Simmons & Co. Reviews | Glassdoor

Simmons & Co. Reviews

12 reviews

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3.0
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Michael E. Frazier
3 Ratings

12 Employee Reviews

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  1. "Traditional Investment Banking"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Solid reputation and presence in the energy industry, outstanding benefits and professional corporate environment, wonderful colleagues within certain business units

    Cons

    No room for professional growth if you function in a non-executive role, average levels of communication throughout the organization and sometimes no clear direction at times, corporate culture and values are stagnate


  2. "Learn fast and run"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Research Analyst in Houston, TX
    Current Employee - Research Analyst in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Simmons & Co. full-time

    Pros

    First Star: Great learning experience
    Second Star: Good name recognition

    Cons

    No third star for treating people very badly and completely ignoring their opinion.
    No forth star for discouraging professional growth and providing no career advancement opportunities.
    No fifth star for lack of fair compensation based on person's contribution, pervious and current experience, education and professional credentials.

    Advice: if you consider working for this company, make sure you work under the right analyst and have the right coverage. A terrible analyst will make your life unbearable, while a terrible coverage will make you less marketable after this job. You would prefer onshore OFS to E&Ps to Refining to Integrateds. To know if the lead analyst is good, reach out to a few people who worked for him before and ask for their feedback.

    This company is not interested in you and your opinion. It does not respect you as an individual and definitely does not invest in your growth. They need slaves who have no individuality, no opinion, who can work fast, a lot and without complaining.

    This slave experience is definitely very invaluable, since you get to know who you are (a sheep or a lion), appreciate when people treat you well and want to hear what you have to say.

    You need to make up your mind if you pay too high of a price for what you get.

    Advice to Management

    My dad taught me to mentally thank every of our 145 employees every day for coming to work and for allowing our family to lead the life style that we lead. I recommend doing the same to the management, since the way they treat people is absolutely unacceptable.
    Keep the best people and encourage professional development. Right now you are developing great talents for your competitors. I bet they feel very grateful to you.
    Have fair hiring and compensation practices.
    Fire the lead analysts who are terrible managers, since they do not deserve to manage great young talents.


  3. "Great Non -profit experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Boston, MA
    Former Employee - Anonymous Employee in Boston, MA
    Recommends

    Pros

    Great Life/Work Balance and Benefits package

    Cons

    too many responsibilities overlap other positions

    Advice to Management

    restructure roles and responsibilities


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  5. "Great Energy Boutique Bank"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Recommends

    Pros

    Great energy boutique with primary projects in middle-market, private company sellside advisory. Capital markets roles are always co-manager on equity offerings. No debt capabilities due to no balance sheet. Research group is strong. Corporate Finance group is excellent, but standard banking lifestyle.

    Cons

    Rumor is that they pay just below market due to Houston and June 30 fiscal yearend.

    Advice to Management

    Communicate growth potential to employees.


  6. "Good"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Fun, Good people, Strong Culture, Smart

    Cons

    Long hours, Lesser known, Piper


  7. "Long Hours"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Simmons & Co. full-time

    Pros

    Used to have good benefits

    Cons

    long hours - promised bonus. never got one.


  8. "Good company, good benefits"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Simmons & Co. full-time

    Pros

    Very reputable company with great benefits. Good people to work for and very knowledgeable bankers. I am proud to work at a company that is held in such high esteem.

    Cons

    As a member of the support staff, I don't see a lot of room for growth/to move up. Luckily for me, I'm happy where I am!


  9. Helpful (2)

    "Good experience, slow career progression and low compensation for an "IB""

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Aberdeen, Scotland (UK)
    Current Employee - Analyst in Aberdeen, Scotland (UK)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Simmons & Co. full-time (More than 3 years)

    Pros

    Good team culture with a number of very high quality directors. Great access to deal flow and a wide range of transaction stages.

    Cons

    Level of compensation is way below industry (investment banking) and also just general accountancy firms. Don't invest properly in junior team members. Highly conflicted operations having a fund and a corporate finance outfit in the same office


  10. Helpful (5)

    "Great people, but insular mindset with dismal bonuses"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Research Analyst in Aberdeen, Scotland (UK)
    Current Employee - Research Analyst in Aberdeen, Scotland (UK)

    Pros

    Colleagues are like one big family. Really nice and friendly culture. Great learning experience from senior colleagues and opportunity for building in-depth knowledge in oilfield services. Depending on who you work with, the firm strongly encourages and welcomes juniors stepping up to the challenge - either taking on a larger role or contributing ideas and thoughts. Dominance in Aberdeen is undisputed. Respectable brand name that is known within the industry.

    Cons

    One of the main issues is that the company doesn't place sufficient emphasis on training junior staff and new hires. Apart from several weeks of training in the Houston office for new hires (which was only introduced in the recent 1-2 years), there is little to no modelling and other investment banking-type training thereafter. Senior analysts are generally quantitatively-weak ( (e.g. LBO would be considered too advanced for some), and are unable to provide sufficient guidance to junior staff. This then results in work backing upwards, with associates doing analyst work, and VPs doing associate/analyst work.

    Compensation is also another major weak point of the company. Bonuses are no better than Big 4 (at least for Simmons in Aberdeen), and in some years could be worse. Juniors are underpaid, and stay for a few years to complete their CAs before leaving for somewhere else. I doubt the recent acquisition by PJ will improve the compensation since this disparity with Simmons in Houston has always co-existed.

    Being in Aberdeen also makes it difficult to interview for opportunities in say, London, so exit opportunities could be constrained

    Advice to Management

    - Get rid of expensive overheads (senior people that don't bring in revenue) so that you can pay the junior staff more
    - Remove 30% of the bottom-rank analysts/senior analysts/associates, and increase the pay of the rest of the staff accordingly. Currently, there is too little differentiation (in pay) between strong performers and stragglers so there is absolutely no incentive to work hard. Why stay till 10pm or 11pm and earn only 5K (for example) more in bonus when you can leave at 6pm everyday?
    - Diversify revenue pool beyond Aberdeen. It's a big world out there.
    - Create more competition internally (e.g. for opportunities to travel / overseas work, monetary reward, more explicit ranking structure etc. to create culture of excellence
    - Focus on training junior staff
    - MDs should be less concerned with "guarding turf" and involve Directors and VPs more in origination


  11. "Great Company, not so great compensation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Simmons is a great Company, and are the best in Oil & Gas M&A. Most of its employees area great human beings as well as excellent and knowledgeable professionals.

    The Company also invests in their employees by sponsoring further education and qualifications.

    Cons

    The salaries are not up to a competitive level.


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