CarVal Investors Reviews | Glassdoor

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CarVal Investors Reviews

Updated January 29, 2018
12 reviews

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2.7
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John Brice
1 Rating

12 Employee Reviews

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  1. "Challenging and Interesting Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in Hopkins, MN
    Former Employee - Analyst in Hopkins, MN
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I worked at CarVal Investors full-time (More than 8 years)

    Pros

    Smart colleagues who are willing to help you learn more
    Interesting asset types (credit, loans, real estate, special opportunity assets)
    No two days are alike - can be very fast paced

    Cons

    Leadership does not communicate well/enough with staff
    Deal management software is not easy to use
    Limited advancement potential but some opportunities for lateral movement
    Can be a political and/or cliquey environment

    Advice to Management

    Be honest and stop trying to spin the message


  2. Helpful (1)

    "Good place for development"

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

    Pros

    Fund with broad mandate; strong in value investing and distressed investing - particularly credit analysis

    Cons

    Culture changing - increasing becoming political

  3. Helpful (2)

    "Cutthroat environment with maniacal leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director, Income Tax Accounting in Minnetonka, MN
    Current Employee - Director, Income Tax Accounting in Minnetonka, MN
    Doesn't Recommend
    Negative Outlook

    I have been working at CarVal Investors full-time (More than a year)

    Pros

    was paid a lot of money. many of my colleagues were friendly and enjoyable to work with.

    Cons

    learned many choice swear words from the company president who I constantly heard yelling obscenities in the phone (I worked just outside his door). conversations in break room/phone rooms were wiretapped and recorded. Cloak-and-dagger politicking was commonplace. Two persons in senior management were particularly difficult to work with, for different reasons. One you simply couldn't trust (not competent in his role, and verifiably lied to employees on a regular basis)

    Advice to Management

    take a chill pill every once in a while. also, work on exhibiting integrity in the work product and your conduct with employees.


  4. "My Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Minneapolis, MN
    Former Employee - Anonymous Employee in Minneapolis, MN

    Pros

    CarVal has a positive atmosphere.

    Cons

    Difficult to growth in the organization


  5. Helpful (2)

    "Large Bonuses are not worth what you put into it."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Minnetonka, MN
    Former Employee - Anonymous Employee in Minnetonka, MN
    Doesn't Recommend

    Pros

    Bonuses. Monetary Compensation is great. Great international exposure in a variety of investment products.

    Cons

    This is not a place you want to spend alot of time at unless you belong to the old boys club. There was an intense dislike of the operations managers and controler from the view of a low or mid level employees. The best day is the day you receive your bonus, the remaining 364 days is an invesment in futilty. I very overqualifie for my position.

    Advice to Management

    You need to recoginize your most important invesment, the human capital you employ.


  6. "Sink or swim, you will receive very little to no support for success."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Minnetonka, MN
    Former Employee - Operations Analyst in Minnetonka, MN
    Doesn't Recommend

    Pros

    Compensation is very good compared to most places.

    Cons

    There is a what have you done for me lately attitude regardless of how much you have earned or any pass contributions you may have done to help make it a great place. Definitly an old boys club and all outsiders need not stick around to enjoy the fruits of any labor. You will be used and dumped as soon as they see fit.

    Advice to Management

    Really need to take a look at your operations and audit team to see if you have the right kind of leadership in place as I saw none when I was there.


  7. "Generally good, but there are bumps"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Minnetonka, MN
    Former Employee - Anonymous Employee in Minnetonka, MN
    Recommends

    Pros

    The compensation is a highlight of working for CarVal as it is at any hedge fund. The office environment is generally positive.

    Cons

    There can be frustrations at CarVal as they are in the middle of becoming a full on hedge fund instead of a prop book.

    Advice to Management

    None

  8. Helpful (1)

    "Interesting and exciting business, but no room for career growth"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance Professional in Minnetonka, MN
    Current Employee - Finance Professional in Minnetonka, MN
    Doesn't Recommend

    Pros

    interesting business - get exposure to many asset classes

    Cons

    company wants high credentials for positions, but then puts employees in less than challenging positions

    Advice to Management

    don't over sell positions


  9. "Nepotism, politics and no fun"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at CarVal Investors full-time (Less than a year)

    Pros

    You get a good idea of working for a small hedge fund.

    Cons

    - Nepotism: You have to be either a friend or a relative to succeed. My favorite story is when one of the directors hired his own brother to work under him. Most of the people who already work there, know each other from previous roles and it makes really hard to get into the inner circle.
    - Politics, politics, politics: People spend a lot of their time talking behind closed doors about non-project related topics.
    - Lack of diversification: 80%+ of the employees are British male. The very few female employees, are usually PAs.
    - No transparency in regards to the rewards and promotions.
    - Benefits are below industry average.
    - Negative against innovation.
    - Too much alpha-male attitude for such a small place.
    - A lot of inferiority complex going around this place. Most of the employees are coming from retail banks or consultancies and are trying really hard to behave as hedge fund employees.

    Advice to Management

    Be open to new ideas, and reconsider the hiring process. Hiring same people as the current ones will not take you very far.


  10. "Overall a good place if you have no career aspirations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at CarVal Investors full-time (More than 5 years)

    Pros

    It's a big company with solid legacy culture and possibilities to learn new things. Their remuneration package is decent compared to market standards and there is a good working environment in operations.

    Cons

    People on the investment desk very detached from the rest of the company and the main focus of some senior managers was on internal politics as they were trying to get liked by the chairman to progress their careers and get good bonuses.

    Advice to Management

    Be careful of political people and incentivize performance not only with remuneration but also by showing actual trust and consideration.


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