Zacks Investment Management Reviews | Glassdoor

Zacks Investment Management Reviews

Updated October 16, 2017
20 reviews

Filter

Filter

Full-timePart-time

2.9
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
BEN ZACKS
6 Ratings

20 Employee Reviews

Sort: PopularRatingDate

  1. "Advisor"

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

    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


  2. "Data Analyst"

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

  3. "IB"

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

    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.


  4. "WMA"

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


  5. "Be very cautious"

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

    I worked at Zacks Investment Management full-time (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.

    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.


  6. "WMA"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    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


  7. "Wealth Management Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wea; Th Management Associate in Crete, IL
    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 (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.

  8. "Zacks Investment Management Wealth Management Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Wealth Management Associate in Chicago, IL
    Current Employee - Wealth Management Associate in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at Zacks Investment Management full-time (Less than a year)

    Pros

    I have been with Zacks Investment Management just under a year starting as a hourly temporary employee as a WMA (Wealth Management Associate). I was brought on Full Time after 7 months on Jan 1st 2015, and promoted to the Operations Wholesale & Retail department after 5 months in June 2015. So in just under a year I have been able to go from a temporary employee, to full time, to another promotion. The corporate culture at Zacks Investment Management is not as stuffy and much more relaxed and fun than most investment companies. You are not punching a time clock at Zacks but you efforts & hard work will be noticed and rewarded. Zacks is growing at an incredible rate so you are able to advance your career, and yet it is still a small enough company, to easily access & communicate with management. Management is constantly trying to improve both marketing and the business model. If you are willing to work hard, study for the series 65, and be apart of a great team you can definitely reach your goals at Zacks Investment management. The Serendipity Lab on the second floor is great to take a quick break or read email.

    Cons

    If you are not good on the phone or sales this is not the job for you.

    Advice to Management

    A matching 401K of up to 3% and tenured after 3 to 7 years is pretty much standard for most established companies in general, and would show you care are looking out for your employees future retirement and would help retaining and attracting top talent.


  9. "My role at Zacks has been a tough road but the work is rewarding."

    StarStarStarStarStar
    Current Employee - Wealth Management Associate in Chicago, IL
    Current Employee - Wealth Management Associate in Chicago, IL

    I have been working at Zacks Investment Management full-time (Less than a year)

    Pros

    Great team environment that promotes development and success. This is a role that can develop into greater financial positions and increased financial knowledge.

    Cons

    As a Wealth Management Associate their are common challenges as it is a sales environment. If you cannot do sales over the phone, then don't apply.

    Advice to Management

    Consider increasing commission to promote greater sales. The more I get paid the harder I work, that's any salesman.


  10. Helpful (1)

    "Wealth Management Associate = Cold Calling"

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

    Pros

    Pro's: Will pay for you to take S65
               Develop sales skills through cold calling 8+ hrs a day

    Cons

    Con's:
    Management - Management has no idea how to treat their employees
    Compensation- 30k base salary with $75/appointment. Average WMA makes 35k/year.
    Over Promise - Management will promise promotions to WMA's who excel (over the year that I was there not one person got promoted).
    Atmosphere - The office setting at Zacks is very depressing, every hates the job and is unmotivated.
    The Job - Your only responsibility as a WMA is to cold call for an external RVP for 8 hours a day, they will say that the leads are "warm" when you an in the interview process but that is couldnt be more of a lie. If you take longer than 1-2 minutes between calls, you will be logged off the dialing system and likely get an email from your supervisor.

    Advice to Management

    It was my first job out of college so i knew that it wasn't going to be my "dream job". I couldn't imagine doing this job over the age of 23 or for longer than 12 months. The only positive from this job was that I was able to gain communication skills through calling for 8 hours a day, that aside I would not recommend this job. My advice to management would be to value your employees and treat them well (pay/respect). Cold calling for 8 hours a day gets old and no matter who you are, you will get burnt out of it. Stay away from ZACKS, you have been warned.


Showing 20 of 22 reviews
Reset Filters