Pros
You gain a lot of experience and exposure to smaller clients. Lots of opportunity to gain retail sales experience.
Cons
Lots of people get away with doing absolutely nothing at the company and get paid way too much to do so. Leadership is absolutely 100% ignorant and doesn’t understand how to do this properly. Everything is a fire drill and sales goals are driven by the whims of people who don’t accept reality of the markets or what clients really want. No one is willing to take blame when things go wrong, which they always do. Employees dread going to work and become increasingly more depressed as they continue working for the firm. Many long time employee have no other options and are stuck at the firm for various reasons. Couldn’t recommend working for Alger less—eventually you get to a point where you feel like you’ve lost yourself and your soul, you have low morale, and you begin dreaming about the day you can quit. Bonus structure is also completely skewed towards people with larger territories and is dependent upon your wholesaler’s ability to perform their job, so if you get stuck with an underperformer you are out of luck.