Management Planning Reviews
Pros – Small firm feel, colleagues are respectful and helpful, princeton new jersey is a good place for new families. Individual effort is really visible and senior management can recognize and applaud superior performance. Recent infrastructure overhaul and focus on long term growth of company is a good sign. Everyone has a change to give input and contribute to larger company decisions. Privately held company with profit sharing package for upper level management. Good transparency between different pay-grades. Relaxed but focused atmosphere creates a good environment for over-achieving. Many employee events for moral and work breaks during the year. Decent postgraduate pay.
Cons – The business is somewhat commoditized, and the day to day assignments tend to be somewhat of a chore. Proprietary models could use improvement, and the nature of the tax consulting business for clients opens up many potential conflicts of interest that have resulted in MPI having to defend its valuations for hedge funds and private equity groups obviously set up with multiple entities to evade taxation and violate the spirit of the law. The recent branching out of MPI's business to serve investment banking needs is somewhat trivial and not a core competency that can add value to the company. The small size and limited scale of operations does not create many attractive exit options. Princeton NJ is not known for its financial centers, although there are many hedge fund groups in the area. The city is not too favorable for younger workers who prefer the atmosphere of new york city, which is nearby
Advice to Senior Management – As a growing practice, there are several issues with regards to retaining talent that the human resources needs to address. Offering more competitive packages would go a long way to make sure that new talent does not leave after a few years to pursue more lucrative opportunities
Pros – MPI has many very intelligent individuals working at the company. As a young employee, there is a great opportunity to learn from them. MPI conducts valuations for many different types of companies, so employees can learn a great deal about different types of industries and business procedures. One of the best and most exciting aspects of working here is performing on-site due diligence and communicating with upper management of clients.
Cons – Much of the work becomes very repetitive, tedious and somewhat mindless. The company's revenue has been stagnant for several years and there is not very much room for growth. Management tends to treat junior-level employees as drones, most likely due to the fact that upper management and successors are pretty much set in stone for the next 15-20 years. Between the latter, lack of future growth opportunities and very obvious favoritism within the company, there is almost no ability to advance within MPI.
Despite all of this, if an employee chooses to leave the company and pursue other opportunities, upper management seems to take it as a personal sleight. Upper management is also unnecessarily and bizarrely secretive about many things, including fairly inconsequential items. Furthermore, their interactions with one another often resemble the movie "Mean Girls."
Advice to Senior Management – Become more transparent. Show greater appreciation for employees and create better advancement opportunities.
No, I would not recommend this company to a friend