Wood Mackenzie reviews

-Management is a mess. Managers seem to be promoted based mainly on time served and having similar beliefs as existing managers, with qualifications taking a backseat. -Top management is totally focused on a near term IPO so they and other senior employees can cash out, at the expense of current work product. They are trying to do too much and do it too quickly in order to drive growth. -The company operates on an unspoken code of secrecy and things are often on a “need to know” basis and are passed to analysts only once decisions have already been made. -No analyst development programme. Also, goals in performance reviews are rather meaningless as ratings seem to be based on managerial preference and speed of progression between bands is inconsistent between a few chosen analysts and everybody else. -Research turnover has increased significantly in the past couple years which strains already overextended analysts. -Private equity ownership for the past few years has led to severe underinvestment in business processes, which results in inefficiency and an incredible amount of wasted time. The beyond awful IT systems fit in here. I feel bad for the guys responsible for supporting the unstable Jenga tower that is our IT system.

30% of top management had left in last 6 months (incompetent leaders with no clue how to lead the company, there are too many negative stuff going on), including 'departure' of 2 former co-presidents. Very lean structure that affects work morale, no replacement of attrition headcount (only some to low cost locations), a lot of work for existing staff > research quality has dipped significantly as a result, management asks employees in townhall to trust the company and decisions they take but are not doing right by employees. Budgets (travel, events, salary increment) are close to non-existent, expectations of delivery however, are to the roof. Direct managers gaslight subordinates who raised concerns. HR is even worse. No one in the company is not thinking about next career move, except old guards who are there more than 10 years.