Economist Group

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Economist Group Reviews

Updated February 20, 2015
Updated February 20, 2015
51 Reviews
3.2
51 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Chris Stibbs
7 Ratings

Review Highlights

Pros
  • Great brand and editorial quality (in 5 reviews)

  • Extremely smart people, however, I worked here a few years back and they all have left by now (in 4 reviews)


Cons
  • High turnover 90% in finance again b/c managers dont listen to employee concern (in 4 reviews)

  • Unclear career development; lack training and development programs (in 3 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    Bright people

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

    I worked at Economist Group

    Pros

    Decent culture, and bright people to work with

    Cons

    Tough industry and poor systems

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    Good brand recognition, but hard to grow in experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Interaction Designer in New York, NY
    Former Contractor - Interaction Designer in New York, NY

    I worked at Economist Group as a contractor (more than a year)

    Pros

    Brand recognition. High-profile content.

    Cons

    Not a great place for a designer to think outside of the box if they're looking for their designs to actually get produced.

    Advice to ManagementAdvice

    Consider being more open to change and innovation. The brand and management seems have stayed the same for too long.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Join for the brand, leave for the institutional inertia and low morale.

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

    I have been working at Economist Group full-time (more than 3 years)

    Pros

    prestige brand, passionate consumer base, high caliber product - editorial content. Some very bright staff. Brand serves as resume builder.

    Cons

    departmental fiefdoms, aversion to change, sense of stagnation and utter lack of employee development = very low employee morale. Upper management is old boys club. Constant restructuring (ie downsizing) gives a generalized anxiety around job stability. Attrition of high caliber talent. The sense that shareholders are using the company as a cash cow, and not at all invested in the growth and long term success of the business.
    Below market pay. Horrific and constantly dwindling benefits.

    Advice to ManagementAdvice

    Invest in employee retention and development. Increase transparency and showcase different strategy/initiatives. Invest in innovation and growth opportunities. Fix a staff structure for a designated period.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Smart people, intellectually simulating environment and conversations. However, unwilling to change in this time.

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

    I worked at Economist Group (less than a year)

    Pros

    Extremely smart people, however, I worked here a few years back and they all have left by now.

    Cons

    Poor salary. Declining industry. Management unwilling to change.

    Recommends
    Negative Outlook
    No opinion of CEO
  6.  

    Great potential, but management doesn't now how to run the business

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Economist Group

    Pros

    Nice work life balance and great colleagues. Work is theoretically very interesting.

    Cons

    Poor pay and constantly in cost-saving mode. Business is so short-term focused that it can't possibly grow.

  7. 1 person found this helpful  

    Not Worth The Stress

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Analyst in New York, NY
    Former Employee - Financial Analyst in New York, NY

    I worked at Economist Group full-time (more than a year)

    Pros

    Salaries are competitive and everyone knows their jobs really well. The people are very smart and you can learn a lot working there.

    Cons

    It's sink or swim as soon as you come on board. You hit the ground running and there is no effort made on the part of management to help you understand the business. Employees are not respected, especially women. I knew quite a few people who were in tears over the way they were treated by management. Management seems to be scrambling over the decline of the print business and in turn make rash decisions about structural and staff changes resulting in very high turnovers in many of the groups.

    Advice to ManagementAdvice

    Figure out what your strategy for the future is and stick to it. You cannot retain good people if you create an unstable work environment.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Huge consumer brand, but has very conservative and low standards for design and user experience.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Economist Group

    Pros

    Great brand and editorial quality
    Great management team and business strategy

    Cons

    Not a good pay master
    Political at every step of the way -- Editorial & business has built in conflicts

  9. 1 person found this helpful  

    The Economist is a company full of very smart people, yet outdated thinking.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Manager in New York, NY
    Former Employee - Marketing Manager in New York, NY

    I worked at Economist Group full-time (more than 5 years)

    Pros

    Caliber of employee
    Tremendous editorial content
    Prestige brand
    Loyal subscriber base

    Cons

    Antiquated processes and outdated technologies
    Old boys club management
    Pay below market value
    Stuffy culture - it's practically like some people want to project the image of working at a bank
    No vision for next generation content offerings

    Advice to ManagementAdvice

    Invest in new technology and hire people who know how to implement.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    A very prestigious company to work for, with very intelligent staff.

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

    I worked at Economist Group full-time (more than a year)

    Pros

    The prestige of working for such a highly regarded company, good benefits

    Cons

    Low salaries and commission schemes

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 3 people found this helpful  

    Nice people, great valuable brand, fiefdoms stifle collaboration, lots of exec mgmt upheaval, a bit stuck in old ways.

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

    I worked at Economist Group (more than 5 years)

    Pros

    There are many smart, decent people and a few brilliant ones, the brand is prestigious, it's genuinely valuable and highly regarded by many readers. Even though it's a London culture, it's a very global staff -- colleagues from all over the world with very interesting life experiences. There is a unique and interesting history to the organization.

    Cons

    Internal fiefdoms stifle collaboration. NY and London teams are supposed to work together constantly, however London carries more weight, although this fact is sometimes denied overtly. Staff overhead is cut to the bone so people are usually just heads down to get the work done. Points 1 through 3 stifle collaboration across the board and make career dev in NY more difficult. There have been 3 CEOs and 5 heads of the digital business in 5 years. These changes happen with increasing frequency and each brings re-orgs and shifting priorities and loyalties that take everyone awhile to adjust to, highly distracting. The business is feeling the pain that's permeating the publishing industry. Innovation is not a priority, and is poorly supported. And innovation that is powered by customer insight is nil because a kind of arrogant hubris there seems to make the business believe it doesn't have much to gain from learning about the readers. Career opportunities vary according to your location and function. Rashbass is no longer the CEO -- it's now Chris Dibbs.

    Advice to ManagementAdvice

    1) Open up collaboration over content between the analysis of the core magazine and EIU research data, which is an amazing and highly underutilized asset. 2) Move all development, design and UX to London where the real decisions are now getting made -- having such a small team spread so thinly is irrelevant for US marketing and hurts collaboration. 3) Enter the modern age of product and service design, where customers really do matter to the future well being of the business, and starting taking more chances on existing innovation ideas that make sense, stop sitting on them.

    Doesn't Recommend
    Negative Outlook

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