Markit

  www.markit.com
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Markit Reviews

Updated Jul 28, 2014
All Employees Current Employees Only

2.8 265 reviews

67% Approve of the CEO

Markit CEO lance uggla

lance uggla

(146 ratings)

47% of employees recommend this company to a friend

Review Highlights

Pros
  • good work life balance, benefit is ok, working hours are more than reasonable (in 27 reviews)

  • Exploitable working environment (in 17 reviews)


Cons
  • Very poor senior management, no long term strategy other than sell for as much as possible in an IPO (in 16 reviews)

  • Work life balance is the only con I could see (in 7 reviews)

More Highlights
51 Employee Reviews Back to all reviews
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    • Culture & Values
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    Good with the bad

    Anonymous Employee (Current Employee)

    ProsDress code, catered lunches, team builders, culture in general

    ConsManagement is somewhat to be desired. Compensation. Promotions

    Advice to Senior ManagementBetter promotion guidelines

    Yes, I would recommend this company to a friend

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    Very informative, great for new graduates!

    Intern (Current Employee) Dallas, TX

    Proshands-on
    lots of stuff to do
    very good people

    ConsI feel that the intern program should expose the intern to all the aspects of the office so that they can have a better idea of what they want to do in the company if they choose to stay.

    Advice to Senior Managementkeep doing what you're doing

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    Decent place, up and coming name in Financial services industry

    Anonymous Employee (Former Employee) New York, NY

    ProsStart-up culture, hardly any bureaucracy.
    Decent pay, slightly less than banks but good work-life balance.
    Good NYC location.
    Young workforce.
    Good training.

    ConsSome really smart people but some are pretty dumb.
    Technology is not the best in the industry.
    Some people tend to think of it as just another data company or financial software company.

    Advice to Senior ManagementSpend on technology.
    Hire smarter people.
    Spend more on your employees.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
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    Awesome!

    Global Summer Intern (Current Employee) New York, NY

    ProsDiversity. A nice place to foray the finance industry.

    ConsIntense work and pressure. High-pace working environment. Not too many cons though.

    Advice to Senior ManagementMore diverse?

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    • Disapproves of CEO

     

    Good company, hard to advance for new grads

    Anonymous Employee (Current Employee)

    ProsDecent benefits, has career advancement opportunities but they're out of reach for new grads in starting roles.

    ConsSkills in entry level roles don't carry over to more advanced positions

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Exciting and rewarding place to work

    Assistant Vice President (Current Employee) New York, NY

    ProsGreat place to work, always lots of exciting projects - entrepreneurial and growing fast. Stock options add to compensation...

    ConsPay is about 20% lower than working in a bank or fund in equivalent roles. Hard to rise up in some positions due to senior staff never leaving because of the stock options they were awarded at very low strikes 5-7 years ago.

    Advice to Senior ManagementNeed to reward staff who have been in roles less than 2 years and therefore have stock options at high strikes appropriately in order to retain these staff.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Markit Rocks

    Service Desk Analyst (Current Employee) New York, NY

    ProsAn extremely fun and innovative company. Markit boasts an amazing social structure that allows a across the board level on interaction with all teams and levels.

    ConsThey don't pay well. usually on the lower scale of the spectrum

    Advice to Senior ManagementNo much to give.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    1 person found this helpful  

    An amazing place to become a web craftsmen, but you will have to work for it...

    Senior Web Developer/Director (Former Employee) Boulder, CO

    ProsAs a web developer at Markit on Demand you will build high volume sites for some of the biggest names in the financial markets. You will learn how to optimize server and client side code to so that your site doesn't go down when the Dow drops 1000 points in 10 minutes. You will be exposed to top notch graphic designers who collaborate one on one with the client and build compelling user interfaces that are challenging, and rewarding, for web developers to build. You will engage in heated discussions with your co-workers about all things web development. You will be exposed to modern trends in web development. And you will learn how to solve all sorts of tricky web problems. If you can stand the stress, tight deadlines, and changing priorities, you will become a top notch web developer working at Markit on Demand.

    ConsThe job will be stressful. Deadlines will be tight. Requirements will change at the last minute. You will need to work late nights and weekends. Be prepared for that or don't work there. If you're OK with that, then in my opinion, the pros of will outweigh the cons; but you will still eventually get tired of the stress.

    And the pay will not be great at first. If you're OK with that, and you stick it out, they do pay you well for your hard work eventually.

    Advice to Senior ManagementThe tight deadlines and changing priorities are what leads to stress and drives people to leave. Learn to manage requirements better. Learn to estimate the time to build a project better. And more importantly, don't wait until the last month to turn a huge quotes and research site over to QA! Incremental testing and deliverables will lead to less stressful large builds.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    The hot place to be in Financial Technology Services area

    Technology (Former Employee) New York, NY

    Pros- Charismatic CEO and a strong leader
    - Diversified portfolio of successful products, revenue opportunities
    - Strong growth company

    Cons- each regional office operates independently, no sufficient feeling of unity as a global organization with the same culture.

    Advice to Senior Management- continue to invest into employee and management training
    - provide transparency and encourage internal transfers
    - grow strong Markit brand and unity among employees.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Great place to get started, and hopefully keep going

    Associate Developer (Current Employee) Boulder, CO

    ProsI am surprised at the myriad of negative reviews here of the Boulder office. The problems here seem to be ones that can easily plague a company that grew a bit too quickly but the management is committed to implementing positive long-term changes, addressing grievances, and keeping everything moving onward and upward. I have never worked for a company that was so open minded to the general process; here, it feels that the best idea truly is boss as long as you can sell your team leaders on the concept. In general everyone is encouraged to explore new concepts, manage their own time (like we're adults, wow!), make good decisions, yell for help and receive it if we need it, and encourage us to learn and grow both personally and as professions.

    As a new developer I find the work environment very helpful and encouraging. I can always count on my team members and managers to walk/talk me through something, give me advice, throw together an impromptu code review, and point me to resources and materials. I've never been made to feel like I am incapable or slow. I feel comfortable in telling someone that a concept is beyond me, or please explain this again, or what the heck does this mean, or I have no idea what I am doing here, or I am in over my head, can you get me someone who can help. Despite the fact we have constant deadlines and everyone is working hard, no one is so busy or stressed that they won't or can't take two minutes to help someone out. The cooperative culture here is just awesome, from what I have experienced.

    It gets noticed when someone goes above and beyond. I've seen capable developers ascend quickly based on competency, teamwork, and general merit; the salary increases reflect this as far as I am concerned, and when comparing this with similar-sized companies I have worked for in the past, Markit grants higher salary increases for good quality work than anywhere I've ever been. The monthly check-ins that Associates receive is helpful in this process as well; we get constant feedback on how we are doing, and there is genuine interest in if we are happy, if we feel supported, etc.

    Socially the company doesn't take much initiative but the people do. Folks at the office have gotten different types of groups started, from lunchtime disc golf to homebrewing. My team goes to lunch often and has started doing happy hours semi-regularly. The company also have an excellent for sale/wanted email system; I haven't had to deal with craigslist since I started here!

    ConsWhile overall there is a good work-life balance the PTO package is modest and outdated for a company trying to be "cutting-edge" on employee relations and building a culture. Offer flex time in the summer. Give us one more vacation week per year. Create some extra floating holidays (day after Thanksgiving, Christmas Eve, etc) that people can use. Et cetera.

    The Boulder office is uncharacteristically rigid for being in a hip, tech-driven city. One of the first offices I've ever worked at where a great majority of people are still around at 5 on a Friday. I've never seen anyone order a beer during a lunch outing. The snacks and beverages offered at office-wide gatherings are barely adequate. Some of the free food in the kitchen feels like it was picked out by a 7-year-old (Easy Mac, Skippy peanut butter, Teddy Grahams, Goldfish, Quaker Granola Bars). Culturally they need to increase the "fun" factor and let people get away from their computers for a couple hours if they want to.

    Also, the forcing of teams to move around every few months under the reasoning that it forces you to get to know new neighbors in the various buildings... this is not a good idea in my opinion. It stresses folks out and sometimes people end up working in rooms or areas they simply don't want to be in, but didn't get any input in. If you want to get people to work in different clusters more often, give everyone laptops and create coworking spaces around the office where anyone can hook up to a power supply, some external monitors, and a CAT-5.

    Advice to Senior ManagementYou're good at tech innovation; now it's time for human relations and environmental innovation. Keep fresh ideas on the table and let your people guide you higher.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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