Nice Culture, Top Tier 401K Plan, Low Comp - Vice President Neuberger Employee Review

4.0
Jan 12, 2024
Recommend
CEO approval
Business Outlook

Pros

I really like the people I work with, I find them all generally quite sharp and they inspire me to grow. The leadership team is well respected and has been in place for a long time now. The fact that it's privately owned is fantastic and I believe also promotes job security and better decision making. The 401k plan is unmatched, 15% of your comp is funded in your 401k every year, with no vesting period. The "lean" resource model provides no shortage of work/opportunities to fix things and make a difference and be noticed, The size of the firm, while difficult to learn and navigate at first, is manageable as it's not too large. Internal mobility is more encouraged now than ever before. They just lowered the threshold for eligibility to buy NB equity from SVP level to the VP level. High buy-in price though with stringent bad leaver terms.

Cons

Compensation seems far below what I've heard from others, with minimal raises each year that barely keep up with inflation, and an unclear and subjective path to promotion. Senior people don't leave which makes it challenging to rise through the ranks. I think it's a difficult place to build your career, but a great place to join if you are more senior. The lean resource model means there is always a lot on your plate, sometimes too much. No laptops or phones are provided by the firm, everyone is expected to use their personal equipment which is insane to me. Most are 3 days in the office right now, and they are starting to crack down and encouraging more in-office time. I prefer a more flexible schedule. Can be quite old-fashioned - heavy reliance on admins still, technology could use a lot of work, population skews old and white etc. Player/Coach model when it comes to managing - you are expected to do your full-time job while also managing. Also don't expect to manage anyone until you are an SVP. Parental leave policies are outdated and inequitable: primary care is 16 weeks, non-primary is only 4.

Explore other reviews about Neuberger

5.0
Jun 13, 2026
Recommend
CEO approval
Business Outlook

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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