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Quantitative Risk Management

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Quantitative Risk Management Reviews

3.5

64% would recommend to a friend

(36 total reviews)

Stephen Rigsbee

56% approve of CEO

66% positive business outlook

Quantitative Risk Management has an employee rating of 3.5 out of 5 stars, based on 36 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Quantitative Risk Management employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

36 reviews
3.0
13 Sept 2010
Recommend
CEO approval
Business outlook

Pros

QRM hires bright people, so you get to work with some good talent. While I worked there, I grew by leaps and bounds as a software developer.

Cons

QRM did not know how to properly use its bright people; they routinely had overqualified people doing ridiculous things. For example, they had a PhD in optimization basically doing project management. Ouch.

2.0
19 Aug 2010
Recommend
CEO approval
Business outlook

Pros

Compensation is lower than some financial firms in Chicago, but comparable or better than other firms with similar workloads. The work/life balance is quite good. Standard 45-hour week, and almost no pressure to put in more time. I never received resistence when asking to use my vacation time. On the technical side, QRM does make an effort to support using newer technologies. There are some very talented developers and technical managers here.

Cons

It's a pretty flat organization, but I was still very isolated from senior management. You receive pretty much 0 information about how well the company is performing. Draconian Internet access policy. Raises and bonuses are still around, but they are not nearly as impressive as a few years ago. Requirement to fill out time cards that add up for 45 hours a week (a bit weird for a non-billable salaried position). Lots of talent has left and QRM is slow to replace, if they replace at all. Relies almost exclusively on recruiters for new talent, which greatly limits the talent pool. The review process never puts you in contact with the people who actually decide your raise/bonus. On the technical side, QRM also has some technical managers who aren't keeping up with industry best practices. Many make decisions to get things done quickly, instead of getting things done correctly. Some of the developers are also pretty mediocre. QRM feels like a company on it's way down, and senior management seems to have no desire and/or ability to change anything to stem the bleeding.

2.0
18 May 2010
Recommend
CEO approval
Business outlook

Pros

Smart, friendly coworkers. Not too much off-peak work (minimal nights and weekends). Leader in the ALM software space and mortgage banking risk management so the name is recognized in the industry. Many current students and alumni of University of Chicago MBA program are employed at QRM.

Cons

Many analysts left QRM in April 2010 weeks due to lack of career growth. Management showed signs of inability to manage a larger size organization so perhaps they were ok turning up the heat and raising the rate of attrition to get the firm down to a manageable size. QRM software is not cutting edge and is rather bloated so that problems from years ago continue to resurface. QRM also supports many versions of their software so their programmers and analysts are "stretched" trying to support software from at least 7 years ago up to the current version. Priorities and requirements are typically client-led ("we want QRM to do this") so management is constantly chasing demand in often ad hoc manners which creates lack of unity among product teams as the new "hot requirement" takes focus. Steep learning curve (6-9 months to become effective) due to multiple software versions and lack of documentation. Difficult to perform research at QRM since internet access is restricted for everyone (hope you like Wikipedia).

Viewing 1 - 3 of 36 Reviews

Glassdoor has 36 Quantitative Risk Management reviews submitted anonymously by Quantitative Risk Management employees. Read employee reviews and ratings on Glassdoor to decide if Quantitative Risk Management is right for you.