Duff & Phelps – “Too many bush league bankers, but some pockets of gold”

Pros

- The firm is reputable in the valuation world (non-investment banking space) and has several strong employees who are technical experts in the field. This knowledge can be useful.
- Transaction opinion group is ok and the restructuring group is very reputable.
- Generally pleasant and palatable colleagues across the levels.
- Good health benefits.

Cons

- Lack of mentoring and accountability make it difficult for one to advance in their career; however, one will likely advance at Duff & Phelps due to tenure.
- Environment of "get it done" instead of "get it done properly."
- Management is not forthright (or is uncomfortable) providing constructive feedback, which is self-perpetuating and ultimately causes "bush league" work to be produced.
- Recent acquisitions lack cohesive vision, other than they will "grow the practice and expand our presence."
- Below market bonus.
- If you are a true investment banker, don't forget that Duff & Phelps is a valuation firm.

Advice to Senior Management

- Foster an environment of learning where feedback, even in stressful situations, is tolerated.
- Upon acquiring another firm, quickly integrate.
- Provide top-notch training to junior staff.
- Maintain the "pleasant" colleague factor.