Ray Dalio Sucks Customer Reviews and Feedback
Raymond Thomas Dalio ,born August 8, 1949, is an American billionaire hedge fund manager and philanthropist who has served as co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Within ten years, it was infused with a US$5 million investment from the World Bank's retirement fund. Dalio was born in New York City, and attended C.W. Post College of Long Island University before receiving an M.B.A. from Harvard Business School in 1973. Two years later, in his apartment, Dalio launched Bridgewater. In 2013, it was listed as the largest hedge fund in the world. In 2020 Bloomberg ranked him the world's 79th-wealthiest person.
On February 2020 a former employee wrote a review for indeed about the stressful it was to work at Bridgewater Associates ( that is a ray dalio company): Radical Transparency mindsets very difficult for experiential candidates and new employees coming from other firms. Very stressful environment and very fast paced. Not for everybody.
Senior PMO Manager Project Management (Current Employee) says"Culture is horrible. it is a double standard company."
Treasury Manager (Current Employee) says"Bridgewater's unorthodox culture becomes a second full time job. Employees there spend more time rating, judging (and demeaning) each other, than they do on actual work. Employee's thinking abilities are constantly judged and assessed by peers and superiors who have no qualifications or background in psychology, analytical psychology or social & behavioral sciences. Yet this kind of subjective feedback is given by under-qualified individuals that ends up getting memorialized on record, that may or may not impact things like grades, ranking and compensation. The principles and ideas on paper look ingenious however when put into practice, they tend to fail in a spectacular way, as the culture is not uniformly implemented throughout the company. Cons: Culture becomes a second, full time job, Bureaucracy, Poor Management, indecisiveness, lack of advancement."
Production dba (Former Employee) says"Crazy culture, not as advanced with technology as one would expect. Bizzare company principals claim to support innovation and excellence when in reality it just elevates a mob rule pack of inferior strategies to be used to crush truly advanced capabilities. Hi pay keeps people working, caustic work culture ruins personal lives. Never worked with such a large number of overworked divorced"
Global Hedge Fund Leader (Former Employee) says"Terrible place to work (period). The culture that Ray Dilio has tried to create has evolved into a bunch of narks trying to bully others at every minute of the day. I hated this dump. Cons: Everything Else."
Senior Management Associate (Former Employee) says"The money isn't worth it. I'm really trying to think of how to review Bridgewater as negatively as possible without making you think I'm just a crazy person with sour grapes. The culture is poison, mostly because for managers and leadership the culture means regularly humiliating their employees but never allowing or listening to criticism (even though they say they do)."
Administrator to Talent Leader, Investment Engine Technology (Former Employee) says"Radical Transparency mindsets very difficult for experiential candidates and new employees coming from other firms. Very stressful environment and very fast paced. Not for everybody."
Investment Associate (Former Employee) says"Found work to be tedious, rating system is easily manipulated and there are "principles lawyers" everywhere you look. The best ideas sometimes get overlooked because everyone is so focused on metrics and ratings.They probably don't get overlooked any more than another institution, but it should be far less if the mission was carried out effectively. Blame is a big thing here, getting stuck on blame often leads to hours if not days chasing down who best to blame. One word to describe working here: Trying Cons: see review"
Senior Client Service Associate (Former Employee) says"Didn't feel supported at all. The farther away you get from the inventor of the Principles (Ray Dalio), the more bastardized the interpretation becomes. Speaking to him directly, things make sense. Speaking to a twenty-something right out of college on the same subject leaves you scratching your head. Cons: Tough culture. Need to be very thick-skinned"
Employee (Former Employee) says"Historically great investment company but mediocre at best of late. Culture of radical transparency presents a heavy burden on employees. Terrible technology and overall poor at operations. Compensation and benefits are above average. Cons: culture, owner, technology"
IT Procurement Associate -Software/Hardware (Former Employee) says"The company tended to focus more on psychoanalysis and fault-finding than mental health of their employees. Although the culture is fully transparent in regards to its structure and expectation, the individuals there seemed programmed to believe their culture was ideal for use outside the company. Cons: Culture"
Analyst - Operations (Former Employee) says"Bridgewater Associates is a reputable place that has a long successful track record. However, work/life balance is poor. Also, employees are not compensated adequately for the extra amount of stress that the culture brings. Cons: Work life balance"
Project Coordinator (Former Employee) says"Bridgewater Associates works you like a dog and although they offer perks like free lunch it's only to keep you inside their office all day and prevent you from leaving. It's scorned upon to leave your desk or leave before 6PM."
Project Associate (Current Employee) says"A lot of spinning wheels instead of getting stuff done. "Triangulation" often takes the place of moving forward with a course of action. This may make sense for investing, but probably not for general business management."
SQL server DBA (Former Employee) says"Very secretive company. Cons: N/A - Temp Job"
Program Manager (Former Employee) says"The culture, in theory, makes total sense - get to what is true, root cause analysis and then fix that, be honest with each other, and strive for the best you can be. If only all companies could be this way. But, to be successful, you need to be like a robot and not have any emotional reaction to being criticized (a lot). So, if you are sensitive, you will not do well, if you have no emotions, you will have a head start. Cons: Negative working environment."
Sr. Procurement Specialist / Contracts Analyst (Former Employee) says"The "Culture" and "Principles are good when properly applied but, the problems around those who misuse them can make it a toxic environment."
Administrative Assistant to Head of Operations (Former Employee) says"Bridgewater is very unique in their culture as has been publicized. Those who choose to fight it, fail, while those who also try to embrace it without questioning also fail. The culture envokes an unparalleled journey of self awareness, which in my experience allowed me to evolve more in one year than ever in my life. You can build strong relationships as as a result of the unique culture and it can be difficult if you don't. You need a like minded support system that understands the environment to help you through the extreme difficult times or "valley of despair." Bridgewater is not a place for the faint of heart. Cons: Work/life balance, individuals who abuse the principals"
Senior Manager (Current Employee) says"Challenging place to work. Lots of smart people which forces you to elevate your game. Lots of meetings to talk about things and plan but slow to action. Cons: culture, management overhead"
Training Team Coordinator (Former Employee) says"Couldn't have asked for a better team. Struggled with my manager but worked to get to a compromise. Very unique place to work, you either love it or your enjoy your time and move on."
Project Coordinator, Research Department (Current Employee) says"A typical work day is working anywhere from 10-12 hours a day. People look at you weird if you leave work at 5:00. Hardest part about my job is the high stress levels, pressure to always be on point and working with extremely intelligent people who can sometimes have very big egos. Cons: long hours, high stress, no job security"