Moody's

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Moody's Reviews

Updated Jul 1, 2014
Moody's – New York – “Old Moody's Office”

Moody's – New York – “Old Moody's Office”
All Employees Current Employees Only

3.2 193 reviews

67% Approve of the CEO

Moody's Chairman and CEO Ray McDaniel Jr.

Ray McDaniel Jr.

(109 ratings)

64% 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)

More Highlights
69 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    1 person found this helpful  

    Overall, Moody's is great company to learn technical skills that will be valued on the street.

    Anonymous Employee (Current Employee) New York, NY

    ProsTerrific opportunity to get training and get expertise on fundamental credit analysis and other important communication and relationship building skills as part of the credit rating process. The collaborative environment and collegial/cooperative environment is one of the best reasons to work here.

    ConsCompensation is much less than competitors. If you work in a non-NYC office, you need to put in extra effort to ensure that your achievements and efforts are mentioned by those in NY, who are ultimately making the decisions on bonus and promotions. Communication by senior management leaves something to be desired, especially with important things that are related to regulatory and mandatory processes.

    Advice to Senior ManagementDo not assume that employees will take whatever is thrown at them without any increase in compensation, Important changes need to be communicated better on down to analyst ranks, especially when it's a directive from senior management. It often is not the best way to communicate these things by have senior management communicating to one layer of managemnt and then on down to another layer, etc etc. Somewhere down the line, you will get a team lead or MD who is too busy or may overlook to communicate it to his respective teams, and then you will get the breakdown in communication.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Good place to work if you don't mind the low compensation.

    Associate Analyst (Current Employee) New York, NY

    Pros- Friendly and knowledgable coworkers
    - Get to work with bankers, lawyers, and senior managment of various companies
    - Very good work life balance
    - Work receives high visibility in the credit markets

    Cons- Poor compensation compared to similar work performed at the i-banks
    - Promotions and advancements require a lot of time particularly for junior analysts
    - Technology at the firm is below par

    Advice to Senior ManagementCommunication has improved significantly since the onset of the credit crisis and needs to be maintained going forward. Junior analysts, particularly with graduate-level degress, need to receive clear guidance regarding career advancements.

    • Work/Life Balance
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    • Disapproves of CEO

    1 person found this helpful  

    Revered brand, working to get it back.

    Anonymous Employee (Current Employee) New York, NY

    Pros1. Great intellectual environment.
    2. Honesty in internal credit decisions
    3. Democratic debate on credit ratings that are assigned to issues that are rated.

    Cons1. Management culture is meandering at the moment.
    2. Senior management has not been able to root out a lot of managers who should have been shown the door post crisis. Most of upper management probably does not know the meaning of real work, as they are used to see business running on its own.

    Advice to Senior Management1. Fire nearly all of the middle managers, esp. on the structured finance size and especially anyone who has been managing for more than 6-7 years. Remove duplication. Define the performance culture.

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

    1 person found this helpful  

    Great place to start a career...but not to stay long term

    Anonymous Employee (Former Employee) New York, NY

    ProsMy direct manager made my time at Moody's definitely more valuable. Due to her mentoring I was exposed to different aspects of the company and my role in the department. Salary was average. Senior Management accessible.

    ConsLack of promotion availabilities.
    Preferntial treatment of certain employees when it came to promoting.
    Lack of growth opportunities.

    Advice to Senior ManagementStart developing and investing into growth of junior employees. This is the talent that will make Moody's survive despite it's currently troubles.

    • Work/Life Balance
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    • No Opinion of CEO

     

    2 year Senior Associate

    Anonymous Employee (Current Employee) New York, NY

    ProsVery relaxed environment--sometimes too laid back. Can get boring at times during slow stretches. Great work-life balance. never feel like you're stuck in the office for too long.

    Consnot very exciting. don't promote talent from within. it's a great place to work if you're a seasoned veteran: you get great hours, geat pay, and it's not too stressful. however, if you're a recent grad i would steer clear. they tend to use entry level analysts and associates without any intention of promoting them.

    Advice to Senior Managementlearn to incubate talent. moody's loses a lot of smart talented people to buy-side firms and banks because they refuse to offer any sort of professional advancement path. the pay could also be better.

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    • Disapproves of CEO

     

    Decent Work Life balance - unlcear on how to be promoted

    Associate Analyst (Current Employee) New York, NY

    ProsYou get good exposure to issuers and their management. Some good lead analysts who help junior analysts develop their fundamental credit skills.

    ConsPay is lacking compared to the work you do. Management is very stingy when it comes to handing out pay raises and bonuses.

    Advice to Senior ManagementFocus on career development and talent retention. If you could identify and nurture your top Associates you'd have a bright class of future lead credit analysts.

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    • No Opinion of CEO

     

    good place to gain some experience but enough negatives (highly depends upon group)

    Associate Analyst (Former Employee) New York, NY

    Prosdecent work-life balance
    base salary higher compared to other financial services firms
    unique perspective gained from a credit rating firm

    Conslack of direction during and after the crisis
    performance evaluation and promotions opaque at best
    negative culture based on sycophancy

    Advice to Senior Managementdo a thorough strategic review of the company

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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Mobility

    Anonymous Employee (Current Employee) New York, NY

    ProsWork/Life balance is not an issue. Hours are quite reasonable. Pretty stable environment without fear of getting caught in a across the board layoff-Good Job security

    Senior mgt is very accessible and keeps everyone up to date to company/industry developments

    ConsNo means of growth beyond your current job description in support functions. Do not expect to come in and transfer to another role/department.
    Moody's brand value has taken a hit over the past couple years. Will take some time to earn back the respect of the financial community.

    Team concept is overshawdowed by individual interests.

    Advice to Senior ManagementExpand the Growth/Development program. Encourage job cross training

    No, I would not recommend this company to a friend

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    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    It all depends on the group you work in.

    Systems Engineer (Former Employee) New York, NY

    ProsLaid back atmosphere if you like that environment. The salary is not great, but decent. If you are new to IT, you will definitely learn some new things. Promotions based on hard work.

    ConsWhere do I start. Getting a promotion means you get a higher title, but not more or different responsibilites/ tasks. Worked long hours, on the weekend, on call without compensation. No matter how much effort, time, and work put forth, the pressure would not be lightened?? The type of pressure was destructive, anti-growth, and often filled with anger. Management has a "what have you've done for me lately attitude" towards IT. You could be a supreme tech. It doesn't mean squat here - just that your a good door mat or should become one if you want to remain employed. Shoot first ask questions later mentality with issues, even after proof was found that the wrong person was accused of "dropping the ball". If one of their "own" made a mistake no matter how big, they called it an honest mistake. but God forbid if it was anyone else does, then you can count on seeing that on your perfomance evaluation. They company offered training but no training was allowed for the group and their were no growth opportunites. No motivation to take initiative by colleagues past what is minimally expected by management. Being skilled/smart, having seniorty is not valued. Extreme nepotism/favoritism. It was without a doubt the case here - If you were a certain ethnicity, not only did you get top salary, but you had the most opportunities / leeway / and pretty much got away with a lot of things. Like "extra" vacation time then what is allotted.

    Advice to Senior ManagementPut methods in place that will hold senior management accountable of the sub-groups they manage. Have a third party administer a survey to be taken by employees of those managers that evaluate the "performance of managers".

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    • No Opinion of CEO

    2 people found this helpful  

    A former employee's perspective

    Financial Analyst (Former Employee) South San Francisco, CA

    ProsThere is a reasonable work life balance here.
    If you enjoy a very well-defined job where you can follow a precise set of steps in order to complete the required work as an analyst then that can be considered a plus

    ConsUnderappreciated work and poor morale affected the quality of work.
    Innovators beware, this is not a place that values innovative ideas.
    You are measured against a very precise set of metrics, this can be good for some, and bad for others.
    Management attempts to create competition amongst employees in order improve efficiency, in the end, this creates more animosity and less efficiency.

    Advice to Senior ManagementTreat employees with more dignity and respect

    No, I would not recommend this company to a friend

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