Duff & Phelps

  www.duffandphelps.com
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Duff & Phelps Reviews

Updated Jul 14, 2014
All Employees Current Employees Only

3.0 124 reviews

52% Approve of the CEO

Duff & Phelps Chairman, President, and CEO Noah Gottdiener

Noah Gottdiener

(73 ratings)

51% of employees recommend this company to a friend

Review Highlights

Pros
  • Good work life balance and somewhat interesting work(in 7 reviews)

  • With some effort, patience and skill, there are doors that open at Duff and Phelps, and you have flexibility to create your own work environment(in 11 reviews)


Cons
  • Erratic hours; tough clients who are also working crazy hours; hard to find a work-life balance(in 9 reviews)

  • Long hours and below-market-rate pay, both pre- and post-recession(in 9 reviews)

36 Employee Reviews Back to all reviews
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    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

    1 person found this helpful  

    Good place to work. Work with a lot of big name clients

    Valuation Analyst (Current Employee) San Francisco, CA

    ProsStart doing value added work from your first day on the job. Office environment is not overly formal. Management willing to help you learn.

    ConsOnce you have been working for six months to a year, the projects are routine with little variation. After a few years the work can get repetitive.

    Advice to Senior ManagementManagement needs to put in place a continuing education program for analysts and seniors to work on during down time.

    Yes, I would recommend this company to a friend

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    • No Opinion of CEO

     

    Decent Place All-In-All

    Senior Associate (Former Employee) New York, NY

    ProsGood Work / Life Balance - compensation is weak but hours less intense than larger banks.

    ConsLack of Challenge - constant valuation assignments can get extremely mundane.
    Not a Meritocracy - promotions and awards are often given based on length of service rather than quality of work or revenue generation.

    Advice to Senior ManagementA

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    1 person found this helpful  

    Good Place to Work

    Senior Associate (Current Employee) Chicago, IL

    ProsDuff has a much more relaxed work environment than many other middle market and bulge bracket investment banks. There is no face time requirement at the company. If work is completely on time and in an efficient and high quality manner, there is no expectation that people will stay until the most senior person leaves the office.

    ConsThe company has limited name recognition which may be a detriment to resumes. Many people associate Duff with accounting related services and do not realize that investment banking is even a service we offer. Additionally, compensation could be more in line with other middle market investment banks in order to recruit the best talent possible.

    Advice to Senior ManagementSegregate the investment banking group from the rest of the business

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

    2 people found this helpful  

    A fun place to work if you don't want to be challenged.

    Business Analyst (Former Employee)

    ProsThe environment is fun and entertaining. Staff employees typically go to happy hours during the week and develop relationships outside of work. Aside from the employee relations, the work itself it not too challenging and I believe you get paid well for what you do - it is by no means I-Banking. The company allows for you to determine how to balance your work life and you get rewarded depending on where you put the fulcrum on the scale (i.e. some employees come in around 10 and leave at 6 others put in 10 - 12 days every day and get the promotions).

    ConsThe company has instilled no loyalty among the staff level. Management constantly tell staff "this is a great place to start" hinting that they (staff employees) will be changing companies or careers in the short run. With comes no real career track. The work itself is not too challenging which allows from some of the employees to coast within the company not putting in too many hours. There are no opportunities to really go into the market and try the challenges of selling work or developing business relationships. Overall, the company does not foster a place you would be loyal to and would challenge you each day.

    Advice to Senior ManagementTreat staff level employees like they are going to be in your shoes one day. Do not act fat and happy because of your title. Encourage newly hired employees to be loyal to the company and they will work harder and longer for you. Try and befriend them out of the office on some occasion - golf, etc.

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    2 people found this helpful  

    Satisfactory growing company.

    Analyst (Current Employee) Chicago, IL

    ProsMy individual group is relatively small and tight-knit. It stood out to me in the interview process from other consulting teams including hundreds of entry-level employees. This is a company where my coworkers know my name.

    ConsAs a relatively young company, it has no solid volunteer/community service policy. It could also offer a better benefits package, including some kind of loan payback benefit. Lastly, name recognition is pretty hit-or-miss. If someone is highly familiar with financial services and business valuation, they may know it-- otherwise it's hard to talk about the specific firm with family, friends, etc.

    Advice to Senior ManagementA lot more could be done with the company's web presence (and in PR across the board) to boost publicity and better advertise the services the company has available. Exercising leadership in doing "big company" things (i.e. matching employee donations to charity, being aggressive with publicity and name association) could be valuable both to clients and to outstanding prospective employees.

    Yes, I would recommend this company to a friend

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    Fast-paced, interesting work. Great people

    Anonymous Employee (Current Employee)

    Pros- Highly ambitious peers, constantly impressed by abilities of professionals
    - Highly professional atmosphere
    - Seem to hit a homerun with every acquisition
    - MDs are some of the best in their industries. Highly accomplished and regarded by clients.
    - No "time-clock cops". Easy come-and-go policy. People are trusted to manage their work load accordingly even at the intern level.
    - Sky's the limit for advancement. You decide the pace.

    Cons- Too much overhead in the form of non-revenue employees
    - Can lose sight of the big picture as they cut corners on trivial things like computer supplies, yet have admin staff sitting around with nothing to do
    - The sky-high rates and long hours equal HUGE revenues, but don't seem to flow down Jr. Mgmt and staff. Someone's getting paid (MDs?EC? Shareholders?).
    - Staffing can seem like organized chaos as no one is sure what is two weeks down the pipeline and what they will be working on.
    - Hiring cannot keep up with work coming in because they rely on internal referrals or dumb luck of people finding the listing on the website.

    Advice to Senior Management- Continue to make great acquisitions.
    - Invest in better recruiting staff to get great candidates or use third-party recruiters.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    There are challenges but overall good environment and people with whom to work

    Anonymous Employee (Current Employee)

    ProsProfessional Environment, Limited bureaucracy, Challenging work, Good people for the most part. Firm has strong reputation in financial community. Overall, I like what I do each day and the people I interact with.

    ConsAt times, I think management does not realize we are a sizable, publicly-traded firm rather than a "mom and pop" shop. Some decisions that are made seem to be more motivated by short-term personal goals than a large, long-term view for the firm.

    Advice to Senior ManagementMy advice would be to look at the bigger picture of firm goals when making big decisions - don't spend a great deal on a marketing effort to the staff the same week they learn their bonuses are not very high, for example.

    Yes, I would recommend this company to a friend

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    Growth

    Anonymous Employee (Current Employee)

    ProsDuff is a great place to better your skills and have your ideas heard. We have the ability to grow with the company.

    ConsThe workload can often be too much. The distribution of work should be monitored more often to keep the workload balanced for each person/team.

    Yes, I would recommend this company to a friend

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    Growing Company. Great Place to Work.

    Anonymous Employee (Current Employee)

    ProsThe company has lofty growth ambitions and can achieve what they want to do if they do it carefully and with the input of their most valuable asset - their people. The employees of D&P make it such a great place - very intelligent with the caliber of the Big Four or a bulge bracket IB, yet without the insane amount of bureaucracy. The practice leadership is approachable and for the most part, the Managing Directors care.

    ConsThere can be a disconnect between the folks on the ground and the upper level executives. There needs to be more communication from the C-Suite down to the field so there does not seem like there is such a level of secrecy that is not needed.

    Advice to Senior ManagementCommunicate to your employees better, look to the Segment and Business Unit Leaders to learn how to do a better job, as they tend to have the respect of their people and can help you deliver messages.

    Yes, I would recommend this company to a friend

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    Alot of work, little ownership

    Anonymous Employee (Current Employee)

    ProsRelatively laid back, friendly coworkers, decent health benefit options, great office location, happy hours, subsidized vending machine *hey- it's the little things*

    ConsLower than average salaries, very bureaucratic given the smaller size, little growth potential for the staff, some have too much esponsibility and no accountability for some.

    Advice to Senior ManagementNeed to keep the channels of communication open, and focus on the onboarding process for new hires. Focus on managing the expectations of the employee's.

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