Orion Consultants Reviews | Glassdoor

Orion Consultants Reviews

Updated July 27, 2017
13 reviews

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2.3
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Robert J Osterhus
8 Ratings

13 Employee Reviews

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  1. Helpful (2)

    "Largely Great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    No opinion of CEO

    Pros

    In an administrative role the job was extremely flexible and paid very well, considering the nature of the work. The rest of the staff was great until...

    Cons

    ...the company really started to go downhill. Some questionable decisions were made that lead to a real decrease in morale and some payroll issues.

    Advice to Management

    It's a boom and bust sort of business model, but maybe plan better for the lean periods.


  2. "Didn't get paid"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    New, shiny office with central location.

    Cons

    Wages were not paid before company's dissolution.

  3. "Intelligent coworkers, progressive environment, hard work valued"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Orion is a great place to learn about the fixed income and FX markets. If you're a more qualitatively-oriented person (strong writing and communicating) that is interested in finance, this is a really good place to start. Your coworkers are nice people who all have graduated from the top schools across the nation and the world, and the environment (especially at the beginning) is really open to your learning. Resources to help you along the way are endless--mentors, books, etc. And alumni generally go on to go to the top business schools (e.g. Columbia, Wharton, etc.)

    Even further, the Management Team has made great strides to be open and progressive. They are open to criticism, encourage personal initiative, and reward hard work. Further, they don't micromanage; they generally give you the space to get your work done on your own terms and only intervene when they need to.

    As mentioned previously, the hours are great (9am-6 pm, which is a luxury in both finance and management consulting), the work can be interesting (communicating with top executives, writing reports for senior management at leading investment banks, etc.), and the work environment is friendly. Also, your time is yours. While the work hours are pretty stable from day to day, what you do with them is pretty much up to you. It's not like in investment banking, where you're waiting a lot of the time for assignments. You make your own schedule every day and decide how much you're going to get done (which hopefully corresponds with your deadlines and expected outputs). You'll stay later when you need to meet deadlines, etc.

    Really, Orion is a place that gives what you put into it. The harder you work, the more you'll get in terms of advancement and recognition.

    Cons

    That said, Orion is not a place to come if you're looking for an extroverted work environment, an active after work lifestyle, or endless benefits. Orion values hard work, and they ascribe to an older, perhaps more humble Wall Street mindset. Frugality is generally encouraged, and while you get a good paycheck, the company has been recovering (relatively successfully) from a recent recession (which hit the fixed income market pretty hard). There's a lot to do every day, and the work place is a generally quiet one (as people are pretty busy). There's not a lot of organized meetings; rather, you make your own meetings (informal or formal) and ask questions to the appropriate people. This can be a be somewhat jarring for people who don't work well in this environment.

    So, while you get what you put in, the environment is not for everyone, especially not for those who aren't self-motivated. Orion prizes self-motivated people who can communicate well, and as such, you've got to be able to take your own initiative. Orion will not spoonfeed you to greatness. What they give you are the tools to make that happen and deadlines to meet. Further, the work is somewhat repetitive, which can be both a good and a bad thing (generally fixed formats, which make it easier to adjust to what's expected eventually). To succeed though, you need to be able to go above and beyond the call of duty. The good thing is that Orion gives you the space to do that. The bad thing is that people don't often understand that coming in.

    Advice to Management

    It might be worthwhile to explore creating a more solid sense of togetherness. The workplace can feel a bit lonely at times, and encouraging people's growth beyond the immediate needs of the work (e.g. self-awareness, managerial capabilities, team building, etc.) could be helpful. The company is small, and imbuing people's work with a higher sense of worth could help with productivity and generally feelings of self-worth.


  4. Helpful (1)

    "Excellent small business experience and exposure to financial industry"

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

    Pros

    Orion is a well-established company with an impressive track record that is still small enough that even newer employees can have a significant impact. One can learn a great deal about Wall Street, in particular the players and investment vehicles that drive the fixed income markets, while honing a number of transferable skills including interviewing, writing, and qualitative analysis.

    The individuals at Orion are highly motivated, super intelligent, friendly, engaging, interesting, and supportive. In short, I can’t imagine finding better co-workers.

    One can stay at the firm and progress to take on new challenges or use the experience at Orion as a foundation for grad school or other career paths. While I have been here, many have gone on to attend top business schools or other elite programs.

    Cons

    The work environment is best suited to individuals who are self-motivated and can thrive with a less formalized work structure. Mentors are assigned to new employees and expectations and deadlines are set, but it is up to each person to be proactive about asking questions, seeking support if needed, and staying on track with his/her work load. Also, the financial markets are notoriously cyclical, and Orion must navigate these waves.

    Advice to Management

    Be more specific about what each individual employee needs to accomplish to reach the next level in his/her development at Orion. Maintain contact and actively solicit input and ideas from even the newest employees.


  5. Helpful (6)

    "Horrible"

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

    Pros

    smart coworkers who all went to top-tier schools. good work-life balance.

    Cons

    horrible management and extremely dull work


  6. Helpful (6)

    "Absolute joke. DO NOT APPLY"

    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
    Negative Outlook
    Disapproves of CEO

    I worked at Orion Consultants full-time (Less than a year)

    Pros

    Few and far in between. There used to be great people before everyone quit.

    Cons

    Company hired 13 new associates last July and furloughed THE ENTIRE COMPANY in November after missing two paychecks. Massive pay and benefit cuts and put every employee on unpaid leave without any indication of when and if they would ever be called back. Would be incredibly surprised if the company made it through the year without filing for bankruptcy. Even at the best of times though, the work was incredibly dull and offered little opportunity to actually learn about finance. Most of the day is spent cold calling and writing reports that basically reworded scripted interviews. Highly encourage potential applicants to look elsewhere, both due to the incredible uncertainty of the job/company and the terribly pointless nature of the work.

    Advice to Management

    Don't hire people you can't afford only to lay them all off four months later. Please show some kind of accountability for your actions as well as respect for your employees.


  7. Helpful (5)

    "Great people. Aging business model."

    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 Orion Consultants full-time

    Pros

    A lot of great and very smart people work at Orion. So, you will be surrounded by the best.

    Associates have an excellent opportunity to quickly engage in and learn about finance and fixed income in a hands-on, small-team setting. You also have a unique chance to directly interact with buy-side and sell-side professionals at the top of their game.

    Be a part of a niche-market product and work closely with a team of young professionals.

    Cons

    Inflexible leadership at the very top. The ownership has little interest in cultivating an atmosphere that solicits advice or encourages oversight review. The management team deck is stacked top to bottom with some of the smartest and most talented people around. Yet, these professionals are unable to offer an informed opinion loudly enough for ownership to take notice and second-guess his perceived infallibility. As a unit the owner has rendered management powerless as those opposed to his decisions risk a permanent fall out of favor. Furthermore, information shared by ownership is typically too limited or untimely so fails to merit full consideration or action.

    The owner's business guidance is firmly directed by a "80's Wall Street" model of largess and gut-felt, personality-driven deals and is less reliant upon analysis, strategic planning, and math. Waste is relentless and so many questionable investments remain with unfulfilled returns that the company has become vulnerable during lean times. Hence, the Orion business model doesn't appear to be adept enough to respond to the changing world of finance, consultancy, and business management. While Orion already has the team and talent in place to react and adapt, the owner offers very limited venues to review, correct, and improve core concerns regarding sustainability.

    Advice to Management

    Stand up for the future of the business. While doing so may make your position seem untenable, failure to do so will ultimately leave the whole business as such. Big raises can only go so far to gloss over worries about future business viability and stresses brought about by that uncertainty.

    Orion Consultants Response

    Apr 16, 2014 – Managing Director, HR

    Since 1974, Orion has been responding to fluctuations in the financial industry, expanding and contracting services and scope as client needs evolve. The year 2013 was a challenging one for the... More

  8. Helpful (3)

    "Great people, but dull work and grave mismanagement"

    StarStarStarStarStar
    Former Employee - Associate Consultant in New York, NY
    Former Employee - Associate Consultant in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Orion Consultants full-time (Less than a year)

    Pros

    Very smart, funny, likeable young people to work alongside. Before pay and benefit cuts, salary and benefits were fantastic given the hours.

    Cons

    Gross mismanagement - steep pay and benefit cuts only 2 months after many new people (of which I was one) were hired. Then, two months later, nearly the entire firm was furloughed indefinitely without pay (i.e. 'temporarily' laid off). Showed blatant disregard both for the current employees and for the newly hired Associates.

    In terms of the work itself, you do get to learn a bit about fixed income, but the reports that you have to write become very dull and monotonous. Worse yet, a good chunk of every day is spent COLD CALLING, which was not advertised during the application and interview process. Basically glorified telemarketing.

    I would strongly advise against applying here, both for the instability of the company itself, as well as the boring and (in my opinion) terrible cold calling aspects of the job.

    Orion Consultants Response

    Apr 16, 2014 – Managing Director, HR

    Since 1974, Orion has been responding to fluctuations in the financial industry, expanding and contracting services and scope as client needs evolve. The year 2013 was a challenging one for the... More


  9. Helpful (5)

    "Terrible--New graduates please do not apply here"

    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 Orion Consultants full-time

    Pros

    The employees--everyone is young, intelligent, and fun. Everyone is from an elite school so you are surrounded by bright individuals. The senior management team is great, very personable.

    Cons

    The company experienced revenue shortfalls 5 months after hiring new associates. The CEO refuses to share important information with senior management, leaving them in the dark and unable to make changes that might allow the company to stay afloat. Current students would be better off crossing this firm off their lists.

    Advice to Management

    Change according to the times

    Orion Consultants Response

    Apr 16, 2014 – Managing Director, HR

    Since 1974, Orion has been responding to fluctuations in the financial industry, expanding and contracting services and scope as client needs evolve. The year 2013 was a challenging one for the... More


  10. Helpful (2)

    "Orion is a great place to learn about fixed income and the work/life balance is just about the best imaginable."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in New York, NY
    Current Employee - Associate Consultant in New York, NY
    Recommends
    Approves of CEO

    Pros

    Great work/-ife balance, social/young office. People are so flexible in terms of requesting time off or having to step out or come in late in order to run an errand or something. I worked with the person who posted the 2 recent reviews and I'll admit his case was pretty weird, but he's casting management in a terrible light. Orion is a great place to work, and management is very generous both in terms of actual benefits (pay/vacation/etc) and other benefits like bringing in food or setting up happy hours and things like that.

    Cons

    The work is a bit repetitive sometimes, but there's always a fresh way to look at something and learn from it.

    Advice to Management

    Management is doing a great job. Sometimes I think it would be nice to have a bit more transparency of what they're doing before they make decisions, but they're always great about keeping people up to date on what they actually are doing/deciding.


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