OppenheimerFunds Employee Reviews | Glassdoor

OppenheimerFunds Reviews

Updated March 9, 2017
229 reviews

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229 Employee Reviews

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Pros
  • An organization that truly values employees and work life balance (in 66 reviews)

  • great benefits, option to work from home (in 23 reviews)

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 10 reviews)

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

More Pros and Cons

  1. Helpful (2)

    "Needs work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Operations in Denver, CO
    Current Employee - Operations in Denver, CO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Great experience for first job in asset management. Learned a lot about the industry and really nice people. There are people here that have the passion and experience to take this company to the next level.

    Cons

    Zero opportunity for people with ambitions. Actual advice from HR was to go to an other company for experience to move to the investment side. The company is like a ship getting pushed in circles in the current. There is no defined direction of where the company is going, which is evident with the new products they are launching. The only thing that seems to work over the last 5 years was acquiring products that were established. This was a great company when I start, but that feeling has eroded over the years.

    Advice to Management

    Figure out what you want the company to be. The goal is to expand and establish the company in the asset management space but you don't have enough resources. Most groups are extremely over worked. There are so many single points of failure that people work during their vacations. From this, my advise would be hire more people and figure out how to keep the talent. The talented people are leaving and you probably don't even know it.


  2. "Great work life balance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Associate in New York, NY
    Former Employee - Marketing Associate in New York, NY
    Recommends
    Positive Outlook

    I worked at OppenheimerFunds (Less than a year)

    Pros

    Oppenheimer has a good reputation in the asset management business and continues to work to build out the business. Definitely a strong sense of commitment to work life balance and fostering employee growth.

    Cons

    Departments can be overly silo'd which gives the feeling of not being part of the bigger picture

    Advice to Management

    Greater connectivity across all departments to feel as if all are working to achieve the organization's end goals.


  3. Helpful (1)

    "Don't Bother"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at OppenheimerFunds full-time

    Pros

    Some great people, work-life balance, very good benefits.

    Cons

    Peaked in 2007 and haven't been able to get back to that level. Continually changing stripes to try and get there. Lots of turnover. And speaking of turnover, don't disagree with senior management on the distribution side or you're gone the next day. Not a fit for anyone with opinions. On the other hand, great fit for the 'yes' man or woman.

    Advice to Management

    Pick a horse and ride it as opposed to throwing darts at what you think might be the next big thing.


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  5. Helpful (2)

    "Operations Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Denver, CO
    Current Employee - Manager in Denver, CO
    Neutral Outlook
    No opinion of CEO

    I have been working at OppenheimerFunds full-time (More than 8 years)

    Pros

    Benefits and people are awesome

    Cons

    Upper management has long memories & it is hard to overcome past perceptions. Pay is low, limited growth opportunties


  6. Helpful (4)

    "Ok company"

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

    I have been working at OppenheimerFunds full-time

    Pros

    Above average medical plan, excellent work life balance (9-5) for most departments, flexibility to WFH

    Cons

    No growth unless you are managements favorite (aka you need to suck up to survive) and they give you important projects so you can get promoted. Everyone else gets screwed.

    Advice to Management

    Why is there so many layers in Operations? You have 60% of the dept managing 1-2 people. What is up with all these micro-management? This is an excellent example of making employees feel inferior.


  7. Helpful (4)

    "Here and there"

    Star Star Star Star Star
    • 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

    Some benefits. Medical insurance is still the best I have seen. Maternity leave? 8 weeks paid... Morgan Stanley get 26 weeks paid. So still a guy's world... Wonder when they will get it right?

    Cons

    Work life balance? Hmm - never heard of them in my team, maybe in other teams. I hear Art reads the reviews often - Mr CEO - can you guess what team does not get ANY work life balance? Maybe you should ask HR - they know.

    Advice to Management

    It's not Sales or Marketing reorg that you need - it's product. Plain and simple. No performance - no flows. Product is what you need to fix. Then Brand, and then comes sales (mostly data-driven).


  8. Helpful (1)

    "Great People and Great Work/Life Balance"

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

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

    Pros

    The people on the teams I was on, or worked with, were great people on the whole. Some managers really can drive change and make the experience a positive one. They're slowing working away their technical debt.

    Great 401k, good benefits and bonus, good pay.

    Cons

    Very old school corporate with a lot of rungs on the ladder. Some things take forever to get pushed through due to red tape and a few entrenched managers in certain areas.

    Advice to Management

    Get rid of your problem departments and don't outsource too much technology.


  9. Helpful (7)

    "Many ups and downs"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Great benefits - paid time off, medical, awesome 401k. I worked with many people that cared deeply about their work and quality.

    Cons

    Management used to encourage all to be leaders. Now it is out of style for even the management to be leaders.

    Advice to Management

    Remember when you viewed your employees as your most important asset? No? That's the problem.


  10. "Very corporate but not bad people"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Training - you gain a lot of industry knowledge. There are lots of learning opportunities, great benefitis

    Cons

    Erratic management, constant changes in management, a lot of bickering among management

    Advice to Management

    Vett projects properly before investing in them.


  11. Helpful (6)

    "Doesn't Know What They Want to Be When They Grow Up"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

    Pros

    Great offices, work life balance, comp, and benefits. Mostly nice people to work with and many dedicated employees interested in making their business successful.

    Cons

    Weak senior management that can't get out of their own way. Constantly trying to change their stripes searching for what might bring in new assets. For every dedicated employee there are two managers interested only in managing their own careers leading to horrendous business decisions that are somehow tolerated by senior management. CEO is a good guy but he's a money manager, not a CEO. Many good and tenured employees hanging on like cats waiting for the shoe to drop.

    Advice to Management

    Bring in experienced senior leaders to run the shop. Decide what you want the company to be and stick with it. Communicate with your loads of middle management to keep abreast of their thoughts before losing more good people!



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