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Bowery Valuation

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Bowery Valuation Reviews

3.7

69% would recommend to a friend

(103 total reviews)
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Noah Isaacs

66% approve of CEO

56% positive business outlook

Bowery Valuation has an employee rating of 3.7 out of 5 stars, based on 103 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Bowery Valuation employee rating is in line with the average (within 1 standard deviation) for employers within the Real estate industry (3.8 stars).

Reviews by job title

103 reviews
1.0
31 May 2023

Job Seekers Beware

Recommend
CEO approval
Business outlook

Pros

--Many great colleagues --Remote friendly

Cons

The most extraordinary thing about Bowery is the number of people they have laid off in their short history. When the market slowed because of Covid they laid off, reneged on job offers, and cut salaries of current employees. This at a time when other appraisal companies hired. Just over a year later, after hiring nearly a hundred employees in the first half of 2022, they had two huge rounds of layoffs in the second half of the year, eliminating a third of the workforce. They opened and closed offices in the space of a year and virtually eliminated entire departments. Their reckless growth strategy is to hire aggressively when busy and then eliminate people when things slow down or when they realize their strategy doesn't work. The business model is to use the least expensive/least experienced labor to complete appraisals so the work quality is pretty low and the company is far less efficient than traditional companies. So its not a particularly good place to be an appraiser. The tech that they have spent so much money on is fair but not really better than other products out there. In fact many offices and appraisers use third party solutions that are better than the company's. The identify as a tech company has nothing to do with any achievement in that area and is purely a marketing/fundraising tactic. So if you are interested in technology I'd look elsewhere.

2.0
13 July 2023

Lots of Red Flags!

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

start up energy. enticing benefits

Cons

For anyone serious about growing an appraisal and/or commercial real estate career, beware. - None of the founders have MAIs nor are experienced professionals in this space. They are not professionals in the very space they are trying to "disrupt" - If you want to learn about commercial real estate and / or valuation. Go to an established firm. You'll also get paid more there (33.33 - 50% of job fees) and you'll get much better mentorship. - Many of the top MAIs and appraisers have left this company. - Bowery is great at raising money and burning through cash. As a result, they've gone through multiple layoffs (same-day layoffs). Although they claim to care about culture and its people, they do not. - Technology is decades behind the established firms. Nothing disruptive about their tech. - They work with some questionable clients who will pressure you on values. - Very difficult and unstable time for Prop-tech. Bowery will entice you with benefits and a salary, but do not have the structures, leadership, and processes in place to help you (nor the company) succeed.

2.0
17 Jan 2023
Recommend
CEO approval
Business outlook

Pros

Remote work, unlimited vacation you can take (at the detriment of your compensation), a number of small perks and budgets, nice coworkers

Cons

Real day-to-day responsibilities do not align with job description. You'll be thrown on projects according to business need, and then not rewarded appropriately if it is more advanced. Culture varies dramatically across teams. If you choose to join, join a team that makes a lot of money for the company, as that is the only thing that is rewarded. Company will leave you in the dust and forget you otherwise. As a valuation associate, you will very quickly realize that compensation is very low for the amount of work you are expected to produce, and management has altered our compensation structure at least three times in the 1.5 years I have been here. Managers are also generally unfit to manage teams, as most of them have come from places where they were independent contributors. So, beware. Save yourself the stress and go elsewhere.

Viewing 1 - 3 of 103 Reviews

Glassdoor has 106 Bowery Valuation reviews submitted anonymously by Bowery Valuation employees. Read employee reviews and ratings on Glassdoor to decide if Bowery Valuation is right for you.