Markit On Demand

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Markit On Demand Reviews

Updated Jul 16, 2014

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All Employees Current Employees Only

3.0 11 reviews

75% Approve of the CEO

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Lance Uggla

(4 ratings)

60% of employees recommend this company to a friend
11 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    You'll work with lots of other very smart people!

    Development Lead (Current Employee) Boulder, CO

    ProsThis place is for you if you like being constantly challenged by the work, and by everyone around you. When you have so many smart people coming at you from every angle, it keeps you on your toes. You have to be ready to come up with the creative solution, and then make it faster, make it more efficient, make it more reliable, and make it it slicker. If you want to sit back and rest of your past accomplishments, or just keep turning the crank on what has already been built, you are going to be unhappy, because this won't make your peers or your boss happy, and you'll ended up feeling pressured and stressed. But if you can keep up with the pace, do your share in helping to pull everyone along, and can savor the energy and fast-changing landscape, it's a fun ride.

    The pay scale is not necessarily the highest, but the collective set of benefits, including health, disability, vacation, and even things like lifestyle and culture, have made it an attractive package for me. And over the years, the cash payouts during various company transitions (acquisitions and now stock options on our recent IPO) have been significant.

    ConsThe company is still figuring out how to balance the need for rock solid stability against the need to stay innovative and entrepreneurial. As the company has grown in size and complexity, has added more and more major US and international clients, and been acquired by a larger firm, there is a tension between the need to be "safe" and need to keep pushing boundaries, between bureaucracy and speed, between reproducible processes and innovative approaches. By and large, they have navigated this transition fairly well, but there are still times where things can feel a bit out of balance to one side or the other.

    If you are the kind of person who is threatened by working with peers who are just plain smarter than you are, this is not the place for you. Sometimes those smarts are accompanied by a wee bit of cockiness, particularly as people begin their rise up in the firm (and especially those who are younger) . But by and large folks are pretty modest about their own abilities. Success here requires a willingness to soak up knowledge as fast as you can, and the ability to mesh your abilities in with those around you, (find the gaps, and fill them in).

    The training here is getting a bit better, but by and large, you get thrown into an amazing complex set of interconnected systems and codebases, and have to be able to pick things up quickly.

    Advice to Senior ManagementNow that we are a public company, I hope that the need to satisfy shareholders won't shorten our horizons, or compromise our ability to stay flexible and innovative. As both an employee and now a small-scale shareholder myself, I am more concerned about our long-term success than on short-term quarterly earnings announcements, and hope management we will continue to make smart decisions in balancing short-term profit against long-term growth.

    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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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Manic and dysfunctional

    Project Manager (Former Employee) Boulder, CO

    ProsThe people working here are very nice to work with day to day. The benefits are good, and the office environment is pleasant. Company events that attract many of the employees are fairly common and are usually rewarding to attend.

    ConsSurprisingly, for a company of over 20 years, they still think that promoting tech workers into executive management positions is a good idea. There is practically no leadership worth noting in any of the departments, and the sweatshop mentality quickly punishes initiative. The high turnover is dismissed by upper management as inconsequential, and any specific concerns raised by employees are swept aside. This leads many to leave in frustration.

    Advice to Senior ManagementHire some real upper management.

    No, I would not recommend this company to a friend

    • Culture & Values
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    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    1 person found this helpful  

    I learned a lot while working for them, but it's very much a sweatshop that eats their young.

    Anonymous Employee (Former Employee) Boulder, CO

    ProsThey use a lot of cutting-edge technology

    ConsThe work environment is a sweatshop

    No, I would not recommend this company to a friend

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

    2 people found this helpful  

    Great learning opportunity for motivated individuals

    Web Developer (Current Employee) Boulder, CO

    ProsMany talented web developers and a great work culture create a fun and dynamic place to work.

    ConsIf not living in Boulder the commute can take a toll. With so many developers it can be difficult to be recognized in the crowd.

    Advice to Senior ManagementContinue providing learning opportunities for those that are motivated and have the desire. Recognize the competitive job market in the area and compensate those who perform well in an effort to retain talented and motivated individuals.

    Yes, I would recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Approves of CEO

    5 people found this helpful  

    Good company to work for, needs to re-think hiring and upper management

    Anonymous Employee (Former Employee) Boulder, CO

    ProsNice people, interesting clients, potentially interesting work

    ConsThis company is definitely having some growing pains. There were clearly a core group of people that somehow got “in” during the early years, mostly when they were 22 or something, and five to ten years later these people are running the place. They are not necessarily incompetent, and a few are great, but other than their tenure at MOD they generally have unimpressive resumes including work experience and education. However, they’re in.

    So it goes with startups but MOD seems to be especially bad at adjusting to changing times and a growing company. MOD’s practice of hiring people at the bottom and then moving them up means they are going to have a hard time attracting good talent. No one with a distinguished career and/or prestigious degrees wants to work for a 28 yr. old former yoga instructor-turned- tech executive who just happened to stay at MOD for six years during the earlier days when that was the amount of time it took to move all the way up in the ranks. No one could move up that quickly now and there is an ever-increasing gap between the powers that be and the rest of the workers with a cement ceiling in between. People leave realizing that they won’t ever be in the inner circle and they’re smart so they can take their talents elsewhere. At the same time, the executive team sometimes seems to drive the competent people away. This self-preservation tactic does not bode well for the future.

    Advice to Senior ManagementShake things up a bit. The same ten people can’t have all the say with everything. Pull in some outside upper and mid-level talent, it may make things better. Also, many prestigious companies in Boulder manage to hire from outside of the state. Make it a point to get talent from outside of the Colorado University system (which isn’t that great), instead of hoping a few good people from New York or Cali will wander through your door every couple of years. Boulder is an attractive place to live and some people who would work in the tech scene in San Francisco would also work in Boulder. The company needs to expand their hiring reach to truly become successful. Also, don’t hire people with degrees from the University of Phoenix. Just don’t.

    Yes, I would recommend this company to a friend

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

    1 person found this helpful  

    Good place to gather entry level experience but everyone that is smart leaves

    Software Engineer (Former Employee) Boulder, CO

    ProsBenefit decent. Not bad insurance not great either though. Payed transit if you ride the bus. Free snacks fully stocked kitchen. Some really smart developers work there. Great experience for learning how to handle high traffic site and optimizing for that. Nice to have actual designer making mockup. Well developed deployment process by far the best I have seen for UAT and production, seemless.

    ConsIncredibly high turn over. Average developer is less than 2 years. Small group of senior level developers have high egos and tend to pass mistakes they make on to lower level developers. Also the these upper level developers tend to over commit so will likely be doing overtime to meet project deadlines.

    Advice to Senior ManagementStop letting senior developers blame junior developers so you are able to keep your young new talent. Give developer / managers some training in management practices so projects are not so tight. Pay better especially after new developers demonstrate good work ethics and skills. You can start pay bellow but offer pay raises to junior developers shorly after to keep talent.

    No, I would not recommend this company to a friend

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

     

    Not a place to work long term

    Web Developer (Current Employee) Boulder, CO

    ProsGreat people, and an incredible learning environment. I've learned so much there, it's hard to put it all into words.

    ConsIt is a very off-kilter place to work. I never really know if I'm doing a good job or bad job or ok job, because my manager doesn't really give kudos or criticism. There is no real performance-based compensation at all. I was given a bonus, of $100 after some particularly good work on a project.

    A decent raise for a good developer is around 4%.

    There have been a large amount of people leaving over the last year. Very few people work there more than 2-3 years.

    There is very little communication between teams, which are very separated. Project Managers don't really manage the project, they communicate between the teams.

    Advice to Senior ManagementImplement some kind of performance-based compensation system. Make reviews more common, and less stressful. A simple once-per-month "How ya doin?" would be awesome.

    Make possibly raises worth a person's while.

    Yes, I would recommend this company to a friend

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

     

    Profitable company with great benefits but a lack of structure and top-level strategic direction.

    Anonymous Employee (Current Employee)

    Pros- Benefits like unlimited chocolate, food, coffee and the likes
    - Solid standard benefits from health coverage to vision
    - 3 volunteer paid days off each yr
    - 9-5 standard work days

    Cons- Lack of direction and structure
    - Zero top-down leadership or communications
    - Lack of support
    - Very flat organization

    Advice to Senior ManagementMature the business and processes to better the company. This is no longer a start-up and more structure is required company-wide.

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

    2 people found this helpful  

    Work with great people but an increasingly corporate process

    Software Engineer (Current Employee) Boulder, CO

    ProsEveryone who works here is incredibly nice.

    The deadlines are realistic, and I've never been expected to work overtime.

    The C++ code base is good considering its age

    For the most part, we can use whatever tools we want to get the job done.

    Merit-based culture. If a new person has a good idea, the high-ups will listen.

    ConsThings take a very long time to happen. We still have some things in Visual Source Safe and people on Windows XP who have been promised Windows 7 for a long time, which is preventing us from moving forward on other important technologies.

    We are increasingly getting more process added to our daily work. We have two ticketing systems to track the same things, we have to talk to a dozen different teams to get something tested, and often it feels like you have to play a corporate game to get things done rather than doing real work. I am a software engineer but I do not get to spend nearly enough time writing code.

    Because of the increased process, it seems like it is easier for senior management to ignore things that will be a problem until they actually become a problem, because then we have our line-item justification to fix it.

    Advice to Senior ManagementFocus on removing process that just exists because you think it should. At a certain point, time spent tracking time becomes significant and outweighs any benefits.

    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
    • Career Opportunities

    1 person found this helpful  

    Great place to start your career

    Anonymous Employee (Current Employee) Boulder, CO

    Pros-Everyone in Markit on Demand are super friendly and are ready to help.
    -They encourage you to ask questions and they are pleased to answer them.
    -There is a trust policy in the company which makes you value the company more.
    -Executives are very approachable and eager to meet new employees.
    -So much opportunity grow
    -No lay off history
    -Fast growing company
    -Opportunity to travel and even work in a different country.
    -etc.

    ConsSalary should have been higher.

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

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