OppenheimerFunds Reviews | Glassdoor

OppenheimerFunds Reviews

Updated May 30, 2018
294 reviews

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

294 Employee Reviews

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Pros
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More Pros and Cons

  1. Featured Review

    "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 company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    great company to work for

    Cons

    i don't have any at this time

  3. Helpful (2)

    "Organized chaos."

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

    I have been working at OppenheimerFunds full-time (More than 5 years)

    Pros

    Lots of opportunity to work with really great dedicated people on firm wide initiatives. Lots of training available. Unlimited vacation.

    Cons

    Leadership isn’t transparent and most problems are in the middle management layer. A lot of politics and back stabbing at this layer that causes issues for those trying to get the work done.

    Advice to Management

    Have transparent conversations. Ask for 360 review of the managers. When there are personnel issues be out front with it as much as possible. Do not hide the issues - it makes it where people are looking to walk out the door. And quickly.


  4. Helpful (1)

    "Decent place not living up to its potential"

    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
    No opinion of CEO

    I worked at OppenheimerFunds full-time

    Pros

    Place offers very good work/life balance

    Cons

    Decisions take a long time to be made


  5. Helpful (4)

    "Technology"

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

    I worked at OppenheimerFunds full-time

    Pros

    Open office space, free snacks, volunteer opportunities

    Cons

    Favoritism at its height. If your not a favorite quit as you will never be promoted. If you are a favorite stay as you will be promoted every year. Too many layers of management and most of the managers only manage up. Lots of layoffs. There have been multiple cases where they give you bad reviews and then layoff. HR tries to present the company as multicultural but in reality it’s dominated by white men. They ask employees to review the company on social forums to try and increase their ratings. Senior management does not think of ‘Company first’; there are too many political battles being fought. Opportunity for growth is scarce. Technology is outdated.

    Advice to Management

    Review senior management roles and allow them to move between departments easily. Value people managers. Instead of promoting the company as multicultural actually interview and hire women and multicultural employees to management positions.


  6. Helpful (3)

    "AVP"

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

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

    Pros

    Easy work, decent location, matching 401k, most people are easy to get along with. They are getting wise to in women tech movement.

    Cons

    Lots of recent turnover, major losses in PR Investments, indecision from top to bottom, complacency running rampant, Company looks to cut men near 50. You might wonder why the corp logo is 4 white hands? Hmmmm

    Advice to Management

    My advise to Mass Mutual the parent company is sell it off.


  7. Helpful (4)

    "There is no direction! Salary freezes, no mobility and company having identity crisis"

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

    I have been working at OppenheimerFunds full-time (More than 5 years)

    Pros

    Hours are easy, unlimited days off, you can just do the bare minimum and stay for years. They’re working to become more millennial friendly and if you’re young it’s a good launching pad for next step. They are investing in technology.

    Cons

    Salary freeze, very political, not female friendly despite the appearance of benefits. There is a lot of overlap and duplication of efforts yet no communication between departments. Product does what they want and launches a million things at once without looking at infrastructure

    Advice to Management

    Be more present- look under the covers and get rid of the inefficient political BS here. And pick a strategy!!

  8. "great company big banks needs to learn from"

    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 (More than a year)

    Pros

    great team..great place..low stress ..high performance..high energy..great dynamics

    Cons

    legacy teams needs to change the mindset..

    Advice to Management

    great to see the focus on an agile positive energy culture


  9. Helpful (1)

    "Sales"

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

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

    Pros

    Good pay, fun environment, some flexibility, enjoyed benefits

    Cons

    Weird Office Politics, can be petty at times

    Advice to Management

    Take it easy


  10. Helpful (5)

    "Undervalued"

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

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

    Pros

    401k, time off program, volunteer opportunities, team members

    Cons

    Too many AVPs/VPs, lack of business and industry knowledge by team supervisors, favoritism, micromanagement, low morale in frontline employees (customer service and processing ).

    Advice to Management

    Realizing frontline employees are more than numbers on a report. Management needs to also recognize how hard each “low level” employee works to do their jobs instead of focusing on what they could do better. Most importantly, know your audience when sending out memos or any other communication regarding company updates.


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