Revolving Door of Underpaid Employees - Associate Consultant Magenic Employee Review

1.0
13 Jul 2018
Recommend
CEO approval
Business outlook

Pros

There are some genuinely great people that work here. Magenic doesnt do a great job at retaining them and wastes resources retaining people that are friends of managers or have been with the company for a while

Cons

Things like "bagel and donut friday" and "free pop" and "company parties" are great and all, but does that really make up for the pay that is generally 20-25% lower than market averages? Now that I am no longer with Magenic, I can afford to buy myself a donut once a week on my new salary! And guess what - other companies have parties too. Crazy, huh? The company has an obvious "boys' club" mentality. This could be great for you, if you are a GM or above. Leadership at these levels are out of touch with the majority of their workplace (yes, millennials/recent grads). The two biggest departments are mainly younger people and Magenic doesn't seem to get that, despite boasting about hiring so many college grads! Yay cheap labor! If you're hired right out of school, you WILL be SEVERELY underpaid. QA and MDC start at 48-50,000. Comparable jobs in the area will start at 60,000+. Do yourself a favor and don't sell yourself short. Raises and promotions have been few and far between and are getting rarer-even then, you can only move up so far before you’ll get stuck, since there are few management positions and they are rarely open. When they are, they’re given to friends of managers and long-tenured employees with zero management background. Favoritism is in all facets of the company. You will be thrown into project environments that you arent prepared for and may not have the right experience to handle. This is common. Hope that you have a good manager and/or lead or it will be painful! Managers put people on projects for the wrong reasons and always put the client’s needs before their own employee’s. If you are willing to sacrifice your own career goals for Magenic’s customers and for Magenic itself, you’d be a good fit here. Benefits are abysmal. the 401k match is a joke. They match "around" 25 cents to every dollar of your CONTRIBUTION only up to a certain amount. So if you contribute 10% of your salary, you'll get a 2.5% match. You can do the math there. There’s a holiday gift in lieu of an actual bonus each year. Please don’t be fooled, Last year’s gift was a small Yeti cooler... Theres a recent push to portray Magenic as a great place to work on the internet and they have incentivized posting positive images of the company on Linkedin and posting reviews on Glassdoor. If you do these things and refer a new employee, you get more of a bonus. It is forced and fake; most of the pictures you see from “company events” are of the same select group of HR and marketing employees that are pushing for this. They should instead focus on the problems that are leading to people posting negative reviews and the company’s image would benefit in return. Overall my experience at Magenic was less negative because my client & project made it so and I felt fairly removed from Magenic itself. I learned more from my clients than from Magenic and was more supported by my client leadership than by my own within Magenic.

Explore other reviews about Magenic

5.0
26 Apr 2023
Recommend
CEO approval
Business outlook

Pros

work life balance talent career support

Cons

unfortunately aquired by another company

2.0
4 Jan 2017
Recommend
CEO approval
Business outlook

Pros

The people there are very smart. They try to make things work even though their managers aren't supportive. Nice office space. Free soda. Nice Crhistmas gift.

Cons

The lies start with recruiting. The recruiters use the CEO's linked in to get you interested...like he reached out to you himself, but it is really just the recruiters. They tell you they are focussed on project work, but it is really a lot of poorly managed agile that they call "capacity model". In other words, you start billing before anyone knows what you are supposed to be doing, and then we are told to lie to the customer about how we are bulding backlog. yeah...we're building a backlog of billing. I was on one project that was cancelled by the client when they figured out we weren't really being productive. My buddy was on another one. It's not uncommon. They want you to take PTO if you go on the bench. Training and career enhancement is nonexistant. They figure that your training is you working on a project.

6
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