Mergermarket

www.mergermarket.com
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Mergermarket Reviews in New York, NY

Updated February 26, 2015
Updated February 26, 2015
10 Reviews
2.4
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  1.  

    Startup myth has persisted

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

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

    Pros

    This is a company that has traded for a long time on its startup origins, cultivating the myth that it is a relaxed, non-hierarchical, people-friendly place to work with impeccable journalism ethics, etc. If you can look beyond that myth, you simply find a midsize corporation looking to get larger, with typical priorities: first shareholders, then customers, then employees. It provides enough benefits and flexibility to get away with paying below market salaries, and tries to generally obey HR law and produce accurate content. There are lots of good eggs, and a few bad ones, but the pros and cons come down to the same element. It is a corporate place, and the good (corporate health benefits) comes with the bad (top-down policies, sexism, etc).

    Cons

    That said, there are a lot of things that this company probably does worse than others. Salaries are moderately to severely below market and raises are practically nonexistent, even for promotions (0%-1.5% annual raises, up to 4%-5% if you're lucky for a big promotion). Health benefits are pretty good but employee contributions to monthly premiums and deductibles are on the high side. Flexibility depends entirely on the manager and there are many that allow it, and some that don't. Training for new people is inadequate and those who don't catch on are often not helped - sometimes they are and this also depends on whether their manager notices and/or has time to do training. There isn't much room for advancement for most employees, and I have heard it is even worse for women. The atmosphere seems pretty neutral but if you take a closer look, the work environment does seem to favor white males.

    Advice to ManagementAdvice

    I believe management is aware of most of what is written in this review and others. If they choose to take action, they will, but so far they have not.

    Doesn't Recommend
    Neutral Outlook
  2. 2 people found this helpful  

    This firm does not reward smart people who work hard and produce quality content

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

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

    Pros

    Despite the firm's issues, it does have a handful of very smart employees who are fun to be around. Unfortunately, there isn't much to say beyond that.

    Cons

    Since being sold to private equity, the culture changed drastically. The focus of the content went from quality to quantity. If you want to be challenged intellectually and to work on interesting things, this is not the place to go.

    Pay is pretty weak and bonuses may as well be non-existent. Pay bumps are either 0% or 2% annually. So, you're essentially taking a pay cut to work there year-after-year when you factor in the rising cost of living. If I could give zero stars under "Compensation & Benefits," I absolutely would.

    There is little-to-no upward mobility at all and the variety of work is extremely limited and became less and less interesting and stimulating in my time with the company. There is virtually no reward for doing challenging and thought provoking work - you will not be paid better than your peers who do next to nothing to get by. Unless you enjoy writing the exact same type of story, day-in and day-out, I'd stay far away from this place.

    Last, but not least, being behind a pay wall makes it challenging to exit to another publication. If for no other reason than no one can ever actually see your stories.

    Advice to ManagementAdvice

    Unless your goal is to run the about.com of M&A news, you'll have to better reward the intelligent people that do good work. Otherwise, you're going to be left with robots who couldn't build sources if their lives depended on it.

    Doesn't Recommend
    Negative Outlook
  3. 4 people found this helpful  

    A Sinking Ship, Get Off It While You Still Can

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

    I have been working at Mergermarket

    Pros

    20 vacation days off, mostly. Oh, and when you leave work, you weren't really expected to answer e-mails. They used to have good people and good middle management. Used to.

    Cons

    The reason they *used* to have good people and good middle management is because they forced them out in a bizarre power struggle originating at the top after the private equity firm bought the company. Now instead of a poorly-paying article mill (virtually every story is just plugging in quotes or facts into a standard format, obtained by cold calling companies) with good people you can hang out with on the day-to-day, it's a poorly-paying article mill filled with gossip, paranoia, suspicion, and condescension.

    In my last year of working there, we had a company-wide meeting to discuss the acquisition by the private equity firm. Initially there was hope that the PE firm would help the employees out, so a brave colleague of mine asked if there would be a market check for employee salaries. The CEO replied that there had been a market check already, at which everyone literally burst out laughing. That's right – it's the kind of company that likes to urinate on your head and tell you it's raining.

    The company has had immense turnover in the past year and a half (approaching 40%), which I suppose is good for the junior people as the only way promotions were (rarely) handed out was because the person above you quit or died. No merit rewards here, kids. The only senior people left are desperately looking for a way out, while the junior people are asking the senior people why no one told them it would be that bad. Which is sad, because it used to be a great place to get a serious start in financial journalism. Sure, the pay was crap, but no one else was willing to take a chance on you. Little did you know, upon starting out, that the pay was crap and would remain crap. Until the day I quit, at which point they jumped to offer me a raise, despite me begging for one repeatedly and consistently being turned down while I was there. But by then, of course, it was way too little, way too late.

    Oh, and the website looks like it's from 1997. They've been "planning to upgrade it" every year, but they're still convinced "everyone reads the site on their Blackberries." As if you still know anyone who has a Blackberry.

    Advice to ManagementAdvice

    Quit. For the good of the company, quit. That way the people underneath you can be promoted, and they'll probably have a better shot at running things, too.

    Doesn't Recommend
    Negative Outlook
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  5.  

    Lots of learning, fast-paced environment, lack of growth opportunities

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

    I worked at Mergermarket full-time

    Pros

    Team members are great. Worked with intelligent, driven people who were inspirational. Improved skills, got a lot of contacts. Excellent place to learn financial healthcare environment.

    Cons

    Work/life balance very poor. Regularly worked 10+ hour days and the weekends. Not a chance to go mingle at conferences, make connections, work on different things. Felt like a an article mill. Low morale.

    Advice to ManagementAdvice

    Raise pay for all reporters. Make a clear path for career advancement. Act like you at least care about all products.

    Doesn't Recommend
    Neutral Outlook
  6.  

    Friendly coworkers

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

    I have been working at Mergermarket full-time (more than a year)

    Pros

    Friendly work environment, new office, great work-life balance

    Cons

    not enough professional development, does not pay industry compensation,

    Advice to ManagementAdvice

    pay people more to reduce turnover and offer more career advance

    Recommends
    Positive Outlook
  7.  

    Good start for financial news reporting career

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

    I have been working at Mergermarket full-time (more than 5 years)

    Pros

    Very flexible work-life bonus more than average newsrooms, travel to conferences almost as much as you like, casual office environment, vibrant staff, great bonuses and benefits including 20 prorated vacation days, only work Monday-Friday, can move up quickly if you work hard and make yourself standout with great ideas as management often changes in 2 years (few people are lifers)

    Cons

    Lack of reporters with senior experience, too many entry-level reporters, very gossipy, raises are abysmal, often will promote with no extra pay at the time of promotion, like to get more work out of you for less pay, promotes based on likability and not experience,

    Recommends
    Neutral Outlook
  8.  

    Great Place To Work

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

    I worked at Mergermarket

    Pros

    fun, great startup vibe, energetic and committed employees. great christmas parties and a fun place to do work. provides good exposure to larger parent company.

    Cons

    not top of the technology game but working on it, internal politics but not more or less than anywhere else.

    Advice to ManagementAdvice

    build technology into a core competency beyond simply serving the content delivery. continue to hire great people at whatever cost. protect your culture.

    Recommends
  9.  

    Excellent place to start out in professional media/finance; little room to advance in any real way.

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

    I worked at Mergermarket

    Pros

    Lots of fun young people from all over the world.

    Great incubator for journalistic talent

    Challenging work assignments

    Cons

    Little opportunity to advance in an extremely flat organizational structure

    Office is a bit run down

    Work can be very high pressure in a deadline-oriented work environment

    Advice to ManagementAdvice

    Enable greater for collaboration between business units to create more unity within the company.

    Bump salaries a bit to discourage high turnover of entry-level journos.

  10.  

    Good people, but limited opportunities

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

    I worked at Mergermarket

    Pros

    People are great to work with and most of them are very good at their job. The firm fosters an enterprenuerial spirit if you think you can add some value. Management is solid, nothing spectacular, but the keep the ship running.

    Cons

    Growth is very limited as is pay. Some decision making is questionable by management. Good stepping stone to other opportunities, otherwise it'll be the same job for a very long time.

    Advice to ManagementAdvice

    Really assess who you want leading and make employees all feel on the same footing. Remember to keep the culture positive.

    Recommends
  11. 2 people found this helpful  

    Mergermarket is one finance information company that will weather the current economic storm.

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

    I have been working at Mergermarket

    Pros

    Mergermarket provides opportunities to peek into the machinations of the finance markets in a way few other companies can afford. Its products are aimed at helping professionals working at M&A banks, private equity funds, hedge funds, corporates and law firms to see proprietary intelligence about their respective markets.

    Working for Mergermarket exposes an individual to a wide range of interrelated functions and allows a person to cooperate with a variety of job roles. Senior editors regularly appear as talking heads on major news networks and those same people are a phone call away whenever a question or issue comes up.

    Cons

    As with any information company selling to the finance world, the market for Mergermarket's products is currently soft. Many of Mergermarket's clients and prospects have been seriously affected by the current market environment.

    Advice to ManagementAdvice

    Senior management needs to ensure that products are delivered in a way that maximize value for clients. They also need to make sure that CRM software is efficient (currently it's a disaster).

    Recommends

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