Putnam Investments Reviews | Glassdoor

Putnam Investments Reviews

Updated October 7, 2017
207 reviews

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3.5
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Putnam Investments President, CEO and Trustee Robert L. (Bob) Reynolds
Robert L. (Bob) Reynolds
95 Ratings

207 Employee Reviews

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Pros
Cons
  • Low pay seems to be the common theme among most groups under senior directors (in 9 reviews)

  • No room for growth especially if you want to work in investments (in 4 reviews)

More Pros and Cons

  1. "client service rep"

    StarStarStarStarStar
    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    No opinion of CEO

    Pros

    lots of support from management

    Cons

    tough position being on the phone all day


  2. "Layoffs are more frequent in recent years"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Putnam Investments full-time

    Pros

    opportunity was great to workfrom home

    Cons

    upward advancement in the operations group is minimal
    layoffs are more frequent under new management

  3. "Analyst"

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

    I have been working at Putnam Investments full-time

    Pros

    Excellent manager who supports development.

    Cons

    Limited opportunity due to small firm.

    Advice to Management

    Improve HR.


  4. "Training and Development Specialist"

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

    I worked at Putnam Investments full-time

    Pros

    Benefits are fabulous, tough to beat.
    Generally, teams want to do a good job.
    Lots of turnover means that the quality of work will vary by team.

    Cons

    Lots of layers of management means there can be a lot of red tape when creative ideas are presented. Lots of pressure to put work before personal life. Managerial supports varies greatly.

    Advice to Management

    Manage new hires more closely than experienced team members. Feel free to share exemplary work with other managers and team members.


  5. Helpful (2)

    "Putnam Investments- A dogfight place for women to work"

    StarStarStarStarStar
    • 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 Putnam Investments full-time

    Pros

    Compensates reasonably well, higly qualified staff

    Cons

    Little boys club- unprofesiosnal management. Meaning, need to learn the basics- set gols for employees and manage them to the goals. Not, hire and promote your gu friends with no actual goals or evaluations. Because you all just "get along."

    Advice to Management

    get a clue- hire some professional, well-educated women, and get acquainted with the wonderful world of professional women. Not stay-at home housewives like you have all chosen as the key females in your own lives.


  6. "Operations"

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

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

    Pros

    Competitive Benefits. Vacation Time increases with tenure. Flexible work to personal life balance. Cafeteria food. Job security. Very hard to get fired.

    Cons

    Low pay. No room for growth. Company hasn't had employee growth in 17 years. Multiple layoffs.

    Advice to Management

    Move on from actively managed funds. Need more Index and ETFs. Too much dead weight in lower and middle management.


  7. "HR"

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

    Pros

    Good benefits and training, neat work environment, benefits were strong. Different work locations had same aesthetic. Great place to learn about the investment industry.

    Cons

    Political environment at times which can be very challenging and discouraging. It is important to support all levels within the company

    Advice to Management

    Be more inclusive

  8. "Worst company to work for"

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

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

    Pros

    Benefits were ok. Not much more I can say in the way of pros since there are none.

    Cons

    Worst work conditions than any place I had ever worked. Company had terrible computers and poor systems but blamed employees for poor systems. Had management and supervisors that could not motivate a hungry dog to eat. Investment company only cares about their money-not their clients money.

    Advice to Management

    Stop beating up on your employees and lead your teams to success. Maybe then employees will be motivated to talk up the company to friends and associates.


  9. "Investor Services Rep"

    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 Putnam Investments full-time

    Pros

    Great team members
    Great managers
    Great Atmosphere

    Cons

    Stressful during tax season but manageable
    On a leash when it comes to logging in, taking breaks, and taking lunch. If you're over 2 minutes late they mark you for it.


  10. Helpful (1)

    "Concentration camp"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Internal Wholesaler in Boston, MA
    Former Employee - Internal Wholesaler in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Their sales person training program is well know for churning out aggressive sales people like a well oiled machine. Old school style.

    Cons

    Hostile, old school motivation style of constant ball busting and negativity from the highest levels of management all the way down.

    Advice to Management

    Some day someone needs to decide to break the cycle of negativity that should have ended with the embarrassment of the last decade.


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