At least 30 mutual fund firms and ETFs shops are among the best asset managers to work for, according to the folks at a trade publication focused on the institutional asset management and defined benefit space.

Mary Ellen Bolger Stanek Robert W. Baird & Co. Managing Director, Director of Asset Management

Last week, Crain's Pensions & Investments team revealed the winners of their The Best Places to Work in Money Management 2024 awards. This is P&I's 13th annual iteration of the list.

To create this year's list, the P&I team partnered with Workforce Research Group to gather data through questionnaires (filled out by asset managers, i.e. employers) and engagement and satisfaction surveys (filled out by asset managers' employees), with the employee surveys accounting for 80 percent of the scores that went into the final rankings. Firm eligibility requirements include having at least 20 U.S. employees and at least $100 million in discretionary institutional AUMA.

Many of the winning asset managers are fund firms. Baird Asset Management ranks first in the "large employer" category (asset managers with between 100 and 499 U.S. employees each). First Eagle Investments ranks first in the "major employer" category (firms with between 500 and 999 U.S. employees each). And Neuberger Berman ranks first in the "super employer" category (firms with at least 1,000 U.S. employees).

Schwab Asset Management ranks second among major employers, while WisdomTree ranks second among large ones. PGIM ranks third among super employers.

Lord Abbett ranks fourth among major employers. Polen Capital ranks fourth among large employers. And Principal Asset Management ranks fourth among super employers.

Brandes Investment Partners ranks fifth among large employers, while Franklin Templeton ranks fifth among super employers. T. Rowe Price ranks sixth among super employers, and Voya Investment Management ranks seventh.

P&I's 2024 list also includes a number of unranked winners, including some more fund firms: AQR Capital Management; Ariel Investments; Franklin's Brandywine Global Investment Management and ClearBridge Investments; Cohen & Steers; Crossmark Global Investments; Diamond Hill; Eventide Asset Management; North Square Investments; Parnassus Investments; Pzena Investment Management; Ramirez Asset Management; RBC Global Asset Management U.S.; Resolute Investment Managers (home of American Beacon); Shelton Capital Management; Trillium Asset Management; and William Blair Investment Management. 

Edited by: Neil Anderson, Managing Editor


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