OppenheimerFunds Reviews | Glassdoor

OppenheimerFunds Reviews

Updated February 18, 2019
329 reviews

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3.5
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OppenheimerFunds Chairman, CEO and President Arthur P. Steinmetz
Arthur P. Steinmetz
127 Ratings

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  1. Featured Review

    Helpful (1)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Internal Wholesaler in New York, NY
    Current Employee - Internal Wholesaler in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OppenheimerFunds full-time (More than a year)

    Pros

    OppenheimerFunds is a rare find in the NY financial services industry. I'm challenged to better myself at a healthy pace, paid well and work normal hours. I really love the culture that balances personal development and personal freedom. No micromanaging.

    Cons

    Tough to move up and compensation structure could be better structured to reward high performers


  2. "Great culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very generous bonuses and time off is very accomodating

    Cons

    Pay isn’t as great as I had hoped for

  3. "Great Place to Work, but with Slow/Limited Advancement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Paralegal in New York, NY
    Former Employee - Senior Paralegal in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

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

    Pros

    NY Office: Great remodeled office design. Very generous and well-organized benefits, 401K & donation matching, and company profile were all great, with decent starting salaries. Positive year profit sharing and bonuses were generous. Work-life balance was often touted and mostly maintained, with flexible work arrangements, such as remote work days, encouraged in the later years.

    Cons

    The reporting structure could be convoluted and silo-esque. Career advancement and lateral movement was extremely slow for a company of its size. The salary raises were slower to come by (than the bonuses and profit sharing), often making them fall behind industry standards if you stuck around too long. HR seemed extremely oriented to protect from the top down, instead of bottom-up.

    Advice to Management

    Have lateral movement programs. Review HR itself. Be more transparent with office/department reorganization.


  4. "."

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

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

    Pros

    work / life balance
    comp
    office environment

    Cons

    senior management
    company direction
    growth opportunities


  5. "Transfer Agent"

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

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

    Pros

    Excellent benefits, culture and professional development

    Cons

    Being Acquired by Invesco 2nd quarter 2019

    Advice to Management

    Transparency and Diversity Training


  6. "OppenheimerFunds experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager in New York, NY
    Former Employee - Portfolio Manager in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Many smart people in a variety of asset classes; access to many resources; decent compensation.

    Cons

    Continual management shakeups and changes in direction; multiple CIOs and group heads. Less meritocratic / more political than I expected.

    Advice to Management

    Develop a true investment culture, with less authority given to marketing and distribution.


  7. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at OppenheimerFunds full-time

    Pros

    With the right manager, you can take the latitude to bring your unique talents and abilities to the table and make good things great.

    Cons

    Some of the more tenured associates are hostile to change.

  8. "Leadership ROle"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at OppenheimerFunds full-time

    Pros

    The people are great to work with. You can make an impact if you try

    Cons

    Currently in a sale situation


  9. Helpful (1)

    "All shades of everything here"

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

    I have been working at OppenheimerFunds full-time (More than a year)

    Pros

    No pressure. Whatsoever.
    Bonus and other benefits pretty good.
    HR trying to be progressive re policies.

    Cons

    Senior managers do not manage, just coast.
    Some SLT members think only their direct reports have any value to offer.
    Complete lack of transparency on some issues.
    Meetings for meetings where verbal dihorrea ensues. What a waste of time.

    Advice to Management

    Let's make sure this acquisition goes through.


  10. "Great Firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President Sales in Denver, CO
    Current Employee - Vice President Sales in Denver, CO
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Flexible working arrangements, competitive compensation, cooperative culture, talent is rewarded.

    Cons

    Lacking scale and a winning direction in a highly competitive marketplace.

    Advice to Management

    Work harder to motivate and inspire employees to win in the market.