Parametric Portfolio Associates

www.parametricportfolio.com
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Parametric Portfolio Associates Reviews

Updated July 7, 2015
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2.8
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Brian Langstraat
4 Ratings

8 Employee Reviews

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  1. none

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Seattle, WA
    Former Employee - Anonymous Employee in Seattle, WA

    I worked at Parametric Portfolio Associates (More than a year)

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

    Pros

    growing co, great benefits and location

    Cons

    little control over the job as the parent co dictates what needs to be done


  2. Helpful (1)

    Operations Assoicate

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Parametric Portfolio Associates

    Pros

    Great Workers, High Pace, Great Benefits

    Cons

    Pay and the structure of the group.

    Advice to Management

    Listen to your Employees and compensate them for all their work.


  3. Helpful (1)

    Fast-paced, fun environment with great people

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

    I have been working at Parametric Portfolio Associates

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    The company is growing very quickly, always enough to keep you busy. Everyone who works here has a great heart and are beyond smart. Great work environment.

    Cons

    Hours are early and sometimes very long; the acquisition has caused some negative changes within the pay structure.

    Advice to Management

    Pay the employees you want/need to retain what they deserve; hire faster


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  5. Helpful (1)

    Great place to work for a certain type of person

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Institutional Client Relations Associate in Seattle, WA
    Current Employee - Institutional Client Relations Associate in Seattle, WA

    I have been working at Parametric Portfolio Associates full-time (More than a year)

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

    Pros

    Excellent work-life balance, great benefits package, lots of smart people surrounding you.

    Cons

    Training is sporadic amongst departments. If you're in a new department, don't expect a lot of training as you will be asked do to many things you may have never been trained to do. Lots of finger pointing between departments when things go wrong. Outside hires tend to dominate in terms of filling new positions, DO NOT expect to move up quickly unless you are your main manager's favorite employee.

    Advice to Management

    Take a look at inside employees' merit/accomplishments before looking for outside hires. Provide better training for employees in relatively new roles (which are many at this firm).


  6. Helpful (3)

    Financial firm with too many mediocre middle managers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Prefer Not to Say in Seattle, WA
    Former Employee - Prefer Not to Say in Seattle, WA

    I worked at Parametric Portfolio Associates full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Deferred compensation is king here, and if you're already doing pretty well for yourself, Parametric will help boost your retirement fund handsomely. They do not work particularly crazy hours (work life balance is good), and it's fairly close to bus lines, so easy to commute to.

    Cons

    The technical side of the house has a culture problem, mainly around respecting people. The managers are extremely high-minded. They simply believe that they can do anything, and the fact that they're doing it, indicates that it's a 'best-practice', despite evidence and frankly, results. The deferred compensation model is outdated, and is limiting their potential talent drastically. They simply can't attract top tier talent with the model as given.

    Advice to Management

    Upper management should do better communicating with the folks. We're all on board if you're willing to tell us where the train is going! The quarterly "all hands" is actually extremely valuable, and a regular "this is what's going well / where we need help" would be awesome. Middle management should consider more regular sensitivity / management training. Making sexist 'funny' comments in meetings is inappropriate at best, and doesn't belong in today's workplace.


  7. Helpful (1)

    Excellent Theory, Poor Execution

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

    I have been working at Parametric Portfolio Associates full-time (More than a year)

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

    Pros

    The environment is young and ambitious; there are many opportunities to expand your responsibilities and build your knowledge base around investment operations. Fast-paced, 'get-it-done' culture with friendly co-workers. Though base salary is lower for the area, the health care benefits and vacation packages are outstanding.

    Cons

    Shockingly poor management; most have no management experience, if they even have bachelor degrees. There is very little response from issue escalation which means projects and errors fall through the cracks. There is little communication and no collaboration between the operations department, portfolio management, and client services.

    Advice to Management

    Choose your management carefully, they are responsible for building and investing in your human capital. Poor management disenfranchises those who are actually responsible for accurate and complete work.


  8. Helpful (3)

    Great high-growth firm with good perks and fun environment

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

    I have been working at Parametric Portfolio Associates full-time (More than a year)

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

    Pros

    The firm is at an integral stage for bringing in AUM. The growth has been exponential these past few years with significant milestones bringing about great perks for employees. The people are more than helpful and the open atmosphere is inviting. The company is big enough that you feel like you can grow in responsibilities and move amongst departments while still making a difference to the bottom line.

    Cons

    Much like any job in finance, the demands can be high at times and there seems to be a disconnect between departments on some of the bigger issues. The base pay is not high compared to competitors in the industry but the other perks (bonus, profit sharing, stock options, parties, etc.) make up for it.

    Advice to Management

    Take a longer look at internal job seekers before hiring from outside.


  9. Helpful (5)

    If Ignorance is Bliss, Parametric is the Company for You.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Prefer Not to Say in Seattle, WA
    Former Employee - Prefer Not to Say in Seattle, WA

    I worked at Parametric Portfolio Associates

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Parametric currently has fabulous offices facing South Lake Union. The light and area workspace was always a draw when interviewing candidates and entertaining visitors. Parametric has great benefits including 3 weeks of vacation, paid medical/dental/vision, life insurance. 15 % profit sharing, 401k with match, subsidized parking and mass transit. Parametric strives to employ smart, competent people. It has a very good reputation in the industry, and has grown exponentially in the past few years.

    Cons

    Lack of career ladders. Due to the nature of the type of portfolio management Parametric conducts, there is very little opportunity to grow for the entry level college graduates who are the majority of the new hires. Many of the employees who have been there for several years are part of a stock plan which will vest soon. It will be interesting who stays after those golden handcuffs have been released. Lack of accountability from a few bad apples who are clearly failing to do their jobs. (Many of these people have been at the company for several years and have no sense of urgency or importance about their jobs. They do the minimum to get by and their lack of attention to detail causes many problems which consistently remain unaddressed.) The most common complaint about work at Parametric is that it is repetitive and boring. By far the biggest downside is poor communication between departments and from upper management. Can be very clique-y.

    Advice to Management

    Employees need consistent communication from senior management. Often the "wins" of the business are shared, but the bumps in the road are never mentioned, and the rumor mill runs 24/7, There would be a much greater sense of employee loyalty if what was at stake on a weekly basis were communicated. Management needs to foster a much greater sense of team. Currently each department is run as its own empire, and the directors of the departments often watch out for their own turf at the expense of a better-run, more cohesive company. Something that is good and bad about Parametric's leadership is the tendency to believe that everyone is an adult and will make adult decisions. Thus, for the most part, departments are run with a disturbing sense of laissez-faire. Many times the directors and senior management aren't even on the same boat....how do employees know which one to board???



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