Markit On Demand Reviews

Updated March 7, 2015
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3.1
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Lance Uggla
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Employee Reviews

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  1. Great people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager
    Former Employee - Project Manager

    I worked at Markit On Demand full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great company culture, lots of great people, and chances to work with a small team you really get to know. Great flexibility. Excellent directors who are much more than figureheads.

    Cons

    Running very lean, all teams are working at full-bore all the time, which means hectic scheduling and lots of time pressure. Tons of turn-over, like all tech.

  2. Helpful (2)

    sick company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Boulder, CO
    Former Employee - Project Manager in Boulder, CO

    I worked at Markit On Demand full-time (More than a year)

    Negative Outlook
    Negative Outlook

    Pros

    Some nice people. Plenty of parking. A few company parties outside every year for free.

    Cons

    Aweful senior management consisting mostly of former techies that are now simply more senior. Design dept is run like a separate company, which seems to protect the design people from the illness that is the rest of management.

  3. Helpful (1)

    Nice people, but you missed the boat if you're thinking of joining now

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

    I worked at Markit On Demand full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    The work-life balance at Markit can't be beat: amazing benefits, time-off, everyone leaves at 4:45 on Friday etc...

    Cons

    If you are thinking of joining Markit now and making a career of it, you are a few years too late to the party. Following up on some previous comments, the upper level management here is pretty bad and it's the kind of place where you are constantly asking yourself "how did THAT person get into THAT position?!" It will never be clear how some of the people at MOD got the jobs that they did, other than they got in early or at the right time and just got pushed up the pyramid because there was no one else around to do the job. Getting any sort of promotion is pretty much impossible now, and there is virtually no career development except for a select few people where again it is unclear how one can make it into this subset. The term "grandfathered in" takes on a whole new meaning with Markit, and you will be amazed at the types of workers who have been able to hang on for years and years at a high level despite very low-impact work.

    Not to be all negative, I met some of the most amazing people I have ever worked with at Markit. Nonetheless, a lot of the upper level management seem to do very minimal work and are probably pulling in a huge salary...not to mention the incompetency.

    Advice to Management

    Hire people at an appropriate level and promote them accordingly. Throw people a bone every once in a while (or at least once every 2 years) with some sort of small title promotion or SOMETHING - don't make people wait forever to get any sort of recognition for their work. Work with employees to develop a career plan and set clear goals. Also, re-evaluate everyone who is currently employed and don't be afraid to "cut the fat" to make the company more efficient.

    Most importantly, however, try to understand that hiring someone new is exponentially more expensive than giving a productive current employee more than a 2% raise. Most modern successful tech companies have realized the value in hiring the right people, paying them appropriately, and incentivizing them to stay. Markit instead hires some of the wrong and some of the right people, gives everyone a tiny raise, and they blows off questions about turnover citing the location in Boulder, CO as the primary reason people leave.

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  5. Helpful (1)

    A pleasant environment with smart coworkers, but dry subject material.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Web Developer in Boulder, CO
    Former Employee - Senior Web Developer in Boulder, CO

    I worked at Markit On Demand full-time (More than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Reasonable work-life balance; working on weekends happened occasionally but not regularly, maybe 2 or 3 times during my 2 years there. Good coworkers, a lot of talent at the company, and a lot of nice people. Although I didn't go through the program myself, their "Developer University" (DevU) program usually gets high praise from incoming graduates (~90% direct hire rate after graduation IIRC).

    Cons

    Markit makes web pages for large financial companies, and the kinds of web pages those companies buy are about as dry as you would expect. After a while, it feels like you're making the same web page over and over again, just with different branding. Developers are highly siloed by specialty (different teams for front end, SQL, alerts, algorithms, etc) and it doesn't feel like there's much opportunity to move around and try new things. "Moving up the corporate ladder" means becoming incrementally more "manager-y", which some people enjoy but wasn't really my thing.

  6. Helpful (1)

    Decent work environment, disappointing salary

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Boulder, CO
    Former Employee - Software Engineer in Boulder, CO

    I worked at Markit On Demand full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    There are a lot of smart people at the company... they just don't stick around very long. Their developer university program is actually a really good opportunity for people to get their foot in the door and build up a resume, so that's definitely a positive.

    The company is generally stable, and (outside of some teams), the work/life balance is ok.

    People there are generally pretty nice.

    Cons

    Management seems disconnected and absent. They listen, and they're generally intelligent, but they'll rarely champion a venture or do anything proactive. It seems like most moves are purely reactive. You tend to get the impression that most of the big problems have been solved, and their goal is to just not kill the golden goose. They're nice people, but there isn't a lot of passion.

    Salary is well below market. Senior management is aware of this, but it's been a problem for years, so I can't say they're serious about addressing it. It might be more of a feature than a bug -- they don't really /need/ top people so they're not really willing to pay for them. They do this thing where they basically ignore any requests for a raise until the person brings them an offer sheet, at which point they'll match. Ok, but forcing people to already have a foot out the door in order to get a competitive salary is not a great way to breed loyalty. Not surprisingly, turnover is high.

    Most of the software they create does not require a rocket scientist to produce since the platform is largely built out already. Mostly it's just gluing things together.

    They're also weirdly attached to a lot of tech decisions made long ago that really don't make sense anymore. There are definitely a lot of legacy systems that would probably take a good engineer 2-3 days to replace in a much better way, that they've just hung onto out of sheer stubbornness or because of not-invented-here syndrome.

    Advice to Management

    Fire the bottom half of the development team and double the salaries of the ones you keep around. That seems harsh, but there are a lot of people there that have essentially made a career of being mediocre and wasting other peoples time, while the best people leave because they're underpaid and they have to routinely deal with people that cause them to scratch their head and think "why am I here and how is that person even still employed?" And then they watch their smart coworkers walk out the door and think "I should probably do that too".

    The POC ("Point of Contact") system sucks. I get the idea, but being assigned random work based on your coworkers whim is annoying. (Not to mention that the morning role call seems slightly insulting). Unfortunately the whole POC thing also tends to preempt actual management. Frequently you end up having to do things "because the question came in on your POC day", rather than the team lead assigning it to the person who would make the most sense. This leads to people being distracted from the actual projects they should be working on, because something random came in and they have to deal with it, even if a teammate knew 10x more about the issue and wasn't super busy.

  7. Helpful (1)

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Development Lead in Boulder, CO
    Current Employee - Development Lead in Boulder, CO

    I have been working at Markit On Demand full-time (More than 8 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    This 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.

    Cons

    The 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 Management

    Now 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.

  8. Helpful (5)

    Manic and dysfunctional

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Boulder, CO
    Former Employee - Project Manager in Boulder, CO

    I worked at Markit On Demand full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    The 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.

    Cons

    Surprisingly, 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 Management

    Hire some real upper management.

  9. Helpful (1)

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

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

    I worked at Markit On Demand full-time (More than 3 years)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    They use a lot of cutting-edge technology

    Cons

    The work environment is a sweatshop

  10. Helpful (2)

    Great learning opportunity for motivated individuals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Web Developer in Boulder, CO
    Current Employee - Web Developer in Boulder, CO

    I have been working at Markit On Demand full-time (More than 3 years)

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

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

    Cons

    If 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 Management

    Continue 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.

  11. Helpful (6)

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

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

    I worked at Markit On Demand full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Nice people, interesting clients, potentially interesting work

    Cons

    This 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 Management

    Shake 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.

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