The Concord Group Reviews | Glassdoor.co.in

The Concord Group Reviews

Updated 18 February 2017
11 reviews

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3.8
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11 Employee Reviews

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  1. "Associate Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant in Newport Beach, CA (US)
    Former Employee - Associate Consultant in Newport Beach, CA (US)

    Pros

    Lots of exposure to Principals, who are all tremendously knowledgeable. Experience with all product types and various aspects of deals.

    Cons

    Do not match 401k. Profit sharing is available but takes 5 years to vest. Otherwise employee benefits are pretty solid.

    Advice to Management

    Matching 401k would be great, especially given lower starting salary.


  2. "Researcher"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook

    I worked at The Concord Group part-time

    Pros

    Flexible, no micromanagement, lots of projects coming through, office snacks

    Cons

    Making phone calls all day, very data-oriented, no team building for part-time staff

    Advice to Management

    N/A


  3. "Great place to work, easy access to management, great colleagues, fun activities"

    Star Star Star Star Star
    Current Employee - Human Resources and Executive Administration in Newport Beach, CA (US)
    Current Employee - Human Resources and Executive Administration in Newport Beach, CA (US)

    I have been working at The Concord Group full-time (More than a year)

    Pros

    Being a small company, you feel like a part of the family when you work here. Upper management treats employees with respect and allows flexibility in our schedules. Location can't be beat - close to the ocean in Newport Beach. Fun events are organized on a quarterly basis, the kitchen is full of snacks and sodas, and everyone gets a birthday party. Overall, a nice place to work.

    Cons

    Due to the small size, there is no real place for advancement.


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  5. "Challenging, interesting job with great learning potential. Occasional long hours but rewarding. Fantastic first job."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in Newport Beach, CA (US)
    Current Employee - Associate Consultant in Newport Beach, CA (US)
    Recommends
    Positive Outlook

    I have been working at The Concord Group full-time (More than a year)

    Pros

    - Extremely interesting job with wide range of product and client types, which prevents staleness and provides an environment that promotes a great deal of learning and creative thinking
    - Constant opportunity to interact with principles with tons of experience who are highly regarded in real estate industry
    - Interaction with clients, both on development and capital side of deals, provides valuable insight to industry and sharpens skill sets that can be used in future professional careers
    - Great work environment promoting collaboration and teamwork; younger employee base with numerous team-building activities that take place each quarter
    - Good bonuses, typically 20-30% of base salary each quarter
    - Ideal location in Newport Beach, less than one mile from ocean

    Cons

    - Nature of consulting leads to constant deadlines that must be managed (usually multiple at a time); can lead to long hours some weeks (40 hours is base, but can climb to 60-80 hours in busy weeks)
    - Pay not as competitive as some other companies that attract similar employees

    Advice to Management

    - Employee retention has been good lately but more frequent salary increases could lead to better long-term retention


  6. "Flexible, Net Positive Experience"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Newport Beach, CA (US)
    Current Employee - Anonymous Employee in Newport Beach, CA (US)
    Recommends
    Positive Outlook

    I have been working at The Concord Group part-time (Less than a year)

    Pros

    Flexible scheduling, lots of autonomy, comfortable office space, free parking, able to take decent lunch breaks, coworkers are all pretty nice.

    Cons

    Not much feedback on how you're doing on the job, not much of a close community feeling, can be almost too quiet and stale in the office


  7. "Freelance researcher"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA (US)
    Former Employee - Anonymous Employee in San Francisco, CA (US)
    Recommends
    Positive Outlook

    Pros

    Staff were very enjoyable to work with. Location of SF office was great and close to downtown.

    Cons

    None at the time.


  8. Helpful (1)

    "OK office but poor training"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Researcher
    Former Employee - Researcher
    Positive Outlook

    I worked at The Concord Group part-time (Less than a year)

    Pros

    Young company that works well together and moves fast. Project sites can change on a daily basis. Flexible scheduling.

    Cons

    Explicit job description wasn't full explained at the time of interview and hire, and there was more an emphasis on the variety of projects you'll get to work on. While you work on a ton of new project sites, you will probably only do the same "research", which is actually phone market surveys of luxury condo properties, over and over again.

    Signed a contract for full-time, but was only ever given part-time until they said they couldn't take the time to schedule work.

    Training can be inconsistent as you learn from new projects and whoever is available. Half of my training was done remotely. There's also gaps in expectations of work as your trainer would probably rather do the work themselves than take the time to critique your work to train you.

    Advice to Management

    Fully explain the job before you hire someone. Standardized your training.


  9. Helpful (1)

    "Great place to launch your career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Consultant in Newport Beach, CA (US)
    Current Employee - Associate Consultant in Newport Beach, CA (US)
    Recommends
    Positive Outlook

    I have been working at The Concord Group full-time (More than a year)

    Pros

    Great place to jumpstart your career into the real estate world. Early on you get exposure to tons of different markets and product types. The pace is fast, which means you will get a lot of experience under your belt very quickly. Access to management is great since its a small firm, and from the very start you spend lots of times interfacing with very important people in the business. Lots of room for advancement- all depends on personal growth rather than time spent at the firm.

    Cons

    Pace can be stressful. However, hats kind of the name of the game when you are in consulting. Its all what you make of it and great work experience to launch your career. That being said- great work life balance as far as no one micro-manages you- even in the beginning.


  10. Helpful (3)

    "Interesting and broad projects, but long hours and uncompetitive compensation negatively impact morale."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Consultant
    Former Employee - Associate Consultant
    Doesn't Recommend
    Neutral Outlook

    I worked at The Concord Group full-time (More than a year)

    Pros

    One of the best things about TCG is the breadth and scope of projects new consultants get to work on. Projects range from small deals to massive, multi-state or even multi-country assignments, that often include travel to the site. Access to management is also good, and you gain experience and knowledge of many different real estate property types and markets. The quick pace of work and juggling of multiple projects keeps things interesting and far from monotonous.

    Cons

    The consultant/analyst culture is great, which is partly due to how many hours one works. It's not uncommon to work 50-70 to even 100 hours in a week, with many late nights (think midnight or later). Moreover, management can be high-stress when deadlines are looming, which only adds to the pressure. The skill set one builds at TCG is also limited and somewhat "niche" as it's mostly market research, with little to no Argus, financial, or complex development modeling involved. But the main sticking point is that consultants aren't compensated or rewarded for their hard work. Base salaries are far below similar positions at other firms (both consulting and within real estate investment/development), bonuses are ok on a percentage basis, but the dollar amount is low due to the low base, and training/professional development is limited at best. Lastly, it becomes a chore and a burden to take direction from multiple managers who all feel their project is most important, so time management is key, although it usually doesn't help all that much as you'll stay late regardless of your management skills.

    Advice to Management

    Raise salaries, communicate with other managers so as not to overload consultants, provide training (presentations, modeling, Excel, etc), hire more employees to decrease everyone's load, and give employees a better work-life balance.


  11. "great exper"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Auditor in Toronto, ON (Canada)
    Current Employee - Auditor in Toronto, ON (Canada)
    Doesn't Recommend
    Neutral Outlook

    I have been working at The Concord Group full-time (More than 5 years)

    Pros

    hours hours hours are flexible

    Cons

    management is really really bad

    Advice to Management

    try to treat employees as humans


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