AQR Capital Management Reviews

Updated 23 Sep 2020

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3.5
70%
Recommend to a Friend
75%
Approve of CEO
AQR Capital Management Founding & Managing Principal Cliff Asness, Ph.D. (no image)
Cliff Asness, Ph.D.
65 Ratings
Pros
Cons
More Pros and Cons
  1. Helpful (6)

    "Great brand now in decline"

    3.0
    Current Employee - Analyst 

    I have been working at AQR Capital Management full-time

    Pros

    Smart and motivated colleagues, free breakfast and lunch..

    Cons

    Work/life balance, culture and innovation not what it once was

  2. Helpful (7)

    "Learn a lot, but awful management and extremely tough environment"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in London, England

    I worked at AQR Capital Management full-time for more than a year

    Pros

    Learn a great amount about investment management, business development

    Cons

    -Awful management and senior leadership does not care about junior's happiness -Awful hours, really no work/life balance


  3. "Great place to work"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at AQR Capital Management full-time for more than 3 years

    Pros

    The most intelligent and friendliest people I've ever worked with. Competitive pay, great benefits, office itself was nice (in the before times). Actually feel cared for.

    Cons

    The commute from NYC sucks.

  4. "Regret my time there"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate in Greenwich, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at AQR Capital Management full-time for more than 3 years

    Pros

    Breakfast, snacks, lunch, Learning sessions

    Cons

    Unfortunately, the industry realizes how bad AQR is and job recruiters/ companies are hesitant to hire AQR employees due to the lack of experience and exposure. I have been told by many recruiters that they have been disappointed with the technical talent coming from AQR... should have stayed at a bank

  5. Helpful (5)

    "Was a great place to work years ago"

    1.0
    Former Employee - Hedge Fund Specialist 

    I worked at AQR Capital Management full-time

    Pros

    In-office food and snacks although even those had been cut with poor performance

    Cons

    Became a cold place to work where they don't care about employees and slashed jobs as performance tumbled

  6. Helpful (15)

    "Company has too many issues for me to even list"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Quantitative Researcher in Greenwich, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at AQR Capital Management full-time for more than a year

    Pros

    - Some smart talent working here - Less competitive than some firms - Good name on resume (might change soon though) - Some interesting Quanta lectures

    Cons

    - "Fake quantitative firm!" Has a bunch of Econ/Finance people running a "quant firm" instead of having more quantitative people, and they often don't know what they are doing. - Commute wastes so much time for employees. We get that you want to pay less taxes but at the expense of making a large proportion of your employees commute and waste time. - Nepotistic hiring and marketing specifically to the alma maters of the Principals - Terrible tech (clusters often break with just 1 TB of data). The response is to blame the researchers for this rather than increase the capacity of the cluster or switch to AWS - Tech hiring standards are lower than that of FAANG (rarely true at a top tier hedge fund) - A lot of kissing up to upper management including incompetent upper management, which is quite common. People will stay until their manager leaves "to save face," and that deincentivizes working hard and efficiently. - Compensation is far worse than that of traditional competitors - Stubborn about their traditional ways and refuses to innovate - AUM has dropped over 30% since I worked there - Poor data (wastes serious time)

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  7. Helpful (18)

    "Great benefits, but with serious drawbacks"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in Greenwich, CT
    Negative Outlook
    Approves of CEO

    I worked at AQR Capital Management full-time

    Pros

    - Benefits and pay are very generous, hard to beat - One of the most respected names in finance - Close interaction with senior mgmt, some teams have excellent mgmt - Free breakfast, lunch, dinner, cell phone and gym reimbursement, other perks

    Cons

    - Many demoralizing teams and managers, lots of internal politics, not a surprise there is an extremely high turnover rate - Culture has suffered heavily in recent years - Internal systems are outdated, though improving - Lack of work-life balance depending on team - Roles aren't initially made clear to many, leads to higher turnover and other problems, make sure you know what you're signing up for

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  8. Helpful (8)

    "Smart people but challenging culture"

    3.0
    Former Employee - Business Development Analyst in Greenwich, CT

    I worked at AQR Capital Management full-time

    Pros

    -Interesting products -Brillant people -Great technology -Lots of training

    Cons

    Toxic culture and difficult managers Little career trajectory options

  9. Helpful (12)

    "Mixed Bag"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Greenwich, CT
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at AQR Capital Management full-time

    Pros

    Good perks (minus location), great name on resume. Extremely talented, intelligent, and ambitious younger colleagues--AQR tends to hire the cream of the crop from undergraduate / masters degrees. People are chill and usually very friendly. You will learn a lot if this is your first job in Finance.

    Cons

    AQR is a glorified Fidelity that hires over qualified "researchers" to perform mindless tasks. Although it depends on the team, most researchers are given very little incentive to actually make the funds better--this is in large part due to the massive egos of many of the researchers. Serious research is immediately dismissed as "data-mined." The only valid research is published research, which by the time of publication, is already arbitraged by faster firms. The day to day instead involves data checking, approvals, etc. It's extremely disappointing. Don't take the job description seriously. This pivot has been driven by greedy principals who quickly learned that they could rent seek off of a brand name.

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  10. Helpful (30)

    "Lean back and observe the free fall"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Portfolio Management in Greenwich, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at AQR Capital Management full-time for more than 3 years

    Pros

    Where should I start: - You will have a chance to master Python and Data Cleansing, under the pretense of portfolio management and research - If you work in HR you will master the art of leaving fake reviews online on how 'great' this place is (sadly, this has been happening the past few months) - You will enjoy super low-quality breakfasts, and a $10-capped lunch per day so you will appreciate eating 'healthy' elsewhere - The brand name brings some heft to your resume, although perhaps not for too long given that people are starting to see the real colors shine through - If you are desperate for sponsorship (H1B or Greencard) they will do that for you, at the expense of offering you a salary way below the market average

    Cons

    This firm would make a great subject for a white paper on how to: - Run your business to ground by wasting time on 'Tweeter' picking fight with investors, vendors, etc - Ignore (encouraging?!) juvenile highschool-level politics across your firm and successfully kill the moral of low and mid-level employees, creating a revolving door - Not pay attention to the basics of organizational structure, shuffle employees around with no clear logic, and add or eliminate positions for absolutely no reason - Boil the ocean and reinvent the wheel hence waste money because you know it all, and know it better than anyone else - Promote people only if you personally like them, or they come from certain schools, or they openly praise you and the 'outstanding' job you are doing I would not bother leaving a review but I could no longer ignore how the non-sophisticated investors AND junior job seekers are being mislead to belileve AQR is a great successful money manager. This is all propaganda: AQR is a sinking ship.

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Found 103 reviews