There are newer employer reviews for S&P Capital IQ
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Helpful (10)

Irrecoverable from Downward Spiral

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Software Engineer in New York, NY
Current Employee - Software Engineer in New York, NY
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at S&P Capital IQ full-time (More than 3 years)

Pros

Prior to Sr. Management's misguided "house cleaning": *Hard work was acknowledged and rewarded *Work/life balance was actually taken seriously *Emphasis was placed on innovation and creativity

Cons

Now that almost EVERYONE from Technology (Development + Infrastructure) has quit since May 2011, there is hardly any knowledge transfer and an embarrassing zero mentor-ship. Turnover has become too much of a problem and has sent this company into a downward spiral that even those who have stuck around secretly acknowledge is irrecoverable. CIQ used to be a place of innovation and has now turned into a bureaucracy of cronyism. Each individual has his own personal agenda and strife is rampant. Total lack of communication as well, which has actually led to two different groups developing the same application without collaboration and neither side was aware of the other. To make things worse, an initiative to re-organize the company without serious foresight into the complications of integration from an IT perspective has cause numerous frustrations and missed deadlines. There's no turning back at this point - they just let way too many smart people leave at the wrong times. The saddest part is that this company will never fail - there is too much money that can be poured in. However, it has become and will remain a mediocre/ industry player (NOT the leader it used to be).

Advice to Management

I cannot offer any. You've already destroyed what was once a great company. The fact that you do not even see what is wrong nor have done anything to address it is astounding. Just like King Midas, everything you've touched appears to be "turned to gold", when really, you've just permanently frozen everything. Yet all you see is gold and think you've done a wonderful job. Wake up and drink the coffee instead of the Kool-Aid. I hear they are still serving the Kool-Aid at TR. I feel sorry for you when the customers finally realize how much your choices and actions have stifled a great platform and they leave...

Other Employee Reviews for S&P Capital IQ

  1. We are growing up!

    • Career Opportunities
    Current Employee - Software Engineer in New York, NY
    Current Employee - Software Engineer in New York, NY

    I have been working at S&P Capital IQ full-time (More than a year)

    Pros

    Senior management cares about the staff and is focused on addressing long standing gaps created by the old guard. Lots of positive change has been happening over the last year.

    Cons

    The 1% that relied on nepotism and know they are exposed by the changes are good at making noise and hurting morale.

    Advice to Management

    Stick the course -it's already much improved...


  2. Helpful (11)

    The DMV of Financial Services

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Database Engineer in New York, NY
    Former Employee - Database Engineer in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at S&P Capital IQ full-time (More than 5 years)

    Pros

    It used to be great to work here before everyone that knew technology quit

    Cons

    Imagine every aspect of the DMV (slowness, incompetence and lack of motivation) and now apply that to a technology company and you have CIQ. In the past 4 months, 2/5's of the executive board have quit under Lou Eccleston and the technology organization has seen a 40% attrition rate. Anyone with any domain knowledge and technical expertise has quit leaving junior engineers without mentors and leaving the rest of the company without focus which is apparent in their lack of new development outside of boring maintenance projects

    Advice to Management

    Cut all senior management and start new.


There are newer employer reviews for S&P Capital IQ
There are newer employer reviews for S&P Capital IQ

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