Guggenheim Partners Sucks Customer Reviews and Feedback
Guggenheim Partners is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services. The firm is headquartered in New York City and Chicago with 2,400 staff located in 17 cities throughout the United States, Europe, and Asia. It has more than $275 billion of assets under management. The firm's CEO is Mark Walter. It has six Managing Partners who are key executives, and with a Senior Leadership Team of 13 other executives, oversee the Firm's businesses. The four original founders include Peter Lawson-Johnston II, Solomon R. Guggenheim's great-grandson, J. Todd Morley, Mark R. Walter, and Dominic J. Curcio.
A former employee said this in a review: "I've worked at Guggenheim Partners for several years and it is only getting worse. I have no faith in management to point our organization's operational teams in the right direction. There is no standardization so every day is just one massive fire drill. And the salary is low."
Former Employee - Anonymous Employee says"Very toxic environment where pervasive politics wins over good ideas. There is a visible gap in the treatment between empowered individuals and the rest of staff. Plum assignments are given to a small group of empowered individuals leading to poor decisions and slow execution. Lack of transparency and poor communication amongst teams. Biased recognition. Many people feel like they have no way to create change and improve the company they love."
Current Employee - Anonymous Employee says"There seems to be an underlying company culture problem, starting with the ruling from the top. Communication is rare, with those holding onto information to better serve themselves. If you play the blame game well, you will succeed here."
Former Employee - Vice President says"Awful management from top down. I worked in the Equity Securities side of things so cant speak for the other areas. Constant rotation of department heads bringing in all of their old pals from the past and trying to implement what they did at Bear Stearns or Lehman Brothers (that worked out well for those firms!) a toxic culture exist even though you had some great people working there due to terrible management."
Current Employee - Anonymous Employee says"Toxic culture, terrible work/life balance, extremely hierarchical, some colleagues treat others so badly that I can't even believe what I see and hear sometimes."
Former Employee - Anonymous Employee says"Hours were bad. Management's favored employees get preferential treatment and the unchosen ones are treated poorly. Life/work balance is poor."
Current Employee - Anonymous Employee says"Would give zero stars if I could. Terrible and toxic culture. My group was run with a reign of terror where the head was looking for any reason to cut people’s bonus. The secretary would even spy on people to see who left early by relative terms (not early for a normal group) for the day. Some in management are really only in it for themselves and are creating a terrible work culture."
Current Employee - Associate says"- Sweatshop - Management does not care about the people or junior bankers - Long hrs - regular 100 hour weeks... and bonuses are arbitrary - No development opportunities - Hiring and promotions are based more on connections than merit - Major old boys network - No one cares about junior employees... strongly don't recommend Guggenheim Securities"
says"COO in the investment bank is awful and the culture that the firm promotes is terrible. The senior team consists of a bunch of fake people that don't care at all about your development as long as they are making money. Management, managing directors are bad people for the most part. Additionally the firm has a poor reputation amongst the analyst class and people are constantly looking for exit opportunities, which few exist"
Former Employee - Anonymous Employee says"Where do I start right at the top - no management leadership SKILLS period - with any management from IT, HR and Financials - Upper management do not understand how the backbone of the company operates and do not want to. I watched the best people get up and walk out and nothing is done to keep them and work out the situation."
Former Employee - Anonymous Employee says"This company as a whole is a great company but some of the managers within this firm make it difficult to believe Guggenheim is a great company. Particularly within the Voice Services team where a manager micro-manages and has no technical understanding on how to improve the user experience. The management within I.T. needs major changes if Guggenheim ever expects to improve its Voice network. I would not recommend this company to any Engineer looking for a new opportunity. I would pass…"
Director, Portfolio Manager (Current Employee) says"Management is incompetent. The focus there is on ego rather than finding new, innovative ways to make money. Ideas move very slowly and change only happens after something breaks. Avoid at all costs. Comp also sucks there."
Director (Current Employee) says"Because these managers have no experience, they have unrealistic expectations of their employees. This sets people up for failure and creates a terrible work environment. I (and others) learned the hard way that you can't trust anything management says. I never knew where I stood and I suffered anxiety attacks on a regular basis. HR is not helpful."
IT (Former Employee) says"Great work colleagues, collaborated effectively, great salary. Poor management the company is just after making the quick and fast dollar. They do not and will nto recognize the backbone of the company, so these groups get overlooked. The hiring of upper management is something to be desired resulting in poor judgement, no direction with a closed door policy and as HR is not knowledgable enough no progress is made to train these managers or interview them effectively.Great working peers, great pay, great benefitsBAD Culture, Poor very poor management."
Travel and Entertainment Expense Analyst (Former Employee) says"Management was a train wreck. I would not work for this company again because my experience left such a bad taste in my mouth. Do your research before you apply with this company.LocationManagement Style"
Administrator Assistant (Former Employee) says"It's was a great position did I had at Guggenheim but the pay was not great it's was not fair they don't treat people with respect and will not help you"
Executive Assistant - Finance (Former Employee) says"People are cut throat Not sure about how it is now but 5 years ago it was not the best in terms of work culture. Hostile work environment to the fullest"
Vice President (Former Employee) says"Investment banking division betrays the Bear culture. Division 3. Leadership and values a distance away from reality. Seniors very political and it cascades down the groups and teams. Poisonous culture, SMDs telling juniors to not share information with colleagues solely for own advancement."
Sr. Desktop Analyst (Former Employee) says"Guggenheim was a hard place to work at as IT management does not lead there teams nor did they help you grow as a Tier 2 Technician. They also never described expectations. If you want a secure and worthwhile opportunity then I would highly recommend you stay away from this company and friends and favorites or more of the culture than actual work and the vision for the company"
Vice President, Corporate Solutions (Former Employee) says"There are many "Bosses" in the organization and very few leaders. Competency and hard work are not rewarded. And opinions and different ideas are not valued.Good PayPoor leadership"
Performance Associate (Current Employee) says"Very little room for career growth and development. Most departments are very silo'd and there is not a lot of opportunities to collaborate with different groups across different business functions."
Vice President (Current Employee) says"Management claims flat structure and only promote people who they want to. Good flexibility with stressful deadlines. No training is given for employees job growth. Only certain type of employees are promoted in this company."
Senior Associate (Current Employee) says"I've worked at Guggenheim for several years and it is only getting worse. I have no faith in management to point our organization's operational teams in the right direction. There is no standardization so every day is just one massive fire drill. The compensation and benefits are great but it doesn't make up for the awful culture. Some groups are allowed to do whatever they want with no repercussions while others are blamed for issues that are not their fault.Great compensation + benefitsTerrible culture"
Investment Analyst (Current Employee) says"Management is not responsive to employee needs. The environment is often abusive and stifles development. Thorough changes from the top down are required to improve the situation."
Senior Executive Assistant (Former Employee) says"Great experience with top level executives and insight to the startup investment banking world. Very competitive and strict work environment and a lack of diversity amongst company."
Analyst (Current Employee) says"Good pay. Centrally located in West Loop. Near Union Station. Culture is different throughout departments. Management needs improvement and better communication."
Executive Assistant (Former Employee) says"I Worked as An assistant to 6 managing partners with heavy calendar management, travel and expenses, event planning and coordinating Conferences. The people were nice, but it was lacking structure in policies compared to other firms I have worked for.Free Snacks and beveragesCompany police not very clearly defined or enforced"
Investment/Operations Assistant (Former Employee) says"Little Opportunity for advancement, management not very good."
Senior Analyst (Current Employee) says"It has been a good learning experience till now with Guggenheim Partners. There is a healthy work culture in the company, which is conducive to an employee's personal growth."
Trade Operations Senior Associate (Former Employee) says"Rapidly growing company that continually is taking on new business. Fun work environment with friendly outgoing people. Currently experiencing growing pains and management structure issues that coincide with such a rapidly growing group."
Managing Director, Distressed Credit Sales (Former Employee) says"Nice place to work. However significant management turnover distracted from the mission. Worked with smart people. Great opportunities to travel. Well respected in the industry."
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JOFDAV.com says"Investment Summer Associate (Buy Side), 2021 at Guggenheim Partners in Santa Monica, California | Disabled Person https://t.co/Ig3emeshQP"
Beef Ent. says"RT @MarcelCardenal: The Billion Dollar #HedgeFund Club: Who’s Up, Who’s Down. #Bridgewater Associates, #Renaissance Technologies, AQR Capit…"
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