Mergermarket Group Reviews

Updated August 1, 2014
Updated August 1, 2014
16 Reviews

2.8
16 Reviews
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Recommend to a friend
Approve of CEO
Mergermarket Group Managing Director Ben Johnson
Ben Johnson
4 Ratings

Employee Reviews

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  1. 1 person found this helpful  

    Great Experience

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

    I have been working at Mergermarket Group full-time for more than a year

    Pros

    - Laid-back but professional at the same time
    - Fun coworkers
    - Strong support from fellow coworkers
    - Intellectually stimulating
    - Interesting niche company with great potential

    Cons

    - Strong division among the different product groups

    Advice to ManagementAdvice

    - Build more legitimacy in the financial services sector
    - Seek collaborations with industry leading firms
    - Hire more experienced/older individuals (currently very young employees with high turnover rate)
    - Company needs to learn to bring together the different products to provide a valuable service instead of having everything separated

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Senior Client Relationship Manager

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

    I have been working at Mergermarket Group full-time for more than 3 years

    Pros

    - great culture work/life balance
    - smart nice people
    - Nice senior management

    Cons

    - technology is lacking
    - continued training is non-existent
    -salaries below market

    Advice to ManagementAdvice

    more training to develop additional skills

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Good experience

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

    I have been working at Mergermarket Group full-time for more than 5 years

    Pros

    A good business very loyal to its employees and customers. Still has a start up feel.

    Cons

    Not very analytical - staff often get promoted on likability vs talent. Has not adjusted to its size by implementing strong management functions.

    Advice to ManagementAdvice

    More systems in place to ensure quality checks.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Reporters treated poorly

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

    I have been working at Mergermarket Group as a contractor for more than 3 years

    Pros

    Unorthodox payment policies will reward the few willing to work holidays and weekends
    They stock a lot of alcohol in the offices... good if you think highly of beer at work

    Cons

    There's a number of systems built into keeping costs low but overworking, criticizing, confusing, humiliating and otherwise mistreating reporters
    Those who become managers are best at negotiating abuse from above or dealing it to those below
    The editors are inexperienced, not only as editors, but as reporters, and offer little in terms of developing stories -- all they can really offer is criticism, which is constant

    Advice to ManagementAdvice

    Reporters, believe it or not, are professionals. Something should be done so that they are treated as such.

    Doesn't Recommend
  6.  

    It's a vibrant and entrepreneurial company that empowers employees

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

    I have been working at Mergermarket Group full-time for more than a year

    Pros

    The working environment and management is encouraging and spirited to encourage employees to strive for high standard works and results.

    Cons

    The organization structure is a bit flat and does not have much of a defined hierachy to ensure a clear career path and development for employees.

    Recommends
    Neutral Outlook
  7.  

    Great corporate culture

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

    I have been working at Mergermarket Group full-time for more than 3 years

    Pros

    friendly and helpful work environment with growth opportunities

    Cons

    base salary is not that impressive and compensation incentive is decent.

    Advice to ManagementAdvice

    should focus more on employees' work performance rather than sociability and personality

    Recommends
    Neutral Outlook
  8. 1 person found this helpful  

    Nice people in general and reasonable salaries but limited career progression. Good if you have kids.

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

    I have been working at Mergermarket Group full-time

    Pros

    Generally friendly and accommodating management, decent salaries if you are in the right part of the business, some services within the group are seen as a "must-have" by clients. Very international workplace.

    Cons

    The company is essentially multiple different news services run under one roof, with some services much more successful than others. You could end up under a poor manager selling a dud service and working very hard whilst sat next to a lifer with a great service who hardly needs to pick up the phone to secure big sales. What is noticeable is that the talented people with good degrees and ambition tend to move on, generally due to the lack of promotion opportunities and having to work under a manager with less qualifications and intelligence who behaves like a tyrant in order to give the impression that they are qualified management material.

    Advice to ManagementAdvice

    Promote talent, don't be afraid to sideline lifers who add no value even though they have been at the company for years and fast track people with ideas instead. Understand that enjoying a beer and sharing a social background with somebody is not a reason to make them management, the old boys network has severely hampered profitability at this business.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    Avoid like the plague, seriously avoid this company.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Analyst  in  London, England (UK)
    Former Employee - Research Analyst in London, England (UK)

    I worked at Mergermarket Group full-time for more than 3 years

    Pros

    First of all, I have been reading a lot of the comments here on glassdoor regarding mergermarket. I must say that if there is one review you should read and take on when making a decision it’s this one. I am going to give you a real insight to mergermarket.

    There are two benefits to working for mergermarket. One, you can leave at 6pm sharp in the majority of your working days. Second, some of your colleagues become real friends. The rest is unfortunately extremely bad. You will have a good work life balance, but this benefit will become insignificant because of salary and job satisfaction.

    I assure you, mergermarket is lucky that not a lot of people actually take there time to write a review on this website. Otherwise they would have had a rock bottom rate.

    Cons

    I will try and go through all departments and give you an insight regarding the working environment, type of work, Salary (true value) and management.

    Wealthmonitor “wm”. Your yearly starting salary at wm will be 19K, there is no negotiations (Although I must say they might have increased in to 20K starting, not sure, but doubt it…). They haven’t changed this starting salary since the company was founded, so you can imagine the kind of attitude this company has regarding salary. Your salary will then increase to 20K once you pass your probation, always expect a 500-1000 pound yearly increase otherwise you will become very disappointed. However, if you work long hours and actually add real value, then and only then could you expect 1000-1500 pound increase. Yearly bonus could be 1K-2K.

    The actual work you do is basic research and basic data entry, without any exaggeration you will become a vegetable if you do this job for to long. They basically want you to go through open sources and find a specific persons telephone number, address, interests and family members (Stocking people….). You then also calculate how much the person will get if they sell of their stake in the company. It’s a very unscientific calculation based on the companies revenue, this is not analysis you will take the companies revenue and then based on a industry multiple calculate the value, A*B.

    This is basically the kind of job that you will start hating after 3-6 months, there is literally no career progression within the team, no ad-hoc work that you can do on the side, and no training. The work I described is what you will be doing, everyday….

    “IMPORTANT”, this department within mergermarket is most likely going to be outsourced very soon, they have stopped hiring when people leave and only hire for languages that the outsourcing company can’t deal with.

    Mergermarket (mm), mergermarket has two positions which they hire for, the Research Analysts but then also the Deal Researcher, I will try and go over each subject for both.

    Analyst: Your yearly starting salary will be 21K and then increase to 22K when you pass your probation. Or you will just start on 22K, it all depends on the day and the mood of the manager, there is no real policy just as long as its not above 22K. There is no negotiations here you accept or decline its that simple. You can expect a 1K yearly increase as standard, could be less. In this department, if you work long hours and and actually add value you expect a 2K increase. It is very rarely that you will get a increase over 2k, more or less never happens. Yearly bonus could be 2K-4K. Managers has made policy of lying to their employees regarding salary to try and keep individuals motivated, promising higher increases next year but always fail to deliver. As a general rule, done believe anything your manager is telling you.

    Deal Researcher: Your starting salary will be 20K (they might have increased it to 21K, because they have real problems finding people for this role, that stay for longer then 4 months). Same here no negotiations. Yearly increase will be £500 pounds to 1K. If you work very hard and actually add value, well then its still the same amount. Yearly bonus could be 500 punds-1K.

    For the Research Analyst position, your role will involve going though M&A transactions and copy paste relevant information from press releases. If there is a deal value you will add it if not, there will be no analysis to try and evaluate the company. In terms of financials you will look at the companies annual report and copy paste their revenue, EBIT, EBITDA and profit. And then for companies that provide a deal value calculate their net debt. Very simple work. On a quarterly basis you will also work on mergermarkets press releases, you will not write anything just add numbers from the database into templates. Again here this is not analysis, you will only look at trends and calculate simple percentage increases or decreases or market share.

    For the Deal Researcher, your job will ONLY involve findings names for the M&A transactions advisors. And if you want, write the comments to the quarterly reports.

    Debtwire, Your starting salary will be 28K if you gain a permanent role, could be higher, there has been cases of a starting salary up to 32K depending on experience. Here it all depends on how desperate they think you are. Salary increases depends a lot on the managers mood, generally 2-4K, but mostly 2K per year. Yearly bonus could be 3K-5K. You could probably negotiate a bit, but don’t try to hard, this is a company where they generally only look at salary so if you are asking for to much then they will take someone who has less experience and asking for a lower salary.

    “Important”, this is a department in Mergermarket Group, that recently had 6 employees leave all at the same time because they were so unhappy with their working environment. So you can imagine how bad it really is. The manager mistreated and bullied everyone in the team so they resigned and some even left without having another job. They generally take a lot of employees on a contract to keep salaries low, avoid providing benefits and to fire them without legal consequences. If you do a good job they will probably try and keep you on a contract as long as they can to keep costs down.

    CRM, Starting salary is 25K, same here no negotiation you accept or decline. Yearly increase is normally 500 pounds, with yearly bonus of 3K-8K. The actual work is simple client relations manager. You will give the users training on how to use the database and that’s basically it. This is not sales. You will work close with the sales department and will have to do more or less what they tell you to do. The positive with this is that you are generally allowed to work without interference from managers and other colleagues. However, the job becomes very boring after a while, only individuals that are very demotivated would survive in this job. Normally people leave after 1 year.

    In general all positions in mergermarket is a maximum 1 year job, and the company knows this so they would rather see you leave to hire someone new and give them a lower salary then to keep talent in the company. That is why their turnover is extremely high, if you join you will find that there are leaving drinks every month for someone. People leave as soon as they have some experience on their CV that they can use to apply for other jobs.

    Editorial, starting salary is normally 24K for someone with low experience, and they will keep this against you to maybe even offer a lower salary. Increases could be 2-3K depending on performance with a yearly bonus of 2K-5K. This is a sweatshop and employees are treated like cattle in a sink or svim enviroment, without meaningful training or discipline where favouritism seems to be the fastest track to promotion.

    The Managers in Mergarmarket Group is a mix bunch, some actually have knowledge and will treat you with the respect you deserve. But the majority are just clueless individuals that have been in the company since they started their career and have no idea about anything else except what they have learned in mergermarket. So basically nothing…. There has been several cases of bullying because the manager don't like the person and also spying, to check when you leave on breaks and come back. The manager has also asked other colleagues to spy to get information about a employee. But don’t worry you wont get fired, but you will hate your working environment so much that you either resign out of frustration or become very depressed. HR is a joke they have no say in anything and only do what upper management tells them to do. Bullying and mistreating employees is extremely common, it’s a very sad and grey working environment to be in and if you join, start looking for a exit from day one.

    Be aware of this company, you will become very demotivated and at some point feel stuck and very depressed if you cant find anything else. The company doesn't care about their employees its basically a sweat shop where you come in and do the job, (that a monkey could do) to then leave at 6pm sharp.

    Very important to understand is your experience will not be relevant for investment banking or credit analysis or any other “real” financial services job, and the M&A knowledge you gain is very basic and wont be relevant at any job. You will not gain any transferable skills, so you will have to exaggerate or lie on your CV to be able to get a better paying job. There will be no training involved at all except the things you will need to know to do your job.

    Advice to ManagementAdvice

    Honestly, I could write an essay here as well, nothing will change they simply don't care. This is London you can fire half the city and there will still be people that accept the job and Mergermarket Group knows this.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    Very social, not always as professional and meritocratic as I would've liked.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Research Analyst  in  London, England (UK)
    Former Employee - Research Analyst in London, England (UK)

    I worked at Mergermarket Group full-time for more than a year

    Pros

    Location, benefits, "open-planness", friendliness, minimum paper-work.

    Cons

    Senior management is a closed shop of English (mostly) private school types, only caring about the quarterly results (i.e. their bonuses).

    Advice to ManagementAdvice

    Have more of a longer-term vision on the business, spot and promote talent within the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Not a place for real journalism, with bad management

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

    I have been working at Mergermarket Group full-time for more than a year

    Pros

    Good amount of holiday time; various offices internationally; when one's own manager is unapproachable, at least not all managers are awful, so one can try to go to another manager with a problem to get their support when there is a problem (this really isn't a pro, but there is a 20 word minimum here)

    Cons

    Poor base salary, huge focus on cutting costs rather than assessing what investments could make the company money. Unskilled and volatile managers. For those interested to be journalists, stay away from MM. The stories only go out to subscribers, not for public consumption. The stories are extremely repetitive; each person the journalist interviews is asked the exact same questions and stories are only written if they answer specific things. It is like being in a call center, cold calling people to get info from them that they don't want to give. It's data collection more than journalism, and one cannot decipher which journalist has written which story because they all look the same. Boring style, boring headlines. Poor feedback from managers. A lot of criticism.

    Advice to ManagementAdvice

    Learn the trade for what you expect of your own staff

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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