Castleton Commodities International Reviews | Glassdoor.ie

Castleton Commodities International Reviews

Updated 30 November 2018
35 reviews

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3.1
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William C. Reed II
19 Ratings

Employee Reviews

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  1. Helpful (1)

    "Fast Paced"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Castleton Commodities International full-time

    Pros

    They have a generous bonus pool

    Cons

    There is quite a bit of turnaround. Most do no stay very long.


  2. "Oil Trader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Oil Trader in London, England (UK)
    Former Employee - Oil Trader in London, England (UK)
    Positive Outlook
    Disapproves of CEO

    I worked at Castleton Commodities International full-time (More than 5 years)

    Pros

    Location. Some decent colleagues. Uncertainty generates camaraderie. Generally one has a clear mandate to trade. Decent trade support on physical and paper. Decent coffee.

    Cons

    Terrible management. Very high staff turnover across all aspects of the business. The company doesn’t know if it’s a merchant energy trader or a hedge fund. The big merger with Morgan Stanley was a huge drain on resources. Much off the legacy CCI structure/personnel got chopped to buy the MS group time. Absolutely useless, and expensive, research group. Risk model is a bit mental.

    Advice to Management

    More communication needed.

  3. Helpful (1)

    "Great people, low morale, and salaries on the lower end of market range"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Castleton Commodities International full-time (More than 3 years)

    Pros

    Great people to work with. Most people want to go the extra mile to get the job done well. The office's open concept makes it a nice work atmosphere, and it is located near good restaurants and bars. Depending on the needs of the company and how well you manage your career, you could take on new and challenging opportunities that will help with your career growth. Bonuses can be very good if you're a good performer AND you haven't gotten on someone's s**t list.

    Cons

    Salaries are generally on the lower end of market range. If promoted in some interim period, your responsibilities will change immediately but, as "per company policy", your salary is not adjusted until March of the following year (and you're not told exactly how much is the adjustment until such time). Insurance benefits are also not the best and the 401k match is 100% vested after your 3rd yr. of service. There is certainly favoritism, which could be very good or very bad depending on what end of the stick you manage to be in. The morale in some groups is low due to much restructuring and/or changes in departmental direction, the Finance function being one of them.

    Advice to Management

    Restructuring and changes in departmental direction to help reduce costs is understandable, but once you've identified your top talent, be prepare to increase their comp, especially if they will be taking on more responsibilities. In the long run, you will continue to lose top talent and the time to fill those positions plus your talent acquisition costs will be higher than if you awarded top performers with an extra 10%-20% bump to their salaries.


  4. Helpful (1)

    "Awful Culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Castleton Commodities International full-time (More than 3 years)

    Pros

    Very fast paced, will learn a lot

    Cons

    Hard work goes unnoticed and never acknowledged - do not expect a pay increase or bonus for your efforts unless you play into the heavy office politics. If you are given a verbal or bonus target - it is a trick to get you into the door.

    This is not the place for you unless you have a stick up your bottom and do not care to have any type of work-life balance.

    HR is a disaster, new leaders do not have a say since those with more time at the company already paved their one-way road - Beware of the wolf in sheep's clothing!


  5. Helpful (5)

    "Fast Moving Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Former Employee - Anonymous Employee in Stamford, CT (US)
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Castleton Commodities International full-time (Less than a year)

    Pros

    Great people in every department: from Traders to HR.
    Very skilled and (over)qualified people even in support roles.

    Cons

    A few people compare to other competitor meaning a lot of work. A lot of restructuration and opaque hierarchy (can't really get who is the boss of who).


  6. "Company is run by bean-counters and everyone is covering their own backs."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Geneva (Switzerland)
    Current Employee - Trader in Geneva (Switzerland)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Castleton Commodities International full-time (More than 3 years)

    Pros

    Nice office, in a good location. Talented and friendly traders/analysts.

    Cons

    Negative atmosphere, the company lacks direction and Europe has no leadership. There is only 1 decision maker in the firm who is afraid of the shareholders.
     Politics are horrible, too many fiefdoms and too many middle managers make decisions with the sole interest of retaining their jobs.

    Advice to Management

    Re-structure, cut out the middle managers or replace them with people who actually have experience trading and focus on growing revenues. The decision making needs to be delegated to desk heads, specifically remove the need to make 30-page ppt to justify every business decision. Operations and back office have too much influence in restricting business decisions (they only ever say no!).


  7. "Great Company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Castleton Commodities International full-time

    Pros

    Personal accountability, no clock in-clock out, team oriented, nice location and amenities (gym, kitchen, cafe, game room)

    Cons

    Temperature in rooms, glued to computer, some miscommunication

  8. Helpful (1)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Castleton Commodities International full-time

    Pros

    Great benefits, bosses, good work life balance

    Cons

    Downsizing, turnover rate is very high


  9. Helpful (2)

    "Be careful about company culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT Engineer in Stamford, CT (US)
    Former Employee - IT Engineer in Stamford, CT (US)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Castleton Commodities International full-time (More than 3 years)

    Pros

    Good compensation, benefit, and maybe bonus

    Cons

    Not a worker friendly place. No balance between work and life.

    Advice to Management

    Need to develop the culture of different teams working together


  10. Helpful (7)

    "Don't Waste Your Time"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    I worked at Castleton Commodities International full-time

    Pros

    Lots of opportunities to see how a company should NOT be run.

    Cons

    HR sharing confidential information with other employees without regard.

    Advice to Management

    When any HR employee knows everything/anything about other employees (professional/personal) and decides to share over a glass of wine or just because, it makes your HR team weak and makes good employees leave.