Duff & Phelps Reviews in New York City, NY | Glassdoor

Duff & Phelps New York City Reviews

Updated September 18, 2017
48 reviews

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New York City, NY Area

2.8
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Duff & Phelps Chairman, President, and CEO Noah Gottdiener
Noah Gottdiener
25 Ratings

48 Employee Reviews

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Pros
  • work life balance, culture, access to senior bankers (in 23 reviews)

  • Fairly easy to adapt to the work environment (in 20 reviews)

Cons
  • Low work life balance, very high demanding environment (in 19 reviews)

  • You will work very long hours, even as an intern (in 31 reviews)

More Pros and Cons

  1. "Valuation analyst"

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

    I have been working at Duff & Phelps full-time (Less than a year)

    Pros

    Great work environment. Able to learn a lot doing a variety of projects, able to promote quickly through the company

    Cons

    Not enough pay for the hours worked, it is close, all though... not enough. Great resume builder though, quick turn over for many people in this company


  2. Helpful (5)

    "I Do Not recommend this Company!"

    StarStarStarStarStar
    • 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 Duff & Phelps full-time (More than 3 years)

    Pros

    There are some great people working here, very bright people.

    Cons

    The pay is below market and the bonuses and raises are poor. There is minimal work life balance as it is frowned upon if you do not supersede the firms utilization targets. The Company does not take the time to invest in their employees in reference to training and mentor-ship to prepare them for the next level of promotion. The Company would rather continue to hire from the outside than promote their own people internally. The culture or rather lack there of is very fragmented. Each group does their own thing and even within a single group their is no uniformity or comradery. The "power of the ampersand" is merely a slogan that is in no way the reality of how the groups within the firm work and conduct business. All of the MD's "do their own thing" and judge employees differently based on their own personal working styles and opinions of an individual. There is no consistent performance process to determine promotions FAIRLY and UNIFORMLY but rather you must be favored or well liked by an MD with "pull" in order to get promoted. If you are not an "MD Favorite" you will not be promoted. Plain and simple. Even management is selective on who they interact with and who they don't and do not make an effort to get to know and develop all of the employees under them. The Company also lacks diversity across many many levels and although the Company states they are investing in such efforts, no such results of such efforts can be seen. As with any Company there is red tape and politics. Duff & Phelps is FULL of it. The human resources department appeases you to at least meet with you to hear your concerns and thereafter does nothing with them. There is only change once you repeatedly voice a matter. Lastly, a lot of the MDs here do not know how to encourage and motivate the lower level staff. They are also not well trained or skilled in ho to give constructive criticism. They have their opinion and if you do not line up with how they think you are deemed a poor performing employee. a true leader encourages an employees strengths and works with the employee to develop them in their area of weakness. The MDs here are not leaders, they are simply people whose job is to bring in money to the firm. They are also untouchable meaning they can do no wrong. I have witnessed MDs speak to the employees here in a way that is demeaning , disrespectful and certainly not professional and yet senior leadership has taken little to no action.

    Advice to Management

    You need to train and invest in your employees so that you can promote looking INTERNALLY first. When employees do not feel valued or like there are no opportunities to advance in their careers they leave. This is not rocket science. The employee turnover is high. Care about your employees. That is the only way to retain talent which will inevitably promote the growth and expansion of the business.

    Talk to your people, not a select few. Promote unity and diversity it is the way of not just the future but of now. Duff & Phelps is so behind. Diversity is not just having a handful of female employees. Executive management and senior management should educate themselves further in this area.

    Duff & Phelps Response

    Oct 5, 2017 – Human Resources

    Thank you for your honest feedback regarding your time at Duff & Phelps. We regret to hear your experience with us was not positive. Please know that we aim to foster an environment where every... More

  3. Helpful (1)

    "Not a professional culture"

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

    I have been working at Duff & Phelps full-time (More than a year)

    Pros

    If you're interested in creative finance and valuation models and deep diving into Blooomberg for information, this isn't a bad place

    Cons

    Other reviews have characterized Duff as a sweatshop, and they are spot on.
    Pay is not competitive with the market, something the firm fails to acknowledge
    Long hours are expected, but many could have been avoided with competent leadership that can clearly articulate strategy, agenda, and deadlines rather than running the shop reactively as the status quo
    Peers don't act professionally. Everyone seems keen to interrupt what you're working on because they see their project as a higher priority.

    Advice to Management

    Work more closely with other teams rather than in fiefdoms
    Take a more strategic approach to developing employees instead of just grinding them out. Your turnover rates aren't good for your efficiency
    If the CEO can multitask with a phone call in the restroom, he can also take the time to wash his hands – embarrassing

    Duff & Phelps Response

    Oct 5, 2017 – Human Resources

    Thank you for your comments, we appreciate your candid feedback. We’re sorry to hear that you are finding it difficult to retain a satisfying work/life, and that you do not feel your team is working... More


  4. Helpful (1)

    "Corporate Finance / Investment Banking"

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

    Pros

    Access to senior people, collegiate culture, nice and smart people, firm is growing in certain divisions

    Cons

    Terrible work / life balance, staffing is a toxic culture, sweat shop, terrible brand name and no respect in the industry, little to no deal flow for CF so constantly pitching, terrible deal mix

    Advice to Management

    listen to junior people feedback, and understand place in industry to make real improvements


  5. "Analyst"

    StarStarStarStarStar
    • 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
    Neutral Outlook
    No opinion of CEO

    I have been working at Duff & Phelps full-time

    Pros

    Good place to start in the industry and learn;
    2-3 year career stepping stone.

    Cons

    Management is very hands off and don't really care about the junior level;
    Rude and very aggressive culture;
    Too much politics;
    Lack of good technical employees and can't keep them.


  6. Helpful (2)

    "Sr. Associate"

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

    I have been working at Duff & Phelps (More than 3 years)

    Pros

    Ease of access to Senior level management is a plus.

    Cons

    Lack of diversity in assignments and potential to train cross functionally.


  7. "Valuation Analyst"

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

    Pros

    good culture, strong deal flow

    Cons

    smaller shop, smaller deals, reputation

    Advice to Management

    none

  8. "Stepping Stone"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Valuation in Morristown, NJ
    Former Employee - Valuation in Morristown, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Duff & Phelps full-time (More than 5 years)

    Pros

    Good name to leverage for better opportunities
    When you want to leave you can say you worked at Duff
    People have heard of Duff

    Cons

    Next to no long term growth for junior staff. Management makes no attempt to compensate or retain employees, want you to work hard and then move on.

    Advice to Management

    Nothing really, you're doing well from what it seems


  9. "Internship at Duff &Phelps"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Intern in New York, NY
    Former Intern - Intern in New York, NY
    Approves of CEO

    I worked at Duff & Phelps as an intern (Less than a year)

    Pros

    1. Lovely work environment and good work life balance.

    Cons

    1. It pays lower than the others in the industry

    Advice to Management

    Good


  10. "Intern"

    StarStarStarStarStar
    Former Intern - Anonymous Intern in New York, NY
    Former Intern - Anonymous Intern in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Duff & Phelps as an intern

    Pros

    Middle Market feel - good people.

    Cons

    Difficult to learn over the course of 10 weeks - very unsocial environment.

    Advice to Management

    Not a bad intern program - provide more social events!


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