McGraw Hill Financial

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McGraw Hill Financial Reviews

Updated December 4, 2014
Updated December 4, 2014
216 Reviews
3.4
216 Reviews
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McGraw Hill Financial President & CEO Douglas L. Peterson
Douglas L. Peterson
24 Ratings

Review Highlights

Pros
  • Very nice people and work/life balance, interesting work (in 27 reviews)

  • Good benefits like free museum admissions etc (in 28 reviews)


Cons
  • Work life balance is abysmal within specific HR Teams (in 9 reviews)

  • Senior management has no regard for quality of work but roll out programs just to meet KPI (in 14 reviews)

More Highlights

63 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    It's all what you make of it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Production Coordinator in Columbus, OH
    Current Employee - Production Coordinator in Columbus, OH

    I have been working at McGraw Hill Financial

    Pros

    MGH Education has a highly supportive corporate culture. Most people are enthusiastic about helping you.
    Benefits are pretty awesome--they even support same-sex domestic partnerships.
    Volunteering in the community is a huge focus
    Laid back atmosphere (for the most part)
    Those who do good work are recognized for their abilities and are seen as the "go-to" persons when things get tough

    Cons

    Trial by fire on-boarding process. There are few departments that have anything in terms of a real training program, and you learn most things by accident.

    Several examples of managers who either micromanage or don't pay enough attention to their employees.

    There are many employees who are simply "getting by," who don't actually pay enough attention to procedures or past mistakes and are doomed to make the same errors over and over again. On top of that, their managers rarely do anything about it. One of the biggest reasons is that HR is so entangled in every single decision that it's nearly impossible to get anyone fired from this place, even if they are doing a terrible job.

    The performance management review process is antiquated and ridiculously complicated.

    Deadlines are hard, fast and often cutthroat. it seems like sales and marketing make most of the decisions without regards to anyone else's work/life balance. I've worked about 60+ hours a week on a regular basis for months as a result.

    A huge corporate reorganization was implemented in 2009 to shake up some of the broken procedures and dismantle departments/roles that an external consulting firm decided were no longer necessary. Huge mistake. We eliminated positions that were crucial to the publishing process (Umm... whose idea was it to remove proofreaders altogether?) and created new jobs that are still unclear to the masses. Now we're spending more time trying to bend over backwards and fix things that weren't broken in the first place.

    Promotions aren't always based on work/professional experience, but on a "who you know" basis. It's a cult of personalities, not a meritocracy.

    Advice to ManagementAdvice

    Act on the procedures you've implemented. Give the big picture to everyone on the team--most people are pigeonholed into their own corner and don't think twice about how their actions affect the entire program.

    Recommends
    No opinion of CEO
  2. 6 people found this helpful  

    A Company That Has Lost its Way

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Editorial in New York, NY
    Former Employee - Editorial in New York, NY

    I worked at McGraw Hill Financial

    Pros

    Employee friendly, brand name publisher, proud heritage, portfolio business structure

    Cons

    Senior management has a mixed record of fixing problems and the decision making is glacial. The reputational hit that Standard & Poors has taken for its shoddy ratings of mortgage securities during the credit crisis will take many years to overcome.

    Advice to ManagementAdvice

    Time for a new CEO

    Doesn't Recommend
    Disapproves of CEO
  3.  

    Decent place if management was better.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Director in New York, NY
    Former Employee - Director in New York, NY

    I worked at McGraw Hill Financial

    Pros

    They have good benefits and work hours. If you have a good boss there is a very good program for travel for personal growth.

    Cons

    The place is very political and the HR policy is terrible for pay raises and other issues. Never trust HR as it will come back to hurt you.

    Advice to ManagementAdvice

    If the business unit is collapsing fire someone above the level of director. THEY ARE NOT THE PROBLEM, SENIOR MANAGEMENT IS!

    Disapproves of CEO
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  5. 1 person found this helpful  

    Old Company going through changes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at McGraw Hill Financial

    Pros

    Benefits, ok pay, great place to work if you have a family, competent upper managers, normal work hours, many people are so comfortable they stay put for many years.

    Cons

    Hard to get promoted, very slow turn around rate at the top, most people stay there more than 10 years ( which is god in some ways but if you want to "work your way to the top" the slow turn around at the top creates few opportunities at the bottom.)

    Advice to ManagementAdvice

    Make it possible for employees to experience growth and don't be afraid of new ideas.

    No opinion of CEO
  6.  

    Typical administrative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Administrative in New York, NY
    Current Employee - Administrative in New York, NY

    I have been working at McGraw Hill Financial

    Pros

    MGH's benefits package is pretty good and the standard work week is 35 hours - that's a rare thing these days. Salary can be decent, depending on which business unit you work with.

    Cons

    There is little chance of getting head as an AA there, unless your manager really pushes on your behalf. Unfortunately, not too many managers would do that. Very difficult place to make any kind of career change - once an AA, always an AA there.

    Advice to ManagementAdvice

    Leadership should be aware that there are other employees there that deserve a chance to move ahead, not just the ones that are already in executive roles.

    No opinion of CEO
  7.  

    Handscoring

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Test Evalutor in Delran, NJ
    Former Employee - Test Evalutor in Delran, NJ

    I worked at McGraw Hill Financial

    Pros

    Hundreds of employees are hired at a time for this position. An undergraduate degree is required for this position. Fairly easily attained position.

    Cons

    This position requires you to be seated in front of a computer grading papers 100%, excluding breaks. May begin to feel like tedious work awfully quickly.

    Advice to ManagementAdvice

    Provide employees with solid numbers regarding expectations, accuracy percentages and number of papers needed to be graded in order to stay on the project.

    Doesn't Recommend
  8.  

    An Okay Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Research
    Current Employee - Research

    I have been working at McGraw Hill Financial

    Pros

    The relaxed atmosphere and the willingness of more senior employees to discuss ideas. Junior level employees are included in more high-level discussions. The company is enviromentally thoughtful and provides a locker room for peoppe who ride their bikes to the office. Many directors have high-level experience which helps provide added credibility in the eyes of clients. The working atmosphere is pleasant and people are open in discussing ideas and do no back-stab each other.

    Cons

    Not much feedback is given and the work is often repetitive.

    Advice to ManagementAdvice

    Try to take more time to explain things to new people joining projects. Often you were excited about the projects but then seemed to have sporadic levels of enthusiasm.

    No opinion of CEO
  9. 5 people found this helpful  

    MHP needs new senior managers.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Manager in Denver, CO
    Current Employee - Manager in Denver, CO

    I have been working at McGraw Hill Financial

    Pros

    Co-workers are good at what they do.

    Cons

    Senior management Grade levels 23 and above are more concerned with politics and lobbying for position than getting the job done. Seems that the senior management would prefer to increase their salaries and ensure their positions are secure than to really work on making things right for their investors.

    Every 6 months we see a reorganization happen and these reorgs don't happen because of the on-boarding of a new market, but to make the powers that be have a chance of hiding the fact that most of the management (senior) are ineffective.

    MHP spends money on projects that are just not needed for could be done cheaper someplace else. Customer service in NJ, analysts in NY, the new data center, staffing costs in NY, the use of union workers and the list goes on and on.

    Advice to ManagementAdvice

    Pull your heads out of your ass and start doing your jobs. Listen to people who work there and get them to trust the company.

    Move most of the operations and infrastructure out of New York and New Jersey.

    Disapproves of CEO
  10. 1 person found this helpful  

    A good place to work for fresh graduates or ready-to-retired.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Programmer in Monterey, CA
    Former Employee - Programmer in Monterey, CA

    I worked at McGraw Hill Financial

    Pros

    The employees' benefits are good and very family oriented. This is one of a few companies still with pension plans. The 401K matching is good. The company allows new employees to rent a temporary place before they find the permanent one. Also, the company would allow employees to hire a temporary nanny in an emergency situation.

    Cons

    There is always poor communication between management level and executive level. The executive level doesn’t know who the hard working people are. Some systems and programs are really old and people are hesitated to modify or renew them. Also, the medical/dental plans graduately decrease with higher co-payments.

    Advice to ManagementAdvice

    Even some people in senior management are ready to retire in this company, they still need to sell their groups.

    No opinion of CEO
  11. 1 person found this helpful  

    Flexible to work life , decent place for a career,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Architect in Hightstown, NJ
    Current Employee - Architect in Hightstown, NJ

    I have been working at McGraw Hill Financial

    Pros

    Respected leader in publishing and financial ratings. Flexibilty in work/life

    Cons

    A bit beuruacratic. Career advancement is slow.

    Advice to ManagementAdvice

    More perfance based incentives.

    Recommends
    Approves of CEO

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