First Annapolis Reviews

Updated March 15, 2015
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3.7
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First Annapolis Managing Partner Marc Abbey
Marc Abbey
6 Ratings

7 Employee Reviews

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  1. Helpful (2)

    100% what you make of it

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Analyst in Annapolis, MD
    Current Employee - Senior Analyst in Annapolis, MD

    I have been working at First Annapolis full-time (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Challenging work, smart people, solid pay, great stepping stone for Bschool, minimal travel, solid reputation within the industry.

    Cons

    Project management isn't regularly monitored or emphasized.

    Advice to Management

    Make a point to smooth out the workload among analysts and maximize the firm's output during business hours before needing to spill into nights/weekends. Invest in developing project management skills in post-MBA talent. Project managers make the difference between enjoyable and unenjoyable experiences for pre-MBA talent at FAC, and disenchanted employees tend to have difficult project managers or higher workloads significantly higher or lower than their peers.


  2. Camaraderie outside of the workplace, work-hard-play-hard attitude, lack of feedback from supervisors

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in Linthicum Heights, MD
    Former Employee - Financial Analyst in Linthicum Heights, MD

    I worked at First Annapolis full-time (More than a year)

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

    Pros

    Gained invaluable experience on several fronts, learned a significant amount regarding the banking and payments industry. Also, was able to work with high-profile clients.

    Cons

    Poor feedback from management, hard to know where you stood as an employee. Very inefficient managers; poor communication between levels.

    Advice to Management

    Make sure promotions are distributed on a merit basis, and provide employees (especially at the bottom of the ladder) with a greater amount of feedback.


  3. It isn't the worst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Linthicum, MD
    Former Employee - Analyst in Linthicum, MD

    I worked at First Annapolis full-time (More than a year)

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

    Pros

    Generous compensation (salary, bonus, 401k, and profit share) Work from home flexibility Loose dress code (shorts in summer and jeans all year) Good opportunity for advancement

    Cons

    A very niched focus - can limit career paths Consultants and upper "management" lacks people management skills Practice area placement will make or break you because of ranking structure and unique management styles Expected to be on-call for ad-hoc tasks and weekend work regularly Near impossible to get constructive criticism / performance reviews Without experience you are not given exposure to certain tasks Monotonous work Snooty culture

    Advice to Management

    This isn't an investment bank - loosen up. Show some recognition and appreciation from time to time


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  5. Work with bunch of smart, collegial guys in a fascinating ethical industry. And make money doing it.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Linthicum, MD
    Former Employee - Anonymous Employee in Linthicum, MD

    I worked at First Annapolis

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Smart guys. Ethical, dynamic industry - something is always shaking. You make consulting mone while traveling one twentieth as much. You work face to face with your clients, who are big hitters and consistent performers at the biggest companies you have (or should have) heard of.

    Cons

    There are two camps of partners. One are really cool and equitable. A true meritocracy. The other camp operates on politics. They managed to oust the founder. The managing partner is a good man, and one of the brightest minds in payments. A couple of the other partners are hot-heads who can either make you or break you.

    Advice to Management

    Please read the following: There are two camps of partners. One are really cool and equitable. A true meritocracy. The other camp operates on politics. They managed to oust the founder. The managing partner is a good man, and one of the brightest minds in payments. A couple of the other partners are hot-heads who can either make you or break you.


  6. I hope you like payments!!!

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Linthicum, MD
    Current Employee - Analyst in Linthicum, MD

    I have been working at First Annapolis

    Approves of CEO
    Approves of CEO

    Pros

    Probably the top payments advisory firm in the world. There is so much knowledge inside the building I don't understand why every payments firm in the industry is not breaking down the doors of this place to get a glimpse of what's inside! Lots of interaction with clients. Senior members of the firm actually listen to opinions of junior employees and try hard to make the analyst life a worthwhile experience - is a two way street though - must give to get. A true open door policy with senior professionals.

    Cons

    Very small firm - at times can feel like a family business, which is good and bad. Star performers hog all the top notch assignments. Is very much an up or out culture. Senior management will not be forthcoming with performance reviews and analysts must be very assertive to become aware of how they are performing and read between the lines. Personal benchmarking to peers is key to success. The senior professionals seem to enjoy watching the junior analysts compete with each other.

    Advice to Management

    Hire a CEO!! Firm leadership suffers from no single leader. The partners lead as a group - though very distracted with client work and business development. As a group, they do not share much information about the partnership with the rank and file.


  7. Helpful (1)

    Really smart and driven people - - but make sure you are aligned with those you work with best

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Analyst in Baltimore, MD
    Former Employee - Senior Analyst in Baltimore, MD

    I worked at First Annapolis

    No opinion of CEO
    No opinion of CEO

    Pros

    Opportunity to learn a lot very quickly. If you take initiative, you will have meaningful roles on projects and can get promoted rather quickly

    Cons

    Your first few projects will make you or break you. Some projects and / or project managers are challenging offering a limited amount of guidance (or in some cases too much guidance).

    Advice to Management

    Promote good patient coaches / mentors and show that their importance to the firm. There are a lot of really smart people but fewer who know how to develop others. The industry and subject (payments industry) can be tough to grasp (especially at first), which makes it challenging for star performers to excel. The firm has the opportunity to retain more high caliber people with a more development type atmosphere.


  8. better work-life balance than larger consulting firms

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Linthicum, MD
    Current Employee - Analyst in Linthicum, MD

    I have been working at First Annapolis

    Approves of CEO
    Approves of CEO

    Pros

    flexible hours, lots of client contact, good bonuses, fast promotion schedule allows analyst to move up to senior roles within a few years, Analyst form close friendships- lots of social events and networking opportunities

    Cons

    weekend work, develop expertise in one industry, long hours on some projects and limited flexibility on project with short deadlines, strong focus on billable hours puts pressure on analysts to work late, up to 30% of compensation comes from bonuses- this is an added stress because analysts must keep their average billable hours up to achieve max compensations

    Advice to Management

    too much weekend work, forces young employees to focus on to a practice group too early, very little structured training- mostly on the job training. Limited formal training hurts weaker analysts and doesn't give everyone the opportunity to progress. The firm should invest in a formal training program during the summer than allows everyone to have the same financial modeling and technical skill be the time the evaluation period starts- analysts that don't have financial modeling experience are at a strong disadvantage to analyst with other backgrounds.



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