MCG Capital Reviews | Glassdoor

MCG Capital Reviews

Updated December 20, 2016
8 reviews

Filter

Filter


3.3
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
MCG Capital President & COO B. Hagen Saville
B. Hagen Saville
4 Ratings

Employee Reviews

Sort: Popular Rating Date

  1. "Demonstrator"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Part-Time in Oceanside, NY
    Current Employee - Part-Time in Oceanside, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MCG Capital (Less than a year)

    Pros

    Flexibility, opportunity to meet many people, different walks of life.

    Cons

    The only "con" I can state was at the beginning, and they had me demonstrate at a location too far from my home without any type of transportation reimbursement.

    Advice to Management

    none


  2. "Finance"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Washington, DC
    Former Employee - Anonymous Employee in Washington, DC

    Pros

    See a lot of deals. Challenging structures.

    Cons

    Smaller platform made deals challenging.

    Advice to Management

    Listen to the lower level troops.


  3. "Administrative"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Arlington, VA
    Former Employee - Anonymous Employee in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at MCG Capital full-time (More than 10 years)

    Pros

    Wonderful pay and benefits, including stock

    Cons

    Over years, company exchanged management and spiraled downhill immediately. Serious greed and cronyism starting from top management. Not what you know, but who you know. Not so much concerned with business operations as with personal gain.

    Advice to Management

    Concentrate more on getting in new business and actually running the business to benefit the clients and employees, versus how to set up top brass' personal finances at the company's expense.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Assistant in Arlington, VA
    Former Employee - Executive Assistant in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at MCG Capital (More than 10 years)

    Pros

    The company itself is great

    Cons

    No diversity within the company


  6. "Good at one time"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Arlington, VA
    Former Employee - Anonymous Employee in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at MCG Capital full-time (More than 8 years)

    Pros

    Former CEO was passionate about staff. This used to be a great company to work for..

    Cons

    No transparency in relaying information. Management says one thing then does another. Administrative staff very catty and manipulative.

    Advice to Management

    None. No one left worthy of giving any advice on how to improve what's left of the company.


  7. Helpful (2)

    "Sinking Ship"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Arlington, VA
    Former Employee - Anonymous Employee in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at MCG Capital full-time (More than 5 years)

    Pros

    Use to be many. Now none

    Cons

    Sinking Skip
    *3 rounds of major layoffs in 5 years
    * Closed 2 offices and moved the 3rd because the staff size shrunk so much.
    * 80% reduction in head count
    * Founder and CEO sacked. How'd that work for Apple back in the 90s?
    * Every "Chief" level position turned over in 5 years.
    * Vacation time eliminated as a benefit and turned in to "honor" system. Healthy companies don't do that.
    * Company almost was sold in 2011 to another firm. That surely would have meant more layoffs. When will they try again?
    * Company went cheap on 401k. Used to be major market player Fidelity. Switched to ADP. Huh? I didn't even know they did retirement plans. Not impressive
    * Insider on "improvement committee" said management considered eliminating the retirement fund. This was met with much resistance by VPs but that make sense given that this is a company full of investors so naturally there'd be some pushback
    *2012 was only time in 5 years company had an annual profit
    *Portfolio value shrunk by half since 2007
    * Morale is non-existent

    Regarding layoffs, I understand market conditions change and companies must adapt. I get that, but there are ways to deal with this. One way is honesty, openness, dignity and respect. The other is secretive and disrespectful. Some employees there for DECADES were let go with basically a get out now. Another employee was given an end date only to have management break the promise 4 times. Nobody is entitled to job. What loyal employees are entitled is dignity and respect. Used to be a lot of good people. Now only the sharks remain in the shark tank.

    One note: Site says CEO is Steve Tunney. No longer true as of Oct 2011. His replacement was a short-time and left a year later. Now CEO is Hagen Saville.

    Advice to Management

    treat employees with respect


  8. "Great experience. But probably not a place to spend the rest of your career."

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

    Pros

    Experience. Definitely you will have an opportunity to see and do a lot of very exciting and interesting things. To truly appreciate this, you will have to push for exposure and ask a lot of questions, and take on a lot of responsibility.

    Cons

    Lack of competitive compensation. Lacking strategic direction and tactical execution. Despite experience, little opportunity for advancement. Too centralized.

    Advice to Management

    Develop 5-year plan and share with employees.


  9. "Likes and dislikes"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Paid well, good benefits, like co-workers

    Cons

    too many silos and self-entitled managers