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Legatum Reviews

Updated 5 September 2017
10 reviews

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3.2
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  1. Helpful (1)

    "Unique Company working with great people"

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

    Pros

    Legatum is a unique company which sets it apart from any other I have worked for in Dubai. It is refreshing also that it follows high standards in line with those you experience and expect from a Western organisation.

    Legatum focuses on its mission which brings the team together along with strong values that are carried throughout every aspect of the business.

    The culture of Legatum makes it a great place to work, the team is full of genuine, down to earth people and the autonomous attitude means as an individual you have the opportunity to learn and grow both as a person but also in your skills.

    Employees are given the chance to get involved in the Philanthropic side of the business which brings a new dimension to your work and personal life.

    It is a hard working environment with high expectations but the company reward you and look after you providing beautiful offices, stunning café along with free lunch, afternoon teas and snacks.

    Cons

    Whilst you can grow and extend the responsibilities within your role, due to being a small office depending on your role there can be a limit to how far you can progress beyond that role.


  2. Helpful (4)

    "Mixed bag. Interesting to start with but very confusing organisation."

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

    Pros

    Nice building, good coffee, lots of potential, generally a good bunch of people until you hit senior management team. Prosperity Index is the shining light but beyond that it's all a bit hollow.

    Cons

    Strategy not clear. Research leads run vanity programmes to improve own standing as well as wining and dining friends but no real value added to the organisation. Exceptionally poor staff management with very inexperienced leaders. Large staff turnover and people can just disappear over night.

    Advice to Management

    Be more transparent. Get some proper managers who can manage!


  3. Helpful (2)

    "Short Internship"

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

    I worked at Legatum as an intern

    Pros

    Lovely team, good work ethic, great office.

    Cons

    Enjoyed everything, just interested in different industries.


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  5. "Great experience working for a company who cares"

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

    I worked at Legatum full-time

    Pros

    Legatum is a unique organization with an inspirational mission. It was an incredible opportunity being involved with a firm that is helping so many millions of people around the world. What I admired most was that the company's work is about passion and people, rather than being about themselves or focused purely on profit.

    Working in a relatively small team offered opportunities to be involved in other areas of the business, often resulting in the expansion of one's responsibilities. My role grew significantly during my tenure and I was presented with several great learning opportunities.

    My experience of the staff was a positive one. The employee contingent comprises people from all over the world. As expats living away from home, it was easy to fit in and make friends. We were all in the 'same boat'.

    There are also opportunities to take part in field-trips to see the company's philanthropic efforts. I was privileged to see some of the great work of the Speed Schools in Ethiopia a few years ago. A life-changing experience.

    Cons

    Dubai is a transient city, with staff members either moving back home or relocating to other countries over time. This can cause some difficulties when required to find suitable replacements within teams.

    At times there may be a requirement to work a few late nights to deliver on pressing deadlines. If you are dedicated to getting the job done and enjoy working towards tight deadlines you will fit right in.

    Advice to Management

    Consider implementing a formal mentorship program within the company. You have a group of phenomenally talented leaders at Legatum who could provide valuable insights to younger staff members.


  6. "Performance driven but with a family feel."

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

    I worked at Legatum full-time

    Pros

    Contributing to an organization which does what it says on the tin (or the website). Although it is an investment firm, Legatum really is driven by its mission to help others prosper and it is making a significantl impact globally on challenges such as Neglected Tropical Diseases, Modern Slavery and Out-of-School Children. While few people in head office are directly involved in this work there is a real sense that the efforts of everyone make it possible. It delivers on the "more meaning" evaluation criteria.

    The values of the firm are taken very seriously and "values misfits" don't stay long if they get in at all.

    It's a small team so people get to work on a wide range of projects. There's a strong work ethic and you'll be challenged to achieve more than you thought you could. There are no passengers.

    There's a collegial and family like feel.

    Cons

    The flip side of a small team is that there are not too many upward progression opportunities. But the variety of work can make up for that and prepare you for whatever comes next in your career. I've rated "career opportunities" in the ratings section lower for that reason although if you see Legatum as part of your career development you could take a different view.

    Everyone is "on" most of the time which means finding a reasonable work-life balance is not easy. But that's Dubai.

    Dubai is really, really hot in summer. It's not for everyone.

    Advice to Management

    No organisation is perfect and no leader lives up to their own expectations let alone the expectations of others. Keep seeking candid feedback from the team as you grow and develop as leaders. Create space for young entrepreneurial talent to join the firm and welcome and harness their disruptive influence.


  7. "A legacy with nuts in charge"

    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

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

    Pros

    For what it's worth, short-lived excitement on some interesting projects.

    Potential to make opportunistic gains if you figure out how to stroke senior management: If you must join this organisation for your dire circumstances, you should ask for double your market salary and steep contract pre-termination penalty. If you don't take my advice, you will lose out big time. Get everything is writing. Do not take leaps of faith here. Good environment for the mediocre to thrive. If you are a superstar doing well, stay away - ask others.

    Cons

    An ever-present atmosphere of disgust to stroke mediocre management - ask how management is qualified to lead you and what is their track record? Compare their quality to others you have encountered. Ask if they deserve to benefit so disproportionately to the people that do the real work who are shafted at every turn (contrary to what they will tell you). Boggles the mind.
    Exceptionally horrible track record under current management team- give them a few more years and a great legacy will smell of putrid garbage. Ask for track record since 2008 when chairman stopped managing fund. You will be told some bunkum about the information being proprietary and not disclosed. This is to cover one of the worst investment track records known to man.
    Extremely high attrition at whim of management - ask to speak to any ex-employee who was employed for longer than 3 years and you will know the truth. Employees with families who have been there for years are treated like feces and disposed of using toilet paper.

    Treat this as a short term contract contrary to what you are told about long term focus.


  8. Helpful (11)

    "Deceptive marketing, Horrible managment"

    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

    I worked at Legatum full-time

    Pros

    They manage a billionaire's funds so they have money.

    The money makes its way to many philanthropic efforts, but all the real work is done outside of Legatum. Management allow certain employees to get involved in the good work to some degree, but this is the exception rather than the norm.

    The proprietor is a wonderful gentlemen, but your interactions with him will be limited.

    Free lunch and coffee.

    Cons

    The three senior managers in charge are the most overpaid and under qualified people you will have met in your life. There is a saying at the firm - "Life is not about what we get, it is about who we become". Funnily, this only applies to lower level employees.

    You couldn't have a worse management track record if you tried. Current management have miserably failed and under-performed in every single division of the company since they took charge of the business a decade ago. It is beyond everybody at the firm and outside why current management is still in charge of Legatum.

    Everything sounds lovely on the website, but the reality is completely different. The senior managers are fake and dishonest.

    They will offer you high base compensation to entice you to join (which also good because Dubai is tax free). However, once you get there, you will basically need to bend over and take it. All bonuses go to management, with scraps for everyone else.


  9. Helpful (7)

    "Investment Team"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at Legatum full-time

    Pros

    plush office with cafe and free lunch, great heritage of which there is very little left today, proprietary capital, nice employees in the rest of the company

    Cons

    incompetent and self-serving management, hypocritical culture and false investment philosophy... website is a show - management cares more about perception than substance so reality is very different from marketing material. Shameful track record since founders stopped managing business in 2008 (as for performance since then). Dubai is rubbish for investment professionals and company has very high turnover with blatant disregard for employees and their families. Abysmal bonus comp... If you don't believe any of this, just speak to any and every ex-employee of the investment team

    Advice to Management

    have some dignity and resign


  10. Helpful (1)

    "More than a business experience"

    StarStarStarStarStar
    • Culture & Values
    • Senior Management
    Former Employee - Anonymous Employee in Dubai (United Arab Emirates)
    Former Employee - Anonymous Employee in Dubai (United Arab Emirates)
    Recommends
    Positive Outlook

    I worked at Legatum full-time

    Pros

    Legatum is an incredibly unique organisation with professional qualities you will struggle to find in any business setting around the world. They have an exceptional mission, and a culture that very evidently reflects their values which is carried out through all areas of operation. Regardless of your role or skillset, there is opportunity to develop your responsibility, skills and character in a wide range of capacities that will equip you to make an impact in any business environment and in life in general. I would highly recommend Legatum if you are looking to be a part of something that extends beyond great business practice and provides an opportunity to be involved in making an impact on some of the greater needs in the world.

    Cons

    No significant cons. You will find issues in any company however and Legatum does a great job of consistently and collectively opening these up for discussion in all areas to ensure employee satisfaction while still holding to the values and mission of the firm.


  11. Helpful (7)

    "Worst professional experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Legatum full-time

    Pros

    Sounded very interesting on paper

    Cons

    opaque, cliquish, very high turnover