Greenwich Associates

www.greenwich.com
Profile Unclaimed

Employee Reviews

Sort: Popular Rating Date
  1. 3 people found this helpful  

    Poor Management, No Direction, No Opportunities

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

    I worked at Greenwich Associates full-time (more than 5 years)

    Pros

    The office location was pretty good since it wasn't in downtown Stamford but still close enough to civilization. Summer hours were a plus. Time off policy was good.

    Cons

    There are very few "managers" there. Oh, there are many Managers but only a few actually know how to manage. And that's a top-down issue within the organization. Since bad managers can't teach new managers how to be good managers, the issue perpetuates. It seems like some managers can get away with almost anything with no repercussions.

    They've hired a lot of senior level people over the last year or two and have let go many of the people who were actually successfully getting things done. Obviously, you can't bring in that level of personnel without having a way to pay for them. Since I don't believe they have increased revenue to substantiate these cost increases, they've made cuts elsewhere.

    There are zero opportunities for growth within the organization. Don't even think about advancing your career here.

    The organization has no direction. I do think they have somewhat of an idea about where they would ultimately like the company to be but they have no real understanding of what to do to get it there.

    There is a real conflict of interest in having consultants, many of which who are also partners, having their hands in day-to-day operations. Their clients say "jump" and they want to jump, which is the nature of the salesman in them. Having a stake in the firm in some ways gives them the authority to push these demands through the pipeline with litle regard for the operations impact/cost.

    Advice to ManagementAdvice

    Some of your departments have literally imploded over the last 15 months or so (secret, unexplained layoffs and terminations, short-notice voluntary resignations/retirements, etc.) which also happens to coincide with a few events/changes that occurred within the organization. When teams falls apart like that, it shouldn't take a rocket scientist to figure out there is a larger issue at play. Sometimes the "face" of a team/dept is not necessarily who is really driving the success of that team and holding things together.

    Learn how to promote from within. And I don't mean just giving somebody a new title with the same responsibilities.

    Get consultants completely out of the operations area. Some of these guys are incredibly intelligent and very good sales people but that does not make them operational experts. Sales should manage sales and Ops should manage ops.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    Interesting work; Lousy pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Executive Interviewer in Stamford, CT
    Current Employee - Executive Interviewer in Stamford, CT

    I have been working at Greenwich Associates part-time (more than 3 years)

    Pros

    The conversations I have with the executives who I interview are frequently very interesting and illuminating. Service company provides can be very valuable to clients.

    Cons

    However, it takes hours and hours to complete all the work it takes to get paid (i.e. the write-ups; the invoices; the repeat phone calls; the poorly worded questionnaires). Frankly, I would not do this unless I thought it was giving me more knowledge about asset management and institutional investors.

    Advice to ManagementAdvice

    Mgt needs to incent and compensate Interviewers much more than they currently do. If the quality of the info they obtain for their clients is not of the highest quality, then the advice they give to their clients will be misleading. Also, for a company whose sole product is based on information, they really need to update their IT infrastructure completely.

    Neutral Outlook
    No opinion of CEO
  3. 4 people found this helpful  

    Very Long Hours for Little Pay and No Growth Opportunities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Client Associate Level I in Stamford, CT
    Former Employee - Client Associate Level I in Stamford, CT

    I worked at Greenwich Associates full-time (more than a year)

    Pros

    Some analysts are intelligent and you have access to senior management/consultants. The casual dress policy makes the environment laid back. The work at times can be interesting.

    Cons

    The pay is very low given the long hours (12-hour days are normal). The company provides very little growth opportunity. Many Client Associates leave after a year because they realize they are stuck receiving very little pay, working long hours, and can't advance their careers in meaningful ways. Nepotism runs rampant at all levels of the company and high turnover causes increased pressure.

    Advice to ManagementAdvice

    Hire more people to reduce the workload and pressure or pay your employees more. Unless changes are made, employees will continue to leave for better opportunities after a very short time.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 1 person found this helpful  

    Don't expect a career here

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

    I worked at Greenwich Associates

    Pros

    The GA Thanksgiving Dinner (if they silll do that, I left in 2005)
    Good Life Work Balance (except for month end and year end)
    The L&D department makes an effort to educate non Partners/Consultants/RAs about the financial world
    Departments run lean and mean so you get to wear many hats. No silos here

    Cons

    Inbred hiring process
    Promotions are patronage driven
    If your not a Patrner/Consultant/RA, you are treated like scum
    Support Teams dont respect deadlines and are vey quick to throw you under the bus
    CFO wants everything yesterday
    Hearing the recording "You have reached the Greenwich Associates Snow Line, The office is open for business" when there is over a foot of snow outside your door.

    Advice to ManagementAdvice

    Your support teams may not have the Ivy League background but you can still show them a little dignity and respect
    Pay a compettiive wage

    Doesn't Recommend
    No opinion of CEO
  6. 2 people found this helpful  

    Nowhere to Go

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

    I worked at Greenwich Associates

    Pros

    Casual dress policy was great, as was half day Fridays during the summer. Time off policy was pretty good. Employs some very smart people that you get to work pretty closely with. I also can't complain about the salary.

    Cons

    There is abosolutely nowhere to go in the company. There is no career path or development. The career development plan that was implemented was really just a facade; nothing was done to improve the employees' skills or to help get them to the next step in their careers. It seemed to be more of a way to get employees to do more without providing any guarantee of advancement. It seems the same "inner-circle" of people are promoted or given new responsibilities. If you are not in that inner-circle, you can pretty much forget it. The CIO/Head of Operations is about as arrogant as you can be.

    Advice to ManagementAdvice

    Give employees a real career path with clearly defined steps to get to each level. The "if you don't like it, you can leave" attitude has got to go. Show loyalty to those employees who have done the same.

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful  

    long hours, good entry level experience

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

    I worked at Greenwich Associates

    Pros

    access to senior executives within the financial services industry; impressive roster of partners at the firm

    Cons

    limit career mobility; limited transferable skills

    No opinion of CEO
  8. 1 person found this helpful  

    Solid place to start a career in financial services

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Greenwich Associates

    Pros

    GA is a collegial firm with a reasonably young and fun analyst force. The lifestyle is good, and young employees here get away with a lot that wouldn't fly elsewhere. Management genuinely wants employees to succeed, either within the company or elsewhere, and will help in whatever ways they can. Casual dress policy is a plus.

    Cons

    In return for good work/life balance the pay is less than you might find elsewhere. Team continuity and culture varies significantly by sector, and your sector placement will have a huge impact in your experience at GA. A botched technology upgrade made life miserable in 2009, but this nightmare should soon be over.

    Advice to ManagementAdvice

    If management does what it says its going to do, GA will be an even better place to work in the future.

    Recommends
    No opinion of CEO
  9.  

    Revolving door for Client Associates because of no $$$

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Associate in Stamford, CT
    Current Employee - Client Associate in Stamford, CT

    I have been working at Greenwich Associates

    Pros

    Very young office, and extremely good access to senior management. I was able to talk to the CEO on my second day at work.

    Cons

    The pay is NOT competitive at all. As soon as anyone has been at GA long enough to know what's going on they leave for business school so that they can make more money.

    Advice to ManagementAdvice

    Raise pay for everyone, people need to be enticed to continue working at Greenwich Associates. And stop charging for everything. Having bagels for people and charging $1 each DESTROYS morale, it seems like GA is making a profit on this transaction.

    Disapproves of CEO
  10. 1 person found this helpful  

    solid place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Client Associate in Stamford, CT
    Current Employee - Client Associate in Stamford, CT

    I have been working at Greenwich Associates

    Pros

    GA can provide a a stimulating and challenging work environemt but depends largely on the dynamics of your group. The people are generally talented and enjoyable to work along side.

    Cons

    Compensation is poor for some roles and morale is awful at times. Employees work longer hours due to mismanagement of technology platform.

    Advice to ManagementAdvice

    GA as a firm needs to set realistic expectations and communicate better on important issues that affect every employee. HR needs to step up.

    No opinion of CEO
  11.  

    Greenwich Associates - opportunity exists, but action needed to capitalize

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Associate in Stamford, CT
    Current Employee - Associate in Stamford, CT

    I have been working at Greenwich Associates

    Pros

    Benefits, work life balance, dynamic industry, intellectually stimulating

    Cons

    Challenging environment, increased competition, partnership structure negates what should be our biggest advantage - flexibility

    Advice to ManagementAdvice

    Understand that our world is drastically different than the environment that the firm grew up in. We need to change with it.

    No opinion of CEO

Work at Greenwich Associates? Share Your Experiences

Greenwich Associates

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.