Essex Lake Reviews | Glassdoor

Essex Lake Reviews

Updated September 21, 2017
38 reviews

Filter

Filter

Full-timePart-time

2.8
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Peter A. Cummings
18 Ratings

38 Employee Reviews

Sort: PopularRatingDate

  1. "Good platform"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at Essex Lake full-time

    Pros

    oversea work experience.
    good platform.
    smart colleagues.

    Cons

    bonus is lower than industry average


  2. "Good startup culture firm"

    StarStarStarStarStar
    Former Employee - PES in New York, NY
    Former Employee - PES in New York, NY

    I worked at Essex Lake full-time (More than 3 years)

    Pros

    Essex work with top tier clients globally, the experience can be a door buzzer on your resume.
    Team culture is great. The china office operates more like a school with young open minded fresh graduates.
    The total compensation is above average counting the corporate housing and food accommodation.

    Cons

    The work can be tedious for some projects and very demanding in terms of time.

    Advice to Management

    Maybe convert the firm into company operations instead of startup operations.

  3. Helpful (7)

    "Times change, but policies don't"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Essex Lake full-time

    Pros

    - There are still some good coworkers to be around and to learn from
    - You're able to gain some experience
    - The office is quieter, making it eerily relaxing
    - Paychecks are still coming

    Cons

    - Number 1 problem that has existed since I started (which is sadly much too long ago) is the complacency to the toxic work culture here. They expect too much of their employees and when you push back or complain, you're the problem. "This is our culture."/"This is consulting." Nobody is able to think for themselves and actually be critical of the treatment of PEOPLE. There is 0 regard for the wellbeing and happiness of the employees, it is simply that. Our clients, the few we even have, are treated as holier than thou. The sad part is even our clients wouldn't work like this, nor expect anyone too. We just can't manage anything to ensure we don't work like animals.
    - Poor project management (see above/below)
    - The handling of layoffs was done incredibly poorly; pretty much as bad as you can get. People working incredibly hard for the company, putting in long hours and working weekends were not given the respect they deserved in the handling of this.
    - Few projects in the pipeline aka little growth/learning potential
    - Decisions have been made to save money at the expense of employee safety, not in terms of the work environment, but the location of it (I.e. office locations)

    Advice to Management

    We need a entirely new upper management team. From the top down at least a few levels. From there, we can sort through the issues we have and either correct management problems or new find managers.


  4. Helpful (7)

    "Junior Engagement Manager"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend

    I worked at Essex Lake full-time (More than 3 years)

    Pros

    Used to make profit enhancement staff travel a lot giving good exposure.

    Cons

    Incompetent Senior Management with weird ideas of how to run an organization. CEO loves people who are idiots enough to treat him like some demi god. Ofcourse all good people end up leaving the firm leaving idiots to run the show screwing up everyones life right till the junior most guy.

    Advice to Management

    Beta Tumse na ho paega, tum jaake cinema dekho :)


  5. "Its a start up...."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Engagement Manager in New York, NY
    Former Employee - Engagement Manager in New York, NY
    Doesn't Recommend
    Positive Outlook

    I worked at Essex Lake full-time (More than 3 years)

    Pros

    Lot of hands on work - you can build you skill set very well.
    Intensive problem solving in some projects.
    Solid cost reduction practice and the best practice head in industry

    Cons

    Senior layer is retired from big corporates so are mostly checked out (with an exception of few leaders)
    Employee development is not part of the plan.
    Projects are mostly in areas - Cost reduction which have very little value within corporates.
    Exit options are primarily your own start-up.
    Leaders that have been grown in house have very little industry knowledge.

    Advice to Management

    Get some good people in the company so that its a little less political.


  6. "New company has some real potential to be a good consulting/profit enhancement firm."

    StarStarStarStarStar
    • Work/Life Balance
    • 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

    Pros

    Some interesting project work
    Top tier clients, particularly in financial services
    Lots of responsibility for junior members, since very few managers in company
    Interesting combination of business leaders, consultants, and analytical staff members

    Cons

    Comp is not so great
    Unclear bonuses and allocation
    Unclear if team will ever share in Profit Enhancement payoffs that company receives
    Needs some middle management to help guide the junior team members
    Long hours sometimes

    Advice to Management

    Need to beef up training, coaching programs. Will we ever share in revenue gains?


  7. "Profit Enhancement Resident II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Profit Enhancement Resident in Shanghai, Shanghai (China)
    Current Employee - Profit Enhancement Resident in Shanghai, Shanghai (China)
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Essex Lake full-time (More than a year)

    Pros

    - Highly competent seniors and harmonious office atmosphere
    - Opportunities to work on site for different banks around the world
    - Sufficient training to new hires, especially for campus enrollment. Good choice as the first job
    - Highly flexible in terms of working time
    - Data oriented supported by management consulting methodology

    Cons

    - Full of opportunities for experienced people who prefer international experience, but for juniors it depends on whether there are enough billable engagements
    - Large banks tend to have large internal analytics team nowadays and hence most opportunities now tend to be away from core business and more digital technology oriented, i.e., previously the stakeholder might be the head of retail bank and now they could be the head of IT department

  8. Helpful (6)

    "Don't even think about it. Seriously."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Essex Lake full-time (More than a year)

    Pros

    - If you don't want to work or grow as a professional, you could get around by doing very little but still not getting fired from most teams
    - Competitive pay that used to have other perks attached but with the serious dirth of billable projects now along with the CEO's utter disregard for employee satisfaction, you won't be getting much else now
    - if you really want to get a foreign trip out of it you'd probably be able to (but be careful what you wish for)
    - I got nothing more

    Cons

    I could write a book but let's stick to the basics:
    1. Serious serious lack of projects and very little opportunity to diversify or learn
    2. Don't fall for the big talk. They only do operational stuff for financial firms. Like data cleaning and management. Even long time clients are yet to trust them with actual analytics and consulting stuff
    3. They say they're data driven in their approach. It's hard not to be when all you do is clean data. There is no real or major analysis happening here.
    4. In terms of work culture...well...there isn't any. Seriously, it doesn't exist. It's probably one of the most earth shatteringly depressing places you'd work in. You'd work with people for months and yet barely have them acknowledge your existence. And if you're a woman, get ready to having the empty chair next to you adressed more often than yourself.
    5. You'll never receive any feedback of any kind. Which means you can slog for months and receive no real appreciation for it. On the up side you could totally slack off and trust the awkwardness of the managers not to bring it up directly and after all of their awkward tricks fail they'll just dump your work on someone else and wait a whole year before perhaps writing a bad appraisal for you. If you have any regard for yourself, by that time you'd have left.
    6. No incentive structures in place. Forget about annual bonuses. They don't have any. In fact the last year has seen a slow dismantling of all the perks that earlier made working here somewhat attractive at least on the outside. No per diem allowance either when you go abroad.
    - I can't stress this enough but if you enjoy using your brains even a little bit, this job will make you want to scream into a pillow on a daily basis and question every life decision that led you to this job.

    Advice to Management

    - Start doing that thing called "Managing". Throw less fancy terms around and get some real knowledge.
    - A little regard for your employees may improve your turnover rate of 5 employees leaving every month in a firm of 200 odd people
    - To the very few decent people still trying to hold up the fort, what are you still doing here ?


  9. Helpful (2)

    "small developing company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Lake full-time

    Pros

    -Good relationship between colleagues. People are enthusiastic and willing to help and assist
    -Variety kinds of office events to keep employees a good balance between work and entertainment
    -Opportunities to travel abroad, experiences for working overseas and learn different cultures

    Cons

    -Motivation system is not as good as other foreign investment companies, no bonus and other awards apart from the base salary
    -Not too many on-going projects


  10. "Enthusiastic team, lot of exposure in terms of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Essex Lake full-time

    Pros

    Steep learning curve. Get to learn a lot in a very short span  Vibrant group of people. Most of the employees are young and talented, hire in a lot of fresh blood from IITs and tier 1 colleges  High end international clients which is a positive thing for a fresher to gain experience and have a good career

    Cons

    No fixed working hours. Which means you might have to go through 12+ hours a day Highly cut-throat (May be a Pro, depends on how you see it)

    Advice to Management

     Try and get more projects which are tech intensive so that quality of work improve.


Showing 38 of 40 reviews
Reset Filters