Millennium Research Group Analyst Reviews

Pros

Millennium Research Group has a great team that is fun to work with and a management team that is driven to take the company to the next level.

Cons

There is a standard salary structure, and it starts a bit low, but if you show promise and stay for a bit, you will be compensated well.

Pros

The colleagues are all young

Cons

The salary is very uncompetitive

Pros

* Young, energetic co-workers. * Great networking opportunities: the only upside of high turnover (see cons) is that you have an instant network of bright ex-colleagues who go on to much better things who you can approach for jobs.

Cons

* Low salaries: the company consistently breaks its sales records but this does not translate into higher pay for people who do all the hard work. * Disconnect between vision and action: the company talks a lot about becoming the experts in industry but this is only achievable by retaining staff who build up good knowledge of the medtech sector. The turnover is so high - 50% of analysts left last year - but the management refuses to address the causes of high departure rates and those left behind have to clean up the mess and try to convince cautious clients they are experts. * Aggressive strategy: the senior managers set very ambitious growth targets for profit which we keep missing which is very demoralizing. This leads to cost cutting and lots of people who have been loyal to the company losing their jobs. Then morale sinks even lower.

Pros

Co-workers: young, dynamic, fun-loving Downtown location: right at Yonge and Bloor Community: lots of opportunties to give to charity through events and paid volunteer days

Cons

Lack of experience: for most people, this is their first job and it shows. Even the head of the company has never worked anyplace else. High turnover: In the past year nearly all of the senior managers have quit or been fired. Everyone I know is looking for jobs. Chaotic: high-turnover and chronic understaffing mean people are thrown onto projects at the last minute and into very stressful situations.

Pros

The company is filled with fun young people. There are some opportunities to go to conferences in the US/Europe/China. Some great experiences for new grads.

Cons

OK to start, yes management is near uniformly composed of people who have never worked anywhere else, which makes them quite inexperienced in most instances. They like to create the impression of fostering an open environment where all employees can make suggestions however that isn't the case. Management distrusts the typical employee and sees them as incapable of making strategic decisions. They prefer MRG to function as a report factory, which in a way has made the job of reports analysts easier and all but eliminated the unpaid overtime that most analysts were expected to work. The unpaid overtime is now worked by a handful of more senior analysts who aren't paid Back to management. Speaking up about the less than optimal practices at MRG can actually get you in trouble as a few select analysts have found. Best to stay quiet and assume your place in the report factory assembly line quality be damned. Which leads me to promotions. There are A LOT of very intelligent, hard working people at MRG. Some of them are (rightly) promoted. Others are actually abysmal at their job but party with management or know how to put on a fake friendly personality (like nearly everyone in management) so they get ahead. These people, like everyone else at the company, do work hard, well most of them, so maybe it isn't fair to begrudge them a promotion. It just seems odd that the same phony, semi-sociopathic personalities seem to get ahead as those running the joint. Can't be a coincidence can it? Which brings us to pay. Why are promotions so important? Cause you won't see a pay raise till you get a promotion. And you'll be starting at a very low base. Quarterly compensation reviews were introduced years ago as a means of employee retention when there was a biblical flood of employees leaving. These quarterly reviews have since been taken away and pay increases have been restricted to those getting promotions (and maybe management). How about bonuses? Well since we can't hit our targets that's been an issue too. The max you'll get is 5-7% of your salary which will start in the 40-44k area. The benefits are ok. There is no employee RRSP package. Now all the above certainly sucks. Still, this is not atypical of new grad/first job establishments. You will get opportunities to learn something valuable and transferable. You will make potentially valuable connections. You will probably have to work pretty hard at times, which will act as a crash course on what the rest of your career will be like. My suggestion is to suck it up and give MRG six to 12 months and then attempt to move on. Try not to be too sensitive as hard as that might be, and try not to take things too personally. You could certainly do worse for a first job out of school. Just don't plan a career at MRG. Management certainly doesn't imagine you will.

Pros

The people are generally young, energetic and fun

Cons

If you want your reports to have credibility a significant amount of unpaid overtime (evenings/weekends) will need to be worked. The compensation is flat and the focus is on pumping out reports and only minimal improvements on past reports on made in some cases.

Pros

Great opportunity for new grads in healthcare/market research/consulting. youthful/friendly culture and your colleagues become great connections in the future. location (downtown core) is great.

Cons

some issues with long hours, comparatively low pay, slow growth (in terms of promotion), and micromanagement.

Pros

Good location in the heart of downtown. Some nice analysts that are real team players. Some projects can actually be interesting.

Cons

Subsidiary company, parent company is in Boston so you are an after-thought. No chance of promotion. They sent a strategy guru from HQ to turn the company around back in 2010 - all he did was fire the experienced managers and hire fresh sociology/arts grads, as if they are medical device experts. Looks like things went full circle since the private equity owners sold the whole group off and the strategy guru is out too. Pay is awful.

Pros

The best reason to work at MRG is by far the people. Everyone gets along very well, and there are lots of social outings/activities, sporting events.

Cons

The employees are very talented and educated here, but they are also young, and not compensated properly for the quality and amount of work they do.

Pros

Colleagues were friendly, work environment was relaxed, and everyone was friendly

Cons

Pay was low, tasks can be quite menial at times, and people move in and out of the company all the time.