Neuberger Berman Reviews | Glassdoor

Neuberger Berman Reviews

Updated August 16, 2017
165 reviews

Filter

Filter

Full-timePart-time

3.3
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Neuberger Berman Chairman and CEO George H. Walker
George H. Walker
87 Ratings

165 Employee Reviews

Sort: PopularRatingDate

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

  • Terrible work/life balance (I put 15 hrs per day on average, and often had to come in on weekdays) (in 4 reviews)

More Pros and Cons

  1. Helpful (1)

    "Horrible"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Dallas, TX
    Former Employee - Executive Assistant in Dallas, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great health insurance, free parking or DART

    Cons

    No HR in Dallas, this place is in SERIOUS need of a work audit! Several people are paid full salaries for showing up to work late, leaving early, taking long lunches, and sitting in the worthless office manager's office gossiping all day.

    Advice to Management

    Do a work audit, check competency of employees (someone that can not tell you what the company does, has no basic microsoft office skills, is unable to scan a document should not be an "office manager")


  2. Helpful (1)

    "Terrifying Management culture in Neuberger Operation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operation Analyst in New York, NY
    Former Employee - Operation Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    If you like a 9am to 5pm flexible job that does not challenges your analytical view, this is the place for you. However, the terrible management culture makes these benefits worthless.

    Cons

    Abusive management with no proffessional training are making their own work rules. Human ressource is too weak to supervise them. Stay away from the Operation department.
    There are no career mobility at this firm, age group is from 29 to 55. The cover up is projects that are not aligned with its business goals. Management can't retain any talented employees and reward inneficiencies to keep their positions safe and empower employees.

    Advice to Management

    -Keep your projects aligned with your business goals
    -It's the 21st century, train your management team. A culture changeleads by examples not just beautiful words in writing.
    -Treat employees better at workplace and provide competitive salaries not just ice cream and cookies.

  3. Helpful (4)

    "Either become a revenue generator or disappear - Firm is for those who can generate revenue, cost centers don't matter"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Legal and Compliance in New York, NY
    Former Employee - Legal and Compliance in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Work here if you are a revenue generator and have a book of business you can bring to increase firm's AUM either as a sales person or Portfolio manager. You eat your own cooking. Each team is paid based on their individual team level AUM. If you can bring in money, then you will feel like you own the place.

    Cons

    If you are a cost center in Operations, HR, IT, Risk, or administration, then you are considered second class citizens. It is as if you hold non voting shares in a company. You don't matter, you are compelled to leave the firm and you are told to keep you opinions to yourself. As a cost center, you are just a number, you really have no identity. Please do not take cost center jobs, you will regret taking the job because you are just a menial worker. You will lose your self confidence and will lose motivation to engage with your work due to the environment in the firm.

    Advice to Management

    I think it would be better if Management told the truth to NB services employees. Management should not continue to deceive cost center / Support employees. People who work in support roles may not generate any revenues but they are still US Citizens. Please treat them with some respect and tell them the truth that they are menial workers since eventually they will find it out.


  4. Helpful (3)

    "Used to be good, not anymore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Good colleagues and culture. Nice location.

    Cons

    low salary, long hours, difficult to have career growth in some groups.

    Advice to Management

    Many employees left. Something to think about.


  5. Helpful (7)

    "IT and Ops is dreadful"

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

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

    Pros

    Small firm with good work life balance. If you are not ambitious and want to spend time with the kids, there's plenty of opportunities for work from home and minimal hours.

    Cons

    With the hiring of a new individual to run IT and Ops, it has been a tailspin in the downward trajectory. The new management hired to lead the departments keep thinking it's a 20,000 to 200,000 employee firm, not the 2,000 employee firm it is. There is a constant game of how to save money by waist. Most projects are not thought out prior to implementation and cost the company additional millions, as the integration take 4X longer and the final product does not meet even the least expectations.
    It's more about the "process" then productivity.
    No growth opportunities within the firm. Stay for a few years and learn, then run somewhere else.

    Advice to Management

    Take a closer look at IT and Ops and how much more they cost now vs 3 years ago. There will not be any savings that were promised, the costs will keep spiraling upwards. The management should realize that the individual hired to run IT and Ops was.removed from his previous position because he failed to accomplish what he promised. NB is in the same situation.


  6. Helpful (3)

    "Do not join!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good 401k benefits, nice colleagues,team building events

    Cons

    Low pay, long hours, If you are on h1b do not join as they will make you stay there until your h1b expires and willl not file perm. Lot of folks from IT department have already left.

    Advice to Management

    This is no longer good old NB.


  7. Helpful (14)

    "FRA/FA"

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

    I worked at Neuberger Berman full-time

    Pros

    They provide free sodas in the break room refridgerator. Every once in a while they have diet drinks available and sometimes they are even cold.

    Cons

    -Manager is angry, lies compulsively, does not even say hello when walking past her employees, and looks like a character from "My 600 lb Life."

    -Work required on the weekends, even when there are no deadlines.

    -Promotions based solely on if management likes you personally.

    -Hard work never acknowledged

    -Environment is cold and sterile, like a sweatshop

    Advice to Management

    Go to anger management, take a grammar and writing workshop, buy some professional clothes, get a gym membership, or better yet just go work at Kmart.

  8. Helpful (10)

    "Past Employee"

    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
    Disapproves of CEO

    Pros

    Many wonderful people. Has an incredible history and it was a true honor to represent those that actually built it. Good 401k plan.

    Cons

    Culture they talk of is a myth; leadership is lacking; pedigree has little to do with results; awful performance across broad group of managers.

    Advice to Management

    Reality Check; sell the company


  9. 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.


  10. Helpful (4)

    "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.


Showing 165 of 186 reviews
Reset Filters