Promontory Financial Group Reviews | Glassdoor

Promontory Financial Group Reviews

Updated February 14, 2019
109 reviews

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2.5
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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. "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