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The Siegfried Group

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The Siegfried Group

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The Siegfried Group Reviews

Updated Jul 27, 2021

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Found 215 of over 223 reviews

3.8
68%
Recommend to a Friend
70%
Approve of CEO
The Siegfried Group Founder & CEO Rob Siegfried Jr.
Rob Siegfried Jr.
145 Ratings
Pros
  • "Great people, more laid back than Big 4, flexible work options(in 10 reviews)

  • "Work Life Balance much better than Big 4 audit(in 9 reviews)

  • Cons
  • "Work life balance is difficult to manage(in 8 reviews)

  • "On an average about a 100 employees stays on the bench (unassigned) each week which will make you think about your job security(in 7 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee

      great

      Jul 20, 2021 - Associate Manager in Denver, CO
      Recommend
      CEO Approval
      Business Outlook

      Pros

      pays well, good culture, self improvement

      Cons

      clients control everything and polical

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    2. 3.0
      Former Employee, more than 3 years

      Don’t regret it but, don’t recommend it

      Jul 5, 2021 - Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      All the pros are pre-COVID: Pay, incentives, firm events. These don’t exist anymore.

      Cons

      Job instability (people get fired seemingly for no reason), boring client work, no say in projects (can be extended indefinitely even if you ask to roll off after 9-12 months), hours (they push you to bill as much as possible and if the client doesn’t have enough work they expect you to take PTO), do not gain insight into accounting or new skill sets to grow in your career, you are blamed for unreasonable client expectations, directors are SHADY (talk to two different directors and you’ll get two VERY different answers), directors expect you to consult them on your personal life decisions (where you choose lease your apartment/to buy a home)

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      1 person found this review helpful
    3. 4.0
      Current Employee, more than 5 years

      Great place to work to gain exposure to a diverse mix of accounting areas, industries, and projects

      May 5, 2021 - Senior Manager in Washington, DC
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work Diversity Attractive Compensation Overtime bonuses Fun Culture & Events

      Cons

      Not much diversity in leadership Do not necessarily get the option of choosing projects that align with interests Not many resources that are recycled so usually are starting new engagements with no tools, guidance, or templates. It is a very figure it out and start from scratch approach. Not much technical training or development

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      4 people found this review helpful
    4. 5.0
      Current Employee

      n/a

      Jul 15, 2021 - Senior Associate in Atlanta, GA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      they allow flexibility and multiple experiences.

      Cons

      not many cons that I can think of

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    5. 5.0
      Current Employee

      Love it!

      Jul 2, 2021 - Senior Associate in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good incentives and business culture.

      Cons

      No cons at the moment.

      1 person found this review helpful
    6. 5.0
      Current Employee, more than 5 years

      Numbers don't lie!

      Apr 27, 2021 - Senior Manager in Atlanta, GA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I know there is a lot of negative chatter on Siegfried's Glassdoor page, but it does not reflect the reality of working here for the vast majority of people. It's by no means perfect, but I'm an accountant and the numbers don't lie: - Average hrs./wk. = 48 - Average bonuses = 40-50% each of the last 4 years - AVERAGE RETENTION ~ 5 years - Average project length = 6-9 months - Average firm growth over last decade ~30%/yr. - Vacation = 5+ weeks, holidays = 2 weeks The total compensation is well beyond what you will make staying in Big 4, or going into industry and chasing a higher salary. Plus, the compensation growth here far exceeds what you'd see in industry. Don't chase a higher base salary in industry because the salary + bonuses here will well exceed your all-in comp. elsewhere, and you're salary will ultimately end up much higher at Siegfried as you can expect 6-12% increases every year. The hours and work/life balance are way better. Like way better. It's a real 48 hour avg. week. No eating hours, no staying and just waiting until your Partner leaves, no logging on to answer emails but not booking the time. Some projects are more hour intensive, but you can ask not to be on those as someone else will happily raise their hand to take it on since Siegfried pays overtime. The work is in fact interesting and challenging, at least as far as accounting/finance goes. I know people complain on here that projects can be mundane, but the reality is that accounting isn't the sexiest career. So, sure you can get financial reporting or technical accounting projects, but that is no different than Big 4 or industry. The nice thing here is that you have input into what projects you get on, you get variety, and probably 60-75% of them are pretty exciting, i.e. Acquisitions, IPOs, Divestitures, System Implementations, FP&A, or critical value-add projects. There will always be the 3 month projects that need an interim Manager of Financial Reporting, but just take it as an opportunity to learn a new industry and client, gain that skillset, and thank you lucky stars that you didn't decide to go into industry where you would be stuck on that path month after month, quarter after quarter, year after year. If you are into it, there are some really cool leadership opportunities, and extra curricular activities you can get involved in. All in all, the retention tells the story. People wouldn't stay here on average 5 years unless it was significantly better all around than Big 4 Audit/Advisory (avg. 2.5 years retention) and industry roles (avg. 3.5 years retention). There are others that are trying to emulate Siegfried's model, some do it better than others, but I've explored most and I don't think that anyone has the full package like we do here.

      Cons

      There are a few: - You get input on your projects, and you actually get to raise your hand and clear yourself for a project before you're ever even considered for it, but they won't let you cherry-pick what you want. You can't just say I only want to see IPO or M&A. You have to be open to most projects. If there is a reason you don't want to do something like you've just finished a similar project, you won't be challenged by something, or you've spent a lot of time in that industry, nobody minds if you turn it down. - Compensation is variable. The overwhelming majority of people make between 30-60% bonus. But that's a big range. If you live like you're going to make 30% and the rest is just icing on the cake, it's a really nice compensation model. - Lot's of extra initiatives. There is recruiting, personal/professional development, continuing education, the list goes on. They want people who are excited about bettering themselves. People paint a ridiculous picture here that you need to be a recruiter, you don't. But the firm is growing at a rapid pace and they value people, and pay them, if they want to get involved in that type of stuff. For some people it's great, for some people it's just fine, but if you really want to just be a heads down accountant and not interact with the team or the firm, it's probably not for you. Honestly, it's a lot of the stuff you do at Big 4, but Siegfried pays you to do it. - It's not a 9-5. You will work 45-52 hours most weeks. That's really light for many in this field, but it's not a 9-5. I think that keeps it interesting, I'd be bored with 40 hr/wk if that really exists, but it's not for everyone. - They won't let underachievers and poor performers just stay comfortably. I'm sure you've seen people in Big 4 that you've dreaded working with because they're terrible team players and they can't do anything right. Those people won't last here. I think that's a pro, but it's a con if you're bad!

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      4 people found this review helpful
    7. 1.0
      Current Employee, more than 5 years

      Stay away - false promises, fake leadership.

      Apr 22, 2021 - Professional Resource 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      If you are willing to work around the clock, you get incentivized, Down side is no personal life.

      Cons

      You are constantly pressured to recruit to a point that does not feel natural. Management profits are driven by their recruiting targets and they even tie raises to your recruiting efforts. They pay large incentives for referrals. Unless you want to be a part time recruiter, stay away. Projects are presented as opportunities, under the promise of interesting work. Truth is projects are mundane and don’t allow you to expand your skill set. When you ask to be rolled off a project, leadership gives you excuses as to why you should stay just so that they can maximize profits. Resources are assigned based on availability and not on strategy. Work life balance is non existent. If you don’t lean into their cult, you are not considered for any opportunities, Siegfried advertises MyJourney, as something special. It really is just a platform for the CEO to brainwash people into his political beliefs. There is a complete lack of diversity and inclusion at the firm.

      5 people found this review helpful
    8. 5.0
      Current Employee

      Great company and culture

      May 19, 2021 - Social Media and Digital Marketing Intern in Wilmington, DE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      people that support and build you up

      Cons

      I have nothing but good things to say about Siegfried.

      1 person found this review helpful
    9. 1.0
      Former Employee, more than 1 year

      I gave up on expecting leadership to be good leaders

      Jun 7, 2021 - Associate Manager in San Jose, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting projects half the time.

      Cons

      Leadership…especially in California. I’ve heard so many bad things about leadership in LA, San Francisco and San Jose. I thought it was all just gossip until I experienced it first hand. The people that run the markets in the west are awful, inexperienced and full of ego. Not many people stay because of them.

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      3 people found this review helpful
    10. 1.0
      Former Employee, more than 1 year

      Kieth Raniere Meets Public Accounting

      Nov 13, 2020 - Senior Associate in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Better pay than the "Big 4" and incentive comp is lucrative if you embrace the "work life synergy" motto, which is the firm's euphemism for WORK IS LIFE.

      Cons

      There is not enough skin on my fingertips to type out the entire list. In a nutshell, if you have watched "The Vow" on HBO or are familiar with NXIVM or any other self-improvement cult, you have a basic understanding of the Siegfried culture. The firm is literally based on the same structural format as follows: The CEO/founder is a narcissistic sociopath, and his brainwashed cronies speak of/treat/worship him like "vanguard". Get comfortable with being uncomfortable, a phrase repeatedly used and hammered into your brain from the moment you arrive at orientation. They filter out anyone with half of a spine during the interview process because their goal is to recruit people who are willing to do ANYTHING that is asked of them. Expectations are roughly 50 hour per week minimum billable hours year-round. If you don't spend the rest of your free time at firm events or working on recruiting efforts/ completing firm homework tasks (yes homework that factors into you rating and bonus), firm leadership will recognize that you are not "leaned in" to the Siegfried model and get rid of you even if you perform well on client engagements. I thought I was miserable in audit, but towards the end of my tenure here I experienced the absolute rock bottom of job/life satisfaction.

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      25 people found this review helpful
    Viewing 1 - 10 of 215 Reviews

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