NewOak Capital Reviews | Glassdoor

NewOak Capital Reviews

Updated October 23, 2017
19 reviews

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2.4
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Ron DVari
14 Ratings

19 Employee Reviews

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  1. "Intern"

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

    Pros

    Great corporate culture, company-wide sports teams, cool projects, co-workers are smart, helpful, and care about the company.

    Cons

    Not having access to certain technologies that other full-time employees have.
    The work/projects you do can sometimes feel insignificant.


  2. Helpful (6)

    "Worst company EVER"

    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
    No opinion of CEO

    I have been working at NewOak Capital full-time (More than a year)

    Pros

    They had a 'company' based in Manhattan

    Cons

    Way too many directors directing themselves
    Way too many managers managing themselves
    No direction within this company
    WAY too many layoffs without giving employee written warnings
    Too many unqualified managers and directors
    No qualified tools to effectively do one's job
    Besides NYC location, other locations in the middle of absolutely nowhere

    Advice to Management

    You're very ineffective and how you got this job is anyone's guess. You are unqualified.

  3. Helpful (3)

    "Capital Markets Analyst"

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

    I have been working at NewOak Capital full-time

    Pros

    Lots of experience to gain, friendly environment, made up of a few groups, diverse, friendly upper management, growing firm, just moved to a brand new office, many outside of work events and happy hour on fridays

    Cons

    pay could be better but it is a smaller shop so its expected,

    low reviews probably coming from contract workers (made up a chunk of the credit service team as I was here), ignore


  4. Helpful (2)

    "Squandering Potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - QA (Temp) in New York, NY
    Former Employee - QA (Temp) in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at NewOak Capital (Less than a year)

    Pros

    - Management and workers sit together.
    - Free snacks.
    - On-going training.

    Cons

    - New QAs are only hired as contract employees who will never receive an offer of permanent employment, despite the promises that are made.
    - No benefits like health insurance, bonus, paid vacation, etc.
    - Terrible pay scale.
    - Incompetent employees are tolerated if they are friends with a Director.

    Advice to Management

    - There are so many overlapping levels of management, yet only a small number of workers to be managed. This creates turf battles and confusion.
    - Stop playing favorites; it sends the message that incompetence will be tolerated if you're buddies with a Director. And it is.
    - Pay the QAs for the work they actually do, not based on the salaries of temporary doc review attorneys. That's a different skill set.
    - Get rid of the texting software--it creates a very negative and unprofessional work environment.


  5. Helpful (3)

    "Toxic environment"

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

    I worked at NewOak Capital (Less than a year)

    Pros

    Very little Pros the only one i can say worked with a very bright and Hard working TEAM

    Cons

    Where shall I begin here is a list of CONS :

    1. There is absolutely no Training at all which would empower their employee's and make them a stronger company their solution is to watch VIDEO'S which is totally ridiculous and basically they are creating an environment for failure.

    2. Their Senior Management needs to take a course on Management Basics 101 and stop instilling fear into their employee's and creating a Toxic environment

    3. They have Daily Standups discussing the same topics over and over again no one is listening and it is not proactive

    Advice to Management

    Provide your employees with training this will help empower them


  6. Helpful (1)

    "Great Firm, Great People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Recommends
    Positive Outlook

    I have been working at NewOak Capital full-time (More than 5 years)

    Pros

    - Smart, hard-working team that cares about one another
    - Competitive compensation (base, bonus, 401(k) and benefits)
    - Good management and employee culture (managers sit out on the floor with their teams; overall the culture is very flat, and every team member is valued and respected)
    - Opportunities for growth

    Cons

    - There can be long hours, depending on the role and specific project timeline


  7. Helpful (2)

    "A Great Place to Work"

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

    Pros

    - Becoming tremendously more structured.
    - Trying very hard for communication and cohesiveness among the offices.
    - Caring executive committee
    - Fair compensation
    - Nice small company perks: summer kickball, quarterly get-togethers, snacks and drinks.
    - Ability to grow if motivated to do-so.

    Cons

    - Still too much "face time" required.
    - Long hours.

    Advice to Management

    Keep working on the satellite office communication, keep rotating individuals through the different offices.

  8. Helpful (3)

    "Rats are jumping Ship"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - QC Quality Control in Dallas, TX
    Former Employee - QC Quality Control in Dallas, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    There are no Pros for this company.

    Cons

    Heard the Managing Director in Dallas is now leaving. Several high quality employees and contractors are leaving or have left. There new business model will not work

    Advice to Management

    None


  9. Helpful (2)

    "Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I worked at NewOak Capital (Less than a year)

    Pros

    Great location (Midtown East - on Lexington Ave). CEO & President are great people. Work with all the major law firms and major banks.

    Cons

    Managing Directors in the Credit Risk/Litigation department can be difficult to work with. Credit Risk department only hires applicants as contract employees. The position will not become permanent (as a contractor you go through a recruiting company, thus you do not receive any benefits, health insurance, bonus, paid vacation, etc from NewOak.

    Advice to Management

    Culture needs to change especially within mid-management. Need to implement structure and advancement for ALL employees. Contract employees should not be treated second rate.

    C-Level needs to supervise certain MDs more effectively


  10. Helpful (3)

    "Uncertain Future"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    Negative Outlook

    Pros

    I liked the parking situation. I was able to work downtown. The company provided snacks and drinks.

    Cons

    Communication between the NYC office and the Dallas satellite office was not great. The company is staffed with many young analyst managers that just don't have the experience. The make capricious, autocratic decisions that contributes to a very haphazard work environment.

    Advice to Management

    This firm wants to be many things and has its fingers in many pies although the bulk of their revenue comes from litigation support projects in RMBS litigation involving subprime mortgages. This business will be drawing to a close in the near future.


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