From an original focus on the oil industry, we now cover agriculture, biofuels, coal, electric power, LNG, metals, natural gas, nuclear power, petrochemicals, renewables and shipping. Today, Platts is widely recognized as the world’s most respected provider of commodity information and intelligence.
Products and Services
Platts publishes news, commentary, market data and analysis, and thousands of daily price assessments. These are widely used as benchmarks in both physical and futures markets. We deliver real-time news and price information and end-of-day price data to clients’ desktops; publish more than 60 newsletters and reports; and run over 60 conferences every year. In addition, we host high-profile industry events to announce our rankings of the Top 250 Energy Companies and the winners of the Platts Global Energy Awards, which is considered the “Oscars” of the energy industry, and the Platts Global Metals Awards.
In addition, Platts serves customers through two business lines that operate under their own well-established brand names: The Steel Index (TSI), a price information specialist which compiles indexes through the collection of transaction data from industry participants, and Bentek Energy®, a specialist in natural gas, NGLs, crude oil, and LNG fundamental market data analysis.
Traders, analysts, risk managers, purchasing agents and other professionals at more than 10,000 public and private sector organizations in more than 180 countries benefit from Platts’ services. These organizations range from exploration companies, miners and refiners to end-users such as utilities, airlines, steel companies and auto manufacturers. They also include government agencies, financial institutions and professional service firms in law, engineering, consulting and asset management.
Platts employs a total staff of more than 1000, and maintains a network of correspondents spanning the globe. Our news and pricing staff exceeds 600 reporters, writers and editors, and is the world’s largest independent team of journalists dedicated to the energy industry. We have offices in more than 19 key cities, including major financial centers such as London, Dubai, Singapore and Houston, and global business centers such as New York, Sao Paulo and Shanghai.
Careers at Platts
When you work at Platts, the world’s leading energy information provider, you get the best of a small company and a Fortune 500 corporation. With more than 600 employees in 17 offices spanning five continents, Platts has a highly diverse workforce, a global perspective, and a “business casual” culture. As a subsidiary of The McGraw-Hill Companies, Platts offers employees a competitive compensation program, a comprehensive benefits package, and a broad spectrum of professional development opportunities. As an employee of Platts and McGraw-Hill, you are part of an organization with a long-standing legacy of journalistic independence and integrity, and a steadfast commitment to providing the markets with the highest quality, most timely and reliable information.
While Platts employs staff in functions that range from marketing and conference planning to finance and project management, Platts most frequently recruits in the two core areas that drive its business growth: Editorial, which is responsible for generating the content provided to Platts’ clients, and Sales, which initiates and develops relationships with Platts’ broad base of clientele in the energy and metals markets.
Platts’ Editorial team looks for people who have broad sets of experiences, backgrounds, and approaches. We hire people with experience as reporters, editors and business analysts to work with the global markets. In the United States, we have major news rooms in Houston, New York and Washington, D.C.
Internationally, our largest bureaus are in London and Singapore. Our reporters and analysts write business news stories and related market analysis and work against daily, weekly and real-time deadlines. We need people who are flexible and adaptable to changing conditions, and welcome candidates who are multi-lingual and who have worked, travelled or lived in multiple cultures.
Platts’ Sales team looks for energetic self-motivated sales professionals with experience managing customer accounts and developing new business. We specifically seek candidates who have experience working in some facet of the energy industry, selling into energy markets or trading energy securities. Our worldwide customer base is diverse and multi-lingual and we expect our sales force to reflect our customer demographics.
At Platts, you can be sure of joining a fast-paced, global business and playing a role in helping to bring transparency and efficiency to the world’s energy markets.
A career is more than just work -- it's a life decision with far-reaching implications. It's a decision that impacts your family and your friends. It's a decision that influences how good you feel about yourself, what you're working on, and the impact your company is having in the world. And it's a decision that reaches into the unknown future, including your health, financial stability and plans for retirement.
At The McGraw-Hill Companies, we view your career as one part of the whole that makes up your life:
* The benefits of working at McGraw-Hill are many and include excellent health care; work/life programs such as flextime, elder care, child care, and adoption benefits; vacation time; and contributions toward your retirement plan. (Benefits can differ outside of the U.S.)
* We support your career development and growth inside and outside the workplace with training, programs and tuition reimbursement.
* A diverse workforce and inclusive environment is crucial to our success because when you work for us, you serve diverse, global populations.
And our global reach means that you're part of a company that is serving markets and societies, impacting people both in your community and throughout the world.
* Working at McGraw-Hill means creating a smarter, better world. Emphasis on the 'better' in this case; we are highly regarded for our attention to corporate sustainability and responsibility.
We're proud to have been named one of Working Mother magazine's Top 10 Companies for Work For in 2009. Here's what they love about McGraw-Hill:
* "Individual and group mentoring programs are so popular here that new openings fill up within minutes.
* More than one-third of all female employees belong to the Women's Initiative Network, and the number of women in senior manager jobs has risen 30% in five years...
* Finding help with the kids is a cinch, thanks to widespread childcare chain discounts and inexpensive backup care offered in-home and through local centers, available 12 times per year."
Health benefits at The McGraw-Hill Companies vary depending on your country of work.
Retirement and Pension plans
* McGraw-Hill's retirement and pension plans necessarily vary depending on your country of work. For U.S. employees, some of the basics are:
o 401(k) Savings. Company matches 100% of your first 3% pre-tax salary you contribute towards a 401(k) fund, matches 50% of the next 3%.You can contribute up to 25% of your eligible pay, up to the IRS limit
o Pension Plan. The Corporation's Pension Plan can provide you with income during your retirement. Participation is automatic after you meet certain eligibility requirements, and the Corporation pays the full cost of the plan.
o Profit Sharing. The Company may contribute to your retirement income through discretionary profit sharing contributions.
o Employee Stock Purchase. Employees may purchase common stock of The McGraw-Hill Companies through a payroll deduction plan, with no brokerage or commission fees to the employee.
Paid and Unpaid Time off
All full-time employees are granted paid vacations depending on the length of their service. Holidays depend on the country and business unit, but most U.S. business units observe New Year's Day, Martin Luther King Jr. Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving Day and Thanksgiving Friday, and Christmas Day. Employees are also eligible to take three floating holidays throughout the year for religious observances, dependent care, vacation, or to meet other time-off needs.
Corporate responsibility and sustainability is a part of everything we do across the company and is made up of three words: transparency, integrity and longevity.
- Transparency is critical to our products and services.
- Integrity provides the framework for our policies and practices.
- Longevity simply means, we’ve been at this for over 100 years; it’s been part of the way we have done business from the beginning.
Building a Greener Global Economy
Standard & Poor's is providing investors with ways to balance investment potential with environmental responsibility with benchmarks such as the S&P Global Eco Index, S&P Global Clean Energy Index, and the S&P U.S. Carbon Efficient Index.
McGraw-Hill Education is teaching sustainability through its materials and digitalizing education by leading the transition from books to bytes. About 95 percent of our currently available college textbooks are offered in digital form.
Through products ranging from GreenSource Magazine to the Sweets Green Collection, McGraw-Hill Construction is helping lead the industry toward an era of more energy efficient commercial and residential buildings.
Platts and AviationWeek provide information on the clean energy, defense and aviation industries, while J.D. Power and Associates demonstrates to businesses what their customer's attitudes are towards the environment and sustainability.
Diversity at The McGraw-Hill Companies extends well beyond the traditional definition of race and gender; it's embedded in the very way we do business. Because our products and services are so diverse and global -- from credit market analysis in Hong Kong to teaching children to read in Harlem -- our customers could be anyone, anywhere. So we don't just welcome diverse employee backgrounds here -- we seek them out.
We rely on our employees to bring their unique point of view and understanding of the world and apply it to their work. By anticipating our customers' need for information, we provide people with the tools they need to succeed in life.
We are focused on the growth of our diverse workforce through recruitment efforts, internship programs, scholarships, community outreach, and special events. Our recruiters attend events such as the annual meeting of the National Association of Hispanic Journalists and the National Black MBA conference and we have partnerships with HBCUConnect.com and iHispano.com.
We encourage and support the rich interplay of ideas that comes from a diverse workforce. Once you become an employee at McGraw-Hill, you have the opportunity to join one of our employee resource groups where you can connect with people with shared cultural interests and backgrounds as well as interact and learn about other cultures and points of view. Many employees belong to more than one group! The benefits are deep: networking, career development, and mentoring.
Our commitment to diversity and inclusion has won us recognition from Equal Opportunity magazine, HBCUConnect.com, National Association for Female Executives, and Working Mother magazine.
2 people found this helpful
- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Platts full-timePros
This is a great place for working parents - even though their maternity and paternity leave is the standard 6 weeks, the culture promotes a flexible work schedule, allowing people to attend doctors appointments, day care visits, etc. as needed. Outside of editorial, roles aren't constantly tied to the office, and the IT infrastructure allows people to work from home if you have the right relationship with your manager. Coming from the non-editorial side, sales and marketing generally gets to travel a good amount, also. Colleagues are generally nice and professional, which I'd rank as better than average in relation to other work places I've experienced.Cons
Like everywhere else, there are politics. Even though the headquarters is in NYC, the power base has shifted to London, making it more difficult for those working outside those offices to get the exposure needed to move up in their career. They have an excellent on-boarding process, but their training consists of old training modules - you would definitely have to be a proactive learner here.Advice to ManagementAdvice
The CEO is pretty much absent outside of "writing" letters and recording videos about the earnings. Platts is led by a group of general managers (one per commodity group), which have varied styles of leadership and communication. It has its positives but also fosters internal competition for resources and power struggles.RecommendsNeutral OutlookNo opinion of CEO
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Platts, a division of McGraw Hill Financial (NYSE: MHP), is a leading global provider of energy, metals, petrochemicals and agriculture information. With a century of business experience, Platts serves customers across more than 180 countries. From more than 19 offices worldwide, Platts serves the oil, natural gas, electricity, nuclear power, coal, petrochemical, metals and sugar markets. Platts' real time news, pricing, analytical services, and conferences help markets operate with transparency and efficiency. Traders, risk managers, analysts, and industry leaders depend...