At Baird, 94 percent of employees say their workplace is great.

EMPLOYEE RATINGS

     

This review is based on 1961 employee surveys, with a 90% confidence level and a margin of error of ± 1.17. It was published on Aug 3, 2018. 78482 Visitors

What Employees Say

I feel good about the ways we contribute to the community.
97%
 
I'm proud to tell others I work here.
96%
 
People celebrate special events around here.
95%
 
Management is honest and ethical in its business practices.
95%
 
I am able to take time off from work when I think it's necessary.
95%
 

What They Do

We asked Baird to explain what they do. Here is what they had to say.

We are an employee-owned, international financial services firm with more than $206 billion in client assets. We provide wealth management, capital markets, asset management and private equity services through offices and operating affiliates in the United States, Europe and Asia.

About this Company

Website: www.rwbaird.com Industry: Financial Services & Insurance
US Headquarters: Milwaukee, Wisconsin, 53202 US Sites: 136
Major Locations: Chicago, Illinois, 60606; Seattle, Washington, 98104; New York, New York, 10036; Denver, Colorado, 80206; Scottsdale, Arizona, 85254; Nashville, Tennessee, 37203; Edina, Minnesota, 55435; Houston, Texas, 77024; Dallas, Texas, 75225; Charlotte, North Carolina, 28209 US Employees: 3,294
US Revenues: $1,468.8 million Worldwide Revenues: $1,533 million
Employees Worldwide: 3,412 Corporate Structure: Private
Founded: 1919

Senior leaders share our strategy for 2018 at the Fall 2017 All Associate Briefing

Perks and Programs

We asked Baird to share a few programs they feel really capture what's unique about their workplace. Here is what they had to say.

  • Baird Stock: Baird is independent, private and employee-owned. All associates are eligible to buy stock in the company if they meet basic criteria, and two-thirds of associates are currently Baird shareholders. The Executive Committee individually welcomes new shareholders on stage each year at the Annual Meeting with handshakes, hugs and applause.
  • Baird Cares: The Baird Cares program gives every associate two paid days off each year to volunteer for a nonprofit organization of his or her choice. Informally, managers often approve requests to volunteer that take significantly more time and encourage involvement beyond the Baird Cares program.
  • Baird Gives Back Week: Each year, the firm’s Baird Gives Back Associate Resource Group coordinates a week of group events at charities that provide associates opportunities to volunteer with colleagues, family and friends. In 2018, 1,800 people volunteered and more than 7,100 hours were donated to 149 nonprofits.
  • Flexibility: Baird offers flexibility to associates because it enables them to be their best both at work and at home. Associates take advantage of flexible work arrangements, such as part-time schedules, compressed work weeks or staggered hours, and working from remote/home offices.
  • No Asshole Rule: Baird is so passionate about maintaining its strong culture that it has a “no asshole rule.” The firm does not hire people and will fire people who are disrespectful of others, and screens applicants for indicative behaviors.
  • Associate Resource Groups: Baird associates create programs and advance initiatives in areas they are passionate about through Associate Resource Groups focused on women’s issues, military veterans, diversity, LGBT+ persons and their allies, millennials, the environment and community involvement. Groups provide firmwide programs and development opportunities, and can drive changes in corporate policies and benefits.
  • Associate Financial Advice Team: Baird wants to ensure associates have the guidance they need to create the life they want for themselves and their families. The Associate Financial Advice Team, a group of Baird Financial Advisors solely dedicated to the financial planning needs of associates, provides free financial planning advice and significantly discounted investment services.
  • Intern Benefits: Summer interns receive a paid holiday for the Fourth of July, and may receive a day’s pay for volunteering through the Baird Cares program. Long-term interns receive nine paid holidays, tuition reimbursement up to $500 per year, 401(k) and profit-sharing contributions and consideration for a year-end bonus. In addition, all long-term interns received a $500 bonus at the start of 2018 related to tax law changes that positively benefited the firm.
  • Profit Sharing and 401(k: Baird offers associates profit-sharing and a 401(k) matching contribution. While many firms opt to do one or the other, Baird believes offering both is most equitable for all associates and gives every associate the greatest opportunity to be rewarded for their efforts and to plan for a secure retirement. Baird typically contributes 12-14% of the firm’s annual operating income to the profit sharing and 401(k) savings plan. New in 2018, Baird increased the amount of the 401(k) match from $2,000 to $3,000 annually, and new associates are eligible for the match and profit-sharing contributions the first of the month after their hire.
  • Tiered Health Plan Premiums: Baird associates’ health insurance premiums are based on their compensation level, so that associates who earn less pay lower premiums. There are six tiers, and depending on the tier, Baird pays from 97% to 60% of each associate’s health plan premium.

COMPENSATION BY THE NUMBERS

$3000 Maximum match of employee’s 401(k)/403b contribution76% Company-paid health coverage for employees (for 76% is the average of both medical plans and the 6 pay bands)
76% Company-paid health coverage for dependents (for 76% is the average of both medical plans and the 6 pay bands) 70% Company-paid health coverage for part-timers
24 hours Weekly hours required for part-timers to receive health insurance $1,170 Average Tuition Reimbursement

COMPENSATION PROGRAMS

  • 401(k) or 403b Program
  • Employee stock purchase plan (ESPP)
Our CEO, Steve Booth, serves associates breakfast on Associate Appreciation Day!

WORK-LIFE BALANCE BY THE NUMBERS

27 days Paid time off after one year of full-time employment 22 days Paid time off after one year of part-time employment
24 Days Paid time off as of first day of full-time employment 20 days Paid time off as of first day of part-time employment

WORK-LIFE BALANCE PROGRAMS

  • Flexible schedule
  • Telecommute option
  • Job sharing
  • Compressed work weeks
  • Medical facilities (only at headquarters)
  • Onsite Amenities (Free beverages during the day, personal concierge service, onsite package/mailing service, discount ticket sales, Baird Fit Club (free), hair salon, dry cleaning, banking/onsite ATM, personal travel service, coffee shop, full service restaurant/catering, jewelry store, full service copy/printing, Baird Classifieds sell/purchase goods & services, PerkSpot discounts @ local/national merchants, free parking (select branches), pre-tax parking/mass transit program, access to gym with discounted member rates, onsite showers & locker rooms, on-site clinic at Headquarters, wellness rooms)

FAMILY CARE BY THE NUMBERS

60 days Job-protected maternity leave (including FMLA/STD) 60 days Fully-paid maternity leave (does not include personal vacation or paid time off)*
60 days Average length of maternity leave new mothers take60 days Job-protected paternity leave (including FMLA)
15 days Fully-paid paternity leave (does not include personal vacation or paid time off)*15 days Average length of paternity leave new fathers take
$5,000 Adoption benefit60 days Job-protected parental leave for adoptive parents (including FMLA)*
60 days Fully-paid parental leave for adoptive parents (does not include personal vacation or paid time off)
*Employees are not required to use all their personal paid time off before taking parental leave. All employees are eligible for parental leave benefits.

FAMILY CARE PROGRAMS

  • Lactation room(s)
  • Paid sick leave to care for a child or relative

HEALTH INSURANCE COVERS

  • Mental health care
  • Alternative treatments (such as acupuncture, homeopathy, or chiropractic)
  • Fertility treatments

Community and Environmental Impact

16 hours Paid time off to volunteer $5,111,929 Philanthropic donations in last year
$984,963 Total company-matched employee donations in last year Associates Leads environmental impact team
Yes Recycling program

Diversity

  • Senior Executives oversees diversity and inclusion practices
  • Written policy prohibits discrimination based on (at a minimum) age, disability, race/ethnicity, religious beliefs, gender and sexual orientation
  • Formal programs (such as resource groups, mentorship, networking, or other affinity groups) support professional development for: Under-represented racial/ethnic minority groups; Women; Lesbian, gay, bisexual or transgender employees
  • 5 events a year connect employees with peers from different racial/ethnic, religious or country-of-origin identities
  • Non-birth parents in same-sex relationships can take parental leave
  • Medical care covers gender confirmation surgery

Leadership Diversity

 

Workforce Diversity

 
During Baird Gives Back Week, associates volunteered more than 7,000 hours in the United States, Europe and Asia.

DEMOGRAPHICS

 
At the Annual Meeting, our Executive Committee congratulates New Shareholders

How to Get Hired

We asked Baird for some inside information on how to get hired at the organization. Here is what they had to say.

What key characteristics tell you a prospective employee will be a great fit for your company?

Candidates are a great fit for Baird if they are high-performers who share our commitment to collaboration and putting our clients’ needs first. We want talented professionals who are approachable, credible and easy to talk with. Integrity is paramount, along with curiosity, an agile mindset, a strong work ethic and a passion to succeed. Innovation, a focus on long-term outlooks rather than looking for a quick fix, a sense of humor, an ability to lead and follow and an interest in giving back to our communities are other ideal attributes.

What can prospective employees do to get your attention?

One of our tenets is “How we succeed is as important as if we succeed,” so candidates who demonstrate they understand that will always get our attention. We look for motivated, personable people who put others before themselves. They should research and understand our firm, especially our culture, and use cover letters to highlight experiences. While they should understand the responsibilities of the role, it is imperative they know how we do business – we still believe in handshakes and looking someone in the eye. We consider the interview process a two-way street – we are interviewing candidates, and they are interviewing us – so we expect them to be authentic and to ask questions. Additionally, we are impressed with professional, down-to-earth, relationship-driven people who enjoy working as part of a team and are involved in their communities. Thank-you cards/emails that hone in on particular meetings are true differentiators.

Are there any positions or types of candidates you are particularly focused on hiring in this coming year?

The full-time advertised positions we are currently hiring for are across the firm in our business units and corporate resource groups. They include opportunities in Baird Capital, Institutional Equities & Research, Investment Banking, Private Wealth Management, Public Finance, IT, Operations, Human Resources, Marketing & Communications and Risk Management. In addition to the advertised positions, we are always looking for seasoned talent in the marketplace, adding senior professionals whose skills complement our business strategy and who fit our culture. We seek individuals that have experience working in highly regulated environments and are eager to learn our business. Specifically, we are actively recruiting experienced Financial Advisors and Client Specialists in Private Wealth Management. For these positions, we often look for candidates who have industry experience and possess licenses or certifications related to the position (such as the Series 7 & 66, CPA, CFA and PMI).

What should interested candidates do to find out more and get started?

To see open positions at Baird, visit BairdCareers.com. Visit our social media channels: LinkedIn, Facebook, Twitter, Instagram. Network with Baird associates.

hiring Outlook

650 Forecasted positions to fill in coming year 2% Job Growth
54 Average applicants per opening 42,652 Total job applicants
37% New hires by employee referrals 17% Openings filled by current employees
68 Recent graduates hired 6% Voluntary turnover for full-time employees
15% Voluntary turnover for part-time employees
* All figures refer to 12-month period prior to reporting, unless otherwise noted.

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