Neuberger Berman Reviews

Updated 13 August 2014
Updated 13 August 2014
60 Reviews

3.5
60 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Neuberger Berman Chairman and CEO George H. Walker
George H. Walker
36 Ratings

Review Highlights

Pros
  • Started out with positive work/life balance then went downhill (in 8 reviews)

  • Great compensation, great people, centrally located in downtown Dallas (in 5 reviews)


Cons
  • Small groups and limited opportunity to move within the firm (in 3 reviews)

  • Unfortunately Lehman's culture pervaded Neuberger post market crash of 2008 with many of the senior management piggy backing off of NB's survival (in 3 reviews)

More Highlights

Employee Reviews

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  1.  

    Managing Director

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

    I have been working at Neuberger Berman full-time for more than 8 years

    Pros

    A great investment firm with a strong culture and a promising future. NB is the best large assets manager to work for

    Cons

    It has the challenges of any 2000 person firm. It is hard for it to be the ideal place for everyone

    Advice to ManagementAdvice

    The trajectory is inspiring

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Intern

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

    I worked at Neuberger Berman as an intern for less than a year

    Pros

    Fast paced environment, place to learn and grow

    Cons

    Co-workers are friendly however there isn't an opportunity to getting to know them better

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Second Tier Firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Portfolio Accountant  in  Chicago, IL (US)
    Former Employee - Portfolio Accountant in Chicago, IL (US)

    I worked at Neuberger Berman as a contractor for more than a year

    Pros

    None that I can think of

    Cons

    Low pay, long hours, intermediate and senior management lack vision, treat consultants like serfs

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    Managing Director

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

    I have been working at Neuberger Berman full-time for more than 10 years

    Pros

    Client focused. Remarkable culture. Clear strategy and promising future. It is remarkable how the firm has developed after gaining its independence - what a story.

    Cons

    None meaningful. It would be nice if people could rotate assignments, but that is not realistic in this business unfortunately.

    Advice to ManagementAdvice

    Stay the course! Well done

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    extremely limited growth opportunities

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

    I worked at Neuberger Berman full-time for more than 5 years

    Pros

    access to intelligent portfolio managers and company research

    Cons

    growth potential is extremely limited; career mobility appears to be a fallacy and is not supported by managers. there is a lot of subtle racism within middle management, often times favoritism being shown towards "the good ol' boys". many of the client facing roles are in groups that are chauvinistic and overtly sexist, with grossly inappropriate behavior that is ignored by management. this is a company where you should spend no more than 1-2 years to simply get a name on your resume, then pack up and move on.

    Advice to ManagementAdvice

    promote talent from within and you will build a strong company with a strong future.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Great place to work

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Neuberger Berman

    Pros

    good, smart, kind and easy going people

    Cons

    the work was very boring.

  8. 1 person found this helpful  

    Either become a revenue generator or disappear - Firm is for those who can generate revenue, cost centers don't matter

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

    I worked at Neuberger Berman full-time for more than 3 years

    Pros

    Work here if you are a revenue generator and have a book of business you can bring to increase firm's AUM either as a sales person or Portfolio manager. You eat your own cooking. Each team is paid based on their individual team level AUM. If you can bring in money, then you will feel like you own the place.

    Cons

    If you are a cost center in Operations, HR, IT, Risk, or administration, then you are considered second class citizens. It is as if you hold non voting shares in a company. You don't matter, you are compelled to leave the firm and you are told to keep you opinions to yourself. As a cost center, you are just a number, you really have no identity. Please do not take cost center jobs, you will regret taking the job because you are just a menial worker. You will lose your self confidence and will lose motivation to engage with your work due to the environment in the firm.

    Advice to ManagementAdvice

    I think it would be better if Management told the truth to NB services employees. Management should not continue to deceive cost center / Support employees. People who work in support roles may not generate any revenues but they are still US Citizens. Please treat them with some respect and tell them the truth that they are menial workers since eventually they will find it out.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9.  

    Summer Internship with an Investment Group

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

    I worked at Neuberger Berman as an intern for less than a year

    Pros

    - My group gave me hands on experience
    - Very entertainment work environment
    - Everyone was willing to answer any questions I had
    - Work/Life balance was great for industry

    Cons

    - Not great intern pay for finance
    - Do not give formal offers after internship
    - Intern experience seemed to vary greatly by department/position

    Advice to ManagementAdvice

    Give interns offers and start undergrad recruitment program!

    Recommends
    Positive Outlook
    No opinion of CEO
  10. 2 people found this helpful  

    Neuberger Berman

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing and Product Development  in  New York, NY (US)
    Former Employee - Marketing and Product Development in New York, NY (US)

    I worked at Neuberger Berman full-time for more than 3 years

    Pros

    Very collegial environment and flat organizational structure. You get a lot of exposure and interaction with senior management, investment professionals, marketing, sales, etc. Depending on what group you're in, there is also a very entrepreneurial environment, where you can propose things and then try it out.

    Cons

    Similar to other asset management companies, the portfolio managers rule the roost. Anyone in a non revenue generating part of the business is treated that way (including compensation and advancement opportunities). Advancement opportunities are difficult to win and it's not clear what your managers are looking for.

    Advice to ManagementAdvice

    Decisions that are decided at the top don't seem to flow to the rest of the team and when they do, they don't always make sense, so management should work on improving communication.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11. 2 people found this helpful  

    There are probably better firms at which to start your investment career.

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

    I have been working at Neuberger Berman full-time for more than 3 years

    Pros

    Recognizable brand. Great access to information from the street. There are some good investors to learn from.

    Cons

    No training. The people are very hit-or-miss: some are great to work with or for and others can be downright nasty. Very conservative. Easy to get stuck in the mid-levels.

    Advice to ManagementAdvice

    Not very clear how performance is measured.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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