Patriarch Partners Reviews | Glassdoor

Patriarch Partners Reviews

Updated December 10, 2016
22 reviews

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Full-time Part-time

2.0
Star Star Star Star Star
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Lynn Tilton
14 Ratings

22 Employee Reviews

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  1. Helpful (2)

    "hopefully better days ahead"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Cook and Bottle Washer in New York, NY
    Former Employee - Assistant Cook and Bottle Washer in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    you will develop nerves of steel working here, or be too burnt out to care

    Cons

    job security shaky, hours intensive, insecure colleagues can be a handful, some great people there

    Advice to Management

    onward and upward!


  2. Helpful (2)

    "CONFIDENTIAL"

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

    Pros

    Good people working for the CEO

    Cons

    CEO is very difficult as in "out of touch".

    Advice to Management

    Not sure


  3. Helpful (2)

    "Current Employee's Views"

    Star Star Star Star Star
    • 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

    I have been working at Patriarch Partners full-time (More than a year)

    Pros

    Highly competitive salary, higher than market for similar positions
    When bonuses are paid, they are generous
    Small environment, co-workers are a great group of people,intelligent, funny, hard workers-you make friends fast
    If you are one degree away, the environment is not as stressful

    Cons

    Long hours and face-time required
    Annual bonus payment timeline is at sole discretion of Executive but it is a discretionary bonus
    Stressful work environment at times


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  5. Helpful (6)

    "Do NOT work here! Be warned!"

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

    I have been working at Patriarch Partners full-time (Less than a year)

    Pros

    None I can think of.

    Cons

    It was my worst decision ever to join this company. I guess I wanted "Private Equity" on my Resume. This is not the PE firm that you want to put on your Resume. There are lots of negative words in the industry about this firm. It's just not worth it.

    Here are the list of cons.
    1. High turnover and firing people for no reason. Much worse than investment banks. I have been here for less than a year and I have seen/heard about so many firings especially before bonus. People here have extremely low moral and work in fear every day. I don't see how this company can survive much longer with this kind of staff mentality.
    2. The pay is not really that competitive even if you get your bonus. Also the bonus is extremely unreliable. I've heard that in the past, the bonus has been paid out in August. It's like you work for 8 months without your bonus and there is a good chance you will be let go before bonus. Considering this probability, the pay here is very low relatively.
    3. The work environment is very stressful. The CEO thinks she is the Queen. If you google her, you'll see. There is lots of verbal abuse. Nobodies dares to leave office before she leaves. That means lots of late nights and sometimes you have to come in on weekends.
    4. There is not a lot worth learning here unless you want to learn how to be an b**ch. You only work on some little things you are told to do. There is no career advance or mentoring.

    On the retrospect, I should never have joined this company even if they doubled my salary. The stress and the odds of getting the bonus is not worth it. Anyone thinking of joining this firm, be warned and stay clear of this sh*t hole! If you really want to join, make sure you negotiate a high base salary, not the bonus! The odds of getting the bonus is not on your side.

    Advice to Management

    Useless, she listens to no one.


  6. Helpful (4)

    "TERRIBLE PLACE TO WORK"

    Star Star Star Star Star
    • 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
    Disapproves of CEO

    I worked at Patriarch Partners full-time

    Pros

    If you negotiate, you can get an above average salary in the industry. Co-workers are good people.

    Cons

    Terrible place to work. They lie to you about bonuses. No raises. You have no responsibility. No job growth. They fire people for no reason and without notice. No job security. Tons of turnover. Wouldn't recommend this place.

    Advice to Management

    There is only 1 manager, everyone else is a yes man. Give people responsibility and don't fire without notice and give people chances.


  7. Helpful (8)

    "Private Equity Firm to Avoid"

    Star Star Star Star Star
    • 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 Patriarch Partners full-time (More than a year)

    Pros

    They pay average to slightly above average salaries. Interesting place to work if you enjoy dysfunction and chaos.

    Cons

    In my experience - Senior level management at the operating companies and at the main office in NY last 12 to 24 months. Zero work life balance and is a great place to work if you are hoping to get divorced. Culture is centered on fear and intimidation. Worst place I have ever worked.

    Advice to Management

    There is only one person in "management" and she isn't going to listen. So, I will refrain from offering advice.


  8. Helpful (6)

    "Unique employer, distressed businesses and venture capital"

    Star Star Star Star Star
    • 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

    I worked at Patriarch Partners full-time (More than a year)

    Pros

    Fast moving environment with broad range of exposures

    Cons

    Situational ethics abusive management high turnove


  9. Helpful (7)

    "Company sugar coating business"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hampton, VA
    Current Employee - Anonymous Employee in Hampton, VA
    Doesn't Recommend

    Pros

    co-workers are great, benefits were ok , pay ok, great place to work

    Cons

    management all for them self, not enough 'job well dones", no raises, no further growth, no in house training to better yourself, management lies to employee, management keep taking benefits like vacation away,

    Advice to Management

    listen to the employees that actually do the job. their way just might be better. quit micro manage, work with your employees...they are loyal and you just want to write them up. Just listen to employees and not just look at reports.


  10. Helpful (2)

    "Credit Associate - Credit Team"

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

    Pros

    Smart people across the firm, clear mandate as a PM, lots of responsibility and visibility.
    No politics - everyone pretty much comes together under Lynn. Also salary and bonus were competitive vs most of the PE industry.

    Cons

    Stress levels in the Credit Team can be high. Not for people looking to do quick career jumps.


  11. Helpful (1)

    "Unique"

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

    I worked at Patriarch Partners part-time (More than a year)

    Pros

    Great business vision statement and mission statements. Dust to diamonds and saving American manufacturing operations are noble and lofty goals. The "Clarion in Call" in the NY times was epic.

    Cons

    Extreme drive for EBITDA trumps vision and mission statements. Work life balance was marginalized Even day to day activity is frenetic and exigent is word of the day.


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