DO NOT WORK HERE - TERRIBLE COMPANY - Anonymous employee Neuberger Employee Review

1.0
Jun 2, 2020
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The 15% 401K match was good. Other than that, nothing.

Cons

Where do I even start. How about with the ILLEGAL hiring practices that go on (a.k.a. discrimination based on ethnicity and medical status). You think I'm kidding? I've seen it and heard it first hand, not from my own personal interview process, but from being involved in new hire interviews at Neuberger. The comments behind the scenes regarding why a person was or was not getting hired revolved around ethnicity and medical status. I couldn't believe what I was hearing. Speaking of hiring, how about the fact that they hire you under one job title and then after you accept the job offer, they switch your title to something less desirable. When you start, there is no training. The only way you figure out what you are supposed to do is by doing your best with no information and then getting chewed out in front of the entire office on day three of your job for doing it wrong. That leads me to my next comment which is about the incessant verbal abuse you get from upper management on a daily basis. I have never seen more pathetic, inexcusable management styles than those at Neuberger. Upper management does not know how to have a civil conversation. Their only form of communication is yelling and screaming. They will also use anybody underneath them as their own personal scapegoat. You will get blamed for things that you had ZERO involvement in, and you find out that you got blamed for these things when you get a flood of emails from more upper management chewing you out for something you had nothing to do with. And if you try to politely but firmly explain that you had nothing to do with it? They will yell at you for not taking responsibility and for being defensive. Your reputation will get slandered at the hands of others. Talk about being trapped with no way out. And don't expect HR to do anything about these problems. They are well aware of them, yet they still don't take any action to correct them. Also, the NY office seems all dandy, but any other Neuberger office gets brushed under the rug. Anybody not in the NY office will tell you that. Part of the benefits package doesn't apply to people outside of NY, and only employees in the NY office have any sort of formal training / welcome to the company. So spare yourself, don't work at Neuberger. You can do better. This company doesn't deserve to have you.

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5.0
Jun 13, 2026
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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
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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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