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Promontory Financial Group Reviews
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    Promontory Financial Group Reviews

    Updated February 14, 2019
    109 reviews

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    2.5
    StarStarStarStarStar
    Rating TrendsRating Trends
    Recommend to a friend
    Approve of CEO
    Promontory Financial Group Founder and Chief Executive Eugene Ludwig
    Eugene Ludwig
    70 Ratings

    Employee Reviews

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    Pros

    • "They provided on the job training for the compliance procedures, offered overtime, and had a nice office" (in 9 reviews)

    • "Great people - very diverse background which brings a fantastic cultural mix to the team" (in 9 reviews)

    Cons

    • "Extremely poor work life balance" (in 13 reviews)

    • "junior staff are seen like pawns on a chess board that can just be moved around (literally) by senior management" (in 11 reviews)

    More Pros and Cons

    1. "Excellent firm"

      StarStarStarStarStar
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee

      I worked at Promontory Financial Group full-time

      Pros

      Excellent people, interesting engagements, collaborative environment

      Cons

      None to speak of frankly

    2. "Great benefits and work environment"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Analyst in Denver, CO
      Former Employee - Analyst in Denver, CO
      Recommends
      Neutral Outlook
      Approves of CEO

      I worked at Promontory Financial Group full-time (More than a year)

      Pros

      Great PTO, holidays, and pay. Awesome coworkers and a fun day-to-day work environment.

      Cons

      Little room for growth into advanced roles within the company. Very infrequent pay raises. HR can be useless.

      3. Join the Promontory Financial Group team
      See Our Latest Jobs

    3. "Loosing its prestige very quickly"

      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 Promontory Financial Group full-time (More than 5 years)

      Pros

      Good people
      Interesting projects
      Great exposure to senior members at the client

      Cons

      Lackluster base pay (used to be competitive)
      Decreasing bonuses every year
      Lack of transparency

      Advice to Management

      Pay more

    4. Helpful (2)

      "Flagship is drifting and taking on water"

      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
      No opinion of CEO

      I worked at Promontory Financial Group full-time

      Pros

      + Some great people are still around but they continue to leave, without replacement.

      + Consistently apply a nautical theme across all aspects of the company (hence the review title).

      + IBM acquisition brought about a relaxed culture and a better work/life balance.

      + Good place to work for those who aren't overly engaged and don't mind the sometimes drastic career drift.

      + Junior staff are given real responsibilities and not often asked to do menial tasks.

      + Nice offices and work from home option is available for most employees.

      Cons

      - Real leadership and vision are severely lacking.

      - Quality and reputation have hastily declined, as has compensation.

      - Once a professional services firm full of SMEs doing the work, it is now a sales organization where the dwindling number of experienced staff focus on sales, not delivery.

      - Not a place for those looking to grow or manage their own career.

      - The company culture is bad and there are some bad apples that they refuse to fire. Instead of working on this, HR is apparently too focused on fixing the Glassdoor rating by publishing misleading reviews.

      - Lacking a plan for the future, particularly with regard to IBM.

      Advice to Management

      The CEO was amazing but is now disengaged (understandably) and focused on other endeavors. So line up the next leader(s) who can create and execute on a vision for the company.

      To keep the company from sinking further, put an honest effort into fixing some of the issues OR just let the employees know that the plan is to wait it out until the company eventually dissolves into IBM.

    5. "Outstanding organization undergoing some transitions"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Director in Washington, DC
      Former Employee - Director in Washington, DC
      Recommends
      Neutral Outlook
      Approves of CEO

      I worked at Promontory Financial Group full-time (More than 5 years)

      Pros

      You work with the best and the brightest in financial services

      Cons

      You have to self-advocate a lot, and there can be "in groups" and "out groups"

      Advice to Management

      More training. Treat "infrastructure" team better.

    6. Helpful (1)

      "Analyst - Transaction Monitoring"

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

      I have been working at Promontory Financial Group full-time (Less than a year)

      Pros

      Investigative work, team I'm working with

      Cons

      System issues, some unrealistic expectations

    7. "Senior Consultant"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Senior Consultant in Washington, DC
      Current Employee - Senior Consultant in Washington, DC
      Doesn't Recommend
      Negative Outlook
      Approves of CEO

      I have been working at Promontory Financial Group full-time (More than 3 years)

      Pros

      Diverse assignments & excellent benefits and pay. The CEO’s vision is noble and supportable.

      Cons

      Lacking protocol, structure, appropriate resources in many instances, and an overall tangible appreciation of diversity.

      Advice to Management

      Create a sustainable structure, strengthen diversity programs and foster an environment which holds senior management and Directors accountable.

    8. Helpful (3)

      "Toxic place to work"

      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
      Disapproves of CEO

      I worked at Promontory Financial Group full-time (More than 3 years)

      Pros

      Working from home occasionally but that’s about it

      Cons

      Where to begin? Management is horrible and treats you like garbage. They will do everything in their power to make sure you know you are inferior. If you bring up your issues to them, they will twist your words and make it seem like you are the one that is in the wrong. You will never feel appreciated for any of the work you do. If you are deciding whether or not to work here, DO NOT. Run while you have the chance.

      Advice to Management

      Learn how to be a real manager that is fair, appreciative and willing to accept criticism.

    9. Helpful (4)

      "Poor Practice"

      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

      Pros

      If you enjoy taking silly quizzes or polls, this is the job for you!

      Cons

      Poor training
      Poor management

      I wasn't given any clear expectations on what my production level should be on alerts. I was told to focus more on quality than quantity while I was still in training and then once I got cleared I could ramp up. I was let go within the month for "production" reasons. Many of the upper management does not come from an AML/business background.

    10. Helpful (3)

      "Eh"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - AML Analyst in Denver, CO
      Former Employee - AML Analyst in Denver, CO
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Promontory Financial Group full-time (More than a year)

      Pros

      It’s a paycheck and they’re leaneant with your schedule.

      Cons

      No room for growth
      Team leads are almost never around
      No clear end goal

      Advice to Management

      Be more available and be more transparent