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1 person found this helpful  

A good experience but not overwhelmingly hands-on

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

I worked at Markit as an intern for less than a year

Pros

The VPs care about the internship program - weekly brown bag lunch seminars, company-wide presentations about different products, and of course Beer Fridays. The office is set up like a trading floor - no cubicles.

Cons

The tasks that I was assigned during the internship gave me enough to develop some Excel competence, but not much beyond that. The amount that you learn varies a lot from one department to the next, so do your research.

Recommends
Neutral Outlook
No opinion of CEO

Other Reviews for Markit

  1. 4 people found this helpful  

    Work here at your own risk!

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

    I worked at Markit full-time

    Pros

    - Employees - (majority are) hard working, smart, helpful, fun to work with
    - Stock options (if you can get them)
    - Free food - some healthy choices (fruit, yogurt, milk, etc) and lots of junk food and soda
    - Car pool paid for and extra $1 per day (can be donated)

    Cons

    - Management
    A lack of training/education and experience has a lot of people in positions they shouldn't be in. Promotions are based on time spent at the company and how well you get along with your manager. No consideration given to true talent and potential among employees. If you have an opinion differing from your manager's, expect to be automatically below average on reviews.

    - Turnover
    The rate is beyond unbelievable, with the Boulder office tracking at over 50% per year. Given the poor economy the last few years, this rate is actually a bit subdued as many employees are waiting for the markets to pick back up. One group had the entire team replaced every summer for 3 years as all of the team members jumped ship to move to greener pastures. Those that make it to 1 year of service only do so to avoid the appearance of job hopping. Many can't make it that long, and its not uncommon to see people leave after 3-6 months. A quick search on a job searcher will reveal about 10-15 openings at Markit on Demand any given week, and yet the company has not grown beyond its current size (~425 in Boulder) over the last 2 years.

    - Project Management (its not really project management, rather customer support)
    The project managers themselves are actually hard workers, but there is little to no knowledge (for the most part) of actual project management principles. Majority of the project managers are financial analysts who came to work for Wall Street on Demand and had 0 experience in software development practices. Many of these folks are now leading up the teams and providing little in the way of instruction or mentorship. The project managers are expected to be customer support and as such, typically only have 1-2 clients as the majority of time is spent fixing customer issues on poorly built software.

    - Workload
    Those that take pride in their work put in long hours to try to keep the house of cards from falling. It isn't uncommon to have releases take multiple days due to insufficient time for QA cycles as development is continually late in delivering milestones. Pricing and sizing is thrown right out the window as most estimates are targeted at landing a client vs providing a good faith estimate. This in turn cuts down on the actual time needed to design, develop, and test the software and leads to many delays. The client is pretty much locked in at that point since too much time has passed to go with a different solution. Its not uncommon for the client to demand refunds and eventually go to another vendor.

    - Training/Education
    There is a 9 week course for new developers to learn introductory web and SQL programming skills as well as the company. Beyond that, no other opportunities are available to improve skillsets (and the fact there is no time available to do so).

    Advice to ManagementAdvice

    There are a lot of opportunities to be the best in the business in this niche market. Focus on quality managers...those that have people skills, knowledgeable about the industry, and best practices. Listen to your employees, too many people are leaving, and nothing is changing to fix that. Don't hire everyone straight out of college, look for seasoned employees to provide mentoring to the newbies.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Great at first, downhill quickly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Project Manager  in  Boulder, CO
    Current Employee - Project Manager in Boulder, CO

    I have been working at Markit full-time for more than a year

    Pros

    Benefits, office, developers, technology, 24-hour support

    Cons

    Pay, managers, parent company, expectations, clients

    Recommends
    Negative Outlook
    No opinion of CEO
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