Mergermarket Reviews

Updated April 19, 2015
70 reviews filtered by
  • Any Location
  • Any Job Title
2.7
70 Reviews
Rating Trends
Recommend to a friend
Approve of CEO
(no image)
CEO
0 Ratings

Pros
  • Friendly work environment, new office, great work-life balance (in 7 reviews)

  • a very good company for startups (in 2 reviews)

Cons
  • Work can be very high pressure in a deadline-oriented work environment (in 2 reviews)

  • Being on the west coast we only have a small office (in 2 reviews)

More Pros and Cons

Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Great Company to Start a Career

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

    I worked at Mergermarket full-time (More than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Good work experience in dealing with C-Level executives and learning about financial markets

    Cons

    Processes lack flexibility or much ambition

    Advice to Management

    incentivize your team memebrs good behavior

  2. Helpful (2)

    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.

  3. Helpful (2)

    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.

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (4)

    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.

  6. Helpful (7)

    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.

  7. Sophisticated news service

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

    I have been working at Mergermarket

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Learn and write about startups and Fortune 500 enterprises
    Investigative journalism techniques often employed
    Nice work-life balance
    Interesting and worldly colleagues
    Opportunities to travel and work internationally

    Cons

    Salaries are lower than those of competitors
    Bonuses are modest
    The Financial Times Group sold Mergermarket in early 2014 so lost a great owner and news partner
    New owner is a private equity firm and it is unclear when or to whom Mergermarket will be sold again.

    Advice to Management

    Mergermarket puts out a great product thanks to the hard work of a lot of smart, dedicated people. Top-to-bottom, the company has many stellar workers. I enjoy working here.

  8. Helpful (5)

    A total mess-avoid

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

    I have been working at Mergermarket full-time

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

    Pros

    20 days off a year

    Cons

    Management is almost comically incompetent and runs the company like a high school clique. All of senior management are lifers with little to no experience outside the company. The whole place is disorganized, policies change arbitrarily from month to month, there is no vision.

    Promotions are based only on being friends with management. Because of that, the whole structure is very top heavy, with many superfluous editorial positions. Many of the editors have no clue what they are doing. At the same time there is no growth opportunity for new hires. Turn over is very high and watching every talented reporter that joins become disillusioned and leave within a year or so is demoralizing.

    Pay is lower than at other publications and raises are tiny, below cost of living increases. Technology is out of date even though it is an online only company. They have not invested in the website or done any updates in years because management will do anything to cut costs and corners.

    Emphasis is on quantity and not quality, it is a content farm more than anything.

  9. Helpful (4)

    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.

  10. 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.

  11. Helpful (4)

    Totally random and unfair promotions, bad management who are highly overpaid

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

    I have been working at Mergermarket full-time (More than 8 years)

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

    Pros

    Nice people work there, intelligent and young spirited so quite a social place

    Cons

    The management are all people who worked their way up with no formal
    Management training and no clue how to handle their employees. There is no decent or real training in place and no fair system of credit or recognising talent rather than just exploiting it

    Advice to Management

    Get some proper training in place, start seeing and rewarding the real
    People doing the work and not just lining your own pockets

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)

+ Add Photo

Work at Mergermarket? Share Your Experiences

Mergermarket

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.