Formed in 1998, Fortress Investment Group is a leading diversified global investment group that manages assets worth more than $36.1 billion. They manage assets for over 1,750 institutional clients and private investors worldwide across credit, real estate, permanent capital and equity investment. Fortress Investment Group is also home to 953 asset management employees, which include 216 investment professional based out of New York with affiliate offices all around the globe. Learn more about Fortress Investment Group at therealdeal.com
That said, what are employees saying about the firm?
With any organization, employees are at the center of everything they do and it’s no secret that a happy employee results in happy clients.
Is that the case with Fortress Investment Group?
To answer these question I sifted through the firm’s Glassdoor page to better gain a sense of what it is like to interview for a position, general employee impression about the firm and thoughts on benefits offered.
When it comes to interviews, the firm utilizes various methods to carry out interviews. This includes over the phone, video-based (such as Google Hangout) and more traditional in-person interviews. Overall, the census is that a majority of interviewees walked away with a positive experience.
One reviewer who had applied for an operations/invoice processing position stated they interviewed after a week of applying with no tricky questions in addition to a basic job description of what responsibilities they would have. A second individual indicated the process was easy, and as a freshman in college landed a summer intern position even though there was no formal application for the position.
Working for Fortress Investment Group, many would recommend to a friend. For one current employee, they wrote, “great people to work with…across the division. Further, collaboration between teams is easy, [and] the flat organization structure helps promote communication across the team.” Another added that “management is great, internal HR [is] exceptional, [and] you get a chance to know different industries.” Working for the firm turned out to be a great experience for many who left a review and their CEO was also rated very highly which reflects positively on the company overall. A user that interviewed for a Vice President position wrote “all people I interviewed [with were] friendly and easy to talk to. Group has a laid-back atmosphere, but team members are smart and professional.”
These reviews bode are great for the frim and generally seem very diverse in background and experience across the board.
Lastly, Fortress Investment Group was rated highly regarding benefits. They offer “amazing medical insurance, dental, vision” and their “401k is very strong”.
Even with this brief dive into what it is like working with Fortress Investment Group, I think it is safe to say they are a great company to work for once you get your foot into the door. They offer many challenges and many great benefits to their employees. Last but not least, I want to add that everyone will have a different experience, but let this be an idea of what you could expect.
Being delisted from the New York Stock Exchange is not something that most companies would get. excited about, but so far it has been good news for Fortress Investment Group. The alternative asset management firm was bought by SoftBank at the end of 2017 and has been making business decisions that are more conducive to growing long-term instead of making their shareholders happy. The company has been known for its unique investment decisions since its founding in 1998 by Rob Kauffman, Randal Nardone, and Wes Edens. While Wes Edens and Randal Nardone are still Principals of Fortress Investment Group, Rob Kauffman has left the company to pursue other opportunities and Peter Briger was named Principal.
Peter Briger first joined Fortress Investment Group in 2002 as a member of their Management Committee. He was then named to the Board of Directors in 2006 before being elected to Co-Chairman in 2009. Before Briger began working at Fortress Investment Group he had been with Goldman Sachs for a decade and a half and had been named Partner of the firm since 1996. He graduated in 1996 from Princeton University before attended the Wharton School of Business at the University of Pennsylvania where he earned his MBA. In addition to his positions at FIG, he is part of the Board of Advisors at Center for a New American Security, an Advisory Board Member for CNBC, and a Board Member of Tipping Point Community.
SoftBank was able to complete its purchase of Fortress Investment Group for $3.1 billion but they have allowed the firm to operate essentially independently. SoftBank had expressed an interest in becoming a leader in the world of finance and the purchase of FIG allowed them access to the years of experience that the company has. They are known to be innovators who are well-versed in adapting to changes in the market. The company was private for almost a decade before going public in 2007 with an IPO on the New York Stock Exchange. With the changing regulations and conditions of the market with public companies, being purchased by SoftBank has been a mutually beneficial arrangement.
Learn more about Fortress Investment Group: https://www.fortress.com/contact