CoStar Group - Pay not high enough for the demands placed on employees | Glassdoor
There are newer employer reviews for CoStar Group
There are newer employer reviews for CoStar Group

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Helpful (2)

"Pay not high enough for the demands placed on employees"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Field Researcher
Current Employee - Field Researcher
Doesn't Recommend
Positive Outlook
No opinion of CEO

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

Pros

-Fun paid training in Washington D.C.
-Not stuck behind a desk

Cons

-Management only cares about "getting the shot," regardless of any difficulties you might encounter while on location; i.e. angry property owners, personal safety issues (I once had someone try multiple entry points to break onto my vehicle with me in it).
-You're alone all day every day; that might be a pro to some people, but it wears on me.
-Pay is not really very high for the amount of work done and what is expected of you.
-Commission schedule does not take into account the region of individual researchers; not everyone works/lives in densely populated areas.

Advice to Management

Be more open to constructive criticism and advice for change.

Other Employee Reviews for CoStar Group

  1. Helpful (2)

    "If you are a business major, seriously, start applying elsewhere..."

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    You get the Costar brand name
    You get to see the different roles in Real Estate, meaning, you interact with property managers, brokers, appraisers, and have the opportunity to attend meetings to see Investors talk about the current market
    Insurance is amazing-talk about dental, vision, health---you get a nice allowance or low copay
    You get to meet many recent graduates
    You get free snacks, fruits, oatmeal, and juice/milk
    Tickets to Verizon events at their corporate box and a nice metro subsidy every month
    It's a nice paycheck to keep you working and occupied out of college, but that's it

    Cons

    Management is young and has no idea of what's going on
    There is such a large gap between upper management and the working body, therefore, you'll almost never get promoted past Manager.
    They just recently promoted some Managers to Director after working there for maybe, I don't know, 7-10 years.
    High turnover rate
    YOU do the SAME thing after a while-researching deeds, calling same contacts, updating portfolio
    Not really a business job-it's more cold-calling and convincing people to give you information over the phone
    If you are looking for analytical work, if you are looking to get promoted quickly within the company, if you are looking for opportunities to advance your career, look elsewhere.
    If you need an immediate job, just apply, but still, apply elsewhere.

    Advice to Management

    I don't even know where to start, because you guys don't even know how to help me


  2. Helpful (2)

    "Excellent entry-level opportunities"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Associate in Washington, DC
    Current Employee - Research Associate in Washington, DC
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at CoStar Group full-time (Less than a year)

    Pros

    Managers are very accessible and there are many opportunities to move up. Commercial real estate has very few structured training programs and CoStar offers a month of classroom training and a structured program. Hard working people are recognized by their managers and given as much responsibility as they demonstrate they can handle. However, it is not frowned upon to work solely from 9-5 and there is the option to maintain a great work/life balance.

    Cons

    Historically, this firm did not recruit from top universities, as a result there are extensive metrics in place to measure productivity. Instead of having the confidence that employees will complete work to the best of their ability and on time, there is a metric for EVERYTHING. This quickly becomes tiresome. Many employees demonstrate ambition, but often this is not embraced by the company. The pay is also not on par with what is required to maintain a high standard of living in close proximity to the office.

    Advice to Management

    When you have so many young minds, you must engage them. Solicit feedback and provide more feedback. Embrace the energy of your entry-level employees rather than viewing them as a "necessary evil" that must be monitored with metrics. Have developmental seminars so employees can capitalize on the opportunities the firm offers.


There are newer employer reviews for CoStar Group
There are newer employer reviews for CoStar Group

See Most Recent

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