Neuberger Berman’s Recognition in Money Management
Neuberger Berman, a private investment management firm recognized for its commitment to employee satisfaction, has once again triumphed. The firm achieved the top position in Pensions & Investments’ 2024 'Best Places to Work in Money Management' ranking, showcasing an exemplary workplace culture among companies with over 1,000 employees.
A Proud Tradition of Excellence
This accolade marks Neuberger Berman's 11th year in the top rankings, reflecting its continuous effort to prioritize employee engagement and satisfaction. Heather Zuckerman, the Chief of Staff, expressed pride in this acknowledgment, stating that it is a testament to the firm's focus on both client and employee expectations.
Commitment to Employee Ownership
Celebrating 85 years in the industry, Neuberger Berman has also enhanced its employee ownership structure, allowing more employees, including vice presidents, to become equity holders. This strategic move signifies the firm’s commitment to inclusivity and shared success, with around 30% of employees now holding an equity stake in the company.
High Retention Rates
Moreover, the firm boasts an impressive 97% retention rate among its investment professionals. This remarkable figure not only reflects a supportive work environment but also underlines Neuberger Berman’s investment in the growth and development of its employees.
Insights on Workplace Culture
Pensions & Investments, a reputable source in the field of money management, assesses companies through a rigorous two-part survey. This process evaluates workplace policies and practices, as well as gathering employee feedback to measure their experiences. The recognition given to Neuberger Berman showcases its effective workplace culture, which nurtures talent and fosters progress.
Industry Impact and Recognition
As highlighted by Pensions & Investments’ Editor-in-Chief, Julie Tatge, Neuberger Berman’s ranking underscores a deep commitment to establishing a robust workplace culture that facilitates the success of employees and clients alike. The firm's culture is seen as integral to driving outcomes in the competitive landscape of money management.
Research Partnership Benefits
The collaboration between Pensions & Investments and Workforce Research Group, which specializes in work culture assessments, provides valuable insights into what makes an organization a top employer. This partnership enhances the credibility of the ranking process, ensuring that the firms selected genuinely represent the best in the industry.
About Neuberger Berman
Neuberger Berman, established in 1939, is an independent investment manager with over 2,800 employees across 26 countries. Managing $509 billion in various investment portfolios, the firm upholds a philosophy centered on active management and fundamental research. Recognized for its excellence in environmental, social, and governance practices, Neuberger Berman consistently earns top accolades in workplace recognition for investment firms.
About Pensions & Investments
Pensions & Investments has a long-standing reputation as a leading global news source for money management and institutional investing. Their insights serve executives at retirement plans, endowments, and foundations, helping them navigate a complex financial landscape.
Frequently Asked Questions
What is the significance of Neuberger Berman’s ranking?
The ranking showcases Neuberger Berman’s dedication to creating a supportive workplace culture that values employee satisfaction and engagement.
What changes has Neuberger Berman made to enhance employee ownership?
The firm has expanded ownership eligibility to more employees, fostering an inclusive environment and allowing vice presidents to hold equity.
Why is employee retention important to Neuberger Berman?
A high retention rate indicates a positive work culture, essential for nurturment of talent and continuity in service quality for clients.
How does the Pensions & Investments survey work?
The survey evaluates both workplace policies and employee experiences, ensuring a comprehensive assessment of participating firms.
What does Neuberger Berman’s success in rankings mean for the industry?
It sets a standard for other firms, highlighting the importance of employee well-being and powerful workplace culture in achieving business success.
