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OppenheimerFunds Reviews

Updated 19 April 2018
290 reviews

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

290 Employee Reviews

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Pros
Cons
  • The business is cutting costs and trying to stay relevant and competitive at the sake of employees work/life balance or even worse, their jobs (in 11 reviews)

  • Too many layers of middle management went unchecked by senior management (in 10 reviews)

More Pros and Cons

  1. "There is no direction! Salary freezes, no mobility and company having identity crisis"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY (US)
    Current Employee - Vice President in New York, NY (US)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Hours are easy, unlimited days off, you can just do the bare minimum and stay for years. They’re working to become more millennial friendly and if you’re young it’s a good launching pad for next step. They are investing in technology.

    Cons

    Salary freeze, very political, not female friendly despite the appearance of benefits. There is a lot of overlap and duplication of efforts yet no communication between departments. Product does what they want and launches a million things at once without looking at infrastructure

    Advice to Management

    Be more present- look under the covers and get rid of the inefficient political BS here. And pick a strategy!!


  2. "great company big banks needs to learn from"

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

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

    Pros

    great team..great place..low stress ..high performance..high energy..great dynamics

    Cons

    legacy teams needs to change the mindset..

    Advice to Management

    great to see the focus on an agile positive energy culture

  3. "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


  4. "Sales"

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

    I have been working at OppenheimerFunds full-time (More than 3 years)

    Pros

    Good pay, fun environment, some flexibility, enjoyed benefits

    Cons

    Weird Office Politics, can be petty at times

    Advice to Management

    Take it easy


  5. "great company"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    great company to work for

    Cons

    i don't have any at this time


  6. Helpful (4)

    "Undervalued"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Processor in Englewood, CO (US)
    Current Employee - Processor in Englewood, CO (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    401k, time off program, volunteer opportunities, team members

    Cons

    Too many AVPs/VPs, lack of business and industry knowledge by team supervisors, favoritism, micromanagement, low morale in frontline employees (customer service and processing ).

    Advice to Management

    Realizing frontline employees are more than numbers on a report. Management needs to also recognize how hard each “low level” employee works to do their jobs instead of focusing on what they could do better. Most importantly, know your audience when sending out memos or any other communication regarding company updates.


  7. Helpful (10)

    "Hierarchical and no chance of growth"

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

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

    Pros

    Decent health benefits; competitive pay with profit sharing

    Cons

    Growth potential is nil. If you are ambitious, intelligent, and a change-maker, the place will quickly rob you of any desire to problem solve or innovate. The culture is deeply hierarchal and siloed, with "lifers" holding back progress and an open office plan reinforcing old school corporate classism. Dedication to diversity/inclusion is paid little more than lip service.

    Advice to Management

    Stop buying up smaller boutique shops and focus on the flagship funds, IT infrastructure, and employee engagement. No raises this year is particularly demoralizing to those who worked in understaffed departments and "took one for the team."

  8. "Human Resources Department"

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

    I have been working at OppenheimerFunds full-time

    Pros

    great leadership, very well-organized departments, seem to really care about employees

    Cons

    no cons from me


  9. "Sales/Distribution"

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

    I have been working at OppenheimerFunds full-time

    Pros

    Some great people. Strong brand.

    Cons

    Upward mobility can be very tricky.


  10. Helpful (2)

    "Customer Service Representative"

    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 OppenheimerFunds full-time

    Pros

    Profit Sharing, Bonuses, Insurance, and Education Reimbursement

    Cons

    Unless you are selectively chosen as a Golden Child you are pigeon holed and stuck in your position and only offered lateral moves.

    Advice to Management

    Be open to criticism from lower levels and change proactively. Ignoring front line feedback holds the company back and facades for change only creates animosity and resentment.


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