Studley

www.studley.com
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Studley Reviews

Updated February 17, 2015
Updated February 17, 2015
17 Reviews
3.0
17 Reviews
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Mitchell S. Steir
6 Ratings

Employee Reviews

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  1.  

    Established company with knowledgeable professional

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

    I have been working at Studley

    Pros

    Long-established real estate firm with solid corps of senior leadership and highly skilled employees.

    Cons

    Limited support services and lack of structure

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Poor Management

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

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

    Pros

    there are many smart employees

    Cons

    Consistently poor management
    Lack of strategy and minimal feedback

    Advice to ManagementAdvice

    Develop a strategy

    Doesn't Recommend
    Negative Outlook
  3.  

    Stressful Demanding Work with Good Pay

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

    I worked at Studley full-time (more than 5 years)

    Pros

    I worked for more than five years in the New York office and made some really good friends. You are paid well to deal with the stress and different personalities of the brokers. It is true that many of the staff are often in the bathroom crying - but I was told upfront that is why they pay so well. Excellent benefits and pay. Staff gets to participate in the yearly summer outing, which is a great opportunity to learn and have fun as well. Holiday bonuses from corporate are generous, as are the ones from the brokers. Meals were constantly provided by the company and/or brokers, and car service was available for the very late nights at the office. You have to work hard, but once they realize your value, they will respect you.

    Cons

    Staff is considered overhead and they never let you forget that the brokers pay for your salary. Very stressful atmosphere. Very competitive, even amongst staff. Overtime is not uncommon - tons of late nights. No real training structure in house, but they did encourage you to use money allotted to you for training outside.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5.  

    Great Experience

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

    I worked at Studley

    Pros

    Challenging and demanding environment that will push you to be your best

    Cons

    More modeling training would be ideal

  6.  

    Intern

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

    I worked at Studley

    Pros

    Good team to work with

    Cons

    Tough to get listings and build a client base

    Recommends
    Neutral Outlook
  7.  

    Lease Audit

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Lease Audit Department in Hackensack, NJ
    Former Employee - Lease Audit Department in Hackensack, NJ

    I worked at Studley (more than 3 years)

    Pros

    -flexibility
    -great co workers

    Cons

    Working for this company was so stressful and management for lease administration/audit talked down to employees and always think he knows best.

    Advice to ManagementAdvice

    If you provide adequate training and interact with employees, the turnover rate would decrease.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8.  

    Studley Review

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

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

    Pros

    Good professional Service Firm with talented professional staff

    Cons

    Personalities of firm leadership are toxic and lethal

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Great way to break into real estate

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

    I have been working at Studley full-time

    Pros

    Very entrepreneurial. You get out of it what you put in. Flexible schedule. You really learn a lot about the industry and you get to work with seasoned professionals.

    Cons

    No salary. Takes a few years to get your feet wet.

  10.  

    Associate Director

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

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

    Pros

    If you work for the right Director, your career could be very successful

    Cons

    Get in with the wrong Director, you will have a very limited career (in a field with high attrition).

    Advice to ManagementAdvice

    Because of the greed of the Directors, a lot of high quality people are lost. They say it takes three years to get up and running--but you'll never make it that long. Basically, everyone below a Director builds their pipeline only to be let go (after 6-months, 1-year, or 2-years them). After all the leg work you did, when the deal does close, the money goes straight to the Directors. Work here only if you want to make someone else rich!?

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    Great place for self sufficient producers

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

    I worked at Studley full-time (more than 5 years)

    Pros

    Freedom to work on what you want, decent splits, annual/bi-annual company paid trips are fun and help build deep relationships, very strong brand and prestige in certain markets but very little cachet in others. Exposure to large and skyline shaping projects at a young age if you work for the right senior brokers. Ability to make several hundred thousand a year in your 20's if you are good, though you make very little when you start. The company is the best place for people who already know what they are doing and already have a book of business but simply desire keep more of the pie and not be interfered with as much as at larger shops like CBRE, JLL and Cushman.

    Cons

    Very little training and support, especially for rookies. Management is typically made up of the highest producers in the company (who also own the company) rather than professional managers trained to lead and inspire a collective unit. Young people are at the complete whim of the team that hires them as corporate has little participation or interest in the process. Commission structure with no base salary is 90% of the company and not for most people. High turnover due to the fact that is easy to hire someone on commission even if they don't work out.

    Advice to ManagementAdvice

    Create a collective vision and make people feel a part of something larger than their own income. Provide support and training to junior brokers to improve client service and reduce turnover.

    Recommends
    Neutral Outlook
    Disapproves of CEO

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