Och-Ziff Capital Management Reviews

Updated July 28, 2015
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2.4
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Och-Ziff Capital Management Chairman, CEO, and Chief Investment Officer Daniel Och
Daniel Och
4 Ratings

13 Employee Reviews

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  1. Pretty good as far as HF's go

    • Work/Life Balance
    • Comp & Benefits
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY

    I have been working at Och-Ziff Capital Management full-time

    Pros

    High compensation relative to street Very good hours - floor clears out by 6pm

    Cons

    Large size = bureaucratic culture


  2. No culture, high turnover, no growth opportunities, weak managers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Och-Ziff Capital Management full-time

    Pros

    Some people thought the free lunch was a pro - I hated it. Keeps you sedentary and anti-social. Traps you at your tiny deskspace so you don't take the 1 hr lunch break you are legally entitled to - if anyone does this they are immediately shunned and seen as lazy. Instead, you just eat alone in sadness. Benefits and pay were overall OK but not nearly worth sticking around for the long-term.

    Cons

    Managers do not know how to manage/lead and are not interested in developing their team members - they need training. Constant pressure, disorganization, finger pointing when something goes wrong. Long hours, tedious work and constant re-work because there is no structure. Hardly anyone is promoted from within. NO organizational culture - turnover is escalating because people would rather work and get paid less elsewhere then stay at a robotic place - seriously, it's a rarity to get a hello from someone walking by you or in the kitchen. Everyone seems unhappy, disgruntled, overworked and ineffective. There is also NO privacy when you work here - you are all on top of each other so eating in peace or taking the occasional personal call is not possible. Terrible work/life balance expectations.

    Advice to Management

    Train the people in charge in interpersonal skills and leadership skills. Give your people opportunities to grow and gain more responsibilities/challenging work.


  3. Facilities Coordinator

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

    Pros

    Great & busy environment with very friendly associates and free lunch.

    Cons

    Very long hours on a daily basis.


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


  5. OZCAP

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Och-Ziff Capital Management full-time

    Pros

    -Free Lunch -Good Money -Growing Company -Blocks Email

    Cons

    -Little room to go up the ladder -HR has no power -Old school culture -Long Hours/No appreciation -Career growth gets stunted here -Manager level employees need training to foster a better environment -Salary/Bonus structure has no transparency

    Advice to Management

    the company is not small anymore.


  6. Great company to work for!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I worked at Och-Ziff Capital Management full-time (More than 3 years)

    Pros

    Smart People, Great Culture, Diversified & high profile work

    Cons

    Long hours & a lot for travel (usually more of a problem for colleagues with family)


  7. OZ 2014

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    The level of exposure, Personal growth, time off

    Cons

    The small firm feel is fading


  8. Helpful (9)

    Dan Och is a smart man but his HR team not so much

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Och-Ziff Capital Management full-time (Less than a year)

    Pros

    Complementary breakfast, lunch, snacks and gym. Beautiful office at 9 West 57th street. They are expanding to the 40th floor. You will work with smart folks, starting from the head Dan Och, James Levine, among others. It can pay good, which is why people stay.

    Cons

    Poor corporate culture, not good exposure to network internally. Employees do the same job for years, there are not career opportunities. You cannot improve yourself, rather you are encourage to put your head down and not be intellectually curious. Most people are two faced, there isn't mentorship at all. The HR team could not be more superficial and clueless. At the end of the day they do not care about helping employees improve themselves professionally. They rather have you be "content" with your responsibilities than explore your strengths and potential capabilities. Gossip is very common among the administrative staff, starting with the receptionist. Overall you will not be professionally challenged but rather dissapointed with the corporate culture. Last thing, they use Lotus Notes not Microsoft Outlook, very outdated and inefficient.

    Advice to Management

    To management: Create a mentorship program, have senior employees network with junior staff. Have more cross training among the trading floor. Encourage employees to be intellectually curious. To HR: focus on positive reinforcement not on negative complains from employees. The current Chief Administrative Officer should be replaced. She has been there for too long and no employee ever feels comfortable speaking with her. She is intimidating rather than comforting.


  9. Helpful (3)

    Not Worth It

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend

    I have been working at Och-Ziff Capital Management full-time (More than a year)

    Pros

    Get breakfast and lunch. Comp is decent.

    Cons

    Poor management and long hours


  10. Helpful (12)

    Culture of suppression. Infantile management. Elementary level of work.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Och-Ziff Capital Management full-time

    Pros

    Breakfast available. Lunch paid for. Moderately higher compensation than large banks. Some very high caliber coworkers.

    Cons

    Closet management. Fear culture. Rigid chain of command with extreme level of micromanagement, to include dictating whether you can communicate with other members of firm or attend meetings in your area of responsibility. Zero communication with regard to industry trends of company news, especially news of a serious nature such as SEC investigations. Job duties and responsibilities require the intellect associated with early high school education. No one on one career development. Zero assessment of work quality until final review. Bonuses far below sector levels. Public firm which almost eliminates meritocratic environment. Job responsibilities do not match those explained in interviews. Very little room for advancement and almost no internal mobility. Most people have been doing the same job for 8 or more years. Unnecessarily long hours with zero focus on strategic technical improvements. Majority of employees unhappy with jobs. Employer retaliation likely in cases of looking/interviewing externally.

    Advice to Management

    Remove long term functional and line managers and replace with fresh talent with forward thinking mentalities. Institute a cultural review and seek consulting with respect to generational divides. Top to bottom revamp of operations organizational structure. Replace COO.


  11. Helpful (4)

    A hedge fund, but not with all the perks of a hedge fund

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    No opinion of CEO

    I worked at Och-Ziff Capital Management full-time (More than 3 years)

    Pros

    Great location and salary is good. You get breakfast and lunch on the company and car service if you are working late.

    Cons

    Long work hours and not enough room to grow. You will be stuck in the same role for years and management would rather hire from outside rather than promote from within. Bonus at the end of the year is not up to par and work is not challenging.



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