OppenheimerFunds Reviews | Glassdoor

OppenheimerFunds Reviews

Updated November 22, 2017
278 reviews

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3.3
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OppenheimerFunds Chairman, CEO and President Arthur P. Steinmetz
Arthur P. Steinmetz
103 Ratings

278 Employee Reviews

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Pros
Cons
  • The business is cutting costs and trying to stay relevant and competitive at the sake of employees work/life balance or even worse, their jobs (in 11 reviews)

  • Too many layers of middle management went unchecked by senior management (in 10 reviews)

More Pros and Cons

  1. "A good company to work for"

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

    I have been working at OppenheimerFunds full-time

    Pros

    Benefits, work life balance and CEO

    Cons

    Career growth, the old guard in middle management

    Advice to Management

    Need to get rid of toxic individuals/groups who are resisting change, playing politics, promoting their "friends" thus sabotaging the company's goals and chasing talented folks away. Those with a track record of failures should not keep getting promoted.


  2. "Great Company"

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

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

    Pros

    Good benefits and work life balance.

    Cons

    Management can over manage at times, and not have a clue about technology.

    Advice to Management

    Trust in people that have a real technology background.

  3. "Assistant Vice President, DCIO Marketing"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at OppenheimerFunds full-time

    Pros

    Great work/life balance. Friendly atmosphere.

    Cons

    Little opportunity for upward mobility.


  4. "Amazing company"

    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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at OppenheimerFunds full-time

    Pros

    Lot of talented folks
    its exciting and i always look forward to go in on a Monday
    an environment which will instill positive energy
     leadership is nice ,wise and open

    Cons

    certain teams have very good senior leadership , but the lower level operational mgmt needs to understand ,adapt & change

    Advice to Management

    certain teams could benefit from renewal


  5. "operations supervisor"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Great Retirement Plan and health benefits

    Cons

    Poor Management, protects each other and not employees. No advancement opportunities unless you are part of the club.

    Advice to Management

    Recognize who truly does the work, not the people who just use the corporate speak. Stop protecting each other-cut the number of AVP/VP's


  6. "Counter-party Risk Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Risk Analyst in New York, NY
    Current Employee - Credit Risk Analyst in New York, NY

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

    Pros

    Good work-life balance, nice kitchen

    Cons

    Lower pay, unguided in projects at times


  7. "Greta"

    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 OppenheimerFunds full-time

    Pros

    Great people working at the company

    Cons

    Tough environment to work in

    Advice to Management

    Keep it up to the managers

  8. Helpful (2)

    "Do not work here!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Centennial, CO
    Former Employee - Senior Software Engineer in Centennial, CO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Decent benefits and health insurance.

    Cons

    Web development is a mess!

    New York makes all the decisions. Denver is just supposed to do as they're told. This is a huge problem. The vast majority of people in New York have no clue about software or usability. They literally have maybe never worked on a single digital project before, but because they are in New York, they override all thought from developers in Denver that actually have built successful software projects in the past.

    Because New York doesn't properly involve stake-holders from development, and then they choose dates arbitrarily, they set up their projects for failure. This plus outsourcing to junior developers from India is a sure fire recipe for disaster. It's exactly the playbook you'd expect from people who have no clue what they're doing.

    Last con: It's offensive how much money OppenheimerFunds spends to support black tie events in New York, museums, etc. There are probably 10x the number of employees in Centennial vs New York, but OppenheimerFunds supports NOTHING in Colorado. Very stingy. When I worked at OppenheimerFunds in Centennial, they didn't even throw a holiday party.

    Advice to Management

    Sell the company. The days for overpriced funds like OppenheimerFunds (with up front sales charges and over 1% annual management fees) are over. Vanguard will continue to eat your lunch for you. All you can hope is the septuagenarians currently invested in your funds live a long time


  9. "Manager"

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

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

    Pros

    Great people, interesting work, great work life balance, lots of employee initiatives.

    Cons

    There is a limited remote work, although working late is extremely rare


  10. Helpful (6)

    ""Poor leadership""

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

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

    Pros

    - Good pay for some employees

    Cons

    - continuous layoff. They give you bad reviews and forced you out, to avoid giving out packages.
    - outsource most IT work
    - treat employee poorly


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