Lord Abbett & Co. Reviews | Glassdoor.co.in

Lord Abbett & Co. Reviews

Updated 3 April 2019
133 reviews

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2.6
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Douglas B. Sieg
12 Ratings

Employee Reviews

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Pros
  • "good work life balance and easy working atmosphere" (in 15 reviews)

  • "Compensation, A lot of days off, Gym in building, Great Training Program, Fun Work Environment, High paced, Opportunities within the firm" (in 5 reviews)

Cons
  • "This hides visibility of highly talented technical people efforts to senior management" (in 11 reviews)

  • "There isn't any room for growth just horizontal movement unless you are in really good with upper management" (in 11 reviews)

More Pros and Cons

  1. "Sr. Data Analyst"

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

    I have been working at Lord Abbett & Co. full-time

    Pros

    Best place to work because of work culture and nice people around me

    Cons

    Commute is a problem because I dont have a car to commute


  2. Helpful (4)

    "Sales"

    StarStarStarStarStar
    • Senior Management
    Current Employee - Advisor Consultant in Jersey City, NJ (US)
    Current Employee - Advisor Consultant in Jersey City, NJ (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Lord Abbett & Co. full-time (More than 3 years)

    Pros

    - Exposure to Managers, Investment team members
    - Content constantly put out regarding products/markets
    - Great office location
    - Culture built around teamwork and collaboration

    Cons

    I’ve been working on the sales desk for a few years, and I’ve noticed a few things that definitely make me consider other opportunities:
    - Constant change to leadership structure makes it difficult to understand firms long term goals
    - Majority of partners in the firm have never worked anywhere else...which can be good and bad. It’s hard to ask career advice to a partner/senior member of the firm without hearing the “kool-aid” talk of how great Lord Abbett is
    - Quality vs. Quantity of contacts could be better. People who hammer the phone senselessly always seem to win out. It’s unfortunate because often times it overlooks smart and professional sales people who deserve more recognition
    - Product push on funds that are performing well in the near term, and not so much focus around long term products to help grow the firm

    Advice to Management

    Promoting people with the highest level of activity is one thing, but promote people who actually have high moral standards and who can handle more responsibility...Too many bad eggs.

  3. "It’s a great position especially if you’re coming right out of college."

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

    I have been working at Lord Abbett & Co. full-time (More than 3 years)

    Pros

    Great managing partner and a fun culture in the position.

    Cons

    Lack of transparency from upper management.


  4. Helpful (5)

    "Wouldn't go back"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Jersey City, NJ (US)
    Current Employee - Associate in Jersey City, NJ (US)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Lord Abbett & Co. full-time (More than 3 years)

    Pros

    25 days PTO, unlimited sick days
    good healthcare
    Some managers are absolutely amazing- if you get lucky to work with them that is

    Cons

    frat culture
    low pay vs industry
    terrible management

    Advice to Management

    Teach your managers how to actually manage


  5. Helpful (1)

    "Experience with Lord Abbett"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Jersey City, NJ (US)
    Current Employee - Software Engineer in Jersey City, NJ (US)
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time (More than 5 years)

    Pros

    Work Culture has been great

    Cons

    Benefits varies with Team lead

    Advice to Management

    To be consistent and more employee friendly


  6. Helpful (5)

    "Some really great changes recently"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investments in Jersey City, NJ (US)
    Current Employee - Investments in Jersey City, NJ (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time (More than 8 years)

    Pros

    The culture of the firm has changed a great deal, mostly for the better, since Doug Sieg was named managing partner (like the CEO of a partnership). Flexible work from home policy, unlimited vacation days so long as you are responsible and get your work done, and a zero premium health plan are just some of the most widely appreciated changes. Employees also feel more motivated to work hard, which means faster response time from colleagues and less waiting around. Gone are the days when underperforming managers could expect to be left alone in their corners. The firm is also pushing into new areas of asset management and innovating. Communication from top leadership has vastly improved through regular "Town Halls" and quarterly division-wide presentation by senior leaders.

    At the same time, many of the things that have always made Lord Abbett a great place to work haven't changed. The firm absolutely does not tolerate senior employees who mistreat or verbally abuse junior employees. One very rarely hears foul language. Managers understand that employees may have families or personal obligations, and are rarely made to feel bad for taking necessary time off to deal with personal situations.

    Cons

    While I am optimistic that things will improve in areas like technology and operations, I must admit we're not there yet. Also the firm is still struggling to gain traction with investors in equities, although assets are booming in fixed income and that is more than making up for any difficulties there.


  7. Helpful (1)

    "Software Engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Jersey City, NJ (US)
    Current Employee - Software Engineer in Jersey City, NJ (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Lord Abbett & Co. full-time (Less than a year)

    Pros

    Grow , let others grow culture.
    Highly motivated environment
    Scope to work on latest technology
    Experienced people are asset of company and very helpful.
    Monthly technology forum helps to understand where are we and roadmaps.

    Unlimited paid time off, work from home option, 100% subsidized premium on healthcare for 2019.
    Latest policy changes are big cons to employees.

    Cons

    No cons experienced so far.

  8. Helpful (1)

    "Lord Abbett Review"

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

    I have been working at Lord Abbett & Co. full-time (More than a year)

    Pros

    -Investment in employee success & development
    -Entrepreneurial environment
    -Recent shift to flexible policies

    Cons

    Consider a New York City presence - having a small office would be an appealing option to employees

    Advice to Management

    Continue to listen to needs of employees


  9. "trader"

    StarStarStarStarStar
    Former Employee - Trader in Shanghai, Shanghai (China)
    Former Employee - Trader in Shanghai, Shanghai (China)

    I worked at Lord Abbett & Co. full-time (Less than a year)

    Pros

    good work life balance and easy working atmosphere

    Cons

    limited career path very boring working schedule


  10. Helpful (12)

    "Wish I could give them less than one star..."

    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 Lord Abbett & Co. full-time

    Pros

    Gym, Boardwalk, Waterfront Location, Cafeteria

    Cons

    Overworked + underpaid = undervalued, overall chaotic and toxic work environment with lazy/mediocre employees (Bro-culture and trust fund baby culture is rampant) limiting any upward growth unless you turn a blind eye and or are just like them. IT/Tech is still a joke and most employees lack basic industry standard skills (MS Office Suite), they still think PowerPoint is the only way to give a presentation and completely lack innovation or any form of creativity. Morale and any kind of team building efforts are mostly all rhetoric and no action. A regime of systemic oppression.

    Advice to Management

    I'd advise management to make an effort to actually get to know the people that are working for them, but that would be a waste of time, considering that management is part of the problem and not the solution. Management condones the culture and even aides it by continuing to hire more employees (clones) just like them. Honestly, everything is too far gone to be saved at this point, they might as well just fire everyone and put the waterfront real estate back on the market.