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Western Asset Management

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A Case Study... 'The Peter Principle' - Anonymous employee Western Asset Management Employee Review

1.0
2 June 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good employees/workers who are generally capable, smart, and want to do a good job. Nice office with more than enough space. Free sodas in the break room and cafeteria.

Cons

Western is going downhill.... fast. Please search for: "SEC Charges Legg Mason Affiliate With Defrauding Clients" and you will find an example. This is public record. Why this is happening: I've worked at western multiple times and it used to be a great place. In the past it was a more of a meritocracy and a grittier environment. People pushed for new ideas and ways to do things. The information technology managers weren't afraid to shake things up and support new ideas. Those people are now gone and it's just complacent IT middle managers who have been there for far too long. Their skills are old and they protect their jobs by keeping things the same. The technology is aging and will increasingly become a liability rather than an asset. This is mostly perpetuated by (IT) managers who don't want their two hour lunches threatened. The number of people who do very little, if anything, is absurd. If you are thinking of taking a job here watch out! They follow a last in first out approach to employees; this is why there is very little opportunity for growth and wages are generally stagnant. It seems Western's best days are in the past.

Explore other reviews about Western Asset Management

5.0
7 May 2026
Recommend
CEO approval
Business outlook

Pros

Compensation was solid. Benefits were consistently good. The cafeteria was a real perk. Sounds trivial until you've worked somewhere that doesn't have one. Culture at the team level was collaborative, not cutthroat. If you liked fixed income, you could go deep on it here; the firm didn't try to be everything to everyone, which I respected.

Cons

Senior leadership could be opaque about direction.

3.0
22 May 2026
Recommend
CEO approval
Business outlook

Pros

Great Medical, Dental and Vision completely paid for with bonus of company funded FSA

Cons

Satellite office has little to no room for advancement.

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