GCM Grosvenor

  www.gcmlp.com
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GCM Grosvenor Reviews

Updated Jun 27, 2014

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2.9 17 reviews

62% Approve of the CEO

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Michael J. Sacks

(8 ratings)

50% of employees recommend this company to a friend
17 Employee Reviews
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    • Culture & Values
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    • Approves of CEO

     

    High standards, culture of excellence

    Associate (Current Employee) Chicago, IL

    ProsSmart, motivated people who are here to do great work. Collaborative atmosphere and a staff that is eager to learn make for a great working environment. Management cares about its people and the benefits are great.

    ConsIf you need a lot of hand-holding or think you can get by putting in a minimal amount of effort, you will not last long.

    Advice to Senior ManagementInterns and new associates are given most of the attention regarding development and training, I would expand this to include everyone to identify and develop new leaders within the organization.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Career Opportunities
    • Approves of CEO

     

    Culture and people make Grosvenor a great place to work.

    Anonymous Employee (Current Employee) Chicago, IL

    ProsGrosvenor is an exciting place to be right now. Asset raising is strong and there are a lot of opportunities for strong performers. Generally speaking, the leadership of the firm is comprised of extremely talented people. The job is fast paced and demanding, but that is what keeps it exciting.

    Benefits are excellent. Even as the firm grows, managment has done a great job of maintaining the culture.

    ConsThe organization is relatively flat, which can be difficult for those who come from firms where promotion schedules are more standardized.

    Advice to Senior ManagementAs the firm grows, continue to maintain the culture. Grosvenor has been able to retain its best people in large part because of the culture and the "people first" approach to managing the business.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

    2 people found this helpful  

    The real picture of GCM Grosvenor

    Anonymous Employee (Former Employee) Chicago, IL

    ProsThe only possible pro is compensation, which can go either way. If you find yourself in the "in" crowd, you won't have to much of a problem. They often won't question what you are working on, and being completely lazy and doing nothing is somewhat accepted here.

    ConsBiased opinions, lack of leadership, bullish people, arrogant individuals. The IT department at GCMLP has a lot to be desired. There is a clear lack of respect for management. It is worse than high school in most cases. You are either part of the "in" crowd or you are not. Rather than have productive discussions about improving processes, it often comes down to a "it's my way or I will interrupt you until you concede". Overall it lacks any sort of collaboration, consistency, or even growth. As on person said "This place is worse than high school"

    Advice to Senior ManagementMy advice goes directly to those people in management outside the loop. You need to evaluate heavily who you put in charge. Ask yourself if these "leaders" you put on teams are actually doing what they should. Do they respect your authority? From my personal experience, they clearly do not. At this point you have a bunch of wasted time, and wasted money.

    No, I would not recommend this company to a friend

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    • Culture & Values
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    • Senior Management
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    • Approves of CEO

     

    Great company, outstanding culture

    Anonymous Employee (Current Employee) Chicago, IL

    ProsChallenging work environment with a lot of smart people, great opportunities for career advancement, management is very accessible and interested in employees well being, business outlook is improving

    ConsIf you need constant direction, this may not be the place for you

    Advice to Senior ManagementMaintain firm's strong culture

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    Great place to work!

    Anonymous Employee (Current Employee)

    ProsPositive culture with really nice people. Senior management is accessible and cares about the firm's employees. It's a small firm with a mid-western feel where they hire a lot of smart and capable people.

    ConsThe bar is set really high, so make sure you understand what expectations are from your team/manager.

    Advice to Senior ManagementContinue to encourage a healthy work environment.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
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    • No Opinion of CEO

    2 people found this helpful  

    Software Development - Anything but an example of doing things right

    Quality Assurance Analyst (Former Employee) Chicago, IL

    ProsIf you are looking for a place where screaming and cursing at each other, putting down other team mates, and pointing fingers at others for your own failures is the norm than consulting in the Software Development is the place for you.

    Cons- The software development department claims to be Agile but the free-for-all process among the teams that changes on a daily basis is anything but.
    - People are moved around often and expected to learn new processes and new technologies without any support from management.
    - No on boarding process. You either sink or swim and since you are viewed as a expendable consultant you can be let go at any moment depending on the mood of management that day.
    - Lack of leadership and cocky attitudes from management/leaders
    - Teams are shoved into small rooms with no windows, closed doors, no trash cans and and anything but a breath of fresh air all in the name of 'collaboration'.

    Advice to Senior ManagementGrow up. If you want people to act like adults set an example. Take responsibility for the failures of the software development department instead of trying to blame every consultant who comes through your rotating door.

    – I'm not optimistic about the outlook for this company

    • Culture & Values
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    • Disapproves of CEO

    2 people found this helpful  

    A discombobulated Software Development department managed by awful people

    Consultant – Software Development (Former Employee) Chicago, IL

    ProsThe pay is ok and if work in anything else than Software Development you might like it. Company has money and they're not going to under soon, that if you're interested in job security.

    ConsThe Software Development system that is in place in this company has created monstrosities of projects that are far from being viable. This resulting embarrassment creates an environment where management is looking for a way out and developers to blame. One step that was taken was to put on hold couple of projects that were under development for more than 10 years. That's right, company invested in them for 10-12 years than decided to throw it to the garbage. They also fired some people to send the message that they are taking care of business.

    Middle and upper management are clueless about what to do in order to create good software . Besides being rude and disrespectful, they're making all the bad decisions:

    - investing in multiple off the shelf solutions that vendors promise it'll work
    - no system in place that allows one team to know what the other team is doing (lots of code and functionality replication as a result)
    - not paying attention of what the teams are doing under the hood (what third party artifacts are being used and how could that impact as a whole)
    - don't care about code quality, no code review in place
    - looking for quick and dirty solutions most of the time
    - management is very fond of gimmicky and buzz-wordy tech stuff like: cloud computing, document database, noSQL, and they force this stuff into projects even if it's not needed
    - management does not care about tech things they don't understand (parallel techniques). The rule of thumb for them is: If the tech websites says it's cool we should do it
    - under-staffing projects for which they compensate by micromanaging
    - waterfall development disguised as an Agile shop

    In conclusion if you want to advance your career and learn stuff you will not work here. If you just need money and your willing to let yourself being abused by incompetents you can give it a try.

    Advice to Senior ManagementTake responsibility for what you're doing and stop trying to apportion blame. The software development department has no future as long as the company looks at it as being a necessary evil. Think of way to fix that.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
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    • No Opinion of CEO

    2 people found this helpful  

    A Breath of Fresh Air - flexible, supportive environment

    Anonymous Employee (Current Employee)

    ProsThe software development department is doing so many things right: teams use modern development methods with a 'common sense' mentality, allowing for a great deal of flexibility and an agile response to changing business needs, without getting bogged down by bureaucracy or heavy documentation. Teams are kept to an optimal size, are encouraged to self-manage, and have DIRECT ACCESS to both end users and upper management without having to go through a chain of command. Open communication is encouraged, and people do air issues out head on. Having worked in previous environments where mistrust, waterfall, heavy bureaucracy, and backstabbing were the norm, Grosvenor is a breath of fresh air. The atmosphere is consistently lively and upbeat - it's a pleasure to come to work every day.

    Also – teams are encouraged to TRY things. My favorite thing about working at Grosvenor is the supportive environment. It’s a place where you can experiment with new ideas or approaches, without worry that people will attack you if your first try isn’t perfect. You can push your boundaries and grow, both professionally and personally.

    Finally – there are some really smart, productive, creative - and most importantly – NICE people working at Grosvenor, who foster that flexible, supportive environment.

    ConsLack of consistency across software teams - experiences clearly vary

    We need more collaborative space, and more white boards!

    Advice to Senior ManagementYour people (including contractors) are a great resource. Be sure to invest in them, keep them informed, and listen to their ideas.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    IT/Software Dev Dept Has No Clear Goal, Horrible Management, No Incentive to Stay

    Software Development Contractor (Former Employee) Chicago, IL

    Pros- Opportunity to learn about the fund of funds business
    - Somewhat decent pay (finance/investments industry)

    ConsLacks resource on-boarding documentation and expects full performance within weeks.

    Poor IT management made up of individuals seemingly with no proper management training, lacking leadership and people skills. IT is made up of about 80% consultants who are pushed to perform and care at a full time level but are reminded of their contracted position and "in one day, out the other" deal effectively lowering morale and affecting performance and drive.

    Management lacks the idea of supporting the business and seems as they are only in it for themselves. Software Dev dept is told to build solutions that are not useful or provide the same value a spreadsheet could (this is what I was told when I first started). Many individuals in the business areas have questioned the usefulness of the software development department.

    Full time employees with knowledge could disappear at any moment and this department/organization would be left with consultants that have a tiny fraction of the knowledge the full timers have on each application.

    Projects are thought up by IT management, built, and shelved because there isn't a use for it. At most, 6-10 users for each solution built. No customer-facing products or services that are exciting to work on.

    If you are looking for a place where innovation and positive encouragement run deep, this is at the opposite end of the spectrum. There is no advancement and management is abrasive, condescending, and disrespectful to its staff. Software dev management obviously plays favorites and treats the others poorly instead of keeping a level playing field to allow others to catch up.

    There are plenty other companies in Chicago where the IT environment is led by properly trained and respectful individuals. Grosvenor Capital Management in its current form is not worth the time or the money paid and definitely not worth the slow mental destruction caused by the "leaders" there.

    Advice to Senior ManagementUpper management should take long look at middle and lower management and put them through formal management and LEADERSHIP training to improve their skills and methods of managing OR clear the org chart to make room for leaders that will help push the business forward instead of keeping it back.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    3 people found this helpful  

    GCM is simply okay and even that is an overstatement. There is much left to be desired.

    Associate (Former Employee) Chicago, IL

    ProsBenefits and amazing and the annual holiday party is simply amazing. Pay is ok. Has a strong culture that apparently is geared in favor of the "assets that go up and down the elevator each day". The location is great as well. Really nice office space, except if you work in IT.

    ConsSometimes there are long stressful hours. There is really no room for growth unless you come in at a higher position, above analyst or associate. There really isn't much diversity at the firm. Kind of sad that they typically choose people from Highland Park, where many of the managing directors are from. This also means that there is no loyalty with the firm unless you are "in good" with the management team. In addition, some of the managers I had did NOT have solid people skills. It kind of amazes me how such a person can efficiently manage a team. Unless the firm is doing well, your annual bonus will either be flat or below what it was the previous year, which negatively impacts employee morale. The interesting thing is that upper management bonuses don't seem to be flat, go figure though, right?

    Advice to Senior ManagementWork on bringing more diverse talent to the firm. Improve how you treat your employees. HR can do a much better job with the onboarding and offboarding process. Treat everyone fairly. That's my advice.

    No, I would not recommend this company to a friend

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