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OppenheimerFunds Reviews

Updated 13 November 2017
275 reviews

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3.3
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OppenheimerFunds Chairman, CEO and President Arthur P. Steinmetz
Arthur P. Steinmetz
101 Ratings

275 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. "Assistant Vice President, DCIO Marketing"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at OppenheimerFunds full-time

    Pros

    Great work/life balance. Friendly atmosphere.

    Cons

    Little opportunity for upward mobility.


  2. "Amazing company"

    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

    Pros

    Lot of talented folks
    its exciting and i always look forward to go in on a Monday
    an environment which will instill positive energy
     leadership is nice ,wise and open

    Cons

    certain teams have very good senior leadership , but the lower level operational mgmt needs to understand ,adapt & change

    Advice to Management

    certain teams could benefit from renewal


  3. "Counter-party Risk Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Risk Analyst in New York, NY (US)
    Current Employee - Credit Risk Analyst in New York, NY (US)

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

    Pros

    Good work-life balance, nice kitchen

    Cons

    Lower pay, unguided in projects at times


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  5. "Greta"

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

    I worked at OppenheimerFunds full-time

    Pros

    Great people working at the company

    Cons

    Tough environment to work in

    Advice to Management

    Keep it up to the managers


  6. Helpful (2)

    "Do not work here!"

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

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

    Pros

    Decent benefits and health insurance.

    Cons

    Web development is a mess!

    New York makes all the decisions. Denver is just supposed to do as they're told. This is a huge problem. The vast majority of people in New York have no clue about software or usability. They literally have maybe never worked on a single digital project before, but because they are in New York, they override all thought from developers in Denver that actually have built successful software projects in the past.

    Because New York doesn't properly involve stake-holders from development, and then they choose dates arbitrarily, they set up their projects for failure. This plus outsourcing to junior developers from India is a sure fire recipe for disaster. It's exactly the playbook you'd expect from people who have no clue what they're doing.

    Last con: It's offensive how much money OppenheimerFunds spends to support black tie events in New York, museums, etc. There are probably 10x the number of employees in Centennial vs New York, but OppenheimerFunds supports NOTHING in Colorado. Very stingy. When I worked at OppenheimerFunds in Centennial, they didn't even throw a holiday party.

    Advice to Management

    Sell the company. The days for overpriced funds like OppenheimerFunds (with up front sales charges and over 1% annual management fees) are over. Vanguard will continue to eat your lunch for you. All you can hope is the septuagenarians currently invested in your funds live a long time


  7. "Manager"

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

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

    Pros

    Great people, interesting work, great work life balance, lots of employee initiatives.

    Cons

    There is a limited remote work, although working late is extremely rare


  8. Helpful (6)

    ""Poor leadership""

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

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

    Pros

    - Good pay for some employees

    Cons

    - continuous layoff. They give you bad reviews and forced you out, to avoid giving out packages.
    - outsource most IT work
    - treat employee poorly


  9. Helpful (3)

    "The most incompetent, indecisive and self-serving leadership I have ever witnessed."

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

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

    Pros

    There are some really good, skilled, and talented people at OFI. Sadly many are leaving.

    Cons

    Overworked, underpaid, understaffed.
    Outsourcing to India, layoffs, low morale.
    Non-existent work/life balance.
    Hiring more and more VPs instead of workers who are actually knowledgeable and get things done.
    A very political environment chock full of cronyism.

    Advice to Management

    Management is not interested in taking advice and would rather look out for themselves while shielding bad news from those above and the board. An employee survey from earlier this year resulted in extremely poor numbers for the leadership throughout the company. How did they respond? By shifting the blame and saying the employees didn't understand the questions. Skilled workers are leaving in droves and management views this only as "Healthy Attrition". In order to right this ship the board needs to clean house from the top down but unfortunately it would probably take a security breach on the scale of Equifax for anything to be done.


  10. "Career path"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Vice President in Charlotte, NC (US)
    Current Employee - Senior Vice President in Charlotte, NC (US)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Specific career paths
     always opportunities to advance
    Personal and professional development

    Cons

    Many layers of Mgmt

    Advice to Management

    Keep the values and culture that has led to our success


  11. "Oppenheimer 2017"

    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
    Neutral Outlook
    Approves of CEO

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

    Pros

    OppenheimerFunds is an employer that cares about their employees and makes it a point to make your career progression a priority. The firm values work-life balance, and management is transparent for the most part. The current employee base could use work from a diversity standpoint, but it appears that Oppenheimer has made this a top priority within the past year or so.

    I will be with OppenheimerFunds for the foreseeable future as they have made it a priority to invest in me.

    Cons

    Sometimes seniority gets in the way of progression, but if you are patient they almost always find advancement for you.

    Advice to Management

    Continue to do what you are doing.


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