Ipreo Employee Reviews about "high turnover"

Updated 30 Mar 2018

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3.6
67%
Recommend to a Friend
88%
Approve of CEO
Ipreo CEO Scott Ganeles
Scott Ganeles
244 Ratings
Pros
Cons
  • "The one thing I have noticed is that there is high turnover(in 23 reviews)

  • "Long hours without great processes or transparency(in 16 reviews)

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Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

Reviews about "high turnover"

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  1. Helpful (1)

    "Good place to start"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Intern 
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Ipreo part-time for less than a year

    Pros

    Ipreo is a good place to start after college. You learn a lot about the financial world. The work place culture is decent and the people are pretty nice. The work/life balance is probably the best part.

    Cons

    The one thing I have noticed is that there is high turnover. It seems difficult to move up in the company. There is some favoritism. Also, the entry level pay is definitely below the market average.

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  2. "Great company for high growth and direct client exposure"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee -  in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Ipreo full-time for more than 10 years

    Pros

    - Executive interaction and transparency - Ability to contribute to company growth - Direct client interaction and seeing work incorporated into high level decision making - Generally favorable hours - Friendly laid back work environment

    Cons

    - Compensation severely lacking for first few years. There is an opportunity to make a decent salary, but few stay long enough to realize that. - Despite a growing company, most employees do not get to reap benefits, which go directly to executives and owners. - Difficult to always hear how great the company is doing if that does not lead to any benefit of broader employees, even high performers. - High turnover among junior analysts driven by the low salary and occasional high workload demands. - Despite claiming to be, promotions generally are not merit based (tenure). - Lack of clear advancement opportunities or career path. - Complacent attitude toward underperforming employees and teams.

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  3. Helpful (10)

    "Analyst"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     in Raleigh, NC
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Ipreo

    Pros

    Collaborative culture, open floor plan, international offices, loyalty to community engagement projects

    Cons

    Low compensation, no career progression available, high turnover, "fraternity" mentality among managemet

  4. Helpful (14)

    "Great place to start; get out when you can"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Analyst - GMI 
    Doesn't Recommend
    Disapproves of CEO

    I worked at Ipreo full-time for more than 3 years

    Pros

    Great place to start first year out of college if you're interested in capital markets. You learn a lot very quickly. The office has an open floor plan which is nice because you can hear other people and learn from them. Also the co-workers you work with are great. Very young and vibrant people that are also recent college grads. Market holidays and 20 days vacation is nice (if you can manage to take them during the year)

    Cons

    As an analysts you are forced to spam clients with updates on their stock. You are also required to do mundane deliverable reports that say the same thing week to week and are filled with educated guesses. Also in my pro that you learn a lot very quickly it is because you usually end up covering your bosses clients so that way "they can oversee the team" when really it lessens their responsibilities so they can enjoy more time off and less time helping you with client workload. Also they want you to get up to speed so quickly because there is such high turnover and instead of fixing the problem internally they try and cover it up to clients so their isn't an interruption in service. Also good luck getting a director that actually steps in to help you out. Most turn a blind eye that analysts stay in the office until 8 pm sometimes or that they come in on Sundays. Hard work IS NOT rewarded because you get promoted at the same time as everyone else no matter how lacking some of your peers are. Like similar reviews most of the directors/upper management are basically a boys club and they make sure you know it. Also because of the structure good luck getting promoted beyond senior analyst within 10 years. It is almost like they want everyone to get promoted at a snails pace because that means they would have to pay more and don't have your hope set on director anytime soon because they don't just let anyone into the club. You are required to work investment bank hours sometimes but you're paid so below market average but then again you rather be at work until 8 hating your life then living at your mom's house.

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  5. Helpful (13)

    "Just another family buisness"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Sales Manager in China, ME
    Doesn't Recommend
    Negative Outlook

    I worked at Ipreo full-time for more than a year

    Pros

    Good People, peers are friendly

    Cons

    Management is very short sighted, and Asia pacific office is being heavily neglected. High turnover

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  6. Helpful (13)

    "Software Developer"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    I have been working at Ipreo full-time

    Pros

    Good people to work with. Good products. Cutting edge technology, you will learn a lot. Decent benefits.

    Cons

    Used to be a good place to work in, but not lately. A lot of pressure for what you get paid, a lot of IT outsourcing. Quarterly reviews are joke. A lot of good/smart people either were let go or left company. High turnover. Lately there has been changes in management and not in the good way. There is new strategy to change the culture in the company, but it has been mostly talking with no action, new management does not know what they are doing.

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  7. Helpful (12)

    "Icompliance Analyst"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I have been working at Ipreo full-time for less than a year

    Pros

    Good entry-level position for people interested in capital markets

    Cons

    very high turnover, pressure from management, no reward and no acknowledgement. Women and minority struggle for real in this place! Brown nosing is quite obvious. I have seen I have seen 5 people leaving in my team in less than a year, so we are always hiring

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  8. Helpful (8)

    "Disappointed Analyst"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Product Analyst 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Ipreo full-time

    Pros

    Great place for students right out of college, 20 PTO days. Most people leave after 1-2 years.

    Cons

    Long hours, low pay. Nepotism in the workplace. High turnover rate. Employees are not recognized and disregarded. Management can hire people in Raleigh for lower salary.

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  9. Helpful (8)

    "OK at best"

    2.0
    Senior Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Ipreo

    Pros

    - There are some nice, friendly and helpful people - A stepping stone in your career before getting a real Wall Street job

    Cons

    - The salaries are extremely low - HIgh turnover - Meager salary increases and yet you have to listen to the out-of-touch CEO hear how well the company is doing. - Limited growth potential within the company.

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  10. Helpful (8)

    "Spare Yourself - Better Options Exist"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Ipreo

    Pros

    There are some intelligent, pleasant people to work alongside. Good location in downtown Raleigh. Decent amount of flexibility + work/life balance.

    Cons

    While I acknowledge that I can only speak directly for my department through my experience, I've heard the following sentiments throughout the company: Team leads are not offered training and are thrown into these leadership roles after many years (i.e. 7-8 years before these promotions). The rest of the team members therefore suffer under this ill-advised direction, no professional guidance, and no true advocacy. I asked multiple times about a career path within Ipreo and was always given a wishy-washy and uninspiring response. As a career-driven person, the notion of waiting several years before a promotion was not an option. The truth of the matter is that the higher-ups could care less about the people at the bottom because as far as they are concerned, the labor is inexpensive and replaceable. Because of super high turnover, the remaining employees undergo an intense (and often unrealistic) workload and are not rewarded or appreciated for their contributions. In addition to the weird hierarchical structure, the work itself is boring and stale. The company culture is lackluster. I would stay away from this company unless a) you are directly out of undergrad, b) LOVE finance and wish to use this as a stepping-stone to something better, or c) are totally desperate.

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