W. P. Carey Reviews

Updated July 6, 2015
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2.7
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Trevor P. Bond
9 Ratings

15 Employee Reviews

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  1. The future is bright at W. P. Carey

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at W. P. Carey full-time (More than 8 years)

    Pros

    Terrific corporate culture - focused on creating shareholder value and motivating employees. Entrepreneurial environment allows intelligent and hard-working employees to increase responsibility and be rewarded. Benefits, although not what they used to be, are still better than most comparable companies.

    Cons

    As the company grows it has become slightly more bureaucratic.

    Advice to Management

    Recent changes in management have employees feeling energized.


  2. Not diversity. Nepatism

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    They have good benefits for employees.

    Cons

    They barely hire minorities. They hire their relatives for top management. Work you to death with no appreciation.

    Advice to Management

    Dont make employees work multiple jobs just to save on cost. There should be no discriminaton against minorities and also practice equal pay.


  3. Helpful (2)

    Room for improvement

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous
    Current Employee - Anonymous
    Doesn't Recommend
    Approves of CEO

    I have been working at W. P. Carey full-time (More than 3 years)

    Pros

    Mid & lower level employees generally nice and nice to work with. Benefits are decent (although not as good as they used to be). Exposure to interesting real estate transactions world-wide. The CEO still seems to very much care about the employees and has genuine interest in the company & the morale of all.

    Cons

    Expectations are unrealistic, and the extremely poor planning of a new system implementation project has made employees very stressed and extremely burned out. New management brought in over the past few years has implemented changes in culture & general work environment that create a hostile and dissatisfied work place. The general mentality is that most upper management (not including aforementioned CEO) does not care about its mid to lower level employees, with continual empty promises that "it'll get better" while there is no indication that it will for the foreseeable future.

    Advice to Management

    Don't keep throwing unrealistic expectations at the mid to lower level employees and expect them to work 24 hours a day, 7 days a week to clean up messes that could've easily been preventable. Offer to help out every so often, or show some more support rather than just the "sit back while you sweat it out and fix it" type of attitude.


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  5. Helpful (1)

    Accountant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Friendly work environment, smart and driven individuals.

    Cons

    Not many that i can think of.


  6. Great Firm

    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at W. P. Carey full-time

    Pros

    Quality firm to work for.

    Cons

    I would look carefully what your growth potential is in whatever job you are offered - for you own knowlegde


  7. Helpful (3)

    Company is going downhill. Still performing well but employees are demotivated and unhappy.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at W. P. Carey full-time (More than 3 years)

    Pros

    Good benefits, work is interesting. Company is a leader in its industry and employees feel proud about that. New systems being put in place should ultimately have a positive result on workload and processes.

    Cons

    Management is completely disconnected with the rest of its employees. New management that has been brought in over the last few years is trying to redefine the company and its culture. No value for the long history of success. Ridiculous expectations being set in accounting and IS departments.

    Advice to Management

    Stop hiring all new people and firing those who have worked hard to build company.


  8. Helpful (2)

    Super micromanagement & Poor management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in New York, NY
    Current Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at W. P. Carey full-time (More than 5 years)

    Pros

    Benefits, but it is not as good as used to.

    Cons

    Super micromanagement in the accounting dept, they keep track what time you come and leave, they make sure you work long hours, most managers have no clue about real estate accounting. You're on your own. Anything screwed up, you're screwed.


  9. Helpful (1)

    Potential for Change

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at W. P. Carey full-time (Less than a year)

    Pros

    New CFO with great leadership and vision for change.

    Cons

    Old boys club enviornment will take time for real changes to be implemented.

    Advice to Management

    Seek advice of employees, both new and old to understand the issues within the company and across departments, as there are many areas to improve.


  10. Helpful (1)

    Worst mistake ever- micromanagement coupled with excessive long hours everyday until 11pm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at W. P. Carey full-time (More than a year)

    Pros

    Great for young people with no family and wants a firm for a short term for their résumé. Good benefits.

    Cons

    They think they own you. Blackberry. Email on a Saturday at 3 Am. Work till 11 pm. Expect to work holidays including day after thanksgiving/ additionally training is by consultants that want perm jobs. Computer system is very poor, although they are looking to upgrade within 2 years.

    Advice to Management

    Have the perm employees train newcomers and not the temp. Also be honest about the constant long long hours. Get a new computer program faster. Perhaps your employees won't have to work to midnight. Excel on manual is unheard in this day in age!


  11. Helpful (1)

    Old boys club...nepotism, nepotism, nepotism

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - N/A in New York, NY
    Former Employee - N/A in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at W. P. Carey full-time (More than 3 years)

    Pros

    Great benefits (in the looooooong run). If you can tolerate being another suit in a ship full of Borg.

    Cons

    The entire office culture is based on white, uptight, frat boys from family connections, stuffy Arian from Darien clubs and socialite wannabes with little to no intellectual curiosity to navigate real world business.

    Advice to Management

    Add mandatory diversity training to all levels of employees, including the Board and Executive Committee. The old fogey stogie era is over...it's time to get with the new. The CEO is yet another relative of William P. Carey.



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