CFGI reviews

3.6

57% would recommend to a friend

(225 total reviews)

Nicholas J. Nardone

78% approve of CEO

62% positive business outlook

CFGI has an employee rating of 3.6 out of 5 stars, based on 225 company reviews on Glassdoor which indicates that most employees have a good working experience there. The CFGI employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

225 reviews
2.0
Jul 7, 2019

Waste of time

Recommend
CEO approval
Business Outlook

Pros

There are a few certain smart people there that also actually have souls, if you're lucky enough to get to work with them, but for the most part just more of the same from auditing days with little thought and more just going through motions. If you're lucky enough to work with a good MD/Partner and not thrown on to do busy intern work, you can learn about some complex technical accounting issues..unlikely though.

Cons

-Terrible benefits.-slight salary bump from big 4, but after what's taken out of your check for insurances,etc, its barely a raise. No 401k matching until after a year, % and vesting schedule are below industry norm. Vacation/holiday PTO also on low side.. handful of other jobs you can go to with 25% more PTO and fully paid health benefits. -"Bonus"- The bonus is based on "overtime" hours, so if you left big 4 hoping to have work life balance with a 40ish hour work week, forget any bonus. Also, in your first year it's nearly impossible to get overtime unless you want to work 80 hour weeks- Any non-client time you spend at the start for training/availability before getting assigned eats away at this.This was poorly communicated during hiring.Also this overtime bonus structure discourages employees who may work efficiently/encourages putting in big 4 hours/useless extra work. -People- This will make or break your experience and it's a total gamble. Get assigned on a job with a bad MD/Senior Manager and/or project and you're pretty much stuck, scheduling is the opposite of flexible. Literally a gamble- As a manager I'd say 75% of my time there I was doing grunt busy work that a consultant (really an intern) should've been doing. The other 25% I was thrown onto work that should be done by an experienced Senior Manager/Director and given little guidance/blown off by the MD on the job when I had questions, so essentially a lot of spinning wheels and frustration...two polar opposite work situations. No change of specializing in an industry you do well on/take a liking to, like I said total gamble and you'll be lucky to get assigned on work that's at your level. On top of that there is no upward feedback process in place/zero opportunities for Managers/consultants to give feedback on certain MDs/partners that are literally known firm-wide as nightmares to work with.

2.0
Dec 11, 2019
Recommend
CEO approval
Business Outlook

Pros

Variety or projects (if you know the right people in the firm) Technical exposure

Cons

1. The variable compensation component sounds attractive in the beginning, who doesn't want to be paid for overtime? Yet, for some reason, despite efforts and hours put in I somehow always manage to end up without a bonus - also the accounting team is VERY unresponsive. Good luck getting one of the internal accountants to answer any of your questions. 2. Benefits are terrible: 2a. Health insurance is expensive and they don't offer partner coverage 2b. 401k matching is non-existent in the first year, and company will only match in year 2 - but don't even think about leaving before April 1st or else you'll lose the benefit 2c. Salary increase has been on the 5% mark. Also initial offer wasn't nearly as good as my friend's, who also came from Big4 and went to work for one of competitors 2d. No profit sharing 3. Lack of transparency from upper management, work environment is just OK - really depends on your team, but most people are full of themselves. 4. Technology is archaic at this firm. We don't even have access to adobe products, yet upper management loves talking about efficiencies. Give us the tools then!

2.0
May 21, 2019
Recommend
CEO approval
Business Outlook

Pros

There is a moderate base pay bump from Big 4 with some overtime compensation. The annual 20% of Base OT pay, calculated on any hours over 1,900 billable client service for the year. (They allow a grace of 40 hrs for trainings/non-billable to find your next chargeable project.) Paid out 25% in August and 75% in February. 401k employer match 50% of up to 6%. Carlyle Group investment prestige. If you were unhappy with the Big 4 audit career path, then you can gain broader experience here. Depending on client assignments, you have more flexibility and work/life balance. If you are writing technical memos or checking in as available you could be working from home all the time. If you are on an interim-role you probably will need to be on site. Quarterly they host socials (company-wide and mentor trees), mostly located in downtown Boston. Intermittent volunteer opportunities (food bank, Bio Ball.). They also host an annual holiday party where you can bring a guest.

Cons

Better base salary is offset by high cost of benefits. Compared to Big 4 and several other companies, the premiums are exorbitant. There is no intermediary cost step between individual or family plan. They changed from BCBS MA to Aetna and I noticed decline in my coverage, and increase in out of pocket costs. Only 8 holidays (including 1 floating holiday) and 15 days PTO. Increases to 20 after 6 years. Can carry over up to 40 hrs for next year. Taking PTO hurts your OT utilization. Voya 401k retirement management offers limited appealing portfolio of investments. No update or distribution of company policy since 2017. (Grayed out calendar based on SEC reporting deadlines debacle.) Unclear about maternal and parental leave offering. Disappearance of monetary spot awards. What happened to the high five awards? It went from monthly, to quarterly, and now gone. Constant lack of consultants available. Non-existent "templates". Mass emails asking for resources that should be archived in a shared area accessible by all. Management tier is heavy on Sr. Managers and Managers. Heavy emphasis on Business Development. Little formal training or support on how to execute BD, to advance to the next level by selling services. (Testimonials of success stories at live trainings for inspiration.) Strong presence of cliques, which translates to accelerated career growth over merit alone. Partners and MDs have unchecked sole claim on employees' schedules. This results in weeks of available time eating into OT and/or working on the same types of projects for indefinite periods.

Viewing 4 - 6 of 225 Reviews

Glassdoor has 230 CFGI reviews submitted anonymously by CFGI employees. Read employee reviews and ratings on Glassdoor to decide if CFGI is right for you.