Novantas

  www.novantas.com
  www.novantas.com

Novantas Reviews in New York City, NY

21 Reviews
3.5
21 Reviews
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Dave Kaytes
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15 Employee Reviews Back to all reviews

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  1.  

    First job out of undergrad; learned solid business analysis skills

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

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

    Pros

    Small project teams allow you to learn a lot quickly

    Cons

    Small company = less brand recognition and general infrastructure. Projects get repetitive.

    Advice to ManagementAdvice

    Analyst burnout is something to be monitored

    Recommends
    Neutral Outlook
  2.  

    Frat boys swindling banks

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

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

    Pros

    I survived. And the pay was reasonable, considering that the company produced nothing of value.

    Cons

    Unintelligent people shamelessly groping after money, committing crimes against the disciplines of mathematics, statistics, logic, and software development along the way. I once saw an associate complain to a receptive audience that a cleaning woman had "the audacity" to make herself a cup of coffee with their expensive instant espresso machine. This company embodies everything that is wrong with both our economy and educational system.

    Advice to ManagementAdvice

    Sell your horses and yachts, learn to read, find something less depressing to do with yourselves.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    probably better to go into banking instead

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

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

    Pros

    the other associates. little travel.

    Cons

    managers, directors, but not partners

    Advice to ManagementAdvice

    if you're going to work your associates like bankers, then pay them banking salaries and bonuses

    Doesn't Recommend
    Negative Outlook
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  5.  

    Okay company, but better options available for academic elite

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

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

    Pros

    -the pay. raises are very generous, and bonuses are as well when the company is performing well.
    -some partners are very intelligent - particularly the ones with an MBA from a top-5 school. not saying it's a cause-effect relationship, but it just seemed the two bosses I had who had those MBAs really knew their stuff
    -less travel than other consulting firms

    Cons

    -having to learn SQL in essentially a week
    -very demanding hours; managers are rather unconscious of analyst burnout and will push you as hard as they can even if the work is sometimes unnecessary or excessive
    -virtually non-existent training program
    -working on weekends when you get an email on your phone (which happened a lot, unfortunately..)
    -working in a declining industry that is undergoing quite a bit of disruptive innovation (which usually is a good thing, but not for the established banks - and Novantas doesn't consult for Square, Paypal, or other companies innovating the payments and retail/commercial banking industries)
    -company growth has stabilized and was starting to decline
    -being exposed to only one industry; other consulting firms like Bain, BCG, & McKinsey will give you exposure to various industries, keeping your future career prospects more open. (they also provide better hours)

    Advice to ManagementAdvice

    keep your analysts happy (with more than just pay), or they will all leave for better opportunities. i left after getting an offer from Bain..

    Doesn't Recommend
    Negative Outlook
  6.  

    Good place to learn, isn't a good fit for everyone

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

    I have been working at Novantas

    Pros

    The projects are very fast-paced, and junior analysts get a lot of responsibilities at the beginning of their career. Your analytical skills will improve immensely in the first year.

    Cons

    The hours are hectic and can sometimes be unreasonable. Middle managers, and especially partners, tend to become overly focused on minute analytical details that does not contribute to the answer.

    Advice to ManagementAdvice

    Because less self-focused on your pet theories and listen to what the analysts are trying to tell you. Sometimes going through the whole 9 yards won't add anything, and will just frustrate analysts and add to turnover of valuable human resources.

  7.  

    Great opportunity for those seeking challenging, analytical work and a small-firm feel

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

    I have been working at Novantas

    Pros

    Great opportunity to gain hands-on experience in financial services. Analysts are given responsibility sooner than peers at other firms and, when appropriate, are encouraged to lead client interactions. Minimal travel for most project, no Monday-Thursday at the client site. Smart and motivated group of people who know how to have fun

    Cons

    Lacks some of the resources of larger firms. For example, lack of access to third-party data such as Bloomberg and Lexis Nexis can make research and data gathering more painful than it should be. Long hours and weekends depending on the type of project.

    Advice to ManagementAdvice

    Improve training by expanding the current skills and analytics training to include more accounting and finance concepts for non-business majors.

    Recommends
  8.  

    Quantitative and Analytical Environment

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

    I have been working at Novantas

    Pros

    There is good firm culture.
    It's a fast-paced learning environment.
    Associates have access to executives at the firm.

    Cons

    The day to day work can be very quant heavy.
    The hours can be very long, depending on the project.

  9.  

    Excellent experience - early opportunities to make meaningful contributions

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

    I have been working at Novantas

    Pros

    Novantas provides a great opportunity to meaningfully contribute to real projects very early on in one's career. Even as an associate it's possible to be a key influence in the direction of a project, scope of analysis, look and feel of a user tool, etc. The small firm atmosphere is receptive to creativity and change, with a limited bureaucracy in place. Novantas provides the unique combination of a small firm work environment with the prestigious client pool and industry reputation of much larger competitors.

    There is a lot of expertise within the firm, and colleagues become a great resource for information, training and advice. There are extensive opportunities to interact and work directly with senior directors and managers at the firm. Face time with high ranking clients is also not sparse.

    Over a relatively short time span employees are able to take a unique look into the inner workings of multiple clients and groups, providing a wide perspective of the overall financial industry.

    Cons

    With responsibility comes pressure. The environment is fast paced, and if that's not your thing, this is not the place for you. The hours can be long at times, and if you're looking to travel the world, the odds of that are low - most travel is to US cities.

    Advice to ManagementAdvice

    As the company grows larger make sure it never strays away from the atmosphere and environment that has made / still makes Novantas unique.

    Recommends
  10.  

    The best professional experience of my career.

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

    I have been working at Novantas

    Pros

    Solve interesting problems, great culture, great group of people (no a__holes). Very meritocratic and entrepreneurial. Smartest people I've ever worked with.

    Cons

    Long hours, lower brand recognition (my mother has never heard of it).

    Advice to ManagementAdvice

    Don't forget to spend time with junior people, that time matters.

    Recommends
  11.  

    A rewarding workplace though very hard-working

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

    I have been working at Novantas

    Pros

    Very good exposure to clients and senior partners within the firm very early on which allows you to develop a lot as a consultant. Not forced out after 3 years, can continue to move up without an advanced degree.

    Cons

    Very focused on the financial services industry with little exposure to other industries. Hours fluctuate significantly and can be very difficult at times.

    Recommends

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