Tamarac Reviews | Glassdoor

Tamarac Reviews

Updated February 14, 2017
29 reviews

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2.3
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Stuart DePina
14 Ratings

29 Employee Reviews

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  1. Helpful (7)

    "Operations analyst"

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

    Pros

    Great place to work. Nice

    Cons

    Nothing I can think of


  2. Helpful (6)

    "It's a job and a notch on the resume, absolutely nothing else!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in Raleigh, NC
    Former Employee - Operations Associate in Raleigh, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Tamarac full-time (More than a year)

    Pros

    Some of the people that work here are really nice. It was a good experience to learn the type of company that I never want to work for in my career again.

    Cons

    The management is really young and generally has no clue what they are doing. They often micro-manage, expect you to work long hours, and change things frequently. The pay is a very minimum base entry-level regardless how many degrees or years of experience you bring to the table. In the Raleigh office there is a "good ole boys club," and if you are not part of that inner circle than good luck!

    Advice to Management

    Hire some real managers with management experience, not just people who have a year of knowing your products.


  3. Helpful (5)

    "The worst company to work for"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operation Associate in Seattle, WA
    Former Employee - Operation Associate in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Tamarac full-time (Less than a year)

    Pros

    Nice office and submissive first tier employees who can put up with Tamarac's bad corporate culture.

    Cons

    Dirty office politics, inexperienced managers (rude in some cases), dysfunctional training system (in some cases there is no training at all), biased performance reviews, low salary, and discriminatory organizational culture.

    Advice to Management

    It's not ok to basically do anything just for making more money....


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  5. Helpful (4)

    "Not a Mature Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in Raleigh, NC
    Former Employee - Operations Associate in Raleigh, NC
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Tamarac full-time (More than a year)

    Pros

    You are allowed to put your headphones and just work. If you like Excel, SQL and crunching numbers it's great. It was a great entry level opportunity to be exposed to the RIA space.

    Cons

    Managers are left over from when the company was very small. They know little and say they are open to feedback but they aren't. If you don't hang out and party with the in crowd then you won't advance. Other people have mentioned the "black-balling" - 100% confirmed. They will just stop talking to you and from there you just have to leave the company.

    Benefits are plain bad, but if you are a 22 year old, they probably seem ok. 1.5% match for an "investment" company is not competitive. Pay was poor. The company gives out shares to managers - but to prove the companies lack of care for these people, they bought Yoodlee (with shares) a few days later and crushed the share price effectively splicing the value of those shares by 40%.

    Oh and thesee jobs only exist because the product is bad. Operations Associates are manual repairmen for a poorly thought out aggregation system from thebl 1990s .

    Advice to Management

    After all these negative reviews, it's amazing nothing has changed. Company needs to gut Tamarac and fully fold it into Envestnet.


  6. Helpful (5)

    "Operations Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at Tamarac full-time

    Pros

    Great benefits such as 4 weeks vacation.

    Cons

    Management is young and inexperienced. Don't like input and hates correction. If you correct a young manager you are black-balled by all.

    Advice to Management

    Get managers more training from managing professionals and diversify leadership.


  7. Helpful (6)

    "Advisor Services department (Data Associate and Client Services Associate) is a sweatshop"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Free carbonated water, juice, coffee, and oatmeal.

    Health benefits package is decent

    PTO plan above average

    Cons

    Compensation well below complimentary positions at other companies within the local markets

    Inexperienced managers

    Recent college graduates over more skilled industry experienced individuals are favored for new hires.

    Practical product training is barely provided and expected on your own time

    Aggresive offshoring strategy in place

    Job responsibilities fluid with regular department reorganization

    Knowledge is oftentimes tribal and siloed. Reaching out for help in other more knowledegable departments with solving complex issues strongly discouraged by senior members and managers.

    Aggresive caps on team budgets, resulting in strong lack of resources, stymied promotions and career growth

    Advice to Management

    Hire an outside organizational consultant to repair this department


  8. Helpful (8)

    "RUN!!!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Data Associate in Raleigh, NC
    Current Employee - Senior Data Associate in Raleigh, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Tamarac full-time (More than a year)

    Pros

    Plenty of days off between sick, PTO and Floating holidays. Free coffee, soda and other drinks. Decent benefits.

    Cons

    Company does not like experienced workforce. Age discrimination is noticeable. If you provide structured criticism in any way, shape or form you're done. Company likes workforce fresh out of college who don't know any better. Advancement is for those who do what they're told even if it doesn't make sense. Management often times don't know how the software works due to the "enhancements" every 8 weeks. Company is definitely a "good old boy" club in Raleigh. I don't know how it is in Seattle, but I bet is the same. RUN as fast as you can from this place!

    Advice to Management

    Stop the games. If you're truly a technology company, promote people that are knowledgeable, skilled and talented and not people you like; maybe that way talented people will stop leaving this place!


  9. Helpful (2)

    "Inexperienced managers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Seattle, WA
    Current Employee - Anonymous Employee in Seattle, WA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Tamarac (More than a year)

    Pros

    Free soft drinks. Good coworkers

    Cons

    They reorg and removed experienced managers and put inexperienced managers in my group!! I don't want a friend to manage me! I want a manager! Very low pay especially for seattle!

    Advice to Management

    Get better managers!


  10. Helpful (4)

    "Easy but boring."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Associate in Seattle, WA
    Former Employee - Operations Associate in Seattle, WA
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at Tamarac full-time (More than a year)

    Pros

    Nice group of people overall. All you need is common sense to get by.

    Cons

    Compensation isn't competitive.
    The work gets extremely repetitive.
    During QE, clients can be aggressive (expected).

    Advice to Management

    Probably should spend more time on your people and less on your holiday parties.


  11. Helpful (5)

    "Tamarac Review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook

    I worked at Tamarac full-time

    Pros

    Being apart of fast growing company.

    Cons

    New employees have a high turnover (many terminated). Learn fast, its cutthroat with very little/zero job training.

    Advice to Management

    Add in job training program.



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