OppenheimerFunds Reviews | Glassdoor

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OppenheimerFunds Reviews

Updated February 16, 2018
286 reviews

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3.4
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Approve of CEO
OppenheimerFunds Chairman, CEO and President Arthur P. Steinmetz
Arthur P. Steinmetz
105 Ratings

286 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. "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


  2. Helpful (4)

    "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.

  3. Helpful (9)

    "Hierarchical and no chance of growth"

    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

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

    Pros

    Decent health benefits; competitive pay with profit sharing

    Cons

    Growth potential is nil. If you are ambitious, intelligent, and a change-maker, the place will quickly rob you of any desire to problem solve or innovate. The culture is deeply hierarchal and siloed, with "lifers" holding back progress and an open office plan reinforcing old school corporate classism. Dedication to diversity/inclusion is paid little more than lip service.

    Advice to Management

    Stop buying up smaller boutique shops and focus on the flagship funds, IT infrastructure, and employee engagement. No raises this year is particularly demoralizing to those who worked in understaffed departments and "took one for the team."


  4. "Human Resources Department"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at OppenheimerFunds full-time

    Pros

    great leadership, very well-organized departments, seem to really care about employees

    Cons

    no cons from me


  5. "Sales/Distribution"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at OppenheimerFunds full-time

    Pros

    Some great people. Strong brand.

    Cons

    Upward mobility can be very tricky.


  6. Helpful (2)

    "Customer Service Representative"

    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

    Profit Sharing, Bonuses, Insurance, and Education Reimbursement

    Cons

    Unless you are selectively chosen as a Golden Child you are pigeon holed and stuck in your position and only offered lateral moves.

    Advice to Management

    Be open to criticism from lower levels and change proactively. Ignoring front line feedback holds the company back and facades for change only creates animosity and resentment.


  7. "Operations Specialist"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at OppenheimerFunds full-time (More than 10 years)

    Pros

    Flexible, Insurance, Vacation time and Health

    Cons

    Unrealistic, Distant to employees, and hard to climb the ladder

  8. "Great company culture- wonderful work-life balance."

    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

    I have been working at OppenheimerFunds full-time

    Pros

    Friendly and collaborative work environment
    Work-life balance- many people come at 8:30/9am and leave at 5pm
    Opportunities for growth
    Mobility within company

    Cons

    Entry-level salary should be higher


  9. "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.


  10. Helpful (2)

    "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


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