Moody's

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Moody's Reviews

Updated Jun 11, 2014
Moody's – New York – “Old Moody's Office”

All Employees Current Employees Only

3.2 192 reviews

67% Approve of the CEO

Moody's Chairman and CEO Ray McDaniel Jr.

Ray McDaniel Jr.

(109 ratings)

63% of employees recommend this company to a friend

Review Highlights

Pros
  • Relatively good work/life balance, not a highly pressurized environment(in 61 reviews)

  • Access to senior management of issuing companies and other intermediaries(in 15 reviews)


Cons
  • friendly environment Good work-life balance(in 8 reviews)

  • Senior management does not think highly about developers(in 10 reviews)

16 Employee Reviews Back to all reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    It was a god awful experience.

    Analyst (Current Employee) New York, NY

    ProsThe benefits are pretty good. Work-Life balance is a positive. Employees sneak out early on Thursdays and Fridays to take long weekends.

    ConsThe job was rather dull as are the people, but they made it seem so much more interesting in the description and also during the interview.

    The work culture is something of a facade. In the beginning, everyone seemed pleasant enough. After a couple months, I overheard some tragic stories of back-stabbing in order to make so-and-so look bad, etc.

    Advice to Senior ManagementMake sure your potential candidates are humane individuals. With morals of some sort. Any sort.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Close to 20 years working experience.

    Vice President Procurement (Former Employee) New York, NY

    ProsThe company is global and offers areas for expansion. Mostly in the financial industry.

    ConsVery difficult to get management to listen to workers concerns. In addition, too much outsourcing of work!

    Advice to Senior ManagementListen to your employees.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    Bad career move.

    Associate Analyst (Former Employee) New York, NY

    ProsHours usually not too bad. Most people are pretty cool.

    ConsBORING! Bizarro World promotion policy. Poor pay. You'll probably go brain dead here. Given all the regulatory changes, agency employees' time has become mostly about administrative CYA rather than focused more on in depth analysis.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    3 people found this helpful  

    Don't waste your career at Moody's

    Anonymous Employee (Former Employee)

    Pros- A Stable company
    - Only one major competitor (S&P)
    - Ratings are needed and will not likely go away anytime soon
    - As an analyst you will participate and vote on many different and interesting ratings
    - Good entry level job
    - A laid back atmosphere

    Cons- The rating outcomes are often "capped" by senior management before the analysts present their case.
    - Senior managers are not go getters and do not recognize/reward that attribute.
    - Employees are put in a box and there is no scope to develop other than resigning an going elsewhere.
    - Kissing up to management wins favorable assignments and promotions. Hard work does not.
    - The old boys club almost guarantees who will move up and get opportunities to grow.
    - Ratings analysts are not highly regarded in some investment shops and you may be knocking yourself out of future job opportunities
    - Promotions are heavily based on personal favorites over quality of work output.
    - They prefer to hire senior analysts from outside instead of their own.
    - Management keeps you in the dark about the strategy of your group
    -Vary bad long term decision for senior analysts

    Advice to Senior Management- The old boys club model seems to have survived at Moody's.
    - Provide a developmental career path for analysts to be promoted.
    - Management at the group level do not keep analysts informed.
    - Promote from within for the higher paying jobs.

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Jumped from top tier management consulting firm, was highly disappointed

    Project Manager (Current Employee) New York, NY

    ProsDepending on how you like to work, Moody's has a culture where almost everyone at the mid-level and up gets an office. In general people leave the office between 5 and 6. Pay can be good for the level of effort required. Travel is very minimal.

    ConsOperating Environment: The office layout (at least at Headquarters - 7 WTC in NYC) does not facilitate interaction. People call each other on the phone in neighboring offices rather than meet with them face to face. Does not feel like a collaborative, innovative youthful company so be aware of this is you are coming from management consulting or technology. The internal technology (mobile devices, data systems, workflow systems, personal computers, remote work technologies etc.) are all probably 10 years behind. I was surprised when I started at how antiquated the technology was. There does not appear to be a lot of appetite for updating technologies so the outlook going forward remains negative.

    Culture: Moody's seems to have a very conservative business culture. Decisions can take a long time to get made and can result in "analysis paralysis". The firm feels and looks older from the design of the office to the people filling them, not a great place for a recent entrant from a top tier program looking to develop. Very limited training and development offerings. There do not seem to be a lot of team building events.

    Overall this experience has not met up to expectations compared to previous top 25 best places to work firms.

    Advice to Senior ManagementEnhance workplace technologies
    Learn why all the top firms have embraced mobility technologies
    Tear down the walls and the bureaucracies that reinforce them
    Create a robust training and professional development program for all levels (AA - MD)
    Attract youth and try to retain them
    Continue your success at creating an inclusive environment
    Work on making the firm more "fun" within the confines of a financially successful company

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Keep looking

    Anonymous Employee (Current Employee) New York, NY

    ProsBenefits are good. Used to be great place to work - not anymore...

    ConsManagement has unlimited power. No democracy.

    Advice to Senior ManagementIf 5 people leave department of 15 within 4 month why don’t you start an investigation?

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Treat employees like disposable parts.

    Part Time Intern (Former Employee) New York, NY

    ProsSupposedly Moody's is designed to give people in the financial field a chance to do some meaningful financial analysis in rating the riskiness of debt and other securities.

    ConsEmployees treated like disposable parts. Often times, the hiring process seems to be completely random. I had excellent grades from a top undergraduate business school. No one wanted to interview me for a full time job. The management is very disrespectful to lower ranking employees. Very hierarchical. It is the McDonald's of financial services firms: they have a franchise (i.e. the ratings, which often are required); they have their standard models, and they hire randomly people that can plug in numbers into their models.

    The mortgage crisis has pulled the tide out on Moody's, and showed that Moody's too, was swimming naked. They are all about the cash, no integrity - in the way that they treat people and in the way that they rate securities.

    Moody's is probably a good business, it generates a lot of cash flow, but in my experience, that definitely doesn't translate into a good place to work - it's a lousy place to work.

    Advice to Senior ManagementGet a clue.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Avoid Moody's

    Analyst (Former Employee) New York, NY

    ProsMany of the floors of the expensive headquarters at 250 Greenwich has a ghost town feel. The view from the vista of the cafeteria on the 20th floor is really nice.

    ConsRegardless whether you are a junior or a senior employee you should expect to be treated like crap by your supervisors (who in turn are ill-treated by their superiors), be significantly underpaid relative to peers at firms on Wall Street (almost by an order of magnitude).

    Advice to Senior ManagementUnder staffing the firm has really paid off! Do everyone in the firm a favor please get yourselves and the board replaced. Acquisition of and integration of KMV with MRMS was another job done well!

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    no words to describe...the experience was that BAD!

    (Former Employee)

    Prosthe only good reason is that you can be a part of one of the big three credit rating companies.

    Consvery unethical and dishonorable attitude of all the employees. The senior level employees think very high of themselves, whereas they think very low of their junior level employees. They have some kind of superiority complex. Very distrustful attitude towards their colleagues .There is no respect of others opinions and cultures. If by mistake you are appointed for a job in this company, be ready to face constant embarrassment and humility.

    Advice to Senior Managementi advice the management to constantly keep a check on such employees because they can easily take down company's name.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    the heart group of the company deserves to be treated much better than that...

    MIS- Fundamental Commercial Group EMEA (Former Employee) London, England (UK)

    Pros-good internal technical training to ratings and capital markets
    -personal development of multiple skills (legal, analytically, reporting, collections, accounting) as account managers have to deal with each area at some point
    -access to senior managers at companies and banks
    -good for establishing business network

    Cons-being promised career development but never keep it
    -no reward for hard work, instead internal politics are benchmark for promotions (not expertise or experience)
    -expectation from Management to staff far above the actual job description and skills required
    -no clear annual objectives to keep personal development and progression chances as unclear and in-transparent as possible/KPO's vaguely formulated
    -no internal system to record work activity resulting in no visibility of work-load or measurement/reporting of achievements
    -high micromanagement culture
    -staff is not given any credibility and not trusted to do anything by themselves
    -hierarchy structure made complex for MD to avoid direct conversations with anyone below staff with management/supervisor function
    -no clear training given at the start of your career
    -no incentives for overachieving expectations (as no objectives communicated!)

    Advice to Senior ManagementKeep what you promise, value your staff and meet them with respect. Urgent need to change management style and trust your staff' abilities and skills. Management prefers to stab their own staff in the back instead of standing up for their staff and strengthen staffs esteem internally as well as externally towards clients. STOP micromanaging people who have more clue than you.

    No, I would not recommend this company to a friend

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