Charles River Development Reviews | Glassdoor

Charles River Development Reviews

Updated November 29, 2017
173 reviews

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3.0
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Charles River Development President and CEO Peter Lambertus
Peter Lambertus
92 Ratings

173 Employee Reviews

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Pros
  • Work happens at a good cadence so good work life balance (in 15 reviews)

  • Charles River is a good place to work with some very smart people (in 28 reviews)

Cons
More Pros and Cons

  1. Helpful (2)

    "Things have gotten worse"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Systems Analyst in Burlington, MA
    Current Employee - Senior Systems Analyst in Burlington, MA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Charles River Development full-time

    Pros

    - Good money
    - Lots of cross team collaboration

    Cons

    *No growth opportunities*
    - When you are hired, you are told a promotion within 6 months is highly likely, but even after 3 years there is no sign of any growth
    - Work is repetitive and boring
    - Some employees are given preferential treatment over others
    - My coworkers were not being respected and it was an overall degrading work environment

    Advice to Management

    Give truthful picture of the role to new hires and don't give false promises on promotion timeframes


  2. "Decent company"

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

    I have been working at Charles River Development (Less than a year)

    Pros

    Good communal office space
    Nurturing for interns

    Cons

    Very corporate atmosphere
    Very little growth

  3. Helpful (1)

    "not an exciting place to work"

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

    I have been working at Charles River Development full-time (More than a year)

    Pros

    Solid products, smart people, good pay, minimal internal politics, minimal meetings.

    Cons

    Old technology. Management has little trust in employees, inflexible, resistant to work from home option and exclusively top down style. Little employee engagement. Sporadic firing. Atmosphere in the office is stifling, people are wary of being seen mingling. Less than 10% of employees showed up for all-company sponsored social event. No company spirit, not an exciting place to work.


  4. Helpful (1)

    "Smart people, but not a good place to work."

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

    I have been working at Charles River Development full-time

    Pros

    Great client base you can learn from. Smart colleagues that challenge you every day.

    Cons

    No work/life balance here, forget about socializing with colleagues, the culture is so dry and uneventful. Work from home is non-existent
    No room for advancement and developing your career. Lack of transparency, firings occur regularly and without clear circumstances. Management is authoritarian, only look for themselves, and they can fire you at any given time just to save their job.


  5. Helpful (2)

    "If only I could give no stars! Worst company I have ever worked for."

    StarStarStarStarStar
    • 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

    I worked at Charles River Development full-time (More than 3 years)

    Pros

    I can't think of a single pro!

    Cons

    The list is too long.
    - The management has absolutely no respect for their employees. They fire somebody just so they can keep the employees on their toes. And they don't like you mingling with your co-workers!
    - Zero team activities. Not even a team lunch once a year.
    - There are absolutely no perks. I think the only perk is they provide water and coffee for free.
    - Just forget about your work/life balance, social life. They have a weird 45 hours work week. No working from home. And they are monitoring you all the time! BEWARE!
    - The managers are inexperienced. They do everything else other than managing.
    - no growth opportunities, no bonus, not a great salary, raises are nominal.

    Advice to Management

    Be compassionate and respect your employees. Give feedback if you think somebody needs help. At least try to give prior warning before just firing somebody because of their performance or any other reason.


  6. Helpful (6)

    "Golden hand Cuffs and Technology Grave Yard"

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

    I have been working at Charles River Development full-time

    Pros

    Best Salary in the area. Unless its is the google or amazons, no other company is boston can beat the base salary of CRD. The total salary may be same as many of the financial tech companies. Its just the base which is usually high in CRD. No need to wear clean ironed dress everyday. Come in jeans and collar less t-shirt. No body cares. Very few meetings or emails or phone calls on the desk. Small teams. Desktop machines are powerful and no restrictions on internet browsing.

    Cons

    Technology grave yard. Old legacy product. Latest JDK but using the same features of java as in Java 1.0.
    9 hours work day mandatory.
    Lack of transparency. No one knows when they will get fired which happens regularly and mysteriously. Tech folks are fired less often than PMs but everyone seems to aware that today could be last day.
    Decisions are made at higher level. Lack of growth prospects. Just do 8-10 point PTs every week. Nothing else is expected from you. Feedback either in management, process or technology is discouraged and get you fired. There is a good chance you might love this company if you give more importance to family and personal life than career/technology/work.

    Advice to Management

    None.


  7. "Amazingly talented people"

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

    I have been working at Charles River Development full-time

    Pros

    The people at CRD are very high caliber and great to work with. Very helpful, and they work very hard.

    Cons

    Promotion from within is limited.

    Advice to Management

    Build a career plan as part of every employee.

  8. "amazing place"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    all kinds of autonomy possible

    Cons

    location is distant from my friends


  9. Helpful (5)

    "High pay for boring job"

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

    I worked at Charles River Development full-time

    Pros

    - Engineering staff's salaries are above average - but for good reasons (see "cons" for details).
    - The product development and life-cycle processes are very well organized, especially considering the size and complexity of the system. A good chance to learn some very marketable skills and techniques in this area.
    - Exposure to a lot of financial industry knowledge, which is also sells good.
    - Nice and intelligent rank and file people (but the air is thinning rapidly with every management level).

    Cons

    Where to begin...
    - The management style is very authoritarian, from CEO/owner all the way down. Talented leaders leave, masters of corporate politics stay.
    - The technologies and architecture the system is built on are obsolete by 15+ years, with no real efforts to move it into 21st century. It appears that the key decision makers in this area are quietly planning to cash out before this comes back and bites the company in the butt.
    - 45-hrs work week, no work from home unless it is a major snowstorm or a zombie apocalypse.
    - The corporate culture is very dull (think "Office Space"). Company events are as much fun as a distant relative's funeral.
    - Regular firings of people to keep everybody else motivated to work harder.
    - Add up all of above and it explains why the company has to pay high to retain at least somewhat competent workforce. Does not help much though, the really good engineers are either avoiding the company or leaving quickly.

    Advice to Management

    Check the calendar, it is 2017 out there.


  10. Helpful (6)

    "Recent direction is not positive"

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

    I have been working at Charles River Development full-time (More than 5 years)

    Pros

    Excellent exposure to clients (asset managers, hedge funds). Constant opportunities for relationship managers and product teams to talk to clients. Great to have on-site talented engineering teams.

    Cons

    The CEO/owner has let go - or driven out by resignation - in recent months several of the industry experts the firm had. We've lost colleagues that understood the markets, could talk to the clients in great detail about their business needs, and provided direction for the product. Remaining managers are concerned about making project decisions because of recent events. This has left us in some areas rudderless.

    The CEO/owner does not wish to get involved in the road map planning of new projects or initiatives, or to delegate the responsibility to another senior manager. The projects have road maps based on the resources the CEO/owner is willing to commit. The CEO/owner months later checks in and expects different results, and summarily lets go - or forces out - the individuals leading the effort.

    The firm is obsessed with pushing all clients to SaaS but is not materially investing in technologies that would better leverage the SaaS model.

    The work-from-home policy is luddite. The CEO/owner works from home 99.9% of the time, but if staff want (or need) to work from home occasionally, they are reminded that work from home is not sanctioned.

    The CEO/owner is myopically concerned by a single competitor when it's losing deals to multiple competitors.

    Advice to Management

    The CEO/owner should have greater confidence in his staff, and greater empathy how the forcing out of a number of respected colleagues would have on the company's morale.

    Large-scale and/or new initiatives should be understood better by senior management, with expectations for results in-line with the staffing they are willing to commit to the project.


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