3.0
24 Nov 2021
Former employee, more than 5 years
New York, NY
Recommend
CEO approval
Business outlook
Pros
AB is a very respected asset management firm, which has many great products. It completely rebuilt from almost death experience in 2008-2009 and was doing quite well until ill-advised decision to move to Nashville.
Cons
The move proved to be completely stupid idea, as it didn't save any money but instead pushed out a great number of talented and experienced employees. AB was forced to dramatically lower its standards and hire a lot of unqualified people for open Nashville positions. Even that proved to be insufficient and turnover spiked dramatically recently in both Nashville and NYC. Only market at all-time high keeps them afloat and as soon as it slows down or turns around AB will crash.