cons

    The Mutual Fund Accounting department sucks and everyone within it wants out, except the managers/exec. The managers and executives in the FA dept keep getting promoted to roles that don't exist and are made up, while the base accountant and seniors don't move. The FA department is experiencing layoffs, due to the butt backwardness of management.

    The firm overall is very clique and pretentious. Was once a great company before Lehman bought them, then the firm fell down the crapper.

    I hope this review helps to save yourself from torture in the workplace and waking up wanting to quit everyday.

    Advice to Management

    Go get a real job, one where you actually do something and not make employees under you do it by passing it on and micro managing.

  8. Helpful (16)

    "One of the most unethical places"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Administrator in New York, NY
    Current Employee - Portfolio Administrator in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Neuberger Berman full-time

    Pros

    Alright benefits basic to the industry overall.

    Cons

    Good luck working here. It all
    Depends who you end up working for. This company bends all the rules for their managing directors. They love by dozen different sets of rules depending of who is asking for. I worked for a managing director that broke more than 100 code of Ethics and compliance and he never got reprimanded. He treats his staff like garbage and your only option is to
    Leave the firm because they do nothing about it. Nothing you discuss with hr is confidential either. They go tell your manager and he can do whatever he wants with you. No idea how they are not sued all the time.

    Advice to Management

    If you're going to have rules in place, enforce them across the board. In NY the place is a joke. MD's get away with murder treating their staff like garbage and your HR does nothing but snitch.


  9. Helpful (5)

    "Worst company to work"

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

    I worked at Neuberger Berman full-time

    Pros

    No positive point here. I worked here 6 years in IT Chicago office.

    Cons

    Worst company to work for as a IT guy. Blood sucking company and long working hours. Bring your buddy to work culture in Chicago IT office. They will force you to give them 5 stars in employer reviews.

    Advice to Management

    Outsource IT to India /NY office . You don't need Fixed income IT team. Shut it down asap.


  10. Helpful (6)

    "Not a good company to work for."

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

    I worked at Neuberger Berman full-time (More than 8 years)

    Pros

    1. Good 401k
    2. I worked there 8 years in Chicago office. Small firm ,can talk to people in power.
    3. Join business side, No IT or ops.
    4. Business is doing good for them and Chicago business side managers are very talented,

    Cons

    1.Last 2 years IT lost most of their folks. There is huge politics going on. The IT management in chicago are hiring folks who are their friends and will close eyes if things are not ethical. I worked in Chicago office for 8 years , I was getting the impression that they are not good people.

    2. If you have another offer just go with it, they only want people to work from 25 to 35 years old and if you look good then you can survive else they will make you leave.

    3. I was forced to give good review to folks in the interview because they were My managers friends even when they did not have BS degree required for the Job. He hired 4 of his friends and I interview 2 of them. Later he did not ask me to do so, as i was not asking them any questions. I was forced by MD to give five star rating to my manager. I felt really bad about it. In short not ethical place.
    Don't waste your time dealing with this kind of firm

    Advice to Management

    1. Lean IT - is still a concept.
    2. Fix a problem and not create one.
    3. Changes are good but which moves you forward.


Showing 20 of 200 reviews
Reset Filters