MarketsandMarkets FAQ

All answers shown come directly from MarketsandMarkets Reviews and are not edited or altered.

See questions about:

(select only 1)
Career Development
Compensation
Coworkers
Culture
Management
Senior Leadership
Work Life Balance
Workplace

2 English questions out of 2

30 August 2019

How are senior leaders perceived at MarketsandMarkets?

Pros

Good Salary, gets credited on first of every month. One of the best pay masters I have come across Good research coverage in chemicals industry.

Cons

They claim they have served over 7500 clients (this includes clients who gave even $50 business). Their annual subscription clients are less than 60 and they call themselves 'Worlds Largest Revenue Impact Company'! Worst company culture. The COO - Shelly Singh doesn't belong to management consulting background and has no idea how to run business. He is known for his irresponsible behavior during review calls and fired almost everyone who has a difference of opinion. I'm talking about VPs and Directors with over 20 years of experience. He got his followers from MuSigma with whom he plays favoritism. Manipulates deals. The product is good in terms of it's research breath. No depth. This is why the clients do not see their ROI and do not subscribe Absolutely no standardization, no SOPs, no sales, research or Strategy playbook. Stay away from this company as it will make you stuck and redundant by paying good salary. Most companies do not hire when you come from MnM background. They have a clause in the agreement which will avoid you from working with any research/consulting firm in Pune and across country. Idiots! I have never seen the CEO or leadership team emphasizing on employees personal life balance. But the CEO is a phenomenal achiever - I'll give you that! Heavy micromanagement. No WFH.. Compulsory clocking of 9 hours (strictly not more than 1 hour break). No recreational activity. They have biometric even in canteen - beat that! Go to their LinkedIn profile and see if they have ever spoke about life at MnM or events for employees. The average tenure of the leadership team and middle management is less than a year. Now you know what kind of culture I'm talking about!

Advice to Management

You have great potential of becoming one of the best research and management consulting company if you can focus on eliminating the cons. Streamline your top order. Get leaders not bosses. Be open to learn and grow I genuinely would like to see this company flourish.

I have never seen the CEO or leadership team emphasizing on employees personal life balance.

30 August 2019

See 18 more answers

31 August 2019

What are some insights into the strategy or vision at MarketsandMarkets?

Pros

1. Flexible timings 2. Parking reimbursement

Cons

Have some patience to go through it. I assure you it would be worthy. 1. It's a huge bubble which punctured and symptoms are visible since past couple of years. For example, majority of its reports being published are duck which is it's core business. 2. In Job Description (JD), KPIs will be simple (probably same as usually it happens for a role in Market research industry), interviews will also be on the same line as mentioned in JD (for example, for senior analyst role you will be asked questions which are usually asked in the market research industry), but after joining you will come to know that your role and KPIs are changed and irrespective of your designation, you will be asked to do sales (directly indulge in pitching and selling reports on which you are working). Their expectation is also that you sell the report to companies with whom you are conducting primary interviews. So, be careful while being interviewed for any role in this company and if possible, kindly record the interview. 3. Every three months, you will be assessed on the volume of sales you or your team has done, and accordingly higher management will change the strategy. During this course, you will come to know that "Ahhh! my job was to sell. Report writing was just a process I followed which didn't require my expertise at all". 4. Drinking is a MUST criteria if you want to grow in this organization. If you are ready to spend some 4 - 5 thousand bucks every weekend, rest assured you will get special coverage by your managers. 5. HR and other supporting staffs are just for the sake of being there. If anyone gets promoted to higher level in these departments (HR, PMO, Accounts etc.), he/she will also come under scanner and will be asked to do sales (because he/she will draw higher salary now). 6. There is a proprietary tool they have created which they call it a "Revenue intelligence tool" which has nothing to do with intelligence and revenue. It is just a repository of all the reports published since inception of this company. Although, they have positioned it as a panacea of every problem Organizations face in terms of strategy making, but by now, almost every client of this company has understood that it's just a wastage of money and time. 7. As a new joinee, you will always be clueless and find yourself in the mid of quagmire. YOU WILL HAVE TO SEARCH FOR ANOTHER JOB SINCE THE DAY YOU WILL JOIN THIS COMPANY. I may sound rude, but this is the reality. 8. All the good reviews you will go through about this company are actually written by new joiners and directed by the company to write good stuffs. It's again in their KPIs for sales.

Advice to Management

Please don't believe in abracadabra and try to develop some learning capabilities. Just pushing everyone to do sales is not a solution.

Although, they have positioned it as a panacea of every problem Organizations face in terms of strategy making, but by now, almost every client of this company has understood that it's just a wastage of money and time.

31 August 2019

See answer

2 English questions out of 2