OppenheimerFunds Reviews | Glassdoor.co.in

OppenheimerFunds Reviews

Updated 17 March 2019
336 reviews

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3.5
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OppenheimerFunds Chairman, CEO and President Arthur P. Steinmetz
Arthur P. Steinmetz
132 Ratings

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  1. Featured Review

    Helpful (1)

    "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Internal Wholesaler in New York, NY (US)
    Current Employee - Internal Wholesaler in New York, NY (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    OppenheimerFunds is a rare find in the NY financial services industry. I'm challenged to better myself at a healthy pace, paid well and work normal hours. I really love the culture that balances personal development and personal freedom. No micromanaging.

    Cons

    Tough to move up and compensation structure could be better structured to reward high performers


  2. "Great place to work but is being acquired"

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

    I have been working at OppenheimerFunds full-time (More than 5 years)

    Pros

    Great culture, benefits and people

    Cons

    Is in the process of being acquired and is moving jobs outside of current location (Denver).

  3. "Great place and enviornment"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Division Associate in Denver, CO (US)
    Current Employee - Division Associate in Denver, CO (US)
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great atmosphere
    Encouraging and competitive enviornment
    leadership is there to support you

    Cons

    being bought out by invesco

    Advice to Management

    N/A


  4. "Political"

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

    I have been working at OppenheimerFunds full-time (More than 5 years)

    Pros

    Most people are very nice and friendly.

    Cons

    Very political and favorites are moved up regardless of experience.


  5. "Fantastic firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Human Resources in New York, NY (US)
    Current Employee - Vice President, Human Resources in New York, NY (US)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at OppenheimerFunds full-time (More than 5 years)

    Pros

    Extremely smart people, collaborative environment, great work life balance

    Cons

    Strategy could be better defined


  6. Helpful (1)

    "Transfer Agent"

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

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

    Pros

    OppenheimerFunds benefits are good compared to industry averages. I like how they match 100% up to the first $5,000 instead of as a percentage of your salary. Doing the $ amount helps lower paid workers and treats people more fairly and equitably across the organization. Health and other benefits were decent. Work environment was relaxed on the surface-could wear jeans, not required to dress business casual

    Cons

    It’s not a surprise the transfer agent is being laid off and not kept as a part of the combined organization. We are working with dated systems from the mid to late ‘90’s that are clunky, disorganized, require significant workarounds and bizarre procedures. Many of the workers in the TA have been there 20+ years so they probably are just used to it, but as a millennial who appreciates 21st century functionality coming with financial services experience from other organizations that have made much better investments in their systems, it was extremely cumbersome and ineffective. The transfer agent management also only pays lip service to things that businesses have to do to survive like continual improvement, driving efficiency, and collaboration. They like to say these things are part of their culture, but in reality not at all. In an industry marked by significant changes and headwinds towards low cost, mobile based tech driven direct investing, the TA was a dinosaur entrenched in organizational behavior stuck in the 80’s and 90’s. Newsflash: Dinosaurs are extinct. Soon the Oppenheimer TA will be too

    Advice to Management

    Good luck with your new jobs


  7. "Good overall company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - QA Analyst in Denver, CO (US)
    Current Employee - QA Analyst in Denver, CO (US)

    I have been working at OppenheimerFunds full-time (More than 10 years)

    Pros

    Inclusive culture and diversity minded

    Cons

    going out of business in 2019

  8. "Great Place to Work, but with Slow/Limited Advancement"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Paralegal in New York, NY (US)
    Former Employee - Senior Paralegal in New York, NY (US)
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at OppenheimerFunds full-time (More than 8 years)

    Pros

    NY Office: Great remodeled office design. Very generous and well-organized benefits, 401K & donation matching, and company profile were all great, with decent starting salaries. Positive year profit sharing and bonuses were generous. Work-life balance was often touted and mostly maintained, with flexible work arrangements, such as remote work days, encouraged in the later years.

    Cons

    The reporting structure could be convoluted and silo-esque. Career advancement and lateral movement was extremely slow for a company of its size. The salary raises were slower to come by (than the bonuses and profit sharing), often making them fall behind industry standards if you stuck around too long. HR seemed extremely oriented to protect from the top down, instead of bottom-up.

    Advice to Management

    Have lateral movement programs. Review HR itself. Be more transparent with office/department reorganization.


  9. Helpful (1)

    "Company Was Sold"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Oversight Analyst in Centennial, CO (US)
    Current Employee - Oversight Analyst in Centennial, CO (US)
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at OppenheimerFunds full-time (More than 10 years)

    Pros

    For the most part, has been a great company to work for with great colleagues.

    Cons

    The culture in our department has really changed in the past two years, unfortunately not for the better when it comes to management.


  10. "Good Work Atmoshpere"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Production Associate in New York, NY (US)
    Former Employee - Production Associate in New York, NY (US)

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

    Pros

    Office atmosphere
    Group dynamics
    Clear Directives
    Independence
    Variety of work

    Cons

    Push to only work on one type of work collateral