Parametric Portfolio Associates Reviews
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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 Senior Management – Take a longer look at internal job seekers before hiring from outside.
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
3 people found this helpful
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 Senior 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???
No, I would not recommend this company to a friend