Working at Cerberus Capital Management | Glassdoor

Cerberus Capital Management Overview

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New York, NY
10000+ employees
Unknown
Company - Private
Investment Banking & Asset Management
$10+ billion (USD) per year
Unknown
Named after the mythical three-headed dog that guards the gates of hell, Cerberus Capital Management has been a driving force in private equity. One of its most notable moves was its 2007 purchase of 80% of Chrysler from Daimler (a stake that has since been eradicated). Cerberus ... Read more

Cerberus Capital Management Reviews

3.3
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Stephen A. Feinberg
10 Ratings
  • "Great Company, Avoid IT Department!!!"

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

    I worked at Cerberus Capital Management full-time

    Pros

    First, let me be completely honest and say that this is a great company to work for. Benefits are incredible and I believe the company truly cares about their people (most departments anyway). I have had interactions with C-Level and above colleagues and almost all have been wonderful.

    There are some very smart developers here.
    As well, many smart operations personnel as well.
    To be fair, I think most of the company should get praise for what it's done and continues to do.
    Clear vision and execution strategy.
    A company that truly cares that his people are getting the best benefits they can provide from day 1.

    Cons

    The cons I list, as well as any ratings that are not a 5 star, are directed towards ratings of one particular area, not the company itself. This area is a chaotic mess when it comes to developing and delivering their software. There is no process, no discipline, and attempts to work with them from outside departments such as the one I was in was terrible. Someone wrote about a previous interview where a manager had a limp handshake and was too busy reading his emails to pay attention. He also noted that the group seemed without discipline and chaotic. Boy was he ever spot on. I've even heard a manager ask why one developer was talking to ops "without adult supervision". I have personally witnessed in meetings where both managers treated everyone very condescending, as though they were not worthy of their time. I've heard people called "stupid", and always told they "don't get it". Strange how so many folks "don't get it", could it be the person relaying the message is the problem?

    Total lack of discipline.
    Software delivery deadlines are constantly missed.
    People are forced to use a system that is under-performing, and their input is completely disregarded.
    It is very uncommon to hear positivity coming from leadership in the development arena. Public negativity runs rampant.
    I've also been witness to people voicing honest concerns only to "disappear" soon thereafter. Although no one will admit to it for obvious reasons, retaliation runs amock.

    Millions of dollars are being wasted on what should be (and intent was very much is) a data warehouse that is unsustainable. Constant fitting of square pegs into round holes just because of a lack of any vision other than one persons.

    Advice to Management

    Take a serious look into the money you have and continue to spend on your data warehouse and supporting infacing and outfacing support structure. Whatever status updates you may have been provided, it can not be completely honest. You also have a serious liability in how management in this area treats (abuses) your most valuable resource, your people. The lack of interpersonal skills and flat out disregard and condescending attitude by management has taken a huge toll and will soon take more. Down the road you will realize, but it will be too late by then. Cerberus is a great company, but you have serious issues that need to be addressed.

    The rating for the company as a whole is 5 stars as shown below:

    The rating for the anyone interested in software development based upon interactions over the years is as follows:

    Career Opportunities : 0
    Compensation and Benefits: 5
    Work/Life Balance: 3
    Management: 4
    Culture and Values: -1

See All 19 Reviews

Cerberus Capital Management Interviews

Experience

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Getting an Interview

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  1.  

    Associate Interview

    Anonymous Employee in New York, NY
    Accepted Offer
    Positive Experience
    Difficult Interview

    Application

    I applied through a recruiter. The process took 2 weeks. I interviewed at Cerberus Capital Management (New York, NY) in March 2017.

    Interview

    Through a recruiter. Met with the manager and his manager in the first round. Technical questions about work.

    Second round was meeting with the managing director and another associate and the previous two managers. They tried to intimidate me with a rapid fire round of questions on how the deal works.

    Interview Questions

    • How do you calculate Diversity Score? Have you done cash recon before?   Answer Question
See All 5 Interviews

Cerberus Capital Management Awards & Accolades

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