Duff & Phelps - A great place to start if you're never going to stop | Glassdoor
There are newer employer reviews for Duff & Phelps
There are newer employer reviews for Duff & Phelps

See Most Recent

"A great place to start if you're never going to stop"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee
Doesn't Recommend
No opinion of CEO

Pros

Duff & Phelps provides an outstanding valuation background for anyone looking to enter valuation, IB, hedge funds, ets. It is a great foundation for a big finance career.

Cons

The hours tend to be crazy as everything is deadline driven and managers often have tighter deadlines than clients.

Advice to Management

Recognize that talent and people are your very assets. Analysts who work 50-70 hour weeks deserve more time off.

Other Employee Reviews for Duff & Phelps

  1. Helpful (4)

    "D&P 101 - Know the good, bad, ugly before you sign on and keep your expectations in check."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Disapproves of CEO

    Pros

    Surrounded by very intelligent people with great experiences and backgrounds. Managing directors are highly skilled and know their respective industries in and out. There is opportunity to work on many types of engagements and get exposure to various industries. Everybody works hard, from Managing Directors down to the Analysts. You will find yourself working late with your managers versus other places where a manager might clock out and leave a pile of work to finish. There is a great deal to learn and many experiences are valuable and will increase your technical knowledge, excel modeling, time management skills, and ability to work under pressure. If you work hard and get noticed, you will move up in the organization.

    Cons

    - The workload, experience, and opportunity for advancement will drastically differ based on what group you work in and what managers you are exposed to.
    - There isn't a set staffing method for new projects where people get an opportunity to work with everybody and experience new people. Their is a patronage system where some will gain more exposure than others, and it is difficult to break the cycle. These things are out of the employees hand, and can have an impact on compensation, movement in the organization, and tenure with the company.
    - Expect to spend a minimum of around 50 hrs/week in the office
    - Expect to work many weekends and "OT"
    - Expect to receive disproportionate (could mean less than what you expect, in bad times nothing or preserving your job) compensation for the extra time. It is simply part of the job on the junior levels, (analyst & seniors). The compensation packages for the firm are disproportionately top heavy.
    - VPs are generally overworked in comparison to peer companies.
    - Year end bonuses are highly subjective and unclear. There is no automatic bonus for meeting company profitability goals on an individual basis.
    - There is a flawed feedback system as a whole. On top of that there are some managers that may not inform you of deficiencies to work on, and instead of fostering growth in an individual the manager will move on to a new or established person for help. The lack of 360 reviews keeps this cycle going
    - In an up market, many of the "good" people in the organization leave due to the frustrations and inertia associated with the company. Many of which came about once the firm went public and the shareholders supersede the welfare and happiness of firm's only resource, its people.

    Advice to Management

    Many of the firm's employees problem deals with compensation. The majority of employees at the company are very intelligent, proud people and put in the extra effort for clients and the firm everyday only to be let down later. Let downs lead to top talent exiting the firm, and while it may not be the Managing Directors that depart, it is the potential future Managing Directors - the Directors, VPs, Seniors, Analysts that leave. Though the top leadership may be aware of this and not care, it is short sighted thinking, and will continually hurt the firm in the long run. It is the executive management's job to create a successful, rewarding business model and change it if it is not working properly.


  2. Helpful (1)

    "Highly Inconsistent Bonus Plan"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President
    Current Employee - Vice President
    No opinion of CEO

    Pros

    Work is feast and famine. There is ample opportunity for personal and professional development when project work is scarce. The 'battlefield' nature of project and client work also provides ample opportunity for development of strong peer relationships.

    Cons

    The firm rarely pays out bonus at the % explained during the interview process. Base salaries are on par with market, but bonus numbers lag significantly. The firm also expects tremendous travel and time commitments, often for extended periods.

    Advice to Management

    Compensate on par with 'Big Four' and other boutique firms is you expect employees to work comparable hours and travel extensively.

There are newer employer reviews for Duff & Phelps
There are newer employer reviews for Duff & Phelps

See Most Recent

Work at Duff & Phelps? Share Your Experiences

Duff & Phelps
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or