The Siegfried Group Reviews | Glassdoor

The Siegfried Group Reviews

Updated February 20, 2017
106 reviews

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Full-time Part-time

3.1
Star Star Star Star Star
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The Siegfried Group Founder & CEO Rob Siegfried Jr.
Rob Siegfried Jr.
82 Ratings

106 Employee Reviews

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Pros
  • Good Company with great pay and incentives (in 6 reviews)

  • I met lots of great people while there (in 5 reviews)

Cons
  • Their sweet spot is people just out of Big 4 who couldnt handle the pressure (in 5 reviews)

  • leadership team are YES men and you only get ahead if you sip the same kool-aid (in 4 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (6)

    "Great community, high expectations"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Jose, CA
    Current Employee - Anonymous Employee in San Jose, CA
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Great place to stay well-rounded (learning and developing skills) and expand professional network given the nature of the client service business model, especially when deciding which path to pursue with an Accounting/Audit background. Projects are wide-ranging and generally last around a year. Company places value in putting in time (outside of work) for personal/leadership development. Generally speaking, everyone is very friendly and social. Employees are highly ambitious, but not overly competitive among each other. Small company feel. Occasional get-togethers for happy hours or weekend events.

    Cons

    It requires a lot of flexibility, both in terms of workload (some projects can require 50+ hours a week) and type of work. In the Bay Area, or anywhere that the local potential client base stretches out, commute time could be hard. Not recommended for anyone that knows exactly what industry or type of work they want to do and does not want to try anything else.

    Advice to Management

    If the types of roles that were brought on for employees took into consideration (more often that currently takes place) what the employees were interested in, it would go a long way in job satisfaction.


  2. "Unique Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in Philadelphia, PA
    Current Employee - Senior Associate in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    At The Siegfried Group you work on a client to help them with their projects. The focus is to help our clients by providing them with exceptional resources (our people) to provide value to their team. I enjoy getting to work alongside our clients and see how my different viewpoints can positively shape the experience of my client. Aside from client work, there is a focus on your professional and personal goals and development. We receive a professional and networking allowance annually to use as we see fit to grow and develop. In addition to that allowance there are three development days, conversations with your professional resource director, and team leader to help identify where you are trying to get to and what steps you should take.

    Cons

    The office locations are small because we are out on our clients so it is different than the feeling of a Big 4 environment. However, we have a lot of events in the area to bring our resources together so I never feel like I am alone.


  3. "Great place to work in NYC post public accounting"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at The Siegfried Group full-time

    Pros

    interesting projects, great pay/compensation, cool people...really enjoy it here!

    Cons

    the offices aren't the nicest - there is a bit of an old school feel. things could be updated

    Advice to Management

    keep giving employees the monetary incentives to work hard - it pays off on both ends!


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Great growing experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Manager in Houston, TX
    Former Employee - Associate Manager in Houston, TX
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Salary is well within market if not above market average.
    Allows you to become a true problem solver and consultant.

    Cons

    Projects and assignments can sometimes become mundane.
    Must be willing to engage with clients and network so introverts may not be able to succeed long term.

    Advice to Management

    Keep up the good work and continue to listen to your employees.


  6. Helpful (30)

    "WARNING - DO NOT WORK HERE!"

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

    I worked at The Siegfried Group full-time (Less than a year)

    Pros

    There are very few pros to working at the Siegfried Group, but there is a minuscule chance of getting a travel engagement that actually develops your skills and makes the salary worthwhile.

    Cons

    Where to start with the cons of working at Siegfried... since there are endless things wrong with the company and management, a bulleted list is probably easiest and most reader friendly:

    - "Leadership" (at least in the SJ/SF and LA regions) will consistently lie to your face and gossip. I put leadership in quotes as that is what Siegfried management calls themselves, even though they hardly inspire confidence like true leaders. Be careful of leadership promising you a say in what engagements you are put on because when you actually get there, they will try to force you into any available engagement without considering your career development as they simply want to make money (don't believe the interesting and challenging work or My Journey "promises").

    - If you do speak up and say an engagement isn't right for you they will accuse you of wanting to be on the "bench" and not wanting to work. They will also classify you as inflexible which is something they rate you on in year-end performance evaluations.

    - Leadership is unprofessional in the manner they speak to their resources, including but not limited to: hanging up on you, yelling at you when you do not want to take an engagement, backhanded remarks, and bringing up personal issues such a medical conditions (!) in a negative context instead of being supportive.

    - Do not believe Siegfried when they will say you can get a travel job, which is where you can drastically increase your earning potential. Siegfried actively recruits young professionals from Australia, South Africa and Canada since the company is not respected in the US, and then they get annoyed/surprised when these people all ask for travel engagements, as people on travel engagements get everything paid for, from housing, food, fitness, Ubers, car, flybacks to your local market, etc. and a hefty salary increase. This makes staying in your local market highly undesirable, yet they hire people from outside the US who have limited friends and family in their local market and thus mostly want travel jobs. They then promise travel opportunities to these people, but it really just depends on what market you are in, as slower markets such as Houston and LA will be given the travel jobs since there is no local work, and if you are in a market with a plentiful amount of engagements, such as SJ/SF, you will almost assuredly never get travel.

    - They put on the illusion of being a company that wants to treat you lavishly, but in the West region, they will argue you over the smallest of expenses.

    - The year-end performance evaluations are almost entirely subjective and are extremely bias, with the people who are "in" with leadership receiving all the promotions and high ratings. Their criteria for evaluating you are explained but do not make sense and leadership struggle to legitimately explain why you were rated something. Even if your clients all give you perfect on your reviews (which should be far and above the most important thing), if you rubbed leadership the wrong way, they will find a way to not rate you highly or promote you.

    - This job WILL NOT DEVELOP YOU, as most of the engagements could be done by a first or second year accountant (counting cash, posting a few journal entries, doing basic reconciliations/analytics). Furthermore, other employers will not know who or what The Siegfried Group is when you inevitably leave.

    There are so many more negative things to be said, but without getting too personal I will leave it at that and just warn you to NOT WORK FOR THIS COMPANY. Even with the big bonuses for production (they will likely limit your hours so you can't earn anything or over work you to the point like it's public accounting) and recruiting people (I would hope you would only refer people you don't actually care about), please do not work here as you will regret it!!!

    Advice to Management

    The West region management needs a total overhaul, as they think they are autonomous from the rest of the company. The CEO and other markets preach one mission and vision and leadership in the West (particularly SF/SJ) simply ignore it and try to run their market with different rules that are not what we are sold on in the interview or during orientation/My Journey events.


  7. Helpful (16)

    "Follow the rules and don't make waves"

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

    I have been working at The Siegfried Group full-time (More than 5 years)

    Pros

    Potential to make decent money if you want to sacrifice work/life balance, recruit in more employees, and find clients and work or basically do the job that the BD people are supposed to be doing. while also working at your client. Sometimes if by chance you'll get an assignment that is interesting and different but you normally have very little say into what you'll be doing.

    Cons

    Dealing with the nonsense of internal leadership and I use the term loosely. Most of them are just chasing the whims of the CEO which usually means back-pedaling and trying to explain why the latest directive wasn't properly vetted and is full of holes. Earned bonuses are vested and paid out over extended future months. Commutes and work hours are expected to be long with mandatory personal coaching/pep rally events and other local events added on. Internal leadership is incompetent, condescending and negative. There is a huge internal infrastructure keeping senior leadership happy. Client is always right so if you disagree you must be wrong. Not sensitive to the personal issues of the resource....just keep billing and don't even consider to offer constructive suggestions that internal leadership might be expected to raise to the CEO. They don't want to hear that...if you don't agree with how things are run, you're not a good fit so should probably leave. Don't have an opinion unless it agrees with theirs.

    Advice to Management

    Conduct a true independent evaluation and study of why turnover is about 35- 40% and seriously and aggressively address these issues. Desired growth will not occur with attrition rates at this current level. There are reasons for the revolving "glass door" so stop being stubborn and ignoring the facts. A lack of change in current practices and internal personnel will result in a stagnant and eventually a declining business. Reputation is everything both on the client and especially the personnel side. Trips and money aren't always as important as balance with millennials. People value their free time.


  8. Helpful (17)

    "Potential to be lucrative, but expect to sacrifice career development."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Manager in San Francisco, CA
    Current Employee - Associate Manager in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at The Siegfried Group full-time (Less than a year)

    Pros

    Management has setup a bonus structure based on production, travel, and sales/referrals. If all stars fall into place (I.e. Your client allows you to bill 48+ hours a week, you are a "traveller" who is working on a client outside of you home market, and you are able to hire others on as referrals), the job can be quite lucrative.

    Cons

    Professional development is lacking, as it highly depends on what client you're put on how much you'll continue learning. Base salary is not as competitive as industry standards. Politics play a big role into the job, promotions, etc. High turnover.

    Advice to Management

    Focus less on MyJourney, and focus more time on getting your employees roles at clients that are challenging and enhance career development. Focus less on MyJourney.


  9. Helpful (21)

    "Not a good place to expand your career"

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

    I have been working at The Siegfried Group full-time

    Pros

    The pay can be good

    Cons

    The commute to the few clients the firm has can be long. The hours will be long (expect 50, but it can be worse). The firm turn over is incredibly high (think 35-40% a year). Management is incompetent, and you will lose professional development. This is not a CPA firm, it is a temp agency, that prepares a few tax returns. Do not join the company, find something else.

    Advice to Management

    Be honest, and stop masking MY Journey as anything more than the CEO ranting about his personal experience and political views. It's a waste of everyone's time.


  10. Helpful (4)

    "Senior Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Associate in New York, NY
    Current Employee - Senior Associate in New York, NY
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at The Siegfried Group full-time (Less than a year)

    Pros

    Good opportunities working with great companies

    Cons

    Too much management involvement.


  11. Helpful (3)

    "Great client base and great culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at The Siegfried Group full-time (More than 3 years)

    Pros

    if you want to sit on your but and do the same thing everyday this place isnt for you. Entrepenurial mindset, great bonuses, fun people, fun cutlture, great client base and good projects

    Cons

    political CEO that sometimes pushes his views onto his staff. I have seen the wrong people get promoted internally as well.



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