Prospect Capital Reviews

Updated May 2, 2021

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4.3
82%
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83%
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Prospect Capital Chairman and CEO John F. Barry III (no image)
John F. Barry III
26 Ratings
  1. 5.0
    Current Employee, more than 1 year

    Great place to work, especially if you're eager to learn!

    Feb 15, 2021 - Administration in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    You'll work alongside wonderful people who will take the time to ensure you have the right tools to succeed. If you have an interest in learning something new, Prospect will allow you to explore that interest and in turn can become another path for career development. Hard work does not go unnoticed and management take the time to listen should you have any concerns.

    Cons

    Prospect is a high pressured environment with a lot going on at all times. You'll need to keep organized and anticipate next steps to stay ahead.

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  2. 2.0
    Former Employee, more than 3 years

    Lot of deal activity but volatile environment

    May 2, 2021 - Investment Professional 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Lot of deal exposure; flexibility to invest up and down capital structure; lot of smart people work there

    Cons

    Grier (President) creates demoralizing environment

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  3. 5.0
    Current Employee, more than 1 year

    Great Culture, Great Opportunity to Learn

    Oct 7, 2020 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    I have been an employee at Prospect Capital for over two years and the experience has been both very pleasant and educational. Managers are willing to teach as long as you have a strong work ethic and are willing to go above and beyond expectations. Along with hard work comes high rewards. Not only does Prospect provide great pay and bonuses, the companywide events are exceptional. Including ski trips to the best resort in Killington, VT, lavish holiday parties, to boat rides in NYC - for employees and families. I am especially impressed with how they are handling the COVID-19 work from home situation. From the very beginning of the pandemic, management was extremely understanding and allowed everyone to choose to either work from home, or come into the office (with proper NYC protocol) and has ensured us that our safety comes first. One thing remains consistent across the board at Prospect. If you work hard, take ownership, and have a positive attitude, you will reap all of the benefits of working at Prospect. Management will always take notice and I speak from experience.

    Cons

    Not a 9-5 job, you may have to work longer hours.

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  4. 5.0
    Current Employee, less than 1 year

    Outstanding Platform

    Jun 29, 2020 - Managing Director 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    I never wanted to work at an organization where I was just another spoke in the wheel,. At Prospect I know that if I have a good idea or make a positive bottom line contribution I will get both the recognition and the support from management . As a result, Prospect has developed one of the most diverse investment platforms you will find for a debt and equity fund. Prospect, as an industry leader, is not only diverse in terms of its various investment strategies, but also available career paths. As your career evolves, the ways in which you can contribute will evolve. Its up to you seek out those opportunities but I have found Prospect is capable of adapting to how you can add the most value. Just as important is the diverse background and experiences of its people. These people are doers with the drive and grit to solve problems. One final note. I have found that Prospect puts great value on allowing its employees the flexibility to manage the demands of raising a family with those of working at a growing an constantly evolving financial investment business. As evidence of this, Prospect has opened up satellite offices from coast to coast, allowing its employees to work closer to home. If you believe in yourself and want to be challenged I can't think of a better platform.

    Cons

    Nothing really comes to mind.

    1 person found this review helpful
  5. 5.0
    Current Employee, more than 5 years

    Great place to work if you are ambitious and proactive

    Nov 3, 2020 - Anonymous Employee in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Opportunity to work with intelligent, hardworking and motivated individuals. Most employees genuinely want to work hard and do a good job. Autonomy and responsibility -there is opportunity to self-manage. Meritocracy- work hard and you will be rewarded. The size and structure of the company allows for growth. Fast-paced environment means no two days are the same. Excellent benefits- health insurance, Friday lunches/bagel Mondays, team events, company wide events (skiing trip, boat trip, holiday dinner).

    Cons

    Prospect’s environment is not for everyone. Dedicated, proactive and ambitious individuals will do well. It can very fast-paced and senior management have high expectations of all employees.

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  6. 5.0
    Current Employee, more than 8 years

    Upbeat and Problem-Solving during COVID

    Jul 22, 2020 - Anonymous Employee in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    *Hunger to succeed in the business remains top priority for the benefit of our shareholders, portfolio company employees, and our own families. *Ongoing dialogue with managers about work substance, allocation, feedback, and others topics of concern to the employee. *Clearly-defined objectives; collaborative effort to meet those objectives. *Colleagues support one another. *Managers have been particularly supportive during COVID, instituting reasonable office/out-of-office arrangements, surveys to elicit employee input on best practices and approaches, and newsletters to keep employees better informed when they cannot necessarily see each other face to face.

    Cons

    *You have to be a self-starter, at least to a significant degree. Collaboration and support are ever-present, but you yourself have to start from a place of enthusiasm, capability, and knowledge -- and be ready to apply those attributes at every turn.

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  7. 2.0
    Former Employee, more than 3 years

    Volatile environment

    Jan 21, 2021 - Director in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Large platform, actively pursuing deals

    Cons

    Management not long term relationship focused

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  8. 5.0
    Current Employee, more than 3 years

    Great co-workers

    May 30, 2020 - Associate in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    - I genuinely like my co-workers and miss seeing them right now during the pandemic. - I enjoy working with other smart, driven and motivated people who care about their work product. - Lots of opportunity to grow and learn , but you have to be willing to put the effort in. - Lots of interesting projects (and problems!) to work on. I have the ability - to an extent - to focus on projects that fit my skill set and interests.

    Cons

    Prospect is not a perfect fit for everybody. You have to be ready to work hard, able to accept criticism and have the ability to work in a sometimes stressful environment.

    1 person found this review helpful
  9. 4.0
    Current Employee, more than 3 years

    Prospect employees each have something that leads the firm to success.

    Aug 25, 2020 - Administrative Assistant in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    The top and junior level employees are hard workers who go above and beyond in order to obtain the best deals for the investment team. The administrative team try their best to support the firm in everything they need and as fast as possible. The CEO is always thinking of ways the firm to could be better, always seeks the opinions of the junior personal of any group and is always seeking the opions of the new hires. The communication at Prospect is via Email but employees are always a phone call away or message away. There are many postive employees who motivate you to do your best or take their time to explain how a given task should be done or improved. The firm tries to keep their employees attitude on a postive note by having mentors, mentors lunches, firm lunches every friday, anual boat trip, ski trip and holiday dinner. One of the great things of Prospect is how they are considirate if each person family situation and how they try to involve the employees families on their firm outings and events. Prospect is a little bit different than other companies but this gives you the oppurtunity to learn skills outside of your field, grow within the company, learn the company in and out and outshine in your given projects.

    Cons

    Prospect has had many issues with other complaining about the pipeline call management but this has been on of the things that is being worked on. Any issues encountered within the firm can be fixed by providing a recommendation to the the administration team, human resources or the higher ups. Those that do no have self motivation, "lazy" or easy going would not benefit from the company.

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  10. 5.0
    Current Employee, more than 10 years

    A Great Professional Experience

    Jul 8, 2020 - Managing Director in New York, NY
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Prospect offers employees the opportunity to expand their responsibilities based on a record of success and achievement. Prospect is an excellent environment for young and middle level professionals seeking to reach the next level in their careers.

    Cons

    Prospect is a fast moving environment and not a good fit for those not seeking to make gain new skills and adopt to evolving product lines.

    1 person found this review helpful
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