I've been with Riveron for a few years it’s been a challenging environment.
Specifically, AA can be quite toxic at the higher levels. It's extremely cliquey, but not in the traditional sense where people are bullying people. Instead, it’s more about favoritism from a very limited number of MDs in the club. If you're not one of their favorites, your growth is limited. It does not matter how well you do and how much the MDs you work for like you, if the MD is not part of the club then you are SOL because you aren't going anywhere at this firm. It’s honestly the worst example of a ‘club’ mentality I have seen at a company. I say this with over a decade of experience, not as some naive senior who was expecting pure meritocracy. Also, pretty much all of these MDs are in Texas so the further you are from there the less likely you are to be in the club.
Turnover at the MD level is also alarmingly high. It’s common for new MDs to be brought in, only to be let go within a few months. Several former MDs, all of whom were previously Big 4 partners or MDs, have shared that the dominance of the club was a key reason for their departure. Current Riveron MDs have even flat out said that the firm expects less than half of the new MDs they hire to actually last, which says a lot about the environment they have cultivated.
Culturally, Riveron is by far the most superficial and overly flashy place I’ve worked. It’s almost like being in Miami, lots of style, but very little substance.
Also, if they tell you the target bonus is 20%, make sure you clarify how many hours you'll need to bill to hit that target. The goalposts just moved again. We’re on a 45-hour billable week, and many clients are being stingy right now. Utilization is tracked incredibly closely, and it’s only getting worse since the current PE firm is likely planning to flip us in the next few years. Naturally, this adds to the high turnover at MD I mentioned earlier.
