There are newer employer reviews for CoStar Group
There are newer employer reviews for CoStar Group

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Helpful (3)

It'll pay the rent.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Research Associate in Washington, DC
Former Employee - Research Associate in Washington, DC

I worked at CoStar Group full-time (Less than a year)

Doesn't Recommend
Neutral Outlook
Disapproves of CEO
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

Pros

Being an RA at Costar is by no means the worst thing that can happen to you -- at the end of the day, the job pays $40,000 (at least as of spring 2012) and the benefits are good. In addition, you'll meet some great coworkers -- Costar has been able to benefit from the weak economy and hire smart, engaged, interesting employees who are hard up for full-time positions in the post-recession world.

Cons

Unfortunately, the negatives of the job are so strong that you'll only stay until you land a better gig. The RA position is a (well-paid) call center job. This is obvious. No one needs to have the downside to that spelled out. Unfortunately, in addition to the job being a dead end, a lot of your trainers -- and middle management -- are also in fairly undesirable jobs (example: imagine being a trainer at a corporation with a retention rate probably below thirty percent at the one-year mark). Because this isn't exactly a sales/commercial real estate company, it is hard for even middle management to find a place to go after Costar, meaning they are stuck in a call center factory just like you are -- so even when it's a good day at work at Costar, the bleak truth is that no one wants to be there. HOWEVER -- despite these cons, "it gets better." Stick with the job for six months and you'll be able to add it to your resume, emphasize what you've learned, and land a more normal position at a company where you won't dread going into work every day. Have faith. Because of this, I don't think being an RA at Costar is a bad option for a first job out of school, or if you're looking for something stable between jobs. We all know how bad the economy is.

Advice to Management

It's not really worth getting into, but your product is questionable and your employees are miserable. No matter how many company meetings you convene to talk up CSGP's stock performance and dangle promotion potential in front of RAs, it seems unlikely that these basic facts will allow the workplace to get better any time soon. Management should be ashamed of what a depressing workplace they run, and be taking DRASTIC steps to improve quality of life at Costar.

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  1. Helpful (3)

    Good place to start

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

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

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

    Pros

    If you are intelligent and hard working, you can rise rapidly here. In the year that I have spent with the company, I have seen many deserving employees rise from the positions that they were in. If you recently graduated college, you can position yourself to succeed over the long term, because you have are already a step ahead of your peers. The pay is not bad at all, especially considering the actual job. Building is great. CoStar has built a superior product and brand within the CRE community as well.

    Cons

    One of the biggest problems that the company has is the lack of intelligent employees. Many of them are lazy and looking to cut corners. Many of the employees have not been able to find a consistent job since they graduated college. The job can get mind numbingly repetitive, so try to look for new opportunities or projects within the company. They have new positions opening constantly.

    Advice to Management

    Hire better employees, trim the fat. You can make the portfolios bigger for the people willing to work hard and they will be much happier.


  2. Helpful (3)

    Rise & Shine at CoStar Group!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Associate in Washington, DC
    Former Employee - Research Associate in Washington, DC

    I worked at CoStar Group full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free fruit & snacks (the bananas are always ripe) Dri-fit shirts for volunteering Consistent work schedule The people you work with make this job bearable and are alot of fun Metro paid for if you need to commute Health Insurance and benefits You get to speak to commercial real estate professionals which can be entertaining if you make it so Gains you "commercial real estate experience"

    Cons

    The job itself is not a glamorous one and can be extremely repetitive. You are ranked as a researcher in a heavy metric ranked environment where some flounder while others step up and do really well. However, they have just changed this policy to .... well they don't know yet, so while they are in flux figuring out how to rank the effectiveness of their employers, they are now unable to figure out who is a competent employee anymore. Everyday is about hitting some numerical goal, which is very dangerous as it will always result in misleading data or information because nobody really cares if it is right or not but just if you hit that number. Congratulations! If you hit or exceed the numerical objective for awhile, then you will either get noticed as a steller employee who is great at their job, or questioned for manipulating/making up data. It's a very fine line and otherwise excellent employees have been fired because of it. Additionally, hitting the objectives doesn't make sense as everyone is assigned to a different market and portfolio with their advantages/disadvantages, so the numerical objectives is not an efficient way to maximize the productivity of their employees. Some of the best performers come from the best performing portfolios which has no correlation as to if they do their job well. Somebody with a strong real estate background might want to reconsider taking this position as it will make you question how things are done within CoStar and make you more frustrated coming into work each day. Additionally, the "bonus potential" carrot is hung above your head in trying to meet all their conflicting objectives, and they will find ANY possible way to not give you your well deserved money. It's very difficult to get and I would equate it to being as difficult as firing a flaming arrow, while riding a bucking bronco no less, through a small gelatin target 100 meters away.

    Advice to Management

    Get to know your employees, talk to them, interact with them and figure out what they actually do on a day to day basis rather than looking at a spreadsheet, seeing how many "widgets " they hit that day. This breeds a robot culture work environment where creativity and common sense is stifled and progress within the company can not even be attempted.


There are newer employer reviews for CoStar Group
There are newer employer reviews for CoStar Group

See Most Recent

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