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Quantitative Risk Management

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Quantitative Risk Management reviews

3.5

64% would recommend to a friend

(36 total reviews)

Stephen Rigsbee

56% approve of CEO

66% positive business outlook

Quantitative Risk Management has an employee rating of 3.5 out of 5 stars, based on 36 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Quantitative Risk Management employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

36 reviews
3.0
Sep 13, 2010
Recommend
CEO approval
Business Outlook

Pros

QRM hires bright people, so you get to work with some good talent. While I worked there, I grew by leaps and bounds as a software developer.

Cons

QRM did not know how to properly use its bright people; they routinely had overqualified people doing ridiculous things. For example, they had a PhD in optimization basically doing project management. Ouch.

2.0
Aug 19, 2010
Recommend
CEO approval
Business Outlook

Pros

Compensation is lower than some financial firms in Chicago, but comparable or better than other firms with similar workloads. The work/life balance is quite good. Standard 45-hour week, and almost no pressure to put in more time. I never received resistence when asking to use my vacation time. On the technical side, QRM does make an effort to support using newer technologies. There are some very talented developers and technical managers here.

Cons

It's a pretty flat organization, but I was still very isolated from senior management. You receive pretty much 0 information about how well the company is performing. Draconian Internet access policy. Raises and bonuses are still around, but they are not nearly as impressive as a few years ago. Requirement to fill out time cards that add up for 45 hours a week (a bit weird for a non-billable salaried position). Lots of talent has left and QRM is slow to replace, if they replace at all. Relies almost exclusively on recruiters for new talent, which greatly limits the talent pool. The review process never puts you in contact with the people who actually decide your raise/bonus. On the technical side, QRM also has some technical managers who aren't keeping up with industry best practices. Many make decisions to get things done quickly, instead of getting things done correctly. Some of the developers are also pretty mediocre. QRM feels like a company on it's way down, and senior management seems to have no desire and/or ability to change anything to stem the bleeding.

3.0
Aug 12, 2014
Recommend
CEO approval
Business Outlook

Pros

The working hours are very reasonable -- generally, the management makes realistic schedules. The company dominates its niche, so its product probably isn't going to vanish as it might at a startup. The software development process is quite mature, which does help you do your best work.

Cons

Like another review stated, the organization is flat -- there is a smaller chance of advancement here than at fast-growing companies. The product features are not exactly cutting edge, mostly because their customers have been around for decades in a highly regulated industry and thus don't like changes. You may not be working on the latest and greatest technology. The management requires employees to work 45 hours per week, which is very draining for those who have hour-long commutes into Chicago.

Viewing 1 - 3 of 36 Reviews

Glassdoor has 36 Quantitative Risk Management reviews submitted anonymously by Quantitative Risk Management employees. Read employee reviews and ratings on Glassdoor to decide if Quantitative Risk Management is right for you.