Duff & Phelps Reviews

Updated May 22, 2020

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3.3
64%
Recommend to a Friend
76%
Approve of CEO
Duff & Phelps Chairman, President, and CEO Noah Gottdiener
Noah Gottdiener
206 Ratings
Pros
  • "Work-life balance - able to largely influence your work schedule compare to other TAS groups(in 36 reviews)

  • "Great team of valuation analysts(in 26 reviews)

Cons
More Pros and Cons
  1. "TAS Senior"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Transaction Advisory Services Senior in Dallas, TX
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Duff & Phelps full-time for less than a year

    Pros

    -Strong growth -Mid-sized deals lead to more opportunities for analysts and seniors to take on manager responsibilities -Work-life balance - able to largely influence your work schedule compare to other TAS groups -Competitive compensation

    Cons

    -Our HR department isn't the greatest. Dealing with our HR team during interviews was very slow and time-consuming.

    Continue reading
    Duff & Phelps2020-02-27
  2. "Real Estate Advisory Group aka Appraisal Firm"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Associate (Real Estate) in Seattle, WA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Duff & Phelps full-time for more than 3 years

    Pros

    Great corporate benefits, good salary

    Cons

    The Real Estate Advisory Group (REAG) is essentially an appraisal firm that works with a wide variety of property owners (REITs, PE Firms, Developers, etc). So, if you aspire to be a commercial appraiser, this is a great place to be. However, if you want to get into PE or Development, I think you might have a hard time switching after 2 years at DP. Yes the pay is decent and I think people are worth what they get paid to DP, but the skills you gain as an appraisal analyst aren't quite at the level a PE firm will want if they want to hire someone with 2-years of acquisitions and/or asset management experience. You'll most likely have to take a cut in pay to leave if you leave after getting promoted to Senior. You will do two things at the DP REAG, Appraisals and Purchase Price Allocations(ASC 805/PPA) which is essentially an appraisal for a RE transaction. There is very little/no "consulting" that goes on (1 project in over 3 years). At the Analyst and Senior Associate level, you are expected to put in crazy hours sometimes to get projects done on time (work until midnight or later for a handful of weeks and weekends a year and until 7PM most of the other time. There are a few weeks that are a bit slower). Although there are a few managers who help with the grunt work when things get busy, most sit back and act like they are above the grunt work and are essentially just there to sign reports and review analysis. Bonuses are very low for the amount of extra work people put in. Some analysts after working almost a full year will get $1,200, while others might get $5,000 (on a good year you may get $10k)... this all depends on how much is in the bonus pool (how profitable the REAG was at the end of the year). Bonuses are paid March 1st-ish every year. This past year, management said if you billed a certain number of hours to a client in November/December, that you would get a better bonus. Bonuses came around and they were way worse than they ever have been all across the board. The billable hour's system is broken here. They demand you bill at least 40 hours a week to a client, but at the same time the budgets for the projects are so small you can never do it under budget, and they ask you to back off hours from projects if you go over budget on them, which reduces your utilization (billed hours/40 hours). I can't count how many events/dinners/activities I had to cancel with family and friends due to last-minute revisions/updates to appraisals. There are some great people at DP and I am grateful for the experiences I gained, but ultimately, I wasn't happy there. There is so much turnover there and for good reason--people get burnt out and realize quickly that this is not the career path they want. Like I said earlier though, if you love doing appraisal work, this is a dream job!

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    Duff & Phelps2020-04-20
  3. "Challenging, awesome experience"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President - Technology 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Duff & Phelps full-time for more than 3 years

    Pros

    Work with: industry experts modern tools and practices flexible - work at home, adjustable hours excellent benefits

    Cons

    The job is demanding and revenue-driven, but for ambitious people, it's not an issue. Nine-to-fiver's aren't going to appreciate it as much.

    Duff & Phelps2020-04-01
  4. "Great Company"

    4.0
    Former Employee - Valuation Analyst 

    I worked at Duff & Phelps full-time

    Pros

    Great culture and team in Houston.

    Cons

    Comp structure could be better

    Duff & Phelps2020-03-15
  5. "Good firm"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Director 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Duff & Phelps full-time for more than a year

    Pros

    Flexible... collegial... professional... broad and multidisciplinary...

    Cons

    Administrative support is weak...

    Duff & Phelps2020-03-08
  6. Helpful (3)

    "Management lines their pockets as employees get pennies on the dollar"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Vice President 
    Neutral Outlook
    No opinion of CEO

    I worked at Duff & Phelps

    Pros

    -D&P tends to attract a good client base so projects and client work are good resume builders -Work with bright individuals

    Cons

    -Work Life Balance can vary from group to group. Some groups consistently leave at 5 while others stay late into the night -An unclear compensation structure. How people are compensated both in salary and bonus is formulated in a black box, where it seems year after year management finds new ways to restrict what’s paid back to employees -An hourly billable system is used for fixed fee projects and business units. This doesn’t make sense. Time is wasted on truing up time entered in the system and reconciling back to the flat fees we invoice clients. -No system is currently in place which weighs different business units with consideration to what they typically receive on a per job basis. Different business units can work equally hard for a $20,000 job versus a $10,000 job, yet no consideration is given to the amount of effort put forth to achieve the revenue, even if the hours spent are the same. Different business units can only charge what the market allows, yet management cares only to the fee invoiced at the end of the day. -Utilization is used as a measuring stick for compensation. Often times, utilization does not translate to actual work put in or efforts to get job done. Quality or timeliness of completed jobs isn’t always included in a utilization number. High utilization as compared to others is often the result of higher fees, which in turn enables employees to look as though they’ve worked harder when it’s far from reality. If you work for a managing director who attracts certain clients who will pay less for similar jobs, the staff and VPs are punished as their billable time looks poor as compared to other offices. In turn, this just means staff and VPs have to work twice as hard as other offices in order to achieve the same amount of revenue. What’s realistic for one office in terms of revenue might not be for others in the same service line, yet no consideration is given to that. -Unrealistic service line budgets are established, which only means bonus pools get cut year. Have we ever stopped to understand why budgets are missed year after year? I believe this to be a result of unrealistic expectations which provide management with an excuse to cut bonuses. Just because the service line had their best year in 2015, doesn’t necessarily mean 5% compounded service line revenue growth actually makes sense.

    Continue reading
    Duff & Phelps2020-02-28
  7. "Poor work/life balance"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Duff & Phelps full-time for more than a year

    Pros

    Recognized, good benefits, positive if you are a numbers person

    Cons

    Typical consulting firm where dollars are more important than the individual. Be prepared to kiss your personal time goodbye.

    Duff & Phelps2020-01-17
  8. "Flexibility"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Executive Assistant in Southfield, MI
    Recommends
    Positive Outlook

    I worked at Duff & Phelps full-time for more than 8 years

    Pros

    Good benefits and great boss!

    Cons

    No cons at this time

    Duff & Phelps2019-12-28
  9. "Senior Associate"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Associate 
    Neutral Outlook
    No opinion of CEO

    I have been working at Duff & Phelps full-time for more than 3 years

    Pros

    - Work with well known clients - Occasional travel

    Cons

    - High turnover - new staff realize quickly the pay does not support the hours. Turnover in recent years is significantly higher than comparable consulting firms. - Very low bonuses relative to industry. - Unclear compensation process - individuals with higher utilization often receive comparable pay and bonus to lower performers.

    Duff & Phelps2020-01-02
  10. "Mostly good, depends on business line"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President, Legal Management Consulting in Minneapolis, MN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Duff & Phelps full-time for more than 3 years

    Pros

    Extremely competitive benefits package at all levels; high opportunity for advancement; lots of opportunity to learn the current/emerging software leaders in different spaces.

    Cons

    Back office support teams are as disorganized as any other corporation; colleagues will "borrow" your teams to boost their own profitability metrics without any internal compensation/normalization scheme

    Duff & Phelps2019-12-09
Found 421 reviews