Lord Abbett & Co. - Made money | Glassdoor.co.in
  1. Helpful (3)

    "Made money"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Wholesaler 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Lord Abbett & Co. full-time for more than 10 years

    Pros

    Pay is good for the industru

    Cons

    Management is toxic And does not care about employees

    Lord Abbett & Co.2020-01-05
  1. Helpful (1)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time for more than 3 years

    Pros

    The company offers great benefits. There is clearly a strong company culture, great work life balance and the improvements to the cafe are outstanding. Over the past year, there has been a strong commitment to community service. I am proud to work at an organization that understands the importance of giving back to those in need.

    Cons

    I honestly can think of any.

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    Lord Abbett & Co.2020-01-23
  2. Helpful (4)

    "Wholesalers Warning!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Regional Sales Manager 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I worked at Lord Abbett & Co. full-time for more than 10 years

    Pros

    There are a few of the good guys left after heavy turnover the past 3 years.

    Cons

    Frat club. They preach diversity and inclusion, however their sales force is 90% white males. If you have a smaller territory you are still competing with the bigger territories and sales are expected to be the same. It can be challenging considering 80% of business is coming in Cash alternative short term bond funds. Compensation is competitive only if you are in top half of sales force otherwise no deferred comp for you. Divisional Sales Managers are in the field as WS so their is no transparency, they don't travel or support you in your territory at all. They look at you 100% by metrics and that is it. Not on ability or regional challenges. National Sales Managers are order takers from Managing Partner and have zero original thought. The firm has a tremendous amount of risk. Although growing they are doing on the back bone of two funds that have not returned their div yield in the past 5 yrs. Short Duration and Ultra Short

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    Lord Abbett & Co.2020-01-31

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