40|86 Advisors reviews

2.3

32% would recommend to a friend

(18 total reviews)

Eric R. Johnson

61% approve of CEO

46% positive business outlook

40|86 Advisors has an employee rating of 2.3 out of 5 stars, based on 18 company reviews on Glassdoor which indicates that most employees have an average working experience there. The 40|86 Advisors employee rating is 38% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

18 reviews
1.0
Aug 17, 2013

Don't Stay More Than 2-3 Years

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

They will pay for study materials for any type of certification test. If it is your last option, you can get a year or two of experience coming out of college, but upward movement at the company is very limited so I wouldn't want to stay longer than two years.

Cons

All of the junior employees are micro-managed and their input is rarely asked for and never listened to. Leaving work early for personal reasons and taking vacation is look at negatively. There is a sense that if you don't staying until 6:00 then you aren't working hard. Mid year and year end reviews serve no purpose in determining what kind of raise or bonus you will get. Don't expect to get more than a 1.5-2% raise every year and what the president thinks of you will decide your bonus. Very high turnover in junior roles results in people having to perform multiple rolls until a replacement can be found. Doing these extra jobs is hardly ever noticed or rewarded. Management has little idea what work their employees do on a daily basis and only care when it could make them look bad. Many managers will take credit for what their employees do in order to get better bonuses and won't pass along any of the benefits to the employees actually doing all the work. The president will walk around the office all day disrupting everyone while they work. He also will look at your computer screens to make sure that you are working. This will happen at least 15-20 times a day. Hard work and merit hardly ever get factor into an employee getting promoted. The only time someone will get promoted is when someone quits, which is fairly often, and the president considers you to be "on his team". If you are in a back office roll, keep you expectations very low for year end raises and bonuses since those departments are looked down on by the president. No matter how much time and effort you put in, you will likely be disappointed. There is hardly any turnover in higher level positions which greatly limits the amount of upward movement a new employee can expect with their 40|86 career. Hardly anyone will express their opinions or ideas if they disagree with the president for fear that he will take away their bonus. This leads to a very narrow thought process throughout the company and also kills any good idea someone may have.

1.0
Mar 2, 2014

Not recommended

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

You will receive a steady paycheck. Plenty of coworkers are great. Location is ideal for a family, in a safe suburb.

Cons

The other posters are correct with regard to the toxic culture. There has not been a favorable review in over 2 years.

1.0
Jan 21, 2013

Dreadful company to work for long-term!

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Junior employees get a chance to learn the business. There are many nice people who work with me. Due to the extremely high turnover, it is a great company to use as a stepping stone--we are always hiring!

Cons

Senior management has established a toxic company culture. Performance is more tied to being liked by certain people my work ethic.

Viewing 4 - 6 of 18 Reviews

Glassdoor has 20 40|86 Advisors reviews submitted anonymously by 40|86 Advisors employees. Read employee reviews and ratings on Glassdoor to decide if 40|86 Advisors is right for you.