Alkermes Reviews

Updated July 18, 2015
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3.4
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Alkermes Chairman, President, and CEO Richard F. Pops
Richard F. Pops
18 Ratings

26 Employee Reviews

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  1. Alkermes

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Clinical Program Manager
    Former Employee - Clinical Program Manager

    I worked at Alkermes full-time

    Approves of CEO
    Approves of CEO

    Pros

    interesting pipeline; effective and innovative CEO; good bonus scheme

    Cons

    there is lack of promotional opportunity; some senior/executive management staff could use a shakeup

    Advice to Management

    find career paths for lower level employees or good talent will be lost


  2. On the upslope of growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Salt Lake City, UT
    Current Employee - Anonymous Employee in Salt Lake City, UT

    I have been working at Alkermes full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Alkermes is a great sized company that provides the flexibility and individual value of each employee while having the resources to support initiatives and programs.

    Cons

    As a small biotech there are limited career growth opportunities in the short term, but future growth should afford significant career advancement options


  3. Helpful (3)

    Growing biotech; good potential, bad behavior

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Waltham, MA
    Former Employee - Anonymous Employee in Waltham, MA

    I worked at Alkermes (More than a year)

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Alkermes is a small, but growing, biotech with a fair product pipeline. Compensation and benefits are good, flex time (department dependent) is great, co-workers are solid. Science is respected, and you will have plenty of opportunities to develop business agility during your time there.

    Cons

    Hang on for a foot stompin’ good time! Oh, wait, no; that’s just someone in the MI wing throwing a temper tantrum. For as much potential as Alkermes possesses, it’s unclear whether it will ever successfully actualize it, or whether internal politics will continue to undermine the company. Individuals who are abusive towards colleagues and staff should be exited from the organization, not retained or rewarded. Senior management, by way of their complacency, has cultivated an environment steeped in disrespect and the Peter Principle, which has caused many talented, collaborative individuals to take their skills elsewhere.

    Advice to Management

    Employees (at all levels) need career development pathways made available to them. That, and sensible, merit-driven promotions would aid substantially in talent retention. Consider the mid-level leaders who are representing you, and the message that their behavior sends – some directors/departments are a joy to work with, others act like schoolyard bullies and leave much to be desired. Pay attention to lower levels within your organization; they have the capacity to add a great deal, but often go unheard and fear management retaliation.


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  5. Sales Operations

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Waltham, MA
    Current Employee - Anonymous Employee in Waltham, MA

    I have been working at Alkermes full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good bennies, huge potential for future growth. Company up and coming.

    Cons

    Boom or bust type of company. Lacks great leadership.

    Advice to Management

    Need to find leaders who know how to lead better.


  6. Helpful (1)

    I worked at Alkermes for 7 years and had a very positive experience.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Alkermes

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    As far as corporate offices go, it's a good balance of working hard and playing hard. People are generally cordial and down-to-earth, although due to the merger with EDT, expansion is causing the social atmosphere to stiffen.

    Cons

    It is located off of Rt 95 smack in between 90 (the Mass Pike) and Route 2 - it's the intersection of some of the worst traffic in Massachusetts. There is no room to grow as an employee...in my 7 years there, none of my contemporaries developed into a larger role. You cannot become a manager or director here unless you already are one from prior experience.

    Advice to Management

    Give employees the ability to grow. It is near impossible to grow out of a low level role here.


  7. Helpful (6)

    Innovative R&D company that demands the best science and work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Scientist in Waltham, MA
    Current Employee - Scientist in Waltham, MA

    I have been working at Alkermes full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Alkermes tries (and successfully) does a lot with a small R&D team. Each person is a highly-valued member of their team and contributes significantly to each project and has a direct impact to that project's development. New ideas are usually welcomed if they are scientifically supported. The workforce is relatively young and makes for a more fun office environment. There are a good amount of managers that care about their direct reports' career development and overall work/life balance. Company does a good job of trying to celebrate achievements with employees and upper management seems to value and be open to questions and comments from the lower-level employees.

    Cons

    Because Alkermes supports so many projects with such a small R&D force, the workload can be at times, quite heavy, with more than several instances where vacation time has been suspended in order to meet project deadlines months before. Career development can be stymied or ground to a halt depending on the manager you have. Some are fantastic, others can be less than desirable.

    Advice to Management

    A stronger focus on career development and promoting existing workers across all departments, not just a few departments would do much to help retain some talent that has been lost over the years. Increased support/funding for additional R&D positions would help return the workload to a more manageable scale for the majority of employees, as people tend to burn out and look for other opportunities, despite having respect for managers, the company and their work. Some departments/managers are fantastic, while others leave much to be desired and seem like a completely different company with less than ideal values.


  8. Helpful (2)

    Staffing not keeping up with growth

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Alkermes

    Approves of CEO
    Approves of CEO

    Pros

    Great benefits, great pipeline, flexible hours/WFH

    Cons

    no focus on personal growth, no onboarding, not enough headcount to account for recent growth resulting in untenable timelines

    Advice to Management

    Consider acquiring a small company so that we have the staff to complete all the work!


  9. Helpful (4)

    Great Experience, just waiting to be a full-time employee.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Alkermes

    Pros

    Beautiful work environment, great co-workers, and excellent benefits.

    Cons

    Company is hesitant to hire someone without the necessary experience, although they are over qualified.

    Advice to Management

    Just a little more chance for advancement and pay raises for younger workers who deserve it.


  10. Helpful (8)

    Tremendous colleagues & good benefits

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Alkermes full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Compensation is above average and despite being over 300 employees on site still has company outing & Christmas party each year.. The scientists are very talented. Company's aggressive approach has been rewarded with the stock nearly tripling over the last three years. Enocourags personal growth and provides the opportunities readily & frequently.

    Cons

    Highly political environment. It is critical for your career and possible employment status to align yourself with key managers and personnel. Once out of favor nothing will restore your "good" status. Emotional Intelligence is much more important than technical skill to do well. Company has become very compartmentalized.

    Advice to Management

    Rewarding only the politically savvy at the expense of losing highly talented technical staff will not allow the company to sustain its highly successful approach it has used to date. The compartmentalization of functions & departments currently occurring is leading to silos and will erode overall effectiveness of the US sites.


  11. Helpful (3)

    IT Project Manager

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Alkermes

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Small co Great leadership Lotsa fun perks Volunteering in community days.

    Cons

    Some lack of direction of business units made supporting their IT needs difficult.



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