Primatics Financial "senior management" Reviews | Glassdoor

Primatics Financial Employee Reviews about "senior management"

Updated Mar 4, 2016

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3.3
52%
Recommend to a Friend
75%
Approve of CEO
Primatics Financial General Manager Kwang Sin (no image)
Kwang Sin
8 Ratings
Pros
Cons
  • "Very late sittings affecting work life balance(in 12 reviews)

  • "For a company of its size the firm is surprisingly very political and senior management is incompetent(in 6 reviews)

More Pros and Cons

Reviews about "senior management"

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  1. Helpful (13)

    "Heed all the warnings posted here- You have been warned"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook

    I worked at Primatics Financial full-time

    Pros

    Flexible work schedule, great staff below Director. Most people just waiting for other shoe to drop ( aka the earn-out) before exiting. Lots of openings as many of the recent hires ( in last 2 yrs) quitting. If you are on a project run by a founder - rules/SOP will not apply to you but you will work 60 hrs/week.

    Cons

    Read all the postings on Glass-door - there is a theme. For a company of its size the firm is surprisingly very political and senior management is incompetent. The majority of VP and Directors have only worked at Freddie/Fannie which only adds to the bad habits and haphazard way in which they apply processes. Work/life balance is very poor.

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    Primatics Financial2015-08-17
  2. Helpful (7)

    "Lack of Opportunities"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Primatics Financial full-time for more than 3 years

    Pros

    Depending on who you work with there may be work life balance.

    Cons

    The company operates in a very niche space that thrived on banks acquiring distressed assets. This worked when the economy was in downturn but they have not been able to maintain clients and get new one's as the economy improves. So there are few opportunities for learning something marketable and to enhance one's personal resume. Whatever opportunities do exist are promptly shared, not on merit but favoritism as other reviews suggest. That also means reviews are a formality to justify ratings rather than to be used for development. For a 200 small company it is extremely bureaucratic and senior management does not communicate properly with each other resulting in multiple meetings at low level whose sole purpose is to get everyone on the same page over and over again. The VP of the biggest resource group believes that only top performers should be career coached. She used to famously say that in a group setting during reviews...that we should spend time coaching only the top performers who hold promise. As the product name suggests, technology is evolving all the time and that also works as a caveat for when technology does not work.

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    Primatics Financial2013-10-04
  3. Helpful (9)

    "Used to be great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Primatics Financial full-time for more than 3 years

    Pros

    First, the biggest advantage of working at Primatics is that you are working with really smart people. Everybody says that but here you are really working with people with very high IQs Second, the executive management is really interested in fixing problems. Most of the senior management are made up of very analytically oriented people. Once you get them to take notice of a problem, they will find a solution. You do not find "check-the-box" kind of management here. The executive managers are deeply deeply interested in solving problems and moving the company forward Lastly, the company combines technical expertise with business expertise. There are a lot of experts here, and you can learn a lot

    Cons

    I've been at Primatics for 4 years. Over the past 4 years the growth has exploded and Primatics was bought over by the Carlyle group. As Primatics has grown, it has gone from being more people-oriented to being more process-oriented. Also, unfortunately, since Carlyle bought Primatics, everything is going downhill. Yes, when they first came on board, the company line was "Carlye is not telling us how to run the company. They are just advising us", which sounded like doublespeak, and it was Cost cutting:- The company is focused too much on cutting costs. Cutting costs is important but it would be better done organically. The execdutive managers who used to be domain experts have become bean-counters. The way costs are being cut is not right. A lot of the responsibilities are moving offshore because offshore looks cheaper on paper. The problem is offshore is not ready. There are a lot of inefficiencies assosciated with offshore that are not readily apparent on paper. Onshore employees are being laid off, and IME, tenured mediocre employees are being kept while newly hired top performers are being laid off. A lot of good people are leaving. Last 3 quarter the company has consistently said there will be no layoffs, and there have been layoffs every quarter. No one trusts them now when they say "there are no layoffs". Yeah there are going to be layoffs, and it might be me next time. Time to update my resume! Finger pointing:- A side effect of the layoffs is that finger pointing among the middle management is on the rise. No one wants to look bad, so they point fingers at the other team. Everyone used to work together here before Carlyle Egos:- a side effect of having really smart people is their egos. Especially on the technical side, different people are pulling the ship in different directions. There is no captain.

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    Primatics Financial2013-08-08
  4. Helpful (5)

    "Doomed to fail, if management changes are not made soon."

    StarStarStarStarStar
     
    Doesn't Recommend
    Negative Outlook

    I have been working at Primatics Financial

    Pros

    Smart People, competitive compensation, good work/life balance. Co-founders are amazing!

    Cons

    Management has no idea how to manage. Everyone's ego gets in the way of real work. Meetings, meetings, meetings. And always the same people running their mouth to hear themselves talk. Middle/Senior management needs a complete overhaul. The company is struggling because there is absolutely no continuity or consistency. Everyone is so busy trying to make their presentation "pretty" for the endless meetings, they don't get anything else done. If I were a client I would be very concerned.

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    Primatics Financial2013-01-25
  5. Helpful (5)

    "a real review for a change"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in McLean, VA
    Doesn't Recommend
    Negative Outlook

    I have been working at Primatics Financial full-time

    Pros

    Relatively good package - on par with average DC job market, H1B processing, opportunity to acquire technology skills, limited tuition reimbursement, opportunity to learn some business processes end-to-end from technology to accounting nitty-gritty details

    Cons

    Constant and escalating infighting between senior management. Frat-party feel of the middle-management: it all seem to come from one tight circle originating in James Madison University's fraternities, absolute lack of accountability as long as you belong there. Rampant favoritism across the board: ass-lickers rule both in product group and services. Constant re-shuffling in client services group, the same people are reassigned to different tasks several times a year. Incompetent project management in product group is quite astonishing. Large number of people from failed enterprises Fannie and Freddie, you get an idea of how it impacts the environment. Very high turnover rate, people keep leaving. Overall one of the worst places to work in DC area.

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    Primatics Financial2012-12-25
  6. Helpful (5)

    "worst leadership of any small company out there"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Manager in Washington, DC
    Doesn't Recommend
    Negative Outlook

    I have been working at Primatics Financial full-time for more than a year

    Pros

    good pay - no bonus (although they promise). Some smart young people working there.

    Cons

    incredibly bureaucratic for a small firm, senior management are all friends of the founders and are not held accountable for any misgivings. They hire only from James Madison so it's really one big fraternity - not as professional as it should be.

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    Primatics Financial2012-10-11
  7. Helpful (5)

    "High burnout rate, get it done no matter what it takes management style"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in McLean, VA
    Doesn't Recommend

    I worked at Primatics Financial

    Pros

    The talent level of the employees, monthly in office happy hour, the product has endless possibilities which continually changed. I also enjoyed the open space which allowed for a more collaborative approach to solutions.

    Cons

    Senior management out of touch with employees. The maturity level of senior management. The promotion approach of "tenure = promotion". There were a number of individuals in management and senior roles that were promoted due to their tenure and product knowledge, not because of there ability to manage people.

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    Primatics Financial2012-04-04
  8. "A good place to work at"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Associate Business Analyst in Karāchi
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Primatics Financial full-time for more than a year

    Pros

    Very friendly environment. Very good culture. Young blood in the company. Very cooperative people. Flexible timings. Ability to work from home. Have access to senior management in case of any concern / problem. Nature of work requires to think out of the box. Above-market salaries and bonuses.

    Cons

    Same type of work at almost every designation. Very common late sittings. A little favouritism within teams (its natural though). A lot of people to answer to.

    Primatics Financial2016-03-04

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