Parametric Portfolio Associates
Parametric Portfolio Associates – Minneapolis, MN
Parametric is a fun, fast-paced, team oriented environment where your development skills will be challenged by a company that is growing quickly. We… CareerBuilder
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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Career Opportunities
I worked at Parametric Portfolio AssociatesPros
Parametric currently has fabulous offices facing South Lake Union. The light and area workspace was always a draw when interviewing candidates and entertaining visitors.
Parametric has great benefits including 3 weeks of vacation, paid medical/dental/vision, life insurance. 15 % profit sharing, 401k with match, subsidized parking and mass transit.
Parametric strives to employ smart, competent people.
It has a very good reputation in the industry, and has grown exponentially in the past few years.Cons
Lack of career ladders. Due to the nature of the type of portfolio management Parametric conducts, there is very little opportunity to grow for the entry level college graduates who are the majority of the new hires. Many of the employees who have been there for several years are part of a stock plan which will vest soon. It will be interesting who stays after those golden handcuffs have been released.
Lack of accountability from a few bad apples who are clearly failing to do their jobs. (Many of these people have been at the company for several years and have no sense of urgency or importance about their jobs. They do the minimum to get by and their lack of attention to detail causes many problems which consistently remain unaddressed.)
The most common complaint about work at Parametric is that it is repetitive and boring.
By far the biggest downside is poor communication between departments and from upper management.
Can be very clique-y.Advice to ManagementAdvice
Employees need consistent communication from senior management. Often the "wins" of the business are shared, but the bumps in the road are never mentioned, and the rumor mill runs 24/7, There would be a much greater sense of employee loyalty if what was at stake on a weekly basis were communicated.
Management needs to foster a much greater sense of team. Currently each department is run as its own empire, and the directors of the departments often watch out for their own turf at the expense of a better-run, more cohesive company.
Something that is good and bad about Parametric's leadership is the tendency to believe that everyone is an adult and will make adult decisions. Thus, for the most part, departments are run with a disturbing sense of laissez-faire. Many times the directors and senior management aren't even on the same boat....how do employees know which one to board???Doesn't Recommend