Wellington Management reviews

The company used to pride on it's culture but with industry pressure and some bad investment decisions, expensive hiring and unnecessary expenses, the culture has gone down hill. The morale is low and many people are looking to leave. The new CEO is to be blamed for a lot of this as the company also went through it's first round of layoffs ever. Promotions are impossible unless you are amongst the top 2% or a minority that will help their diversity numbers look good (yes, women & people of color/LGBT+ have a good chance). Managers have been asked to fake reviews to make a PIP list and be prepared for additional layoffs, even if the employee is meeting expectations. Trading and Investment teams are obviously more valuable. The Infrastructure group is run poorly as they have very smart people who are not treated unfairly. Some of them are the smartest in the firm but don't get promoted (or mentored) since management is biased. If you don't get promoted every 4-5 years, you are labeled as someone who will never be promoted again (time for you to leave)!

Where do I start. Culture is a cult and no longer exists - if you are looking to work here and culture is the deciding factor, please reconsider. On the day to day, the individuals I worked with across departments were great and tried to perpetuate the culture where they can but unfortunately senior leadership is undermining any remaining shred of the "Wellington Culture." Mismanagement has lead to all-time low in morale and the recent RIF (layoffs) will be the final nail in the coffin for those of us left. Player/coach management model doesn't work and there are too many senior department heads who play the game to be promoted vs. having the correct skills to lead/positively change departments. If you are not an investor or a salesperson, you'll be ignored and underpaid.