Audax Group

  www.audaxgroup.com
  www.audaxgroup.com

Audax Group Reviews

9 Reviews
2.7
9 Reviews
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Audax Group Co-CEOs & Founders Geoffrey S. Rehnert & Marc B. Wolpow
Geoffrey S. Rehnert & Marc B. Wolpow
4 Ratings

Employee Reviews

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  1.  

    Decent returns, good place to learn, tough culture

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

    I worked at Audax Group full-time (more than 3 years)

    Pros

    Exposure to all facets of PE business. See a lot of deals. Decent CV-builder (although less so now than 5 years ago). If you're political, you can carve out a niche for yourself and guarantee a spot through the VP level (when they really begin to weed people out).

    Cons

    Toxic culture. No work-life balance (even by PE standards). Culture is very lord-of-the-flies and animal house. Think "Monkey Business," the DLJ tell-all book. Well-below-market compensation. Very little growth opportunities w/ consistent fund size and investment approach

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  2.  

    Audax Group PE is a great learning experience, but an underpaid, toxic culture sweat shop

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

    I have been working at Audax Group full-time (more than an year)

    Pros

    I am a current investment professional at Audax PE. You learn a ton because you do so many deals. MDs are generally highly competent.

    Cons

    Horrible hours, absolutely awful culture. Senior mgmt does not care about junior employee-- no development of staff, cut-throat culture, obscene hours, and no emphasis on morale or culture. Junior team members were refused the ability to con-invest. So not only are you underpaid relative to market and to the hours your work, you no longer can put any skin in the game.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Learned a lot. Worked a lot.

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

    I worked at Audax Group

    Pros

    Good experience working with portcos.

    Cons

    Long hours and lots of travel.

    Approves of CEO
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  5.  

    Only worth working at if you have zero experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Fund Accountant in Boston, MA
    Former Employee - Fund Accountant in Boston, MA

    I worked at Audax Group

    Pros

    When they have a good year they can have nice holiday parties etc. Nothing compared to other shops though

    Cons

    Very simple basic work
    Make you work long hours for no reason at all
    Promote within, not based on experience overall which leads to classic middle management syndrome
    Treat you like a child
    You have no voice even if what you are trying to say is correct

    Advice to ManagementAdvice

    Try to understand the Audax Group does not rule the world. You could actually keep talented employees if you understood this. It is now filled with untalented individuals

    Doesn't Recommend
    Disapproves of CEO
  6.  

    A chance to skip two years of ibanking and begin investing right out of undergrad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Summer Intern in Boston, MA
    Former Employee - Summer Intern in Boston, MA

    I worked at Audax Group

    Pros

    Summer internship program is really well designed to give you a taste of what it is like to work on the deal team with one week of training at beginning of the program. There is no make work, first week on job I traveled to a management meeting with an MD and VP, I got to work on two live deals and two portfolio companies during the ten weeks. Really liked the people and thought there was a good mix of social events to get to know the senior team.

    Cons

    You definitely work hard and can travel extensievly depending on your deals / portfolio companies. It is a matrix starffing model, so every team you work on differs- which is a con and a pro. Post-undergrad comp scales up significantly in third year after school, so if you're thinking about leaving in first or second year, it's not as lucrative.

    Recommends
    Approves of CEO
  7. 3 people found this helpful  

    A tough place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Associate in Boston, MA
    Former Employee - Associate in Boston, MA

    I worked at Audax Group

    Pros

    A lot of people to hang out with, a few senior people who are really good and nice, and if you like Boston, there aren't a ton of PE firms.

    Cons

    Thank less culture. Underpayment vs other PE firms. Many managing directors don't understand finance. Over monitor portfolio companies. Obscenely long work hours. Condescending and egotistical management.

    Advice to ManagementAdvice

    Chill out. there is no reason to work people the way you do. Pay people a bit more; take a small amount out of the pockets of management to do so.

    Doesn't Recommend
    Disapproves of CEO
  8.  

    Learned a lot, given a lot of responsibility, but more hours and less pay than comparable firms.

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

    I worked at Audax Group

    Pros

    Successful investors who provide good co-invest returns to employees, extremely smart/motivated people, given a lot of responsibility from the get-go

    Cons

    Number of hours expected at the junior levels is excessive, and pay is not at level of comparable firms. Sometimes too much of a black-box feeling about high-level firm decisions.

    No opinion of CEO
  9.  

    Though I no longer work there, I had a positive experience at Audax and would repeat my decision to join the company

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

    I worked at Audax Group

    Pros

    - One of the only PE firms to hire directly from undergrad. 1st year is hard work, but better lifestyle than I-Banks and more meaningful / interesting work. Opportunity to be promoted directly to post-MBA positions
    - Greater responsibility at junior levels than at the large cap PE firms. No hard line between pre-MBA and post-MBA (partner track) employees
    - Emphasis on people development through both formal and informal mentorship. Formal reviews are every 6 months, but people are willing to give feedback between reviews
    - Generally good group of people who are friends both inside and outside the office
    - Free market staffing model allows some flexibility on picking who to work with and what type of deals to work on
    - Exit opportunities to top B-Schools or top PE firms

    Cons

    - Very granular portfolio reporting (do weekly tracking and reporting of weekly sales metrics)
    - Chase every deal mentality
    - Limited opportunity for promotion at senior levels

    Recommends
    No opinion of CEO
  10.  

    n/a

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

    I worked at Audax Group

    Pros

    experience, depth, reporting, wide range of teams

    Cons

    hours, work load, micro management

    Advice to ManagementAdvice

    n/a

    No opinion of CEO

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