Millennium Research Group Employee Reviews about "salary"

Cons

The salary is very uncompetitive

Cons

No attention from the direction to develop and retain the best employees. During the years tens of brilliant workers: analyst, managers, researchers quit or were laid off in a way that no one deserved. The decision makers are blind and they don't see or they don't want to see the ship sinking... No future for growth. Salary is one of the lowest compared to the wide market.

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.

Cons

Poor compensation, largely independent work, low business growth meaning relatively few opportunities for advancement, leadership opportunities are few and far between. The low starting wage for analysts was previously justified by quarterly salary raises, however these have since been terminated with no corresponding salary adjustments.

Cons

a really really low salary.

Cons

Salary is lower than the average in consulting industry

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.

Cons

Management does not seem to have a better long term view of the company.

Cons

Low morale of workers, non-competitive salary and low incentive to stay

Cons

Because the company is on the smaller side, there is a lack of career advancement. While there are many opportunities to try your hand in different areas and gain experience in doing things you may not get to at other companies, career advancement is limited because the company is not very large. The salary at the company is not very high. For the amount of work that we do, I would want to have a higher salary. This is somewhat offset by having the opportunity to gain experience in multiple areas.