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Lancaster Pollard

Part of ORIX USA

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Lancaster Pollard Reviews

2.8

34% would recommend to a friend

(15 total reviews)

Nick Gesue

100% approve of CEO

23% positive business outlook

Lancaster Pollard has an employee rating of 2.8 out of 5 stars, based on 15 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Lancaster Pollard employee rating is 25% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

15 reviews
1.0
18 May 2016

Terrible company culture.

Recommend
CEO approval
Business outlook

Pros

Good pay, if you don't mind always watching over your shoulder, afraid that you made a mistake in a 50 page document that ultimately is irrelevant and you may get yelled at by your middle manager who doesn't like managing people anyhow but would rather be holed up in a room reading a government handbook on how to underwrite real-world healthcare real estate deals.

Cons

I think there is a character limit here unfortunately... Honestly, there is no good management of staff. One person at the company was promoted to assist with managing Associates and he really cares. He just doesn't have the support to make a difference. Associates have no real training, and many leave after 3 years because of the lack of upward mobility, recognition, and negative culture. There was a corporate survey for all departments, and the owners in particular focused on the Associate pool. This was due to very high turnover rates of the Associate pool during a few month period (nearly 50% out of about 20 people). The survey results demonstrated that the Associate pool, as a standalone department, scored the company culture in the lowest 10% category of the survey company's peerset. After these lucid results, nothing changed. In fact, the current CEO, who was part of the reason for the poor culture, was promoted to his current position. Turnover continued. While the current CEO may appear to care, he has no other experience than the current company. This negatively affects every area of the company, and in particular, the Associate pool which drives deal volume and profitability. Their promotion style is frighteningly xenophobic.

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Lancaster Pollard Response
10y
I’m sorry to hear that these are your feelings following your experience at Lancaster Pollard. It is clear from your comments that your experience was not a favorable one, and we take full responsibility for that. We will continue to focus on improving the experience of our associates. Nick Gesue CEO
1.0
26 May 2015

Looking Elsewhere

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-Flexible with sick time off and vacation (2 weeks)

Cons

A very unorganized and selfish company to work for. -Very little room for advancement (unless your idea of advancement is adding the word "senior" or "team leader" to your job title and giving you a 3% raise after years of service) -They do not pay for your parking ($80-150 a month) -terrible health benefits (As an employee you will pay close to $500 a month to keep your family of 4 insured) -No company culture ( No one is happy or proud to work here. Everyone is micro-managed.) -So much turnover (Employees quit on a weekly basis, you can't blame them)

1.0
24 Apr 2016

Associate

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great salary potential particularly for those right out of school. Immediate deal exposure for new hires.

Cons

Ineffective and uninspiring middle management that has no desire to see employees succeed. Executive management has been aware of this for over a year and made no concrete changes to address this. Sink or swim mentality is carried to unrealistic lengths to the point where new hires are expected to perform immediately without formal training.

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Lancaster Pollard Response
10y
This is a tough review to read as it is so contrary to the way the firm was built. So many of the leaders of the firm started out in entry-level positions and were developed over the years. This should have us clearly focused on developing the next generation of leaders, but it sounds like this was not the feeling in this case. We have high expectations of our people, and give them direct deal exposure immediately, which is not without its stress. However, we have always tried to manage this through our onboard training program. It is unfortunate to hear that we did not manage this balance well in your case. I am truly sorry that this was your experience at Lancaster Pollard. However, your feedback is very appreciated, and will help us to avoid these in the future. Nick Gesue CEO
Viewing 1 - 3 of 15 Reviews

Glassdoor has 16 Lancaster Pollard reviews submitted anonymously by Lancaster Pollard employees. Read employee reviews and ratings on Glassdoor to decide if Lancaster Pollard is right for you.