Mergermarket Reviews

Updated March 12, 2015
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2.7
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18 Employee Reviews

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  1. Helpful (1)

    General

    • 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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    The company offers flexible working environment; generous holidays, pretty good with visa and greencard sponsorship. Most people who work there are friendly and pleasant to hang out with.

    Cons

    The company provides very limited trainings and lack of career progression. The pay is very average. The company has very incapable middle managers who become managers not because they are good but because they are with the company long enough.

  2. Helpful (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)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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 Management

    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.

  3. Helpful (2)

    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)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

    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.

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  5. Helpful (4)

    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

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    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 Management

    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.

  6. Helpful (1)

    Please don't make the same mistake I made by working here

    • 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

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

    Pros

    20 days off per year,

    Cons

    The company has no boundaries, which is trickling down from the very top. Basically, everyone knows each other's business and gossip runs rampant. There are also very strange people who work here, which make it an impossible situation, especially since it is pretty much everyone. The ones who are not like that just get super depressed and become a shell of their former selves, which is what happened to me. I could barely make it a day without having some type of a breakdown. Very dysfunctional corporate culture that has bullying and is like a lunatic asylum. They have a lot of lawsuits and issues with all types of harassment. It is a bullying culture with very unhealthy, unhappy people who are guaranteed to make your life hell. The company has a no-training policy, even with people who have no experience doing what they are doing. By week 2, you are told that you should know everything.

    Journalists are graded on every move they make and it's like high school but much, much worse.

    Some of the people in management have severe problems with mental health and are still in charge of a lot of people, and HR is extremely biased and unhelpful. They always take the side of the higher-up.

    You will be abused, and you will regret taking the job. I can promise you that.

    Advice to Management

    I honestly think it's hopeless at this point. The company would need a complete and total overhaul of management.

  7. 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

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    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 Management

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

  8. Helpful (1)

    Great place to start

    • 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 full-time (more than a year)

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

    Pros

    Culture is young, laid-back, and cool.

    Cons

    Long hours, high turnover rate, and not as well perceived as some competitors.

  9. Helpful (2)

    Do more with less mentality

    • 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 full-time (more than 5 years)

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

    Pros

    Nice office in west Soho

    Cons

    pay here is lower than the norm; too many cliques; half the people here tend to be cold and don't seem to have basic manners; no upward mobility; lack of empathy from supervisors

    Advice to Management

    Do a better job of addressing work-life issues = we're an internet-based company...allow people more flexibility to work from home. Dump the fish and foosball tables...that's just bending to the whim of a handful of people; place better people in management positions

  10. Helpful (2)

    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 full-time (more than a year)

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

    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 Management

    - 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

  11. 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 full-time (more than 3 years)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    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 Management

    more training to develop additional skills

Mergermarket Photos

Mergermarket (Photo thanks to Flickr user Chiva Congelado, Some Rights Reserved)
View from Mergermarket (Photo thanks to Flickr user Chiva Congelado, Some Rights Reserved)
Mergermarket - inside (Photo thanks to Flickr user Chiva Congelado, Some Rights Reserved)

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