Oil Price Information Service (OPIS) Reviews

Updated 8 Dec 2019

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3.7
72%
Recommend to a Friend
90%
Approve of CEO
Oil Price Information Service (OPIS) CEO Brian Crotty (no image)
Brian Crotty
26 Ratings
  1. Helpful (2)

    "Great Place to Start Career"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Rockville, MD
    Doesn't Recommend
    Positive Outlook
    No Opinion of CEO

    I have been working at Oil Price Information Service (OPIS) full-time for more than 8 years

    Pros

    OPIS is pretty laid back and offers a lot of opportunity to learn real software development, particularly Microsoft technologies (.NET Framework/Core, SQL Server) and AWS infrastructure. There is little micro-managing and reasonable schedule flexibility, so long as you meet your commitments. The majority of the people are friendly and helpful. All in all a great place to start your career.

    Cons

    OPIS has become steadily more corporate, cheap, and bureaucratic since being acquired by IHS Markit. There is an increased push to use contractors in "cheaper" countries, to not spend money on travel or team building activities, and to file the proper paperwork at all levels. At the same time there is little corporate oversight over how the business is run, so bad leadership continues. More importantly, OPIS has never known how to appraise, train, and reward developers beyond their early years. IT managers receive little/no training as managers, spend most time on projects rather than coaching people, and have no real influence on employee compensation/promotion. Upper management doesn't track employee contributions, but judge everything on personal impressions that are impossible to change. If you are not one of the handful of people obviously on the fast-track to success here, do not stick around more than five years.

  2. Helpful (2)

    "Good Work-Life Balance, Benefits"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Editor in Wall, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Oil Price Information Service (OPIS) full-time for more than 8 years

    Pros

    Company believes in work-life balance - there's generous leave, you can work from home if needed, and they're okay with you leaving early to take care of personal or family medical issues. Medical and dental packages are more than adequate.

    Cons

    Lack of communication sometimes between managers and direct reports, and between the company's main and satellite offices.

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  3. Helpful (1)

    "Tread carefully with this company. Training is a real problem for them."

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Oil Price Information Service (OPIS) full-time

    Pros

    It's a very clever and solid business model they have.

    Cons

    Training is very poorly done and there is little to zero deviation from their set plan. You are either someone they want or not, and you have no idea how well you're doing at any time. I don't think they always know what they want. Very strange and disconnected environment at times, and is an extremely unhappy, cold, and unnecessarily stressful place to work most days.

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  4. Helpful (7)

    "Relaxed environment, but MANY red flags"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Rockville, MD
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Oil Price Information Service (OPIS) full-time for more than 5 years

    Pros

    - very relaxed environment - gaming room with ping pong table - a good amount of PTO and flex time - scheduled work from home day after 1 year of working - new yearly bonuses - restricted stock options that vest in 1 year - gym available for employees

    Cons

    - raises are terrible - wellness plan was taken away with little notice or reason - Kickoff (yearly party to discuss achievements and celebrate) was scrapped due to budgeting constraints - remote workers were denied travel reimbursements (again due to budgeting constraints) - starting pay is a joke and upper management will not accept the fact that everyone is getting low-balled - budgeting and raises seem to be tied to IHSMarkit goals (which are out of our control) - work can get repetitive and boring - no upward growth; acquisition by IHS resulted in titles that were just fluff, the people at the top are just going to keep getting better pay without any hierarchical changes; merge with Markit was supposed to result in new titles and possible pay adjustment but it was all fluff - promotions are rare and do not come with a satisfactory pay bump - challenging a raise is usually useless

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  5. "Great"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends

    I have been working at Oil Price Information Service (OPIS) full-time

    Pros

    Friendly place to work, exciting technology

    Cons

    There are no cons I can think of.

  6. "Great place to work!"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in Rockville, MD
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Oil Price Information Service (OPIS) full-time for less than a year

    Pros

    Nice new office, great co-workers, game room, etc.

    Cons

    None so far, great place.

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  7. Helpful (3)

    "MAE"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    No Opinion of CEO

    I have been working at Oil Price Information Service (OPIS) full-time

    Pros

    Casual workspace, great people.

    Cons

    Covers up bad salary with loads of benefits that does not benefit the greater good.

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  8. "Great climate, hectic at times but fun"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Oil Price Information Service (OPIS) full-time for more than a year

    Pros

    Supportive culture, pretty good 401k matching policy, management takes time to listen to what employees want and improve accordingly. There is vision and dental insurance which is pretty good. Very stable business model, there is constant growth over 30+ years that promotes high morale

    Cons

    Health insurance could be better, hard to book a conference room sometimes, but overall not bad

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  9. Helpful (5)

    "Salary is Not Competitive"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Gaithersburg, MD
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Oil Price Information Service (OPIS) full-time for more than 5 years

    Pros

    It's more of a casual/laid-back work environment. You can dress casually. In my department, management seems to take more of an interest in your career progression and development so you don't feel too unappreciated or over-looked. Allowed to work from home one day per week. Now that IHS bought OPIS, we have actual vacation hours to use (before we had an open leave policy which meant managers harassed you for taking time off). The vacation and flex leave are pretty generous and help to keep the managers in check when you want to take off.

    Cons

    Office location: there's just one MD office location. And it's not in walking distance to the metro. We have several people who take the metro to and from work and it's a huge hassle to have to take the bus from the metro to the office. The parent company, IHS, doesn't offer public transportation assistance. A way to fix this would be to allow colleagues to work from the DC IHS office or offer additional WFH days. For the area, pay is not very competitive. We're headquartered in one of the richest areas of the U.S., we're growing rapidly and owned by a publicly traded company and we're paid in peanuts (to put it bluntly). This is why very good and highly competent employees who realize their worth are leaving and sub-par employees who don't mind the pay stay. Recommendation: Quit spending money on fruit for the fruit cart, quit giving away big bonuses, and invest that money into the place where it matters the most: people's bi-weekly paychecks. Lets be real here: everyone drives to work every day to get paid so they can pay their monthly expenses and if the costs start to outweigh the joys of the job - you'll see all of the progress OPIS has been making flushed down the toilet due to the highly experienced employees leaving for better-paying jobs. So, you can offer all of the free fruit in the world and throw parties and baseball games, but none of that will matter when you realize you have to get another job in order to keep living in this area (but when you're a 20 + year manager who makes twice/three times as much as your colleagues, that reality is lost on you). GOSSIP and favoritism amongst management can be pretty bad at times. There's too much subjectivity at times and if a manager doesn't like you, you're pretty much over-looked for another employee they can easily manipulate. (In all fairness, the gossip used to be really bad, but it's subsided a lot and in any office environment, you'll find gossip). The caliber of employees has gotten a lot younger and inexperienced. And this is because it's a lot cheaper to higher straight out of college young adults and IHS encourages this trend. The result: you end up spending 80 percent out of the year constantly training and explaining how to do a job because once you train a new 21 year old colleage, they get promoted, you have to hire again and train and so on and so forth. A couple departments are always in flux (i.e. IT and customer service) which are the glue that holds the company together, but this glue can't hold for long if this trend continues. You need to create stability by giving both the new and experienced and tenured employees incentive to remain on board. Work/life balance: This area has improved since IHS bought OPIS with the advent of a fixed leave policy. But asking for time off is still a hassle. I'm allowed by law to use my time off and I'm still harassed for asking for time off while managers can do whatever they want with their time off. And I always make sure to leave a few days extra leave at the end of the year - so I don't abuse it.

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  10. Helpful (3)

    "Oil Price Markets Editor job"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Editor in Rockville, MD
    Negative Outlook
    Disapproves of CEO

    I worked at Oil Price Information Service (OPIS) full-time for more than a year

    Pros

    Nice co-workers in markets editor department

    Cons

    Management very poor, no clear instructions

Found 41 reviews