Capital Group reviews

4.0

73% would recommend to a friend

(2,299 total reviews)
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Mike Gitlin

80% approve of CEO

71% positive business outlook

Capital Group has an employee rating of 4.0 out of 5 stars, based on 2,299 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Capital Group employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
2.0
Jun 5, 2018

Marketing is on a high speed crash train

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Smart, capable and talented people work here in grunt work positions. Facilities are stunning and inspiring. At times there is great work/life balance. Bonuses and retirement package are top notch and the only thing keeping many there during incredible times of turbulence.

Cons

What was once a place of respect and collaboration has quickly slipped into an oligarchy with more brown-nosing and backbiting than you can fathom. Notice any positive reviews are coming from senior managers, on a campaign to clean up the ratings here. Work is expected to happen at double speed, with little to no support in proper channels to complete with any level of success. More senior management is getting hired when there aren't enough associates to complete the work. You are expected to answer emails all weekend and on all vacations. Autonomy and ownership of work is non-existent anymore. Structured agile, not functioning agile. Teams are too large to be nimble so you become reduced to email answering cogs.

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Capital Group Response
7y
Thanks for sharing your feedback. We’ve been making some changes that we believe are positioning us to make Capital Group one of the best places for marketers to work. That said, as with any changes, there have been bumps in the road during implementation. We’re doing our best to minimize disruption and maintain our focus on what we love about Capital: our people, our culture, and our environment. We truly appreciate your comments. They provide us with insight as we navigate through innovations.
3.0
Apr 3, 2019
Recommend
CEO approval
Business Outlook

Pros

Please note - this review is about American Funds Service Company - Shareholder Services (AFS) in Irvine California. Some of the review may not apply to any positions at headquarters in Los Angeles or other sites in the United States or abroad.. Awesome Co-workers Great Retirement Benefits Beautiful Compass Wonderful Reputation in Financial Services Industry When I started working at AFS - It was an amazing company - large corporation, but with a family feel and take care of your people attitude. While it is a large department, AFS is largely a flat organization, so the possibilities to move upward within the department are limited - Associate, Manager, and Sr Manager. So the possibility of career development is largely only available to moving out of AFS. That being said, the work can be challenging dealing with frustrated clients and investment advisers. The pay is quite respectable for a phone and processing center. AFS does require overtime when they are busy or understaffed. They attempt to offset this with "voluntary" overtime, but at times, they do require all associates to put in some required overtime. While required over time is not liked by any associate, the overtime pay helps numb that pain. The more overtime you do, the larger the contribution to your retirement plan and your bonuses. This is not always realized, but it's nice to see it when it comes in and really builds up over time. There is a significant amount of training involved. For some the material is easy, but for others, the concepts, services, and products are really over their heads. They do a fair job of helping associates understand the concepts with additional support for a limited time (maybe 6 months or so) but after that it'll become an issue if you can't grasp the concepts or processes. The Irvine compass is beautiful and has great cafeteria for you to purchase lunch if you want. If you commute by train, you'll develop some close friendships and bonds commuting back and forth and getting to know people outside the office. Irvine has a shuttle that picks people up at the Irvine train station and drops you off right in front of the Capital Group offices, so it's super convenient. There isn't much of interoffice socializing . A lot of people commute a long way and most days people just want to go home. Happy hours and outside social events within the department are pretty much non-existent. The department tries to keep motivation and moral up with some on campus social events, potlucks, and providing some meals and snacks for special occasions or as reward for doing the overtime. Not everyone appreciates these things, but it could be nothing - so take those complaints in stride. It's certainly something that they don't have to do. Overall, this is a great place to start your career in financial services. The training is good and the reputation about the company will serve you well if you stay in the financial services industry. It will also be some of the greatest associates you get to work with. Lot's of great associates that you can build good working relationships with and if you're lucky, some good life long friends.

Cons

Within the department, the attitude has shifted from family and promoting within, to more micromanaged, cut throat, and promote from outside. More and more, the business as a whole seems to hire from outside to fill positions in various other departments as opposed to giving associates the opportunities to prove themselves. It can not be over emphasized that you should heed all the warnings about "speaking your mind", "tell us what you're thinking", "share your observations", "we have an open door policy", "we are very receptive to feedback" and any other variation of those thoughts, ideas, and concepts, because in the end, those are just key words for "open up to us so we can make a judgement about where you're going to go in the company and whether or not we like you". Once you show your hand, your reputation is cemented and no amount of time or change in your behavior will change their opinions in this department. Managers seldom move, Sr Manager never move - so whatever they think of you, is what they think of you. Don't be fooled by the fake compliments, "Kudos", rewards, free lunches, or utilization as a "resource". If you aren't being given opportunities within a few years, they've already made up their minds about who you are and where you're going within the company. Like many reviews have said, AFS doesn't really care about your thoughts or opinions. Whatever you do, don't complain. Maybe you can provide "suggestions", but watch your tone. Consider your delivery method (face to face, privately, in an office, on the floor, or via e-mail) and how it could be perceived by others. Don't be fooled by the rhetoric of accepting feedback or by whatever response Capital Group will provide in response to this opinion. AFS is interested in one thing and one thing only - support whatever idea upper management comes up with, no matter how silly, dumbfounded, and unrealistic it is. If you work there long enough, you will see a change from one process to another and then back again. Mostly a repetition of previous ideas and processes, wrapped in some new meaningless, see through wrapper. So when you see it - smile and exuberantly praise what a great new and fantastic idea is it. Don't be surprised when the process is changed, revised, or reversed weeks, months, or years later. Within AFS, the department is not interested in leaders. They want followers. It's bred into the culture from Senior Management down. Leaders are too disruptive to the status quo within the department. Original ideas - truly and genuinely original ideas about managing associates or the department - are not really well accepted and if they are - expect them to be stuck within the cogs of reviews, analysis, and clarification. The wheels of change move slowly. Ironically, it doesn't seem that the same amount of analysis or clarification is utilized for some of the initiatives that management push forward to the associates. Managers over associates can seem duplicitous. While seeming to care, they are also sometimes the first ones to deliver a negative perception about the associate. Sr managers rarely take the side of the associate, mostly because of limited interaction. So be aware that if you want a new perception from your Sr Manager, start having those one on one meetings with your manage and include the Sr Manager in those meetins. Also, think about setting up maybe quarterly check-ins with the Sr Manager to help develop your interaction and career. Again, be careful. This approach while seemingly almost necessary is a double edged sword. Also remember to have your "work face" on - be prepared with clear ideas that you want to convey, don't get too personal, emotional, or passionate about anything. There are some managers that really do care and support their associates. But there are seemingly more that are only interested in pushing their career objectives and answer to their boss, that it makes the good ones difficult to identify. The greatest incentive they offer and keeps you tethered to the job, is the retirement plan. 15% of your gross income. That being said, I would encourage you to leave on your own terms and don't sit around wasting your time for 6 years for the retirement plan to be vested before leaving. While it is a great benefit, it's also one of the major incentives to stay, but remember, it's not your money, so anything you walk away with is free money. Other companies may offer matching or better overall compensation packages if you know what you are looking for.

2.0
Feb 28, 2019
Recommend
CEO approval
Business Outlook

Pros

-Excellent retirement plan -Great health insurance -Great bonuses for exempt and exempt-equivalent associates -Generous vacation policy

Cons

-It’s really challenging to move up in this organization. Lured by the prospect of a fabulous retirement plan and decent work-life balance, CG routinely hires ambitious people who are often overqualified for the roles they’re in, which is actually a recipe for disaster when you consider how little room there is for upward mobility. Since most of us are working in what are essentially dead-end jobs and smart enough to realize it, management stresses that we should try to grow horizontally rather than vertically by moving across groups or doing a temporary rotation with another team. However, even the lateral moves feel almost impossible to get. A colleague of mine got a rotation and found out that about seven or eight other people had applied for it. It wasn’t a particularly attractive role, but there was a lot of internal competition for it. Also, even if you do apply for a permanent role as an internal applicant, you’ll be subjected to the same ridiculously lengthy interviews as an external applicant. It makes no sense — shouldn’t your years of great reviews actually count for something? I applied for an internal role and did not get the impression that they had reached out to my manager to discuss what kind of employee I was or that they had looked at my reviews. Shouldn’t there be some sort of benefit to having a proven track record as an employee? -Management can be ridiculously condescending about the lack of opportunities for associates. A top lady in HR closed out a big conference one time by saying something along the lines of, “If your career is in the shadows, that’s because that’s where you have allowed it to be.” It was probably the most tone deaf thing I’ve ever heard. I couldn’t even believe it came out of the mouth of someone in HR. It’s completely fair to put responsibility on associates for speaking up and raising their hand when they would like to be considered for opportunities. But as described above, if you have roughly 8-10 internal applicants for every halfway decent rotation, some people are bound to be disappointed despite making their best efforts to get their careers out of “the shadows.” Be a little more considerate of the frustration that some of us are feeling. -Managers will critique the most inane details of your job performance. They sift through emails that associates send (even internal emails) and question the most minute things. I’ve had emails go through three levels of review before being sent out. It is ridiculous. -Hope to God you never get put on a huge project that moves at a snail’s pace. I’ve attended meetings where it took almost an hour for people to learn that the key decision makers weren’t even invited to the meeting. -The work in my group isn’t very challenging. This might just be my specific group, but I don’t feel like I’ve learned as much as I have in previous outside roles.

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Capital Group Response
7y
We never enjoy reading reviews like this, but we appreciate you sharing your experience. Career development can be challenging – there is no one-size fits all approach, particularly at a company like Capital where an associate’s career path can take many forms. We’ve had to get creative in how we talk about careers at Capital, which in many cases involves building up a set of skills and experiences that ready you for when that next role becomes available. The good news is we do have options and resources you can explore. I’d recommend talking with your manager about what you want to learn more about, what roles across the company excite you and how he or she can help support you in networking and/or developing the skills you’ll need. Many groups offer rotational programs so associates can try out different departments and teams and gain new experience and relationships. Networking with leaders outside of your group can often lead to new opportunities and help you identify a variety of mentors who can provide valuable advice about your career. And you can always leverage our in-house learning platform for inspiration about how to navigate your career at Capital.
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