Zacks Investment Management Reviews | Glassdoor

Zacks Investment Management Reviews

Updated Dec 14, 2018

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2.8
35%
Recommend to a Friend
32%
Approve of CEO
Zacks Investment Management Senior Investment Strategist & Portfolio Manager BEN ZACKS (no image)
BEN ZACKS
9 Ratings
  1. Helpful (1)

    "Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Advisor in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Zacks Investment Management

    Pros

    everybody in the workplace is extremely hard working and helpful. This is an industry where hard work pays off. This is the industry where you go if you are looking to evolve mentally and financially. This industry separates the hard working from the very hard working.

    Cons

    Long hours and deadlines that must be met

    Advice to Management

    Nothing other than continue to work hard like they do

    Zacks Investment Management2016-12-01
  2. Helpful (1)

    "Research"

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

    I worked at Zacks Investment Management full-time for more than a year

    Pros

    Downtown Chicago location- that's all.

    Cons

    - Below industry level compensation. - Zero learning curve, the technology stack is a decade old. - Toxic environment to work, petty politics and low morale rampant. - Outright lies by management, there are a few people stuck working at this place because of their visa issues- company would exploit your visa status. If you are considering joining this firm and have ANY other alternative, please reconsider!!

    Zacks Investment Management2018-11-04
  3. Helpful (1)

    "Radical Secrecy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Vice President in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Zacks Investment Management full-time for more than a year

    Pros

    Management periodically buys doughnuts or pizza for the office in an effort to amend offenses that they make against employees.

    Cons

    Top-level management at this organization is pathetic. Zipping through corridors in a frenzy because they are "busy." Secretly gossiping about employees. Constant lying. No centralized communication across the organization - which lends itself to a culture of water-cooler and smokers corner gossip. Common in meetings for management to dismiss a person during the course of a meeting, and then begin talking badly about the person (employee consultant vendor etc) the moment that they shut the door. Certain of top-level management is grossly unqualified, and is paranoid about being found out. They position within the office a network of informants, who serve as the gossip-reporters for management. Meetings with outside personnel are something of a stage act. The number of individuals assigned to working on and carrying out the firm's investment strategies is small for the number of investment strategies that the firm offers. Many individuals who rotate in-and-out of the firm's investment office are foreign, sometimes leaving the country and not returning. The Zacks family operates a complicated web of companies. Top-level management is also completely out of touch with the firm's positioning within the industry. Not shy about comparing themselves to top firms. And the firm's recent move to the Monroe St. building further evidences management's misguided perception about how it fits in the industry.

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    Advice to Management

    Ask yourself, what would the firm's clients think, if they knew how you ran your business? And what would the firm's regulators think? And the firm's vendors? Consider offering expanded counseling services within the firm's health plan. This could preempt anyone experiencing a Humpty Dumpty episode.

    Zacks Investment Management2018-06-03
  4. Helpful (2)

    "Management"

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

    I have been working at Zacks Investment Management full-time

    Pros

    Great employees to work with

    Cons

    Poor benefits and no annual reviews for raises

    Advice to Management

    Appreciate your employees by paying a fair salary

    Zacks Investment Management2018-02-15
  5. Helpful (1)

    "Data Analyst"

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

    I worked at Zacks Investment Management part-time

    Pros

    Working environment is great.

    Cons

    Bad top management, not many career development opportunities

    Zacks Investment Management2017-10-17
  6. Helpful (1)

    "IB"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Zacks Investment Management

    Pros

    The Zacks company is known throughout the industry for their independent research group. It is trusted brand.

    Cons

    It is a very unique and choatic heirarchy. No corporate culture.

    Zacks Investment Management2016-09-27
  7. Helpful (1)

    "WMA"

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

    I worked at Zacks Investment Management full-time

    Pros

    Good experience for sales- learn a lot about industry

    Cons

    No real cons- moved to a great new office space, maybe better coffee?

    Zacks Investment Management2016-08-04
  8. Helpful (2)

    "Be very cautious"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Wealth Management Associate in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Zacks Investment Management full-time for more than a year

    Pros

    “Good work life balance: You can work a 9-5 and not bring work home. Some employees are fun: some of the team members are fun, can't say the same about upper level management. Great location: You're right in the Loop, building could be a little nicer, but you can't complain.”

    Cons

    Organizational structure & management: Upper level management, while being accessible will not go out of their way to say hi to you while passing them in the hallway. Benefits: Zacks cuts cost at every corner, expect no matching on 401k, fairly expensive health premiums. Compensation: Compensation is highly negotiable. Basically everyone is made a terrible offer by ZIM, a lot of people will counter offer, and work out a better compensation agreement. Contracts are poorly written by design, expect the company to try and find excuses not to pay you. Upper level management doesn't realize that if they offered slightly more competitive salaries and benefits that they would attract better talent. Training: Depending on the position, training can be non-existent, or fairly robust. This varies, because managers are in charge of this. Opportunities for advancement: If you do well you will be recognized for your work. Be cautious with taking on new work, as this is often the result of other employees not wanting to do the work themselves. Culture: Fairly good group of people to work with. No employee events organized by Zacks except for the once a year Christmas dinner. This is most likely because these events cost money. Also expect for there to be no alcohol at any events. Communication: Extremely poor communication. Employees are routinely lied to by upper level management and everything seems to be kept a secret. Culture starts from the top down, and management will routinely ignore emails when it's convenient to do so. Cheapness: This is the cheapest company I have ever worked for. Employees are encouraged to use free versions of software. Getting a $20 a month subscription for a program that would allow you to work much more efficiently for the firm would be a headache. Company recently discontinued laptop purchase program which is basically a loan that goes away after 2 years of working there. One year there wasn't even a Christmas party. Don't expect any catered lunches, snacks, etc, there is a snack machine in the kitchen that the company probably makes money off of. Your computer won't have an internet filter, most likely because this costs money. There's a theme here, cut costs to the detriment of your company.

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    Advice to Management

    Stop nickeling and diming employees with poor management decisions. For example Zacks doesn't pay for flu shots, which makes zero sense. If you pay for flu shots your employees are much more likely to get them, and they'll get sick less often, meaning they will work more for you. It's this short-sightedness that is pervasive at Zacks. You're not being thrifty, you're being cheap, and it's hurting your company.

    Zacks Investment Management2016-05-05
  9. Helpful (1)

    "WMA"

    StarStarStarStarStar
    Former Employee - Anonymous Employee 

    I worked at Zacks Investment Management full-time

    Pros

    Good supervisors right above you in department, they try to fight for you to get you better benefits. If you can get through the grind of making countless calls and setting appointments, you can move up after about a half year to a year of working there

    Cons

    the main supervisor over the entire department won't ever acknowledge you or speak to you, you call 70+ people a day that 3/4 of the time don't want to speak to you

    Advice to Management

    be more upfront on what the length and process is to move up or be taken on full time, going through some changes at the company but is appreciated if kept in the loop

    Zacks Investment Management2016-03-19
  10. Helpful (2)

    "Wealth Management Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Wea; Th Management Associate in Crete, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Zacks Investment Management full-time for less than a year

    Pros

    The work environment is very relaxed, and our boss is very nice. He also knows what he is talking about.

    Cons

    You have to make roughly 60 calls a day to people who mostly don't want to talk to you at all.

    Advice to Management

    Make a more clear path for outstanding workers to get hired. Also, the communication between RVPs and WMAs is very poor.

    Zacks Investment Management2016-01-08
Found 24 reviews