MJX Asset Management Reviews | Glassdoor

MJX Asset Management Reviews

Updated November 16, 2016
3 reviews

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3.1
Star Star Star Star Star
Recommend to a friend
Approve of CEO
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Hans L. Christensen
2 Ratings

Employee Reviews

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  1. "AMAZING PLACE TO WORK AND LEARN."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in New York, NY
    Former Employee - Credit Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MJX Asset Management full-time (More than 5 years)

    Pros

    The two partners are absolutely brilliant people - both are willing to sit down with any level employee to discuss career plans, incentives, goals and opportunities. That being said, they will not come over to you and hold your hand throughout the process. You need drive and ambition and should plan to approach them yourself if you want to get ahead.

    Great work/life balance - no pointless facetime, no corporate nonsense, comfortable work week hours to maintain a life/family, summer Fridays and a very understanding management team. As long as your work is done and you are prepared for and present in all your meetings, no one really cares what time you leave.

    Over $10B of assets under management and still the same founding partners motivated to further grow the Company and see all their employees succeed. A very loyal group to work with.

    Cons

    The trading floor is quiet as more people are doing research, so if you are expecting a Wolf of Wall Street type of environment look elsewhere.

    Advice to Management

    Provide more feedback to employees that are nervous to reach out and ask on their own - otherwise they'll just go cry about you on glassdoor.


  2. "Career Killer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst
    Former Employee - Credit Analyst
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at MJX Asset Management full-time (More than 5 years)

    Pros

    Easy hours and summer Fridays. Often not enough work to fill up 40 full hours per week. Good place if you lack ambition and want to collect a paycheck.

    Cons

    Management is mercurial and treats people with a lack of respect that wouldn't last an hour at a regular company with a proper HR department. Head PMs are also founding owners so they effectively report to no one. When that is the case the quality of the work atmosphere is entirely dependent on the character of management which is to MJX's detriment as key leaders lack basic respect for others and the environment is driven by narcissism and egotism at the top. Day-to-day operations occur in a world of distorted reality where whatever "truth" that's manufactured by management in their heads is what goes - this applies to how a credit is analyzed and investment decisions are made as well as to pretty much everything else that goes on at the company. This place would be a dream for a psychoanalyst that specializes in studying narcissists with deep insecurities; for a bright young person wanting to begin a solid career - not so much.

    Advice to Management

    Give into the CLO consolidation trend, cash-in your chips and realize that you were beyond lucky to be in the right place at the right time when a 20+ year secular boom in HY took place.


  3. "Credit analyst for CLO manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend

    Pros

    Friendly culture with excellent support for work life balance. Good hours and intangible perks (days off, etc.) Good place to start your career.

    Cons

    Very poor communication, almost zero feedback from management. Nonexistent training program, which is good if you take the initiative to learn questions, teach yourself, and really put yourself in front of your seniors, but can definitely prove detrimental.

    Advice to Management

    Significantly increase communication. Provide annual reviews to employees so they know what they are doing right and wrong. Provide minimal guidance on how to improve oneself and advance his or her career.