First Marblehead - Buckle in for a wild ride -- great opportunity, but a wild-west atmosphere | Glassdoor
There are newer employer reviews for First Marblehead
There are newer employer reviews for First Marblehead

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Helpful (2)

"Buckle in for a wild ride -- great opportunity, but a wild-west atmosphere"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - VP, Marketing in Boston, MA
Former Employee - VP, Marketing in Boston, MA
Recommends
Approves of CEO

Pros

Learning opportunities. First Marblehead is ahead of the curve in defning an emerging industry. There are tremendous opportunities to explore, experiment and define success. The caliber of colleagues is simply fantastic. People are tremendously smart and fun to work with. There is a very collegial atmosphere and a terrific social community.

Cons

Industry turbulence. Unfortunately the credit markets and regulatory environment have dealt First Marblehead several body-blows recently. There has been extreme turn-over and massive layoffs this year. The return of the former CEO, Dan Myers may provide a shot in the arm and a return to solid growth. Dan is an unpredictable maverick with an "in crowd" and an "out crowd". He'll clean house, but there may be opportunities for new employees to rebuild FM back to its deserved glory. Its a challenging, dynamic environment that does not place a premium on communication from Sr. Management or standard management practices -- work/life balance, benefits, career development etc. Its kind of the Wild West and Dan is the sherriff. Hope he likes you and buckle in for a wild ride.

Advice to Management

With the rare opportunity for a "do-over" I would recommend hiring beyond your circle of "known buddies" and bringing in some outside talent who can help build infrastructure for scalable success. The last time around, FM's stellar growth took it from infancy to "awkward teenage" years without the opportunity to mindfully create a model for success at a larger scale. Place a premium on communication, allow more of your management team to contribute to success and recognize efforts and contributions.

Other Employee Reviews for First Marblehead

  1. "Good work culture and a relaxed environment"

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

    Pros

    Relaxed office environment with friendly people. Engaging work and good team dynamics without it being too stressful.

    Cons

    A bit limiting for promotions. The company has taken a big hit since the recession and there isn't much opportunity for promotion.


  2. "Company changed name and moved"

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    Former Employee - Anonymous Employee in Medford, MA
    Former Employee - Anonymous Employee in Medford, MA

    I worked at First Marblehead (More than 10 years)

    Pros

    Nice people, the Medford location was not bad, near T.

    Cons

    Company changed name to Cognition Financial (Cognition Lending) and moved to Back Bay in Boston. Still near T but parking is horribly expensive for those who drive to work. New space is smaller than former location.

    Advice to Management

    Move back to Medford!

There are newer employer reviews for First Marblehead
There are newer employer reviews for First Marblehead

See Most Recent

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