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Charles River Development Reviews
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    Charles River Development Reviews

    Updated 11 December 2018
    197 reviews

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    3.2
    StarStarStarStarStar
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    Recommend to a friend
    Approve of CEO
    Charles River Development President and CEO Peter Lambertus
    Peter Lambertus
    104 Ratings

    Employee Reviews

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    Pros

    • "Work happens at a good cadence so good work life balance" (in 17 reviews)

    • "Charles River is a good place to work with some very smart people" (in 29 reviews)

    Cons

    • "no work from home option at all (specially in operation team)--- why not have same policy for everyone" (in 17 reviews)

    • "Just forget about your work/life balance, social life" (in 10 reviews)

    More Pros and Cons

    1. Helpful (3)

      "Decent Company to work for."

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Approves of CEO

      I worked at Charles River Development full-time

      Pros

      Growing company, overall good company

      Cons

      Some managers/Team Leads have zero leadership skills to become Team Leads, no freedom at all to work independently so much micro management. Not only work has to done but it has to be the way your team lead thinks is the right way (which is always wrong). Zero leadership skills. Some team leads dont even know how to communicate things micro management is their top priority. If anyone in the team complains about anything or try to share their thoughts with the management, they are kicked out of the company. seriously.

      Advice to Management

      Give proper training to Team Leads to become better managers.

    2. "Implementation Consultant"

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

      I have been working at Charles River Development full-time

      Pros

      Stimulating, challenging work. Experience across all security types, investment strategies, and firm types.
      Ability to work remotely.

      Cons

      Lack of information organization within professional services.

      3. Join the Charles River Development team
      See Our Latest Jobs

    3. Helpful (1)

      "Principal Software Engineer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Anonymous Employee
      Current Employee - Anonymous Employee
      Doesn't Recommend
      Positive Outlook
      Disapproves of CEO

      I have been working at Charles River Development full-time

      Pros

      Best place for gaining domain expertise in trading
      Decent pay and 401k
      Stable product and no budget issues
      Process oriented and sticks to it fiercely

      Cons

      Career stages are not well defined
      Tech leads are absolute decision makers like it or not.
      It's all about pleasing the tech lead, disagreeing can get you fired.
      If your performance review reads "meets expectations", you will get 60% of the bonus.
      Outdated tech stack, product not easily flexible for any new adaptation
      No WFH, mandatory 45 hrs work week.
      Developers are QAs and vice-versa.

      Advice to Management

      Good technical talent necessarily does not translate to good managers
      Implement one up reviews
      State Street acquisition is a silver lining that time will tell.

    4. Helpful (1)

      "The most diabolically evil place I have ever worked"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Burlington, MA (US)
      Former Employee - Anonymous Employee in Burlington, MA (US)
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Charles River Development full-time (More than a year)

      Pros

      Smart colleagues, that is about it.

      Cons

      - Mandatory overtime. 45 hours per week.
      - CEO is a jerk, and he makes sure to hire managers who are the same.
      - Management by intimidation, threat, and fear.
      - Constant eavesdropping and micromanagement.
      - Forced overtime.
      - It made me physically sick to work there.
      - God help you if you go to the cafeteria for lunch, take a walk, or use the onsite gym.
      - Continual and rampant firings.
      - Two-faced Team Lead.

      Advice to Management

      I hope you pay for the harm you have caused, and continue to do.

    5. Helpful (1)

      "Product Specialist"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Product Manager
      Current Employee - Product Manager
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Charles River Development part-time (Less than a year)

      Pros

      Nice colleagues, flexible working environment, caring supervisor

      Cons

      Not any cons from my perspective

    6. Helpful (2)

      "Great Place to Work"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee in Burlington, MA (US)
      Former Employee - Anonymous Employee in Burlington, MA (US)

      I worked at Charles River Development full-time

      Pros

      Friendly coworkers, room to advance, and fresh fruit everyday

      Cons

      Expected to work hard and sometimes over the traditional 40 hours a week

      Advice to Management

      Be more direct in criticism

    7. Helpful (5)

      "Not the place to go for modern technology"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Senior Engineer
      Current Employee - Senior Engineer
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I have been working at Charles River Development full-time

      Pros

      High proportion of intelligent co-workers
      Good base salary

      Cons

      Technology is incredibly out of date with no appetite from senior management to address it
      Lack of flexible hours. 45 hours with little tolerance to flex hours for one off reasons
      No work from home.
      Tons of process which has been grown to compensate for antiquated technology
      No career advancement.

      Advice to Management

      Allow work from home. Update technology

    8. Helpful (2)

      "Senior Product Specialist"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Senior Product Specialist in Burlington, MA (US)
      Former Employee - Senior Product Specialist in Burlington, MA (US)
      Recommends
      Negative Outlook
      Disapproves of CEO

      I worked at Charles River Development full-time (More than 3 years)

      Pros

      Good exposure to investment management domain
      Well defined agile process
      Great peer knowledge
      Decent 401K

      Cons

      Low pay
      WFH highly discouraged
      Job insecurity at higher position
      Difficult to move around within org

    9. Helpful (3)

      "Hurry Up and Wait"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Former Employee - Anonymous Employee
      Former Employee - Anonymous Employee
      Doesn't Recommend
      Negative Outlook
      Disapproves of CEO

      I worked at Charles River Development full-time

      Pros

      Plenty of smart people around.

      Cons

      No one has the authority to make the smallest decision. No communication from CEO or executive team about the company. The culture is terrible.

      Advice to Management

      Any advice left here would never be considered so I won’t waste the time.

    10. "Director"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Comp & Benefits
      • Senior Management
      Current Employee - Director in Burlington, MA (US)
      Current Employee - Director in Burlington, MA (US)
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Charles River Development full-time (More than 10 years)

      Pros

      Interesting products, smart people, good comp, great industry

      Cons

      Resulted expected, not a good place for people that want to coast