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Wilshire Associates Reviews

Updated November 13, 2017
74 reviews

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2.8
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Wilshire Associates CEO and Chairman of the Board Dennis A. Tito
Dennis A. Tito
46 Ratings

74 Employee Reviews

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Pros
  • Wilshire manages to get great people on staff, and innovative work gets done there despite systemic obstacles baked into the company (in 7 reviews)

  • Great location, smart coworkers, Santa Monica (in 6 reviews)

Cons
  • No 401K match, no help with CFA or grad school costs, low raises and bonuses, etc (in 11 reviews)

  • Very low pay, and no 401K match (in 10 reviews)

More Pros and Cons

  1. "Interesting & Challenging"

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

    Pros

    Get to work with smart people.
    Lots of autonomy and chances to step up.
    Hard work and achievement is recognized.

    Cons

    Benefits not market.
    can be limited room to move up after a certain level.

    Advice to Management

    Ensure that there is appropriate input into employee evaluations so that slackers are not rewarded.


  2. "Senior Analyst"

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

    I have been working at Wilshire Associates full-time

    Pros

    good working environment, open door policy

    Cons

    salary is not decent at the beginning

    Advice to Management

    hire smart people

  3. "It is a sinking boat"

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

    I worked at Wilshire Associates (More than 3 years)

    Pros

    not demanding overall. You can get by day after day without doing much.

    Cons

    1, the HR team is really bias, arrogant and racial.
    2, the management team does not seem to know what they are doing. Everyone knows how to please the boss but no one gets anything down.
    3, the company as a whole is a sinking boat. The size of their analytical department has been downsized from 150 employees to current less than 40.
    4, sales crashed since 2015, only about a quarter customers still stay.
    5, I see good, capable ppl chose to leave within 1-3 years. whoever left are social loafers.

    Advice to Management

    be honest and care more about your employee so good ppl will actually stay with the company.


  4. Helpful (4)

    "They don't care about you"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Pittsburgh, PA
    Current Employee - Analyst in Pittsburgh, PA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wilshire Associates full-time (Less than a year)

    Pros

    Can't really think of any.

    Cons

    UNDERPAID. They refuse to pay people market value. Unless you're at the very top you're getting shortchanged. Unfortunately most of the people at the top could care less about people below them, hence the high turnover rate. I'll be gone soon.

    Advice to Management

    Retire


  5. Helpful (4)

    "Bottom of the industry."

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

    I worked at Wilshire Associates full-time (More than 5 years)

    Pros

    There is an opportunity to work with many intelligent people.

    Cons

    Where do I start? First of all the benefits aren't great. No 401K match, no help with CFA or grad school costs, low raises and bonuses, etc. Upper management either doesn't care or is completely unaware of the fact that most employees in the firm are grossly underpaid. Unless you are a managing director or above, you're probably making significantly less than you're actually worth. Also, the reward for hard work is...more work. Bonuses and compensation are relatively the same for across the board, regardless of work ethic and contribution to the company. There is a lot of turnover. Much more than the industry average. Upper management will continue to beat the "there is a lot of opportunity here" drum, but realistically, there is very little unless somebody at the top decides to leave, which is rare. This is a place to get some decent experience and move on to a better company.

    Advice to Management

    Try and take some of the focus away from their own compensation and look at the rest of the company. There is a reason this place has so much turnover.


  6. "Great view but transient"

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

    I worked at Wilshire Associates full-time

    Pros

    Beautiful offices and ocean view of Santa Monica beach

    Cons

    Turnover is high and great place to get some experience with well known company, ideal for young college grad


  7. "Benefits"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Santa Monica, CA
    Current Employee - Anonymous Employee in Santa Monica, CA

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

    Pros

    No cost HMO health/dental to employee (only)

    Cons

    There is no 401k match offered

  8. "Terrible Management and CEO"

    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 Wilshire Associates full-time

    Pros

    Great location, smart coworkers, Santa Monica!

    Cons

    The CEO treats the business like a dividend-producing bond, and not as something to invest in with a view to the future. Terrible politics.

    Advice to Management

    The CEO needs to sell out and let new leadership take this company where it could go.


  9. Helpful (6)

    "Full of Great Ideas and Smart People, But Perennially Unwilling to Adequately Fund Their Efforts"

    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
    Disapproves of CEO

    I worked at Wilshire Associates full-time

    Pros

    Wilshire manages to get great people on staff, and innovative work gets done there despite systemic obstacles baked into the company. Wilshire is a great résumé entry, given that you will probably learn a lot.

    Cons

    Wilshire does not believe in providing adequate infrastructure to their thought leaders; projects are typically started with a skeleton crew of staff members thrown at the task with little preparation and minimal funds. Employees are typically poorly-paid at junior levels; even at senior levels, compensation is not competitive with other financial advisors. Employee turnover is distressingly high, meaning there is a constant need to re-train incoming staff, which wastes valuable time. Benefits are good, but no 401(k) match?! That is just being cheap. Upper management is unconcerned about loyalty to employees.

    Advice to Management

    Take care of your employees. Spend money wisely. When you promise service to clients, fund the efforts adequately.


  10. Helpful (8)

    "Donald J. Trump has a higher approval rate than Wilshire's CEO - Enough said!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director in Santa Monica, CA
    Former Employee - Managing Director in Santa Monica, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wilshire Associates full-time (Less than a year)

    Pros

    You get to work with many talented people for around 3 years (they usually leave or get laid off after 3 years).

    Cons

    0% of profits goes into R&D (for those employed at W for 10+ years, that stands for Research and Development). 100% of profits goes into shareholders' pockets.

    Advice to Management

    Put clients satisfaction above paying for Dennis J. Tito's eccentric life style. Grow a pair!!!


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