PFM FAQ

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

17 English questions out of 17

29 October 2018

Does PFM offer unlimited holiday?

Pros

Unlimited PTO, but it was implemented with less than 60 days notice to current employees, so everyone lost the vacation days they had saved up without receiving payouts. Implemented Dec 2017, but the notice to current employees came out in the 2nd week of Nov 2017 and many Managing Directors across the firm rejected employee's requests for PTO before Dec 1.

Cons

The quality of the consulting product is questionable. Certain consultants produce a predetermined narrative for clients regardless of what the actual data shows. There is a specific project manager who creates an extremely hostile work environment for all the women in MBC, people of color, and gay men. He takes credit for others' work and got promoted meanwhile half a dozen people who have done work for him have been fired or left the firm in the last 3 years. There are numerous managers who focus only on bringing in business and then harass analysts and less tenured consultants to do all the work and blame them if the slightest thing goes wrong. There have not been substantial or robust quality controls process put in place after a recent Washington Post article identified a major mistake that PFM made for a county government client. The managing directors play favorites with certain project managers and analysts and allow certain employees to leave early while requiring everybody else to stay from 9AM to 6PM (or sometimes later!). MBC demands long hours and there are stretches of weeks where you will work multiple hours during late nights and weekends. The compensation is well below peer consulting groups. The Human Resources at PFM is a joke -- they don't know what's going on with any of the managing directors or directors and they can barely handle compensation, benefits, and recruiting. MBC pretends to be a group of professionals who treat everyone fairly and kindly, but the reality is that they are nice to your face and then denigrate you behind closed doors. The open office layout does not foster collaboration--you can go an entire business day and speak to no one. You have no privacy and for someone as experienced as I was, it was embarrassing to have a desk and computer screen that faces senior management. PFM as a whole is very top heavy, but MBC is ridiculous because there are more than 2 managers for every 1 analyst. The result is consultants and project managers end up doing analyst level work.

Advice to Management

Stop firing everybody like we saw in 2017 and 2018. Stop lying to employees that you focus on career development and offering opportunities for advancement when you don't. Stop treating women, people of color, and gay employees like they are inferior to the old boys club. Stop spending lavishly on updated buildings, worthless branding campaigns and hired models for the PFM website. Stop with the sport events/golfing with clients. Stop playing favorites and stop working people 60 hours a week on a regular basis while paying well below market rate. Stop ignoring the negative reviews -- PFM is NOT one of Philadelphia's best places to work. There are so many employees that have left in less than two years. HR claims to read these reviews and feedback from other annual surveys, but they are incapable or unwilling to make significant improvements.

Unlimited PTO, but it was implemented with less than 60 days notice to current employees, so everyone lost the vacation days they had saved up without receiving payouts.

29 October 2018

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23 February 2019

How are the career development opportunities at PFM?

Pros

Good exposure to the financial world. Learn many transferable skills on the job. Allows you to build a network. Many great meaning people are willing to help you learn. can be a fun and comfortable environment.

Cons

Top management is very frugal and old fashioned, mostly concerned with finding ways to cut costs and increasing profits without regard to lower level employees. Extremely high turnover as a result; estimate roughly 80% of new hires leave after two years. Career advancement is very arcane; vague feedback is given to employees creating a very confusing promotion system. Would not recommend staying longer than two years.

Advice to Management

Stop being so cheap. Recognize and reward talent when you have it versus constantly training replacement analysts

Career advancement is very arcane; vague feedback is given to employees creating a very confusing promotion system.

23 February 2019

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21 October 2019

What kind of career opportunities exist at PFM?

Pros

Fantastic co-workers, great opportunity to grow and learn, unlimited PTO/sick time if used responsibly, work from home after a few months, free coffee and snacks

Cons

Terrible training program, poor or conflicting information at times, lackluster program implementation, general lack of support from managers

Advice to Management

Develop a training program, provide better feedback and communication to employees, standardize procedures

Fantastic co-workers, great opportunity to grow and learn, unlimited PTO/sick time if used responsibly, work from home after a few months, free coffee and snacks

21 October 2019

See answer

25 August 2018

What is the feeling of job security at PFM?

Pros

Job stability. Recession-proof company. Good benefits. You will be successful in your job as long as you timely attend countless meetings, dutifully fill out status reports, and breathe. Competence is defined by being able to find someone else who can actually solve a pressing problem - that’s taking charge! If they fail - sternly commit to getting to the bottom of things, and you are off the hook! Fantastic place to while away your time until retirement, with bonus points for not being troubled by having to learn anything new too often.

Cons

None that I can think of! This is a finance company that does not have the slightest clue about technology. Use it to your advantage.

Advice to Management

Your management of IT is incompetent, but since tour business is not really dependent on it, you haven’t even noticed it.

Job stability.

25 August 2018

See answer

29 October 2018

How are senior leaders perceived at PFM?

Pros

Unlimited PTO, but it was implemented with less than 60 days notice to current employees, so everyone lost the vacation days they had saved up without receiving payouts. Implemented Dec 2017, but the notice to current employees came out in the 2nd week of Nov 2017 and many Managing Directors across the firm rejected employee's requests for PTO before Dec 1.

Cons

The quality of the consulting product is questionable. Certain consultants produce a predetermined narrative for clients regardless of what the actual data shows. There is a specific project manager who creates an extremely hostile work environment for all the women in MBC, people of color, and gay men. He takes credit for others' work and got promoted meanwhile half a dozen people who have done work for him have been fired or left the firm in the last 3 years. There are numerous managers who focus only on bringing in business and then harass analysts and less tenured consultants to do all the work and blame them if the slightest thing goes wrong. There have not been substantial or robust quality controls process put in place after a recent Washington Post article identified a major mistake that PFM made for a county government client. The managing directors play favorites with certain project managers and analysts and allow certain employees to leave early while requiring everybody else to stay from 9AM to 6PM (or sometimes later!). MBC demands long hours and there are stretches of weeks where you will work multiple hours during late nights and weekends. The compensation is well below peer consulting groups. The Human Resources at PFM is a joke -- they don't know what's going on with any of the managing directors or directors and they can barely handle compensation, benefits, and recruiting. MBC pretends to be a group of professionals who treat everyone fairly and kindly, but the reality is that they are nice to your face and then denigrate you behind closed doors. The open office layout does not foster collaboration--you can go an entire business day and speak to no one. You have no privacy and for someone as experienced as I was, it was embarrassing to have a desk and computer screen that faces senior management. PFM as a whole is very top heavy, but MBC is ridiculous because there are more than 2 managers for every 1 analyst. The result is consultants and project managers end up doing analyst level work.

Advice to Management

Stop firing everybody like we saw in 2017 and 2018. Stop lying to employees that you focus on career development and offering opportunities for advancement when you don't. Stop treating women, people of color, and gay employees like they are inferior to the old boys club. Stop spending lavishly on updated buildings, worthless branding campaigns and hired models for the PFM website. Stop with the sport events/golfing with clients. Stop playing favorites and stop working people 60 hours a week on a regular basis while paying well below market rate. Stop ignoring the negative reviews -- PFM is NOT one of Philadelphia's best places to work. There are so many employees that have left in less than two years. HR claims to read these reviews and feedback from other annual surveys, but they are incapable or unwilling to make significant improvements.

The result is consultants and project managers end up doing analyst level work.

29 October 2018

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17 English questions out of 17