CWCapital LLC Reviews

Updated June 15, 2015
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2.6
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Charles R. Spetka
4 Ratings

16 Employee Reviews

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  1. Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Real Estate Analyst in Bethesda, MD
    Current Employee - Real Estate Analyst in Bethesda, MD
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at CWCapital LLC full-time (More than 3 years)

    Pros

    Strong network of individuals, from a variety of successful backgrounds. Lunch provided on Friday.

    Cons

    Limited interaction with senior management, or the ownership group Fortress. Roles not clearly defined between titles. Many analysts were doing the same job description as those with higher titles within the group. Pay was below market.

    Advice to Management

    Have more clearly defined roles for analyst positions. Show a clear path, with feedback, as to what is required for success and advancement.


  2. OK spot in a downturn

    Former Employee - Anonymous Employee in Bethesda, MD
    Former Employee - Anonymous Employee in Bethesda, MD
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Lots of exposure to deals of all types and sizes. Coworkers generally have a good attitude. Office is nice. They reimburse for dinner if you work late.

    Cons

    Pay is low. Little room for advancement. Moral is low. Heavy workload with little support. Office politics get old fast.

    Advice to Management

    Make the requirements for promotion more clear. Increase pay for quality employees. Increase time off. More job specific training. More admin support.


  3. Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Seasoned professionals with deep industry connections. Smart people at all levels. Friendly admin staff. Free lunch for Friday and training sessions.

    Cons

    The business model is a bit narrow. But overall, it is a good company for young folks. It could be stressful due to the nature of the business.


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  5. good management, low pay.

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

    I have been working at CWCapital LLC full-time

    Pros

    working envionment, good mgmt, good atmosphere

    Cons

    low pay, no room for advancement


  6. The most unprofessional place I have ever worked

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Real Estate Analyst
    Former Employee - Real Estate Analyst
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CWCapital LLC full-time (More than a year)

    Pros

    frat house like culture if you are into that type of work environment

    Cons

    Unethical, unprofessional and incompetent management


  7. How I enjoyed working at CWCapital

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - QA Analyst in Needham, MA
    Former Employee - QA Analyst in Needham, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at CWCapital LLC full-time (More than 5 years)

    Pros

    The people at CWCapital was really helpful regardless person or job related. Being a minority, I strongly felt that I was received well and respected.

    Cons

    I couldn't think of anything that I can say negatively about the company. I was asked to remove my car from the parking lot once for utility work. The company could have warned the employees before repairing commenced.

    Advice to Management

    Attire code is strictly adhered. However, employees are allowed to wear jean on Friday. Tee shirt and sneaker are still prohibited.


  8. Helpful (3)

    Once a good place to work: now a sweat shop environment, with no recognition for talent and disappointing mgmt.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Bethesda, MD
    Former Employee - Anonymous Employee in Bethesda, MD
    Doesn't Recommend
    Disapproves of CEO

    Pros

    1) Gained responsibility for managing a portfolio of distressed assets. 2) Improved managerial skills by training analysts. 3) Expanded knowledge with various asset classes. 4) Improved multitasking and efficiency skills given the workload and fast paced nature of the work environment. 5) Exposure to senior mgmt and decision makers through credit committee presentations. 6) Friday lunches are free and provided by company. 7) Travel involved with position.

    Cons

    1) Was a good place to work prior to the change in ownership, which seemed to trigger the ineptitude of senior mgmt, yielding a myriad of unexpected and dissatisfying changes. Prior to the change in ownership, although the workload was still heavy, there was some sort of promotional structure in place and there were enough people to do the work. 2) Constant changes and fluctuations in organization structure lead to employee dissatisfaction and unease. It is concerning when the president also makes remarks that shows he doesn't know what direction the company is headed in. 3) Unimpressive management who appear to do no work, have poor communication skills and make no decisions that are in the best interest of their employees. 4) Very top heavy management with majority of promotions only at the analyst and associate level, leading to meaningless titles. Flat structure currently in place where a Managing Director does the same work as an analyst. 5) Owned by stressful private equity firm and management is clearly a puppet of the ownership. 6) Compensation this year did not reflect what senior management was indicating it would despite all of the hard work and fees brought in. No incentive to work or get modifications done. 7) Last minute fire drill underwriting projects. 8) Watching senior management eat lunch in front of you at monthly asset review meetings, while you are not allowed to eat at all (they will send a mean email if you do). 9) Decisions made were not always in the best interest of the bondholders. Fiduciary responsibility does not have a simple meaning anymore. 10) Muddying well publicized Special Servicer duties and responsibilities by purchasing brokerage and management companies. 11) Spent way too much time focused on "being in compliance" rather than working the loans, in order to avoid nasty gram emails and chastise. Many threats to compensation (meaningless) if various compliance measures were not met.

    Advice to Management

    1) Replace current management with pro-active decision makers and doers. All of them are only there by default due to time with the company. 2) Improve communication skills and stop hiding behind a veil. Tell it like it is. 3) Create a promotional org structure again. Maybe add an Assistant Vice President to the title mix. Get rid of top heavy feel. 4) Find new ownership - If senior management cannot protect its people, Fortress will drive everyone away through layoffs and quitting. 5) Create incentive to get realistic modifications done. 6) Stop forcing employees to use owned mgmt and brokerage companies for their properties, when it may not be in the best interest of the asset/bondholders. 7) Reduce portfolio sizes of asset managers – current allocations are way too much to handle, without any help, and be able to focus on the important things. 8) Hire a separate group of people to run the underwriting projects, so that the special servicing group can focus on what they do best. 9) Re-institute the quarterly star award and other metrics to make employees feel valued and important. 10) Act in the best interest of the bondholders, not in the best interest of CW Capital or its companies. Fiduciary responsibility is key. 11) Listen to and take advice from your employees. They really do know best as they are in the grind of it everyday.


  9. Helpful (4)

    Ethical cesspool or sinking ship? Why not both?

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in Bethesda, MD
    Former Employee - Vice President in Bethesda, MD
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Highly capable professionals at the analyst, associate, and VP levels. Free lunch on Friday. Set your own travel schedule. Variety of distressed assets to work with.

    Cons

    Despite crowing about a record year for profits, bonuses were cut across the board. Senior management has no vision, communication skills, or respect for your abilities. Corporate leadership jumps from strategy to strategy without any consistency or attention to core businesses. Top heavy structure means new entry level is Managing Director or above. More MDs than analysts. More SVPs and MDs than associates. No ability for internal candidates to advance. Daily compromises of your professional ethics: if there's an ethical choice to make, senior management will make you choose the questionable one. No respect for the bondholders, "Fiduciary responsibility" is an outdated concept. If there's a chance for a related entity to earn a fee, your business strategy will be altered to accommodate. Lack of vision, interference from corporate owner Fortress Investment Group, and high number of MDs mean that directions are contradictory or impossible to fulfill as everyone looks out for their friends. Clear favoritism toward those who have been at the company longest or have developed friends at Fortress.

    Advice to Management

    Fewer drones, more worker bees. Acknowledge morale has plummeted and your role in causing it. Try to provide a strategy that involves internal promotion and opportunity instead of constant outlining visions with no role for those currently at the firm. Learn to communicate and be visible, not hiding in offices changing the org chart for the umpteenth time.


  10. Excent Company in Irvine.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Irvine, CA
    Former Employee - Anonymous Employee in Irvine, CA
    Recommends
    No opinion of CEO

    Pros

    Great managers in Irvine Office. Respectul and caring for the employees. Overall good pay and benfits.

    Cons

    The business can be hectic and stressful, but overall no real cons for the company.

    Advice to Management

    Great company to work for.


  11. CWCapital is Synonymous for Sweat Shop - Herculean Effort Expected with Minimal to no Recognition

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Analyst in Washington, DC
    Former Employee - Loan Analyst in Washington, DC
    No opinion of CEO

    Pros

    1) Several training sessions are provided for employees; however this is done primarily to garner higher ratings from the Credit Rating Agencies. 2) There are several company "happy hours" provided through out the year. 3) Most of the employees are easy going. 4)The work was challenging and varied. 5) Competitive environment

    Cons

    1) Poor work flow management . Department functions were changed and revamped several times. Action taken by management was ill-conceived as unintended consequences lead to more changes to departments. 2) Expectations, time and resources were unbalanced. 3) Upward mobility is non-existent for most. There is a flat hierarchal structure. 4) Mentorship was reserved for a select few 5) Consistent unequal work load distribution

    Advice to Management

    1) Improve management overall; 2) Give credit where and when credit is due to employees; 3) Provide equal and sufficient resources to all not a select few



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