Market and Counterparty Risk Analyst (Former Employee) – New York, NY – October 26, 2015
Friendly smart colleagues, hard working but not a brutal Wall Street environment. Higher level positions are mostly or only French natives. Risk systems are Top Notch. Many co-workers were contractor consultants.
Branch Manager (Former Employee) – Oklahoma City, OK – August 21, 2015
The culture is one of "too many chiefs, not enough Indians". Regional managers lack the ability to support teams in the field. They simply repeat old ideas that are spewed over and over through multiple conference calls, reports and activities that add up to nothing. Rather than actually focus on ideas that work, they continue to regurgitate the same thing over and over.
Area Managers are puppets to the regional managers who all have the mentality of being a dictator. You will do what we tell you to do or else you will be fired. Management by threats means you lack the ability to manage people and are a bean counter.
Incentive plan is a joke. Incentive plan is based on a antiquated point system that favors the company. Why would you cap a sales persons incentive? That makes no sense what so ever.
Back to the upper management, they all sit in their offices barking orders and never leave their office. All they do is orchestrate conference calls to justify their jobs. And when they heat comes down on them, they just simply blame everyone else.
Business partners don't help, they simply look for handouts and when they don't get enough, they're quick to report you to management and throw you under the bus.
Average base salary; 401k matching
Everything.. it's just a stepping stone to finding something better.
Senior Software Consultant (Current Employee) – Jersey City, NJ – August 4, 2015
Good work is recognized and appraised by the management. The management will point them out in a positive way when there are doubts in terms of provided solutions for any issues instead of playing the blame game. Limited red tape given the size of the company.
US Client Onboarding Analyst (Current Employee) – New York, NY – June 15, 2015
Temp Hire - good place to work, always work to be done, can get stale and need more opportunities for growth. The company needs to be more advance with technology and working efficiently with the times - a lot of process is outdated. Management needs more structure and organization to create productive environment. Otherwise great people to work with.
BNP Paribas is a great place to work for and the culture is great. The biggest asset are the people. The day to day responsibilities were ever changing and there was something new to learn every day on the job.
BOW FP&A Budgeting & Forecasting - Terrible Management and Terrible Place to work !!!
Senior Financial Analyst (Former Employee) – San Ramon – May 4, 2015
Management think of employees not as value added, but as costs that must be lowered and cut as much as possible.
This feedback is for the Corporate FP&A (San Ramon) department's budget & forecasting team especially. Very minimum ownership on projects in this team. When working with financial models, it is often to spend hours and days to discuss color of a cell or the width of a column, or how to name a work file. This is very inefficient use of time and waste of resources. Management does not listen to advices, it is either their way or the highway, but their way is actually very time consuming and inefficient. Managers in this team have 15, 20+ years of experience and think like the 1990s. People with this much experience could spent their time better moving projects along instead of spending days checking on cell colors and column widths everyday. Every minor work details require approvals from management. There is no learning gained from working in this group as everything resolves around documentations and format fixing. You are expected to work as told with no ideas and originality because " We Paid for You to Work". period. Do not expect to work for this team and learn, you learn NOTHING. you are a workhorse (work 9am to 8pm is normal and expected) who does not need to be appreciated for hard work and for being analytical. You will be given meaningless work and be expected to complete everything 2 hours ago. Even if you finish the project in one hour, you will spend the next 2 days reviewing, fixing up formatting color, column widths, & other useless details for amore... file who does not get seen by anyone else. And there is no room for advancement as there are 8 levels of managements above you and no one ever gets promoted, this team is notoriously bad in its reputation as people leave for better opportunities.
1. For new employees, there is 3 month probation period, where they evaluate your work performance 30, 60, 90 days in, it is insulting to qualified working experienced professionals. But of course, they won't tell you this at interviews. You do not qualify for any sick day leave in the first 3 months. Any sick day from the first 3 months comes from your paycheck.
2. Very stingy when it comes to reward employee hard work and for job well done. Very rare recognition for job well done. You get paid, therefore you must do an excellent job, because we paid you, that is the mentality. If you don't perform to "OUR" expectation, then we will mess up your performance review and put you on Performance Incentive Plan (PIP) to get rid of you and hire another. Keep in mind, "OUR" expectation is subjective and there is no reward or recognition for a job well done, but there is definitely punishment the other way.
3. High turnover rate within the company. Limited career advancement, there are just too many management levels involved. At least 8 levels of management from analyst to senior exec. A lot of office politics, many levels of management levels, hard to get promoted with so many levels. There are qualified employees who work 15+ years and still work as an associate manager of finance. In bay area pace, this level can be achieved in 3-4 years of experience, not 15+ years. That shows the pace of advancement.
4. Management and staff are slow, unproductive, un-decisive, most decisions take multiple meetings to decide. Make things much more complicated than needed. A lot of office politics within the budgeting & forecasting team and within corporate FP&A department. No set structures on processes and their IT support is not good, usually takes 20-30 mins to get any IT support at all and the management don't care, as long as they can save money.
5. Managers (within Budgeting & Forecasting team) friendly outside and slam doors and cursing and yelling to fellow employees. Micromanagement to the extreme, disrespects employees on expected delivery timelines, always wants things done in unrealistic timelines. And when you politely communicate that it will take longer (based on years of working experience) then the management gets really upset and accuse you of being unproductive and making excuses and that you are unqualified for the work given.
6. Annual salary raise is pre-determined max at 2%, for most employees. The 2% annual raise target is given from the senior management and that is the MAX you can get, meaning if you get 100% positive performance reviews. This is not on par with bay area company standards. Their performance review grades from 1 to 5, with decimal point grading
7. Their benefits are not competitive. 401K matching has a 4 year vesting schedule. For each year you work, you only get 25% of the match. If you leave on the first year, you get nothing. They do not offer gym membership. No on-site gym.
Their health insurance covers very minimum coverage on doctor visits with high deductible and low coverage. Management is currently in talk to decrease coverage even lower in the coming year, because employees salary and health insurance to them are ultimately costs. No value to employees at all. Their monthly paycheck deduction for the health insurance is VERY high, at least double compared with other IT firms. Be expected to pay double and get lower coverage. Health insurance does not start immediately after working. You need to wait for one whole month, then the insurance starts to kick off in the next month.
8. On-site cafeteria is a joke, very small, crowded, not good quality food. Kitchen is basic minimumless