Novogradac & Company
3.4 of 5 46 reviews
www.novoco.com San Francisco, CA 150 to 499 Employees

Novogradac & Company Reviews

Updated Jun 30, 2014
All Employees Current Employees Only

3.4 46 reviews

                             

90% Approve of the CEO

Novogradac & Company Managing Partner Michael J. Novogradac

Michael J. Novogradac

(29 ratings)

67% of employees recommend this company to a friend
46 Employee Reviews
Relevance Date Rating
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    Staff Accountant Intern

    Staff Accountant Intern (Former Employee)
    San Francisco, CA

    ProsNote that your experience will vary greatly depending upon which team you're placed in. My team was full of personable and friendly people who allowed me great independence in completing my tasks, which I appreciated very much. The office location and amenities/facilities are top-notch, it really does feel like a family here while still maintaining the prestige you might find at bigger firms.

    ConsIt's a 3-month internship from January to March, and you don't find out whether or not you'll get a job offer until May or June. The offer would be for a position starting in Fall/late Fall, so there would be a big chunk of downtime even if you did get an offer, which most people don't. The whole process is very nebulous.

    Advice to Senior ManagementMake your hiring goals clearer from the start.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Intern

    Anonymous Employee (Former Employee)
    San Francisco, CA

    ProsLearn both audit and tax

    Consvery long hours and no work life balance

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    "Intern"

    Anonymous Employee (Former Employee)

    ProsExcellent Pay, fridges stay fully stock. Administrative Staff is very helpful.

    ConsI had a horrible senior accountant as my boss. I don't think he was the right person to teach someone how to do certain assignments when it came to audit and tax work. Very hard to work with and to get around. Often times there was not enough work to go around so they didn't like to pay me for the time that I was in the office when i would have nothing to do but ask them every hour if they had an assignment that i could help them with. I didn't appreciate how they did not retain any people of color or a minority on staff. I also didn't appreciate how they talked about former employers once they left the company. They don't usually hire interns after the busy season is over.

    Advice to Senior ManagementYou should only allow the number of interns you think the company would be willing to hire at the end of busy season. Otherwise don't hire many interns.

    No, I would not recommend this company to a friend

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    Accountant

    Staff Accountant (Current Employee)
    San Francisco, CA

    ProsGym, food, shower, and nice building. Good stepping stone.

    ConsUnprofessional, high turn overs, poor working as a team, low pay!!!!!

    Advice to Senior ManagementPay more, you shouldn't afford to lose great people.

    No, I would not recommend this company to a friend

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    Long hours, but great learning experience

    Staff Accountant Intern (Former Employee)
    Long Beach, CA

    ProsVery competitive pay
    Time and a half for OT
    Company provides lunch on Wednesdays
    Kitchen is stocked with snacks and drinks
    Flexible start time
    Audit and tax

    ConsSome supervisors are condescending and unprofessional
    Interns work 50-65 hours per week, but expect 65
    Experience can drastically differ based on supervisor
    A lot of interns, but hardly any full time opportunities

    Advice to Senior ManagementSome seniors were condescending and unprofessional towards interns

    No, I would not recommend this company to a friend

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    A let down from the start

    Anonymous Employee (Former Employee)
    Boston, MA

    ProsThe organization boasts structured promotions, has a well stocked kitchenette, the work is truly enjoyable if you like accounting, and there is good camaraderie in the office amongst the staff and interns. Good place to build experience.

    ConsYou can be promoted, but nobody ever is because they all end up leaving or get fired over something mundane and absurd. There is only one senior and one manager and they are both on the same team. Other than that, the longest career person is 1 and a half years (including the secretary). You will work ridiculous hours and will only be yelled at rather than guided by your partner. It's very obvious that employees are not well regarded, but that can change the second you "crank out" your work which you will need to learn on your own. Training and development was tough, as the office doesn't have enough technological capability to perform the task appropriately. Staff here is demoralized and waiting to move on to something better. The work is varied and exciting but the second you miss a dollar sign, or misapply an accounting principle which you have not been formally taught, you will promptly be asked to walk into the partner's office so your efforts can be belittled and then receive the proverbial "now go get 'em tiger" as you walk out both offended and confused. The office also boasts time and a half as an inducement to accepting an offer, but you're still incredibly underpaid for the amount of responsibility and frustration that you will need to endure to save your career. Partners will typically feud with one another about billable hours as they try to shift the hours from one to the other in an unrealistic and underhanded fashion. It's actually amazing the firm was founded by the current partners and nobody back at headquarters questions their employee retention rate, or management style. These cons speak to the values of headquarters as well.

    Advice to Senior ManagementYou have good people, you have a good firm, but the reason why you're not more successful is because short-termism rules the day at your office. If you invested more into your staff, (not just through alcohol and food but through actual training and development), your pockets would be thicker, your employees would stay longer and become more efficient, and people would more than likely feel proud of the firm. You use your staff and interns, and as a result, your staff and your interns use you.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Dysfunction doesn't even begin to describe this place.

    Principal (Former Employee)
    Boston, MA

    ProsThis company offers "opportunity" to advance. What this truly means is that you will be expected to work ridiculous hours to support partners who only care about making more money for themselves and not investing in their staff. If you are willing to sacrifice your life for the sake of partners who could care less about you, then this is the place to go. Would have been a great place to get into a while back to be up closer to the top of the pyramid while reaping the rewards of the workers below.

    ConsPartners only care about making more money and bringing in new work and never focus on staff development. The turnover is astounding. Staff and other employees are treated like garbage and they have no use for you if you are not willing to give up your life for the company and its low salary. Management does not work together as they are all competing against each other to see who can make the most money.

    Advice to Senior ManagementTake a class in management. Your selling skills are great but your people management skills couldn't be worse. Making as much money as you can instead of investing in the future of your employees will not lead to successful long term commitments from key people.

    No, I would not recommend this company to a friend

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    Regarding the Novogradac GoVAL Division not Accounting

    Real Estate Analyst (Former Employee)

    ProsThe company keeps a full kitchen with lots of food year around.
     It is very easy to get a higher paying job after working at Novogradac.

    ConsThe company typically pays Analyst around $50K per year, with some form of potential bonus for completing additional market studies or appraisals. However, the potential bonus is below most valuation split fee arrangement. Novogradac's internal control systems are complex for GoVAL and require a significant amount of time in filling out expense reports, billing reports, time sheets, and other items, which take productivity out of report writing. Given the pressure from management to outperform other offices and other people within the office, the Analysts and Researchers feel pressured to understate hours worked, do an insufficient site review, or even possibly make up data. Some of the staff may not even help new employees since it takes away from the number of reports they can complete. One of the Analyst charged billable hours to my job when I asked for help on how to complete part of the report. However, not all employees are like that, and it is not surprising given the desire of employees to maximize their billable hours on other analysts' job assignments. At GoVAL you are only worth what you can produce. While this might be typical for most of the corporate world, do not expect anything different from Novogradac.

    Advice to Senior ManagementGive up some short term profits by investing in human capital and information systems. There are bugs throughout the databases.

    No, I would not recommend this company to a friend

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    I worked as a Staff Accountant after their annual 3 month internship.

    Staff Accountant (Former Employee)
    San Francisco, CA

    ProsGreat perks during busy season, catered Friday lunches and Saturday breakfast. Events during off season, and diverse teams with different focuses.

    ConsI understand that it is a relatively large firm but the amount of feed back was a little lacking. Additionally, some of the more experienced staff did not make me feel welcome to ask questions related to the work being performed.

    Advice to Senior ManagementReviews on a more frequent basis and more communication with staff.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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    Internship was a great experience.

    Intern (Current Employee)
    San Francisco, CA

    ProsFriendly work environment; fully-stocked kitchen; variety of work including both tax and audit.

    ConsDifficult to get hired full-time as an intern.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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