Duff & Phelps

www.duffandphelps.com
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Employee Reviews

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  1. 2 people found this helpful  

    Make your own way

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Duff & Phelps

    Pros

    With some effort, patience and skill, there are doors that open at Duff and Phelps, and you have flexibility to create your own work environment

    Cons

    Transitioning from a good analyst to a good manager to being good at business development. The transition is necessary in order to progress, but it is not easy.

  2. 1 person found this helpful  

    Huge turnover of employees with no promise for a future.

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

    I worked at Duff & Phelps as a contractor (less than a year)

    Pros

    Friendly people and a nice working environment.

    Cons

    No positions available for none cash generating positions. Long hours for all employees.

    Advice to ManagementAdvice

    Give good workers a chance to advance and offer them benefits.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    D&P

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

    I have been working at Duff & Phelps full-time (more than 5 years)

    Pros

    The people are the best thing about the company which being that the company is a consulting firm, is no real big surprise. The work is also very interesting and helps lay a great foundation of technical skills.

    Cons

    The organization is a little siloed and when chasing new deals, there seems to be a lot of angst about helping peers. This is almost detrimental to the ability to land new jobs. The compensation plan of management encourages this behavior.

    Advice to ManagementAdvice

    Focus on removing the silos and foster a culture that encoruages working intra and inter divisions.

    Recommends
    Neutral Outlook
    No opinion of CEO
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  5. 2 people found this helpful  

    If you care about your career, don't work here. If simply need any job you can get, well then go for it.

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

    I have been working at Duff & Phelps full-time (more than a year)

    Pros

    There are some good people working at Duff...that's pretty much it.

    Cons

    Insufficient training
    Uncaring leadership
    Random rounds of layoffs
    Lots of in fighting
    Lots of favoritism
    Under development of junior staff
    Terrible bonuses
    Average base pay
    Zero work-life balance
    Performance management process is a joke.
    No modeling for juniors until 2+ years at the firm.
    Formatting things until your hands begin to cramp.
    People stealing credit for your work.
    Cliques are everywhere.
    You cannot trust anyone because almost everyone gossips.

    Advice to ManagementAdvice

    Pay should equal effort. Stop lowballing employees.

    Encourage senior staff to be more engaging with junior staff.

    Stop trying to motivate employees thru promises of good bonuses. The bonuses never live up to the hype.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    DP

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Duff & Phelps full-time (more than 5 years)

    Pros

    Good learning experience for college grads

    Cons

    Compensation was not above market for top performers

  7. 3 people found this helpful  

    Never again.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Banking Analyst
    Former Employee - Investment Banking Analyst

    I worked at Duff & Phelps full-time (less than a year)

    Pros

    The admins were cool. All very down to earth.

    Cons

    - The culture was in my opinion, very pretentious (which is surprising because well... its D&P).
    - Expect a bonus that is only 10-20% of what your peers would be getting at top MM firms and bulges... if they screw you more beyond that, it may be close to 5% of what others are receiving.
    - No structure. The training in the boonies of Illinois was a JOKE. I learned nothing sitting with my peers in the Tax, Valuation, Dispute Consulting, Transfer Pricing... etc. How do they expect to properly train employees in the IB practice when we have 2 weeks to learn about D&P's laundry list of other practices...
    - You have to study for the series on your own WHILE WORKING 100+ hour weeks. That's right. D&P offers ZERO training or separate time for you to prep for your series exam so expect to be cramming/extremely tired your first 3 months on the job studying and working simultaneously. You have to take both the series 79 and 63 and after a few more months... the series 7 as well.
    - If you want to work on M&A, this is not the right firm. If you want to scrub comps, work on Salesforce (looking up contact information and data entry) and pitch all day and all night, this will be the right firm for you.
    - Aside from training being unstructured, the analyst program itself is unstructured, as well as, the firm. Because the firm is trying to compete with bigger banks, a lot of investment is going into building an FSG practice. What does that mean for analysts? SALESFORCE ALL DAY, ALL NIGHT. Expect to become an expert at looking up addresses, phone numbers, websites, port cos, etc. It will make you question why you went to a university in the first place.
    - Have you ever heard about a bank that offers $25 of dinner meal reimbursements but yells at you for eating $20-25 meals? I didn't until I worked at D&P. I can't count how many times MDs have pulled me into their office because my meals were "too expensive." Maybe they should reconsider working me to the ground before complaining to me about my dinner expenses.
    - If you want to work yourself to the ground, while not getting paid appropriately for the hours and having to be cognizant about your dinner expenses at chipotle AND have no exit opps when you try to leave, by all means-- this may be the place for you!

    Advice to ManagementAdvice

    If you want to compete with bigger banks, I suggest you start paying employees like they work at bigger banks and giving them similar perks.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Decent work/life balance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY (US)
    Current Employee - Director in New York, NY (US)

    I have been working at Duff & Phelps full-time (more than a year)

    Pros

    decent work /life balance here

    Cons

    company is poorly run - too much fighting amongst groups over who gets the revenue versus actually maximizing revenue for the firm

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 3 people found this helpful  

    Great Place to Learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Associate in Chicago, IL (US)
    Former Employee - Senior Associate in Chicago, IL (US)

    I worked at Duff & Phelps full-time (more than 3 years)

    Pros

    I worked very hard, spent many hours in the office with tight deadlines... but in the end I wouldn't be where I am without my time at Duff. I am incredibly grateful for my experience and would recommend it to anyone looking to tee-up a rewarding career in finance.

    Cons

    Lots of hours, but if you get the hours it means you are good. Just push through it!

    Recommends
    No opinion of CEO
  10.  

    Solid and Growing Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in New York, NY (US)
    Current Employee - Director in New York, NY (US)

    I have been working at Duff & Phelps full-time (more than 3 years)

    Pros

    Duff & Phelps is a growing business with several service lines that are, or are shortly posed to be, the market leader. The firm still thinks of itself as a mid-market investment banking firm, but the reality is that it can provide financial advisory in a multitude of areas, most of which are growing rapidly. It's very nice never to worry about job security

    Cons

    Duff is less prestigious than a big investment bank, and they pay is going to be lower at most levels below Managing Director. The banking group still dominates the firm, but the real value to the firm lies outside of M&A.

    Advice to ManagementAdvice

    Get rid of compensation groups within service lines, so that people can bring in business into any service line.

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Good work life balance but not great pay

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

    I have been working at Duff & Phelps

    Pros

    Good work life balance and somewhat interesting work

    Cons

    Below average compensation and poor management

    Advice to ManagementAdvice

    Pay junior people more

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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