Audax Group Reviews | Glassdoor

Audax Group Reviews

Updated July 10, 2017
18 reviews

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3.5
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Audax Group Co-CEOs & Founders Geoffrey S. Rehnert & Marc B. Wolpow
Geoffrey S. Rehnert & Marc B. Wolpow
9 Ratings

18 Employee Reviews

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  1. "Excellent Learning Opportunity; Hardworking Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Boston, MA
    Former Employee - Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Audax Group is an incredibly successful firm based upon a simple model. This model also lends itself to very high deal volume. No other firm can show you the deal process front to back as many times as Audax. Junior team is a great group of people, very welcoming.

    Cons

    This high deal volume lends itself to repetitive processes and many repeated phone calls with 3rd parties. Not much work on operational initiatives, analyst role is mainly as CFO support during add-on acquisitions.

    Advice to Management

    Keep making money, and people will keep working hard for you. Management's familial priorities are in the right place, just pay it forward.


  2. Helpful (4)

    "Hell Hole for PE Professionals"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Boston, MA
    Current Employee - Associate in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    - Good deal flow
    - Tons of reps
    - Smart people
    - Solid returns

    Cons

    - Every time I mention to anyone in the industry I work at Audax group, they tell me they are sorry for me and ask how I am surviving. Anyone on Glassdoor that says Audax hours / lifestyle / culture are in line with industry are so disconnected from reality that it only affirms how all-consuming the Audax deal professional life is. Bottom line is that the firm owns you when you sign on the dotted line, and that is exactly how you are treated
    - Though they recently increased comp, it is still below average for the fund size and is well below anything reasonable for the amount of sacrifice required to be successful here
    - The analyst and associate classes go through waves of depressingly low morale, that is offset by management throwing a party or providing small 'battle bonuses' when things get pushed to the brink. People are appeased for a moment, then, when the reality of your job quickly sets in, morale drops and the vicious cycle returns
    - The firm is incredibly top heavy-- way too many MDs that spells slow growth and limited advancement opportunities
    - MDs are generally very smart and competent people, though there are a handful of senior management who have very odd titles and job descriptions, and they make life miserable for pre-MBAs b/c they are constantly seeking to remain relevant in a firm where they have no real value-add
    - the CEOs create a cut-throat fiefdom-type culture where there is little sense of collegiality and team orientation at the top

    Advice to Management

    - The most important and impactful move that management could make would be to gain self-awareness of how poisonous the culture is and the level of tax the organization pays as a result of this

  3. "Property, Personal & Financial Administrative Assistant to Co-CEOs"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Property, Personal & Financial Administrative Assistant in Brighton, MA
    Former Employee - Property, Personal & Financial Administrative Assistant in Brighton, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Audax Group (Less than a year)

    Pros

    Great work environment! Great perks!

    Cons

    Task sometimes seemed monotonous at times


  4. "Review"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Brockton, MA
    Former Employee - Anonymous Employee in Brockton, MA

    I worked at Audax Group (Less than a year)

    Pros

    Was compensated very well here

    Cons

    Workplace culture could be better


  5. Helpful (4)

    "Fast-paced, high exposure, high responsibility opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Boston, MA
    Current Employee - Analyst in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Audax Group full-time (More than a year)

    Pros

    The opportunity to skip banking and go right into PE at a well respected firm is huge. It's hard for people who have never experienced bulge bracket banking (which I'm assuming is many of those who left negative reviews) to understand how brutal those two years are. Audax works you hard but the work you are doing is value add and you are given an immense amount of responsibility. You work directly with the senior individuals at Audax and at your portfolio companies.

    Audax has a free matrix staffing model which means you end up working on a wide variety of teams your first couple years before you start to gravitate towards certain individuals. While this does mean that you have to adapt more at the beginning it is a positive opportunity to get exposure to different work styles, investment knowledge and leadership styles.

    Audax covers such a wide range of industry niches that you can seek out staffing on cases you really enjoy. Since you cover 4-5 companies you are bound to have one you don't like or is struggling, but that's a part of life and something you'll experience everywhere. It's one of the best places to get a serious breadth of industry knowledge. Deal reviews are open to everyone in the firm so good opportunity to soak up information.

    Also, they just closed on a ~$2.5b fund (only took three months so you can guess what prior returns have been) and are aggressively expanding so it's a great place to be.

    Cons

    Yes, the hours are tough but they aren't any worse than banking by any measure. If you are going to work all those hours wouldn't you rather be doing value added work than churning out pitch books? Also, if you learn how to utilize the infrastructure that Audax has put in place (in-house lawyers, marketing, capital markets, and tax people) you spend your time doing important stuff and don't waste hours on menial tasks.

    Advice to Management

    More emphasis on mentorship programs that make sure best practices are communicated and that individuals are receiving proper official feedback in order increase productivity


  6. Helpful (2)

    "Audax Group PE is a great learning experience, but an underpaid, toxic culture sweat shop"

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

    I have been working at Audax Group full-time (More than a year)

    Pros

    I am a current investment professional at Audax PE. You learn a ton because you do so many deals. MDs are generally highly competent.

    Cons

    Horrible hours, absolutely awful culture. Senior mgmt does not care about junior employee-- no development of staff, cut-throat culture, obscene hours, and no emphasis on morale or culture. Junior team members were refused the ability to con-invest. So not only are you underpaid relative to market and to the hours your work, you no longer can put any skin in the game.


  7. Helpful (3)

    "Only worth working at if you have zero experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Fund Accountant in Boston, MA
    Former Employee - Fund Accountant in Boston, MA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    When they have a good year they can have nice holiday parties etc. Nothing compared to other shops though

    Cons

    Very simple basic work
    Make you work long hours for no reason at all
    Promote within, not based on experience overall which leads to classic middle management syndrome
    Treat you like a child
    You have no voice even if what you are trying to say is correct

    Advice to Management

    Try to understand the Audax Group does not rule the world. You could actually keep talented employees if you understood this. It is now filled with untalented individuals

  8. Helpful (2)

    "A chance to skip two years of ibanking and begin investing right out of undergrad"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Summer Intern in Boston, MA
    Former Employee - Summer Intern in Boston, MA
    Recommends
    Approves of CEO

    Pros

    Summer internship program is really well designed to give you a taste of what it is like to work on the deal team with one week of training at beginning of the program. There is no make work, first week on job I traveled to a management meeting with an MD and VP, I got to work on two live deals and two portfolio companies during the ten weeks. Really liked the people and thought there was a good mix of social events to get to know the senior team.

    Cons

    You definitely work hard and can travel extensievly depending on your deals / portfolio companies. It is a matrix starffing model, so every team you work on differs- which is a con and a pro. Post-undergrad comp scales up significantly in third year after school, so if you're thinking about leaving in first or second year, it's not as lucrative.


  9. Helpful (7)

    "A tough place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Boston, MA
    Former Employee - Associate in Boston, MA
    Doesn't Recommend
    Disapproves of CEO

    Pros

    A lot of people to hang out with, a few senior people who are really good and nice, and if you like Boston, there aren't a ton of PE firms.

    Cons

    Thank less culture. Underpayment vs other PE firms. Many managing directors don't understand finance. Over monitor portfolio companies. Obscenely long work hours. Condescending and egotistical management.

    Advice to Management

    Chill out. there is no reason to work people the way you do. Pay people a bit more; take a small amount out of the pockets of management to do so.


  10. "Great place to work!"

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

    I worked at Audax Group full-time

    Pros

    Fair compensation & bonus, excellent benefits

    Cons

    Not enough room to grow


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