First Annapolis

  www.firstannapolis.com
  www.firstannapolis.com

First Annapolis Reviews

8 Reviews
3.5
8 Reviews
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Marc Abbey
6 Ratings

Employee Reviews

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  1.  

    to be the best manager.

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

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

    Pros

    it's the best company ever.

    Cons

    terror kind of workplace environment.

    Advice to ManagementAdvice

    keep up the good job

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 an year)

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3.  

    It isn't the worst

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

    I worked at First Annapolis full-time (more than an year)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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  5.  

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

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

    I worked at First Annapolis

    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 ManagementAdvice

    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.

    Recommends
    Approves of CEO
  6.  

    I hope you like payments!!!

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

    I have been working at First Annapolis

    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 ManagementAdvice

    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.

    Approves of CEO
  7. 1 person found this helpful  

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

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

    I worked at First Annapolis

    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 ManagementAdvice

    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.

    No opinion of CEO
  8.  

    better work-life balance than larger consulting firms

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

    I have been working at First Annapolis

    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 ManagementAdvice

    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.

    Approves of CEO
  9. 1 person found this helpful  

    FAC can be great if you specialize quickly.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - No Longer Employed At FAC.
    Former Employee - No Longer Employed At FAC.

    I worked at First Annapolis

    Pros

    Loose dress code (shorts in the summer, jeans all year). You can get put on quality projects early on in your career. Most people are friendly. The salary and benefit packages are fair or slightly better than those offered at other consulting firms. The location is convenient to Baltimore and Washington D C. You can potentially travel alot (this may or may not be a good thing...). The firm has lots of smart people. There is always something new going on, so even though everything is payments, you are doing something different every day (except for when you are not.)

    Cons

    You have to specialize very quickly or you will never be placed on any projects. Analysts have to do lots of mindless business development work. If you do not specialize quickly you will not get interesting work. Your fate at the firm is determined basically by who you are placed with when you first start. The lunch options in Linthicum are not that great. Upper level employees travel a lot (which may be a good thing but can be tough to manage with a family). Sometimes artificial deadlines are set that make it hard to plan around for out of work activities).

    Advice to ManagementAdvice

    Do something about this: You have to specialize very quickly or you will never be placed on any projects. Analysts have to do lots of mindless business development work. If you do not specialize quickly you will not get interesting work. Your fate at the firm is determined basically by who you are placed with when you first start. The lunch options in Linthicum are not that great. Upper level employees travel a lot (which may be a good thing but can be tough to manage with a family). Sometimes artificial deadlines are set that make it hard to plan around for out of work activities).

    Doesn't Recommend
    No opinion of CEO

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