PineBridge Investments Reviews | Glassdoor

PineBridge Investments Reviews

Updated January 29, 2019
94 reviews

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3.4
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Gregory A. Ehret
14 Ratings

Employee Reviews

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Pros
Cons
  • "Senior management needed to be overhauled" (in 8 reviews)

  • "No cons, greatly enjoyed my time here" (in 3 reviews)

More Pros and Cons

  1. "Great People, Great Products, and on a Growth Trajectory"

    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 PineBridge Investments full-time (More than a year)

    Pros

    People at PineBridge are bright, a pleasure to work with, and seem to really have a vested interest in the success of the firm.

    Cons

    Fast-paced growth has led to struggles with operational issues that seem to be improving with new COO.

    Advice to Management

    Keep doing what you're doing and provide incentives to make PineBridge an even more appealing place to work.


  2. "intern"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great team, fast paced environment

    Cons

    nothing, I find it is a great fit for myself

  3. Helpful (3)

    "Constantly Losing AUM"

    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
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    - Somewhat lax environment relative to a Blackstone or some other top tier asset management firm
    - $80 billion asset manager so it looks good on your resume and you could finesse that into a better paying job at another firm

    Cons

    - Losing AUM which means less money for the firm which means less money in the form of bonuses and raises for employees whether they're a top performer or not or whether their particular business line made money. Raises and bonuses for people who got promoted were not good.
    - constantly trying to create new products to keep up with the runoff on AUM
    - heard from multiple people that they were incentivized to inflate AUM figures
    - name of the game is to maintain AUM even if it's not financially viable so products are offered with rock bottom fee structures only for investors to redeem a few months later

    Advice to Management

    - Cut products that aren't making money and stop creating products that aren't profitable
    - Try to hold on to top tier talent - not all employees make the same contribution


  4. Helpful (5)

    "Middle Office Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I worked at PineBridge Investments full-time

    Pros

    Nice people. Majority friendly and willing to help. Good benefits, 401K.

    Cons

    Little room for career advancement and development. A lot of the day to day is the same. Sub par bonus pay for the work load and raises very infrequent even to hard workers.


  5. Helpful (1)

    "Diversity"

    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 PineBridge Investments full-time

    Pros

    Diversity is encouraged, you can wear many hats, opportunity to learn. Daily contact with colleagues in different regions.

    Cons

    No resources allocated to technology, a lot of manual processes can be improved to streamline and create economies of scale.


  6. "A demanding but very good firm with upside potential"

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

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

    Pros

    Generally nice people Opportunity for learning and professional development Much focus on marketing Management seems willing to promote from within those who deliver results Good work-life balance

    Cons

    Pay is not competitive but given low assets per employee is not a surprise The firm is overstaffed

    Advice to Management

    Do not replace those who leave unless there is no internal skill to be found; demand more from remaining employees but also pay them more; use goldman-type approach to compensation and expectations.


  7. "Great Place to Make an Impact"

    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 PineBridge Investments full-time (More than 3 years)

    Pros

    Great place to work if you like to chart your own course, are not afraid to take ownership, take on new challenges, and get things done. Nice people and a flexible work environment.

    Cons

    Don’t expect too much in terms of infrastructure or process.

    Advice to Management

    Inspire employees to add value beyond their day-to-day. You’ll get to your goals faster than way.

  8. Helpful (5)

    "No Hard Work Recognition"

    StarStarStarStarStar
    Former Employee - Temporary Employee
    Former Employee - Temporary Employee
    Doesn't Recommend

    I worked at PineBridge Investments (Less than a year)

    Pros

    You won't get fired unless you do something too crazy to hurt their business.

    Cons

    Mangers don't care about about employees, no incentive , no reward . Terrible for career beginners

    Advice to Management

    Hold on to people who show talent by showing some care , please !


  9. Helpful (20)

    "Worse than a tire fire!"

    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
    Disapproves of CEO

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

    Pros

    Still some nice people left.

    Cons

    Firm is run by a bunch of hooligans masquerading as a leadership team, Most aren't qualified to run their own department let alone a rapidly failing firm.

    Morale is at an all-time low. The smart people are leaving left and right because they're overworked due to high turnover, underpaid and stifled by incompetent managers. Career growth is non-existent. Unqualified people are overpromoted to keep them at the firm because these poor managers can't do the work of their subordinates (they just take the credit for it). Support employees are treated like second class citizens. Those in investments reap all the benefits. The firm bleeds money but it can somehow fly investment employees all around the world for a special conference and wine and dine leadership. What about the rest of us? We're all sitting here waiting for the next layoff and wondering who will be canned next.

    To add to an already horrid work environment, the latest regime took away all that was good about the firm - Summer Fridays, monthly happy hours, summer party, etc. You're basically punished for sticking around. Next, we'll be celebrating our holiday party in the conference room.

    Advice to Management

    Enough is enough. Put people on the leadership team who can lead. Improve morale or the revolving door is going to continue. Bring back the small perks - they don't cost much and keep people happy.

    PineBridge Investments Response

    Oct 10, 2017 – Managing Director, Global Head of Human Resources

    Thank you for your feedback. As the Global Head of Human Resources at PineBridge, I felt it necessary to directly address your comments about the firm. We know that the firm's success starts with our... More


  10. Helpful (4)

    "Managing Director"

    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 PineBridge Investments full-time

    Pros

    - Still a great platform with a US base and international network
    - Scale assets under management

    Cons

    - Decaying intellectual capital
    - Ownership shifting from AIG to an Asian family owned platform changed the risk perception in the eyes of the Limited Partners, hence, the firm is losing its attractiveness for U.S. institutional platforms because it is loosing its old established values of doing business

    Advice to Management

    - Get the business back to its New York-based asset management and investment management profile
    - Retain track-record- this business is all about track-record for LPs to continue supporting the platform