Protiviti

  www.protiviti.com
  www.protiviti.com

Protiviti Reviews

Updated December 16, 2014
Updated December 16, 2014
469 Reviews
3.6
469 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Protiviti President and CEO Joseph A. Tarantino
Joseph A. Tarantino
257 Ratings

Review Highlights

Pros
  • Good work / life balance (40-45 hours / week is normal; lots of vacation days) (in 88 reviews)

  • It's both a great place to start your career and a great place to stay (in 25 reviews)


Cons
  • Recruiting promises not kept (work-life balance, limited travel if needed) (in 35 reviews)

  • The company has a focus on consulting, but does alot of internal audit work (in 27 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 9 people found this helpful  

    Broken Business Model: See Cons List

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager, Internal Audit
    Current Employee - Senior Manager, Internal Audit

    I have been working at Protiviti full-time (more than an year)

    Pros

    Work/life balance is better than Big 4.

    Cons

    -Limited areas of focus. Essentially the firm is focused on internal audit and SOX work. If you do anything else expect to travel significantly.
    -Be prepared to work on little details that add little to no value on the client engagement (i.e. unnecessary flow charts, timelines, controls listing and walkthroughs that do not have relevance in the final deliverable to the client). Its all "Keep you busy" type work. Unfortunately, the client is paying for all this and has no idea.
    -Little to no on-boarding process for experienced hires. We have higher expectations of experienced hires but management's disorganization and lack of training sets these new hires to fail.
    -Experienced hires are staffed based on resource gaps rather than matching their skills with a relevant engagement. Essentially everyone is a body just billing the client.
    -Revenue growth of the company is primarily due to the hiring of more staff. Protiviti ends up billing more to the client for work that could have been performed by less staff.
    -POTENTIAL CLIENTS BEWARE: Protiviti's business model is predicated on getting their foot in the door for a specific engagement in order to find more work to bill you for. We are all evaluated in being creative to find additional work. Never expect to only pay the proposed amount. Lots of cost overruns and budget/project updates.
    -Lots of turnover! Protiviti is hiring masses of amounts of staff. Some will sink and some will swim. They are hoping experienced hires bring in more business.
    -401K benefits are comical. Essentially all you get matched is 33% for each dollar up to 6% of salary. No incentive there.
    -Health Benefits are average
    -Rigid review/evaluation process. I would recommend do bare minimum. Any overachieving will not result in faster promotions or higher pay.
    -Titles are insignificant. Protiviti titles are not comparable to Big 4 titles. (e.g. Manager at protiviti is more like a Senior associate at Big 4).
    -Antiquated Expense reporting system and travel booking system.
    -Very robotic mentality and culture.

    Advice to ManagementAdvice

    -Invest more time in on-boarding/training of experienced hires.
    -Add docking stations in the offices with large monitors. Working on a laptops 100% of the time is not healthy.
    - Offices should be given to Managers and ADs. Not just Directors.
    -Invest in better expense reporting system. Highly antiquated.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Protiviti Response

    Nov 17, 2014Director of Recruiting

    Thank you for your feedback. We invested heavily in our entry level on-boarding programs over the course of the last two years. We are now focused heavily on improving our experienced hire ... More

  2. 5 people found this helpful  

    Good Place to Start a Career but then LEAVE!

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

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

    Pros

    Protiviti is consistently ranked as one of the best places to start a career and I could not agree with that more. During your first few years you are provided an opportunity to see a lot of companies quickly and engage at a higher level than if you were with the Big 4 or corporate. However, most of my projects at the start of my career was more consulting focused than internal audit so this may not consistently be the case.

    Cons

    Once the first year honeymoon period is over here is what you have to look forward to:
    - No input into your schedule or career future. Even if you've expressed dissatisfaction with particular types of project you will still be staffed if there is a need causing employees to be pigeonholed and ultimately unhappy.
    - Seems as if management is chasing only sales credit. Even awful projects with low revenue will be sold which benefit neither the client or company. Since at a certain level management is measured on how much they can sell there is really no other concern but $$.
    - Zero regard for the "best employees" cornerstone. If a client wants something you must drop everything to meet their needs. Often managers do not have a backbone to push back on clients when expectations are unrealistic or may impact employees.
    - Protiviti is essentially an internal audit firm attempting to be a consulting firm. While the leadership team continuously talks about growing Risk and Compliance and IT Consulting most projects seem to be IA focused and the executive team is made up of tons of former auditors.
    - Consultants are told not to "eat hours" (work them and not charge them in) however when the budget is tight this happens all of the time. Consultant bonuses are based off of how many hours are worked and not charging them can reduce end of year bonuses.
    - A 401k matching program exists however the matching portion of the program is not paid until December 31st meaning no interest or no match if an employee leaves before December.

    Advice to ManagementAdvice

    You have it backward. There is too much focus on making sales credit and what seems to be no real concern for employee satisfaction, input, or career goals. Most of the best talent becomes discouraged and will find more rewarding work somewhere else.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3. 3 people found this helpful  

    Awful internship program

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

    I worked at Protiviti as an intern (less than an year)

    Pros

    Not many pros, internship program starts with a trip to Disney World, which is probably the best part about the summer.

    Cons

    A very awful and very conservative culture that is not accepting of different personalities or backgrounds.

    Work is misleading, Protiviti is not a consulting firm, all of the work is mind numbingly boring and uninteresting. All internal audit and testing of controls.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Protiviti Response

    Nov 19, 2014U.S. Campus Recruiting Lead

    Thank you for taking the time to provide this feedback on your internship. Our organization, including our leadership team, is highly invested in the success of our intern program. We greatly value ... More

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  5.  

    Wonderful place to kick-off your career

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

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

    Pros

    Incredibly accessible management (chance to spend time in a social setting with Managing Directors).
    Interesting and diverse work opportunities.
    High growth within firm, leading to greater advancement opportunities.
    AMAZING culture.

    Cons

    Often, it is difficult to get onto a first project when you start, but it gets easier after the first waiting period.

    Advice to ManagementAdvice

    Staffing to projects should be done in a more organized manner.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 6 people found this helpful  

    Senior Consultant

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

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

    Pros

    - Great exposures to major local financial institutions

    - Good learning curve to develop soft skills in terms of PM, general auditing skills, client interactions, etc

    - Expedited promotion ladder comparing to Big 4

    - Good work-life balance

    - Get to work with some smart and motivated individuals

    - Awesome training opportunities

    - Executive suites are highly respected top-talents in the marketplace.

    Cons

    At the corporate level

    -Attaching to the parent company RHI seems a debatable long-term strategy especially at the present time. Having RHI's resource pool and network accessible benefits Protiviti a lot for its pitching and staffing effort but its own brand name gets overshadowed in return. It proves to be smart move for the company founders to choose join RHI in earlier days as a leverage to control risks and grow rapidly after their predecessor Arthur Anderson went under, but keeping that relationship confused everyone going forward to some degree. Are you a staffing company or a consulting company? There should be distinctions between the two not by size but by nature of work. Protiviti has to be able to answer this question well because lots of work are in fact staff augmentation work, which is not consulting and offers little career development opportunities. It is suspected the two organizations could have competing/conflicting priorities in its ongoing relationship. At the end of the day, the parent company, a public company, cares more about how much a sub would fatten to its bottom line or help achieve its vision at the parent level, which inherently makes for a hard argument for Protiviti to preserve and promote a true consulting company's entrepreneurship. When the sub represents only a fraction of a line item of the parent's book, who would win the arm twisting game is obvious.

    - Cannt only keep picking low hanging fruits forever - most work are still associated with SOX/Internal Audit. Those projects are less technical and generally yield low fees. It is a must entry point to enterprise risk management space but most people find it less challenging and stimulating after a couple years. Company needs to diversify solutions more aggressively by recruiting strong solution leaders and building a good support system to develop resources internally afterwards. Some MDs and senior managements easily found their complacent to milk the work carried from AA and satisfied with just keeping those clients content. In the last couple years the executives however have put in efforts in this regard but in reality too slow o manifest a promising result. For higher billable work in specialized areas for both process and IT, clients run to other companies. This is one of the reasons for many top talents to leave b/c they realize they will be pigeon holed to solely SOX/IA after a few years and not easy to break out that mold.

    At the office/regional level

    - Pay is below market competitive rate. Make senses bc the company makes most $ from low fee work. You do get the title faster but the compensation progression is slow, and yes very slow. This is one reason other places have to discount the titles you got here.

    - Extremely high turnover and people who stay get punished for work that quitters left behind. No true reflection from management to acknowledge/appreciate loyalty and rally up morale so as to retain talents. This leads to a vicious cycle with more people leaving.

    - Middle managements and MDs are incompetent in terms of business development capabilities. Again when work are mainly driven by SOX/IA there is little room for them to distinguish themselves from competitors except pitching lower fees with whiter teeth.

    - Generally people are nice and cultures are comfortable but the same everywhere, office politics is present. Empowered mid/sr managers attempt to corner peers or upandcoming comers, and find themselves have better chances to win staffing decisions, have louder voices to submit performance feedback, snatches sales credits etc. It is a fair game and losers died trying.

    Advice to ManagementAdvice

    Get more aggressive on diversifying solutions
    Pay serious attention to develop and retain talents

    Recommends
    Negative Outlook
    Approves of CEO
  7.  

    Great Place to Work!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Directory in Chicago, IL
    Former Employee - Directory in Chicago, IL

    I worked at Protiviti full-time (more than 10 years)

    Pros

    Excellent leadership. Excellent culture.

    Cons

    Can be a little varied in what you work on. AS with all consulting.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 4 people found this helpful  

    Low level, uninformed consultants, no experience. Insight, or creativity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Houston, TX
    Current Employee - Director in Houston, TX

    I have been working at Protiviti full-time (more than 5 years)

    Pros

    This is the place to work if you have no pride and simply want to collect a paycheck. Unsupervised consultants with very little pressure, and a management team filled will no nothings

    Cons

    You will learn nothing from your supervisors grow very little on your job and the compensation is not at all what you could get at a better firm. Very little real supply chain work and what's worse you will probably be teamed with some RHI temp person that knows even less

    Advice to ManagementAdvice

    Pay better, get better people, stop using RHI zeros and perhaps get a management team that can spell Supply Chain

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 3 people found this helpful  

    Protiviti Review

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Protiviti

    Pros

    If you get into a good office (not all are the same), you can end up with a fantastic manager and challenging assignments.

    Cons

    Poor communication from director and managing director levels. Lack of transparency when the company has to lay off people due to issues with the overall bottom line.

    Advice to ManagementAdvice

    Provide feedback on a much more frequent basis. If you are seeing an issue, don't ignore it. Address it with the employee immediately so they have the opportunity to change and improve.

  10. 2 people found this helpful  

    great if you're young & single - experiences will HIGHLY vary.

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

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

    Pros

    - for entry-level consultants, work-life balance is wonderful, almost never worked more than 40 hours. Often took 1.5-2 hour lunch breaks. Rarely stressed. Life was leisurely.
    - projects are low stress, lets just say it isn't rocket-science, a lot of mind-less paper (email) pushing.
    - traveling is fun, as long as your project manager and travel city is also good. lots of airline miles, fancy dinners, mostly great hotels. (if you're young and single, this can be a lot of fun - if not, this can get old quickly)
    - young and fun people, large percentage of females for a financial services firm, which creates favorable inter-office dating scene for males. very social.
    - everyone is super friendly, down to earth, nobody takes themselves too seriously. everyone realizes this is just a job
    - lots of drinking, especially if you're traveling on the road. (this can be a pro or con depending on age) I drank and partied more at this job than at college.
    - at junior levels, pay is slightly lower than big-4 (5-10%), but lifestyle and stress are way way lower, so I consider this a pro!

    Cons

    - everyone gets pigeon-holed into one speciality, not much variation in projects.
    - taking on extra initiative, working harder...will not get you faster promotions or higher pay. doing the bare minimum while be friendly and amicable is the best strategy here.
    - your happiness will be dependent on your project & project manager - if these aren't good, essentially all the "pro's" don't apply or won't matter. you will be miserable. changing projects can be impossible or take forever.
    - company is very REACTIVE, they chase short-term money & projects.
    - company will always be the "budget" option in comparison to big-4, we'll always be tier-2.
    - if you travel, maintaining friends/significant other at home can be REALLY difficult, most turnover is due to this or money, see next bullet...
    - pay gap between Big-4 becomes very dramatic as you move up ranks, manager & higher.
    - travel, air miles, fancy dinners, drinking every night...it can get really old and exhausting after about 2 years.
    - benefits are not that great, 401k, healthcare, dental plans are simply adequate, nothing wonderful.
    - Protiviti does a horrible job at integrating experienced hires, they often try to match salaries from people who come from industry, this results in people more junior than you earning far higher salaries...yet these new hires still require significant training before than can "get it" and understand how consulting works. this causes a lot of frustration for dedicated long-timers.
    - racial diversity in senior leadership/MDs is almost non-existent, basically all white males, with a few exceptions.

    Advice to ManagementAdvice

    If you want employee retention, you need to start allowing junior staff to explore different specialties and areas of interest. Not everyone knows what they want to do at age of 2. This new generation of young professionals are motivated far differently than you were 30-40 years ago....you need to adapt or see your best talent leave for money or new opportunities.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    Best of times, worst of times.

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

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

    Pros

    A limited number of professionals with market standing reside in the firm. For junior folks, utilization is probably equal to big 4, but on a lower base. You will have more of a life here than there, but turnover was significant.

    Cons

    The rest are Arthur Andersen. It's a club reserved for Andersonites. Very few stars (just baby consultants with no hands on operational expertise, limiting moral authority in the marketplace), deliverables are average at best, which tend to be churned to juice final client bills. Projects are generally average, with interesting projects landing in larger firms. Remember...this is an internal audit based firm, meaning lower bill rates (reflective of low grade body shop "consulting" firms) than consulting/advisory work, of which there is little. Not sure where the pay scale resides, probably average, but the bonus structure is just awful (you can see it on the Ladders currently under regulatory consulting firm) and tends to evaporate to near 0 if you are not in the club, and that is done by whim (so think about the potential for long hours, weekends, and red eyes: is this really worth it?). MD comp packages are quite large, everybody else is limited and dedicated to perhaps out of market MD packages.

    Maybe this is just "consulting," but better models (projects, quality of colleagues, remuneration, progression, etc.) exist than this one.

    Advice to ManagementAdvice

    Can't give advice to the Andersen crowd. Blood is thicker than water.

    Doesn't Recommend
    No opinion of CEO

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