SEI Novus reviews

4.6

93% would recommend to a friend

(9 total reviews)

Andrea Gentilini

100% approve of CEO

88% positive business outlook

Reviews by job title

9 reviews

Reviews about "Compensation"

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5.0
Oct 5, 2015
Recommend
CEO approval
Business Outlook

Pros

You name it: amazing benefits, terrific compensation structure, bi-annual bonuses, a product you can believe in, and, as other reviewers have noted, an unparalleled company culture in which innovation, passion, dedication, and creativity are all heavily rewarded. This is one of those companies where when work ends, you don't leave and hang out with your other friends. You hang out with your Novus friends. Company camping trips, birthday lunches, quarterly spot bonuses for great work (ringing in at 10k a pop!!), the people you'll spend your time with are likely to become lifelong friends. I've worked at many other companies, and every time I got home I thought, it's okay, you're just in it for the paycheck. Not at Novus. No day ends without something inspirational happening, and every morning begins with the excitement of jumping back into all of it. People have a tendency to only believe the negative reviews they see on Glassdoor, or to completely discredit good reviews the second someone in a negative review starts haranguing about "fake positive reviews." I have never been asked to write a review. I happened to look up our rating on Glassdoor and was astounded by what I saw. The truth is that the people who have not had a great experience here would not have had a great experience anywhere -- whether it was an issue with their attitude, work ethic, quality of work, or social skills. I don't know a single employee in this company that doesn't love it. Yes, you will work hard. Yes, the work can be demanding. Yes, sometimes you'll work late hours. Personally, I would rather work hard for a company that I loved than go home at 5:30 from a company I didn't respect.

Cons

Some of the people who previously held leadership positions within the company were not qualified to lead. However, through our internal review system and the voices of those under them, they've all been replaced with dynamic and passionate leaders. Other than that already-corrected issue, I can't think of another con. If you don't believe it, get yourself an interview and come in and see the office and meet the people yourself.

5.0
Aug 10, 2014

Smart People + Great Vision = Incredible Potential

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

- The company hires well, so a lot of smart, energetic people around to learn from and interact with - A really great purpose- the company is changing how top investors manage their assets- both on the allocator side and investment manager side - Our clients are large, sophisticated investors including top pension funds, sovereign funds, well known universities, foundations and it's pretty awesome to be working on their behalf - A lot of opportunity for growth - Novus went from just 10 employees in 2009 to almost 100 today - Opportunity to take on a lot of responsibility- some employees have gone from interns or analysts to management fairly quickly - Our platform is second to none when it comes to analyzing investment managers and providing portfolio insight to allocators

Cons

- Long Hours- people at Novus work incredibly hard (I don't mind but I know some do) - Long-term bonuses- a large percentage of bonuses come in equity options, not just cash - A lot of change- the company believes in shaking things up fairly quickly if something is not working, and this can be jarring to some

2.0
Jul 30, 2014
Recommend
CEO approval
Business Outlook

Pros

I am truly amazed by the quality of talent this firm has attracted. There's something awesome about working alongside folks who are so eager to spread their knowledge and experience. Even in the worst of times middle managers will stick their necks out for their subordinates, and they never stop teaching. I am grateful for that. G-d bless these people.

Cons

How brazenly stupid is upper management to orchestrate the posting of fake reviews on glassdoor? Perhaps fake is the wrong term? Let's say these are orchestrated reviews. None of these company-approved reviews even attempt to begin describing the sad state of affairs at Novus. Don't these people have any fear of G-d??? As an earlier reviewer on this site has noted quality is simply not an option. Sales and upper management routinely make promises to prospective and current customers in order to attract and keep business. These promises have no grounding in reality. Multiple departments' cries of protest are overruled as a matter of course because sales have been in a slump for 18+ months and something has to shore them up. Under a process such as this it is impossible to conduct well-structured work. Deadlines are used to drive business processes that ordinarily would operate under different motives. This focus on deadlines is detrimental to quality and morale. When deadlines are missed - as tends to happen when sales-driven work is piled on - an intensely fueled process of assigning blame is invoked by upper management. We regular employees have no upfront notification of this blame assignment, so we always end up caught in between political interests which have clearly spent uncountable hours setting up this framework (what they call "accountability"). As is the case in a rigged game, the house always wins. To give you more perspective into what this blame assignment looks like, please consider how much time and effort this firm spends on identifying goals of every employee and then measuring everyone's performance against these goals. Not a bad thing in principle, this singular drive to document every breath we take and later use it to point out ways in which we've failed to deliver has resulted in a hypertrophied, top-heavy goal-setting and review process. Surely even G-d himself doesn't spend so much of His time on judging and punishing good, honest men and women. I have heard that last year the process was used to justify ultra-low bonuses for the producing levels of the firm; regular employees were left with pitiful scraps. What a shameful perversion! We live daily in a swirling vortex of rumors and speculation regarding perceived and real threats. Here at the bottom I am not sure whether I should be looking for a new job or what. There have been numerous departures in the past 9 months. Many were handled poorly. Especially at the management level people tend to disappear, their job functions left carelessly strewn about for someone else to pick up. Upper management here knows precious little about communication. Employees are sold an open meritocracy during the interview process and are then shocked to find the place in a state of inter departmental cold war. I've personally heard from some managers who have regretted selling the party doctrine to prospective hires. It's all a lie. I'm thankful to G-d that this isn't part of my job... The place appears locked in a deadly embrace with itself. Everyone's afraid for their jobs because every misstep brings blame, and we all know what this means. To be fair, I have heard of some mythical "good old days" when purportedly things were different. This was before my time. I sincerely hope for the sake of those who've been here a while that the old days actually did happen. I've prayed to G-d consistently asking Him for Providence. If no help will come from our fellow men then perhaps the Almighty will intervene with as little as a word of His wisdom. Things have gotten so bad that I've spent hours pouring my heart out in the confession booth. I feel bad for everyone stuck here with me, yet against all sensible advice I keep coming to work, hoping - pleading - for the situation to improve. If anyone is reading this, please send help. I don't know what to do.

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