Mutual Fund Accountant - Mutual Fund Accountant Neuberger Employee Review

1.0
Jul 14, 2016
Recommend
CEO approval
Business Outlook

Pros

Pay was okay. Good health benefits. 15 day vacations until you hit 5 years. 401K is great.

Cons

The Mutual Fund Accounting department sucks and everyone within it wants out, except the managers/exec. The managers and executives in the FA dept keep getting promoted to roles that don't exist and are made up, while the base accountant and seniors don't move. The FA department is experiencing layoffs, due to the butt backwardness of management. The firm overall is very clique and pretentious. Was once a great company before Lehman bought them, then the firm fell down the crapper. I hope this review helps to save yourself from torture in the workplace and waking up wanting to quit everyday.

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5.0
Jun 13, 2026
Recommend
CEO approval
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Pros

very friendly people and atmosphere

Cons

no other interns on same team

3.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Truly Nice People. Company does listen when possible and tries to make work bearable. Excellent retirement matching

Cons

Employee owned structure means that there is long tenure for management senior staff and minimal upward mobility. Organization is framed as a matrix, but there is a strong power hierarchy-entry level employees and administrative staff shoulder disproportionate responsibility relative to pay compared to peer firms. Entry level employees are viewed as replacable and there’s a relatively high level of attrition at the VP level and below. Coordinator role is not well defined and is often silo’ed from opportunities within department. Coordinators within wealth management and other roles that require licensing are given the opportunity to take exams, but sponsorship is a courtesy and very few get realistic experience. Systems are blue chip, but poorly executed. You will routinely get asked for the same information multiple times a day from different departments because there is no centralized information system.

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