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Ralph L. Schlosstein
2 people found this helpful
I have been working at Evercore Partners full-time for less than a year
Pros – Exposure to leading economic thinkers in Mexico. Very intelligent coworkers. Learned about public finance in Mexico.
Cons – No chance to interact with other offices/projects worldwide. The Mexican company Protego was acquired by Evercore but they basically just changed the logo. Most people still refer to the company as Protego.
One HR person for the entire office. This means no training/professional development. The HR rep is strictly for hiring/benefits.
No documentation/knowledge management/project management processes. This means every project starts from scratch. Lots of brain drain because people leave. Habitually late on deadlines (part of Mexico in general). We were actually calling former employees for help. People's idea of knowledge management is printing a prior project and putting it on a bookshelf.
Unreal amount of time in the office. People don't care what you get done, they just want to see butts in seats. Work-from-home/flex time is unheard of. If you have to finish something for a Monday deadline they ask you to come in on Saturday instead of doing it on your laptop from anywhere.
Barebones IT resources (i.e. we make diagrams all the time but don't have MS Visio, we don't have MS project). This is not an NGO and we could afford to have this software.
No upward mobility. Analysts are undergrads, some have master's. Then they all leave for a PhD or go work for the government. You can't stay and work your way up to a management position - there are no "middle positions."
Advice to Senior Management – You acquired Protego but haven't done anything to make it better. Sometimes it feels like we are just spinning our wheels in Mexico. Swap some managers so that there is more cross-collaboration and help us feel included in the larger organization. Not exaggerating when I say that all that happened was that they changed the logo. I have no idea what people do in other Evercore offices worldwide.
No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company
2013-06-10 11:13 PDT
3 people found this helpful
I have been working at Evercore Partners
Pros – Compensation is decent if you know what to ask for from the beginning - salary with overtime, bonus minimum, etc.
Benefits are competitive+
Cons – - EXTREMELY poor HR department though recent changes relating to HR management shows some promise. Change is slow.
- Fear of retribution prevents many employees from reporting unfair treatment or other issues.
- Very poor communication from the top to the bottom.
- Senior management at Evercore expects personal work to be completed by their assistants. This ranges from very small tasks to large projects dealing with family and outside interests. This work is sometimes personally compensated by the individual manager around the holidays but often times it isn't. Again, fear of retribution prevents many employees from tackling this problem despite being overtaxed and ethically conflicted.
2012-01-11 13:13 PST
2 people found this helpful
I worked at Evercore Partners
Pros – Prestiige of working at a mid town boutique investment bank. Compensation better than average.
Cons – If you are not a partner, you are treated like fodder. This is especially true for the support staff. At least the analyst have a chance at becoming a revenue producer, the support staff are treated like a changeable expense and often are. Beware unless you are a senior level banker.
Advice to Senior Management – It's a hard concept to acknowledge but there is work life balance for the support staff.
No, I would not recommend this company to a friend
2010-07-27 11:27 PDT
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