QRM Reviews

Updated August 12, 2014
Updated August 12, 2014
16 Reviews
2.7
16 Reviews
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Recommend to a friend
Approve of CEO
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Stephen Rigsbee
9 Ratings

Employee Reviews

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  1.  

    Good employer for software engineers in Chicago, but not for those with a national scope

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

    I have been working at QRM full-time for more than a year

    Pros

    The working hours are very reasonable -- generally, the management makes realistic schedules. The company dominates its niche, so its product probably isn't going to vanish as it might at a startup. The software development process is quite mature, which does help you do your best work.

    Cons

    Like another review stated, the organization is flat -- there is a smaller chance of advancement here than at fast-growing companies. The product features are not exactly cutting edge, mostly because their customers have been around for decades in a highly regulated industry and thus don't like changes. You may not be working on the latest and greatest technology. The management requires employees to work 45 hours per week, which is very draining for those who have hour-long commutes into Chicago.

    Advice to ManagementAdvice

    Allow more employees to work in R&D and adopt new technologies at a faster pace. You need to think about disrupting your own product, because your competitors are more nimble and have less to lose in trying to eat into your market share.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    Great learning experience and work-life balance.

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

    I worked at QRM full-time for more than a year

    Pros

    In the beginning, lots of opportunities across the company. Rotational program exposed you to many different functions, and gave you a sense of where you'd like to end up. Work-life balance was excellent, and compensation was quite good (aggressive raise schedule).

    Cons

    Relatively flat company, which means that after a while there is nowhere to go. You can move horizontally, and pay will continue to increase, but unlikely that you'll advance far with current organizational structure.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3.  

    Not a good place to work for

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

    I have been working at QRM full-time

    Pros

    Disastrous place to work in.

    Cons

    Young people are trying to showing off in bad manners; Managers are unfriendly.

    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Great place to grow professionally

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at QRM

    Pros

    Good team work, supportive for professional growth, low pressure, long term focus, very stable work environment, very friendly work atmosphere, great location and office space

    Cons

    Not as dynamic work environment as in trading firms, compensation upside is limited because of the nature of the company's business

    Recommends
    Approves of CEO
  6. 1 person found this helpful  

    More cons than pros, mainly due to senior management's incompetence in running the company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at QRM

    Pros

    1. Smart, highly educated, young group of employees.
    2. Good compensation.
    3. Great culture of a daily short update meeting to let team members know what you are working on that day.
    4. Lots of very helpful people for the most part.

    Cons

    1. The cons revolve mainly around the fact that senior management have so little trust in their employees such that it curbs the employees’ productivity and work motivation while increasing frustration in the work place.
    2. Working hours and work location are not flexible at all. e.g. employees can access their workstation from home, but those hours working from home will not be considered working hours if you hadn't been present at the office sometime during the day, which sort of defeats the purpose of working from home. In my team, there are at times urgent work that need to be completed by monday morning therefore requiring some work to be done over the weekend. Many times, on such occasions I prefer to skip the hour long commute into the office on a weekend and decide to just log in from home. But of course, by not being physically present in the office, the time I had spent working from home cannot be counted as work hours. This is another example of how management has so little trust in their employees and is always skeptical of their employees working from home. It is almost as if the option to work from home is there as a facade for the company to say that they provide flexible work hours and promote work-life balance.
    3. Management's reason for severely limiting internet access is the fear that employees may spend their days surfing the web instead of working. However employees are not given internet access even when it is needed to complete a work related task. Instead, employees can access the internet using the very few kiosks located strategically on each floor. Imagine trying to do some extensive work-related research and literally have to work out of the kiosks or otherwise making 20 round trips to the kiosk from your work desk. Files downloaded from the internet are not easily transferrable to our workstations either. Strictly restricting internet access to only Wikipedia and programming websites and not allowing internet access even when truly needed for work related purposes is just another reflection of QRM management’s paranoia.
    4. Many access privileges are only given to those who have been at the company since its founding days. No matter how talented/hardworking/smart a new hire may be, he/she will not be granted these privileges until they have been at the company for a certain amount of time. Another way to get privileges as a relatively new hire is to befriend the right people with the power to provide access privileges and quietly bypass company policies. Many people leave for a better place where privileges are given fairly to everyone and employees do not have to proof their loyalty to the company through decades of service just to earn something like having unlimited internet access or access to relevant proprietary information.
    5. For a such a small company, QRM is a very bureaucratic place. Many of the ultimate decisions are made by senior management. Because of the layers of bureaucracy, processes tend to take awhile to be completed especially when one person drops the ball or the one person becomes the bottleneck of the whole system and is so overwhelmed by the tons of approval requests he/she has to review. This adds to the mounting frustration that QRM employees are already subjected to.

    Advice to ManagementAdvice

    1. Put more trust in your employees. It will only encourage productivity, initiative, and increase motivation. If you can’t put any trust in your employees then why hire them in the first place?
    2. Reduce the red tape required for minor internal issues. Reserve that for more significant issues.
    3. Listen and consider what your employees have to say when it comes to what’s best for the company. In our performance reviews, we are required to write suggestions on how to improve the company but you don’t seem to read them at all. Stop being so aloof to the majority of your employees.

    Doesn't Recommend
    Disapproves of CEO
  7.  

    Neutral

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Statistical Financial Analyst  in  Walnut Creek, CA
    Former Employee - Statistical Financial Analyst in Walnut Creek, CA

    I worked at QRM

    Pros

    good benefits big vacation training

    Cons

    small company less opportunities conservative

    Advice to ManagementAdvice

    n/a

    No opinion of CEO
  8. 1 person found this helpful  

    Low Stress, Good Work/Life Balance but a Dead End for Career Development

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Analyst  in  Chicago, IL
    Former Employee - Financial Analyst in Chicago, IL

    I worked at QRM

    Pros

    - good compensation and benefits
    - very relaxed, stress-free, casual work environment
    - young, smart workforce
    - leader in its industry and very academic in nature

    Cons

    There is very little opportunity for career development and growth. QRM recruits smart talented individuals from great schools by promising opportunities in risk management consulting. In reality, the company is primarily a software vendor that is operating in cash cow mode. New analysts will either work the help desk troubleshooting bugs or work on a development team testing the software. The amount of true intellectual work is limited. You'll probably learn a fair amount about the industry but after a couple of years you max out and your job will never change.

    Leadership at QRM is horrible. The decision-making is concentrated in a handful of individuals and there is very little communication from them. Universal complaints and frustrations are routinely ignored. Most of upper management are smart people that have been around since the founding days of the company but are not cut out for managing or inspiring people.

    There is a lot of frustration throughout the company and it's created a somewhat toxic environment.

    Advice to ManagementAdvice

    Management needs to start taking employee feedback seriously. It could improve employee morale by rotating people through different functions. Unless the company ventures into new endeavors, it also needs to change it's recruiting methods. They try to recruit smart people to do unrewarding work.

    Doesn't Recommend
    Disapproves of CEO
  9. 1 person found this helpful  

    Compensation is good; everything else is some good, some bad -- probably evens out.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL

    I have been working at QRM

    Pros

    For developers, compensation and bonus is good. Talented people work here and keep up with latest technology. Stress level is low. Typically, you need to work only regular work hours (45 per week) and only on rare occasions need to work late hours and weekends.

    Cons

    Benefits (mainly health) are bad. Exact opposite of honest and open communication. Senior management is not strong. Even if 12 inches snow or you have a severe headache, you are expected to be in the office or take a time off; you cannot telecommute. Forget about being sent to external training.

    Advice to ManagementAdvice

    Encourage open and honest communication. Provide clarity, avoid vagueness; avoid backdoor arrangements. Upgrade health benefits. Embrace more liberal telecommute policy. Avoid pitting senior managers against each other; strive for synergy.

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Not a good place to start a career

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

    I worked at QRM

    Pros

    Work load is ok. Usually there are not many deadline to meet

    Cons

    Career growth and learning opportunities are very limited. My feeling is QRM has reached its peak and there is not much room for it to grow. All good positions are occupied by those "loyal" people. Senior management didn't encourage employee to learn, so some talented but not so loyal people has left

    Advice to ManagementAdvice

    Put focus on retain your current employee

    Doesn't Recommend
    Disapproves of CEO
  11. 2 people found this helpful  

    Decent place but its tough to learn stuff

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Financial Analyst  in  Chicago, IL
    Current Employee - Financial Analyst in Chicago, IL

    I have been working at QRM

    Pros

    Work life balance is good. The hours are not very long and there is almost never deadlines that require after hours work.
    The people that work there are smart, nice, and relaxed.
    The software is cool can be used for good stuff.

    Cons

    They do not encourage learning. No one can use the internet not even for research of to go to finance.com for example to learn about current events in risk or regulations that apply to your work there.
    There is no communiation from senior management about what is going on. You just have to wait and see.
    You get no feedback on how your career is progressing at QRM

    Advice to ManagementAdvice

    Just communicate better with the staff and allow them opportunities to learn so they can grow their career.

    Doesn't Recommend
    Disapproves of CEO

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