Markit

www.markit.com

Markit Reviews

Updated January 23, 2015
Updated January 23, 2015
313 Reviews
3.1
313 Reviews
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Markit CEO lance uggla
lance uggla
169 Ratings

Review Highlights

Pros
  • good work life balance, benefit is ok, working hours are more than reasonable (in 34 reviews)

  • Exploitable working environment (in 18 reviews)


Cons
  • Very poor senior management, no long term strategy other than sell for as much as possible in an IPO (in 17 reviews)

  • Senior/middle management on the most part can be trusted about as far as you could throw them (in 13 reviews)

More Highlights

Employee Reviews

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  1. 5 people found this helpful  

    A tale of two cities.........

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director
    Current Employee - Director

    I have been working at Markit full-time (more than an year)

    Pros

    Markit employes some incredibly talented, hard working and dedicated professionals.

    Cons

    Unfortunately, senior management, with few exceptions is focused on "the next deal" instead of addressing growing product and technology issues. The cheapest possible route is the only one taken.

    Additionally, some MDs are completely out of their depth. A handful are so destructive and completely unhinged yet remain untouched. The executive team is well aware of these individuals yet does nothing. They routinely bully, abuse and mismanage their respective teams. One in particular is so loud and abrasive, sharing every personal detail to the dismay and disgust of fellow employees.

    Advice to ManagementAdvice

    Try managing............

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    AVP

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Markit

    Pros

    Growing company and good work life balance , young crowd

    Cons

    Nothing main steram, less exit opportunities

  3. 2 people found this helpful  

    Decent place, up and coming name in Financial services industry

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

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

    Pros

    Start-up culture, hardly any bureaucracy.
    Decent pay, slightly less than banks but good work-life balance.
    Good NYC location.
    Young workforce.
    Good training.

    Cons

    Some really smart people but some are pretty dumb.
    Technology is not the best in the industry.
    Some people tend to think of it as just another data company or financial software company.

    Advice to ManagementAdvice

    Spend on technology.
    Hire smarter people.
    Spend more on your employees.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Very clicky company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Markit full-time (more than an year)

    Pros

    Has the feel of a data company not pressure filled.

    Cons

    Promotions and salary decided by office politics.

    Advice to ManagementAdvice

    Managers need to gain technical proficiency for the jobs they lead.

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

    "The real fact"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Developer in New York, NY
    Former Employee - Software Developer in New York, NY

    I worked at Markit part-time (more than 3 years)

    Pros

    Work life balance. Nice people to work with ( Mostly depending on the product you re working on). Great location.

    Cons

    You can write a blog about the cons. In nutshell stay away from this company, especially from the Equities and Indices development team.

    Mid level managers without prior experience or a collage degree, exceptionally good in bullshitting and bullying.

    Advice to ManagementAdvice

    Time to cleanup. Don't let a bunch of craps to deface the company's core value.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Its who you know not what you know

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director, Sales in New York, NY
    Current Employee - Director, Sales in New York, NY

    I have been working at Markit full-time (more than 3 years)

    Pros

    Markit pays a slightly higher base salary than many firms but if you are in sales there is no commissions paid only an end of year bonus which is discretionary and in recent years is a joke.

    Cons

    Idiotic start time of 8am for sales. Long hours, no flexibility to work from home, sales management from the global head on down has no clue as to what they are doing. Environment that rewards favoritism and overlooks ability or production. Sales global head would rather hire from outside than promote from within and usually does so with disastrous results

    Advice to ManagementAdvice

    Learn how to identify talent, create business plans and communicate to teams, create a positive environment (especially in sales). Replace current sales management with people that are capable.

    Doesn't Recommend
    Negative Outlook
  8. 2 people found this helpful  

    Do NOT work @ Markit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - They Don't Even Know What I Did in New York, NY
    Former Employee - They Don't Even Know What I Did in New York, NY

    I worked at Markit full-time (more than 3 years)

    Pros

    decent vacation to start and great health benfits

    Cons

    Most managers are liars, try to set you up for failure and if you're in your 40's Fugetabouit

    Advice to ManagementAdvice

    Completely re-staff your whole management team(s).

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  9.  

    Positive experience at Markit in Dallas

    Current Employee - Technical in Dallas, TX
    Current Employee - Technical in Dallas, TX

    I have been working at Markit full-time (less than an year)

    Pros

    High-performance co-workers + laid back environment. Usually don't have to work more than 40 hours per week. Bosses are unpretentious; everyone relates to everyone as equals. Relaxed dress code. Free lunch 4 days a week. The ping pong table gets a lot of use. They are OK with you working on other software on your own time, as long as you declared it before employment and it is not related to their business. They are flexible and understanding of situations that come up. They are more interested in your work output and results than rigid rules. Good rewards for finding people for them to hire. Start out with 3 weeks vacation.

    Cons

    Half of bonuses paid out the following year, and half the year after that. Free soft drinks and some free snacks (a con for my waistline).

    Advice to ManagementAdvice

    Need to work on better project management. Internal cost for virtual machines is ridiculous; a dedicated hardware machine should be cheaper.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 4 people found this helpful  

    A real review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY

    I worked at Markit full-time (more than an year)

    Pros

    NYC locations are convenient, good medical

    Cons

    1) Management – the average age of Director/MD are 35+ with minimum management skills (no prior mgmt experience, training, or education). They basically were at the right place at the right time when the company expanded very quickly.
    2) Pay is below industry average. I went out to the open market and was offered 30% more. Bonus is a joke across the board.
    3) The company is very immature. Too many mergers and acquisitions in a 10 year time period causes problems developing processes and procedures. The turnover is very high.
    4) The role of HR is to protect management
    5) Mgmt and its inner circle are bullies. If you express ideas they don't agree with be prepared to be bullied.
    6) If you work at the Park Avenue office be prepared to witness your colleagues/coworkers treated inhumanely as they are seated in aisles. While many MD’s are seated in areas that are big enough for 2 or 3 people.
    7) Inflated titles that do not represent the aptitude of a person. I worked with people who were "VP" and had a total of 4 years of work experience. The titles do not correlate with the financial services industry where having a title of VP means something (mostly likely a recruiting tactic).

    Advice to ManagementAdvice

    I spoke to senior management while i was there and none of my concern were addressed.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11. 3 people found this helpful  

    Could be so successful...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Markit full-time

    Pros

    Nice mix of technology and finance. Some fun people who are willing to dive in and stick with you to tackle challenges if you partner with them.

    Cons

    Uses 'startup culture' as an excuse for not developing with specifications, defined client expectations or responsibilities and true project planning. Near constant state of (avoidable) chaos. Lack of ownership across all groups and levels. Ineffective management with lack of experience in true managerial roles, decision making and ability to take charge. It seems like those that last embrace complacency. Significant turnover.

    Advice to ManagementAdvice

    Better recognize technical leadership versus managerial leadership. Reduce hierarchy unless it adds value to the product, client or employee. Implement processes to support holistic thinking and accountability from development and quality assurance. Define project management procedures to support timeline management and adherence.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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