Oz Management Reviews | Glassdoor

Oz Management Reviews

Updated September 22, 2017
49 reviews

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3.0
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Oz Management Chairman, CEO, and Chief Investment Officer Daniel Och
Daniel Och
24 Ratings

49 Employee Reviews

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Pros
  • Free breakfast and lunch if you think that your 1 hour work only worths that much (in 13 reviews)

  • Free breakfast food available at the pantry and free lunch orders on Seamless up to (in 11 reviews)

Cons
  • Very long hours on a daily basis (in 8 reviews)

  • Define clear path for career growth (in 5 reviews)

More Pros and Cons

  1. Featured Review

    "Good place to start your career"

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

    I worked at Oz Management full-time (More than 3 years)

    Pros

    Atmosphere that encourages learning and critical thinking
    Jeans Friday, happy hours
    Competitive benefits

    Cons

    Some processes are manual
    At times, environment can be stressful

    Advice to Management

    Keep up with recent changes geared towards employee engagement


  2. "Smart and friendly 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
    Approves of CEO

    I have been working at Oz Management full-time (More than 10 years)

    Pros

    I've been working at Oz for several years. Management is really focused on moving the company forward. Lots of positive changes lately, social happy hours and year round casual Fridays recently instituted.

    Cons

    Some times things take a while to act on, but it's usually in the interest of more robust cost / benefit. Had some contracting in the last few years, but trend has now reversed and you can feel it in the air more and more every week.

    Advice to Management

    Keep focused on in investing in talent (front office, back office and corporate), as well as in systems. Also, keep pushing on the internal social networking opportunities...they're a nice break from the grind and allow us to find no ways to partner with others in the organization.

  3. Helpful (1)

    "Good People, Good Product, Good Organization"

    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
    Approves of CEO

    I have been working at Oz Management full-time (Less than a year)

    Pros

    Extremely smart, hard-working, serious employees
    Highly adaptable teams and organization
    Good pay, benefits, perqs (free breakfast and lunch)

    Cons

    Not a fun or friendly atmosphere but this is appropriate for a leading hedge fund
    Marred history lead to cuts and tarnished reputation

    Advice to Management

    Keep the progressive mindset going
    Stay disciplined in investment and talent approach
    Continue to upgrade systems


  4. "Many Resources"

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

    I worked at Oz Management full-time

    Pros

    Good people who work hard

    Cons

    Company is evolving to modernize


  5. Helpful (15)

    "Look at all other recent reviews"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Oz Management full-time

    Pros

    1. Free breakfast food available at the pantry and free lunch orders on Seamless up to $15 and delivered to your desk. Sounds great, but you get tired of ordering from the same place after 3 months. $15 on lunch doesn't get you much, and this $15 limit has not changed forever. Also, because everyone orders via Seamless, you feel obligated to do so. Sometimes, it's nice to go out and have a lunch outside, but you won't be able to do so without feeling guilty. Also the food at the pantry has downgraded significantly over the years.

    2. Great healthcare benefits. Until last year the benefits were fully paid by the firm. Now, employees must shoulder some of the expenses. Still a great benefit at the moment, but with all the cost cuts, who knows what the benefit will be like in few years.

    3. Great professionally looking office with great outside view (if you are on 39th floor or 40th floor).

    4. Good place for professionals who has 2-3 years of experience to work for 2-3 years to learn. Personally, I would not recommend staying for extended period of time beyond that, as growth opportunity here at Oz is not great.

    Cons

    1. New senior managements with fresh look at the situation. What they preach sounds good, but what they are truly focusing on is cost cuts, and not on how to make the firm better place for the employees.

    2. LOTS OF people leaving. The headcount of the company decreased by more than 20% from its peak about 2 years ago. People who are leaving and have left are employees that were loyal, knowledgeable, skillful, and smart (and personable!). Almost everyone I talk to that are still at Oz expresses an interest in leaving the firm. Less people = more work, but not necessarily get paid more. The worst part is that the management is doing absolutely nothing to prevent more people from quitting. Maybe that's what they want.

    3. "Promote within" is a false statement. The only promotions I've seen involves their bosses leaving. Even then, in many cases, instead of promoting a capable employee, the management likes to find talents externally.

    4. Very little bonding and interactions between the employees in different teams. People only come to you when they need something. Personally, I like to have more personal interaction with people I work with, since I spend more time with them than with my family.

    5. Overly complicated process and institutional nuances causes steep learning curve. This also takes away employees from fully understanding what they are doing and focus more on learning about the process. Most people resist changes, so there are no efforts being made to reduce unnecessary complexity.

    6. Even during vacations, you are expected to check your e-mails. Also, taking a vacation is such a big deal. Why can't I take the vacations I earned without being complained about when to take them?

    7. Look at the asset under management and the stock price of the Company in the past few years. That will tell you everything you need to know about the firm.

    Advice to Management

    1. Need to realize that loyal employees are your greatest assets. Making them happier = more loyal employees that will put in extra efforts to get things done with higher quality. Cost cuts should really be focused on reducing unnecessary expenses as opposed to cutting employee benefits. The amount of institutional knowledge you lost from departures of all the employees is a lot more costly than you think.

    2. The Company can't operate with just the investment professionals. Just because the non-investment professionals don't generate revenues, that shouldn't make them any less important (can investment professionals file 8K? can they book trades and reconcile to the street?) You need to get rid of mentality that investment professionals are superior to the mid/back-office staffs. We are all professionals and have different skill sets and assigned tasks. The difference in the 39th/40th floor vs 13th floor is absolutely not acceptable.


  6. Helpful (8)

    "Stay Away"

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

    I worked at Oz Management full-time (More than 3 years)

    Pros

    Free breakfast and lunch if you think that your 1 hour work only worths that much. They even cut most breakfast choice because of the legal settlement cost ( how much can it save???)

    Cons

    1. No growth opportunity
    2. Management doesn't care about the employees unless you directly make money
    3. No communication channel to senior management
    4. No basic respect at all. If you resign and give two weeks notice by courtesy, they can let you go immediately and don't pay anything after that !!! So think twice whether you should give notice before resignation

    Advice to Management

    It's the culture that drives AUM down, not only the legal issue. Improve the culture first


  7. "Senior programmer"

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

    I have been working at Oz Management full-time

    Pros

    Great company to work for

    Cons

    New management. Not understanding culture

    Advice to Management

    Please deselect the knowledge the old people and their knowledge

  8. "Och Ziff"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Oz Management full-time

    Pros

    Free food, nice office, decent hours

    Cons

    not a ton of opportunity to advance


  9. Helpful (17)

    "Avoid this firm"

    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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Oz Management full-time

    Pros

    Free breakfast, lunch, and well stocked kitchen. Although the benefits are somewhat offset because the firm expects you to eat at your desk every day.

    Cons

    Dishonest management, 0 career growth opportunity. The firm is very big on face time and not so much on work life balance, lots of restrictions as well as culturally frowned upon to take vacation days.

    Advice to Management

    Accept the feedback from employees rather than tell them why they are wrong


  10. Helpful (13)

    "Low employee morale"

    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
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Oz Management full-time

    Pros

    Well known name and reputation which helps when you want to move somewhere else. Good pay. Very nice location and free food.

    Cons

    Low employee morale. Many people leaving or looking for other jobs. Company hired too much recently and isn't doing well to justify it anymore. Unnecessary long hours. Firm and industry are not in growth mode. Active cost cutting.

    Advice to Management

    Reduce face time and try to create a friendlier culture. Need more flexibility in working hours. The OZ name isn't going to bring good people in or keep them anymore so need to work on culture.


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