Payden & Rygel Reviews | Glassdoor

Payden & Rygel Reviews

Updated April 10, 2017
14 reviews

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3.5
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Joan A. Payden
6 Ratings

14 Employee Reviews

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  1. "Friendly environment and a great place to learn"

    StarStarStarStarStar
    Current Employee - Finance in Los Angeles, CA
    Current Employee - Finance in Los Angeles, CA

    I have been working at Payden & Rygel full-time

    Pros

    Smart people, and a culture that is fun, open and friendly (company sports leagues, annual holiday party, charity events, access to Staples Center games, and more). Lean organizational structure that provides a great opportunity to gain an understanding of the business. The first few weeks allowed new hires the opportunity to sit with people in all parts of the company to learn what they do and ask questions. You're encouraged to further education of the industry through the CFA program.

    Cons

    Love that the CFA is encouraged, but employees are pressed to pass all three levels as fast as possible.


  2. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Strategist in Los Angeles, CA
    Current Employee - Strategist in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Management encourages entrepreneurship and is very selective to ensure cohesiveness of the team. People are promoted based on their merits more often than not. Joan Payden is an amazing person.

    Cons

    Sensitive responsibilities are often delegated outside the groups. A bit more automation can go a long way. Benefits and compensations are somewhat subpar compared to the industry averages.

  3. "Great company, mix of big and small."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Investment Analyst in Los Angeles, CA
    Current Employee - Financial Investment Analyst in Los Angeles, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Payden & Rygel part-time (Less than a year)

    Pros

    Great exposure to senior management, opportunities to make a difference, and great lunch!

    Cons

    Smaller company, at times slow. Great people!


  4. Helpful (2)

    "Don't Lose"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Los Angeles, CA
    Former Employee - Anonymous Employee in Los Angeles, CA

    I worked at Payden & Rygel full-time

    Pros

    1. Good work life balance
    2. Nice office
    3. Cushy responsibilities
    4. Not high pressure

    Cons

    1. Little initiative to help people advance their careers / development
    2. Low pay
    3. Low morale
    4. Boring work environment
    5. Low peer interaction outside work

    Advice to Management

    Pay your employees better. Help them develop their careers. Take care of your employees. Have more social events so people can bond.


  5. "You have to be with the right team!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Analyst in Los Angeles, CA
    Former Employee - Research Analyst in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook

    I worked at Payden & Rygel full-time (More than 3 years)

    Pros

    Not terribly high pressure; beautiful offices, free lunch twice a week.

    Cons

    The firm is very good at marketing. But not much out of the box thinking. Thus, investment results are average.

    Advice to Management

    Listen to suggestions from all; and not only listen to yes people.


  6. "Muddling through"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Los Angeles, CA
    Current Employee - Anonymous Employee in Los Angeles, CA
    Doesn't Recommend
    Positive Outlook

    I have been working at Payden & Rygel full-time (More than a year)

    Pros

    Work/Life balance is decent. Not too stressful.

    Cons

    Compensation is low. Moral is fairly low.

    Advice to Management

    Pay top performers more. Be more aggressive in marketing funds and growing the business.


  7. "Great Company"

    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 Payden & Rygel full-time

    Pros

    Lots of opportunity, you can learn a tremendous amount working here.

    Cons

    Not enough vacation time, salary starts off low for first several years and then jumps for loyalty.

  8. "Sales"

    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 Payden & Rygel full-time (More than 8 years)

    Pros

    Great opportunities to work with very smart people. If you are fresh out of the "right" school it is a perfect opportunity to learn.

    Cons

    To work with very smart people you must first navigate through the office politics that rival Washington D.C. Accept the fact that no one is your friend and there are some people that may look like employees but are actually moles reporting directly to the top. Very high school. very childish...The staff seems to have forgotten what they are there to do for the clients.

    Advice to Management

    Be fair and equally concerned about all employees, no matter what their pay grade is. Get rid of the toxic employees (and please stop rewarding them for fear of any type of retribution) These people are what caused the morale to plummet.


  9. "Portfolio Analyst"

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

    I have been working at Payden & Rygel full-time

    Pros

    Young culture, ability to take on ad hoc projects in different groups, lots of exposure to senior management if you make the effort, pay is fair

    Cons

    Limited vacation time, not open to change, tasks become repetitive over time, more so qualitative investment approach


  10. Helpful (1)

    "Could be one of the best"

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

    I have been working at Payden & Rygel full-time

    Pros

    Right size for successful investment strategies. Lots of learning opportunities. Great people. Lots of talent looking for ways to add value. If you want to move to a different group it's pretty doable as long as you perform well and you can take on a lot of responsibility quickly. Much more horizontal than vertical management structure (with one exception, see below)

    Cons

    The CEO is way behind in terms of employee benefits. She is still the ultimate descision-maker for the company (even after 30 years), and doesn't really believe in things like maternity leave. There is an almost visceral rejection of anything resembling HR. It's an excellent way to destroy morale and loose talent.

    Advice to Management

    Hire a high quality HR team with knowlege of industry best practices and morale management. Unfortunately this won't happen until the CEO either lets go of some of her preconceptions (take a look at silicon valley for example???) or management responsibilities.


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