Vitol S.A. Reviews | Glassdoor.ie

Vitol S.A. Reviews

Updated 29 December 2018
21 reviews

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3.6
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Russell Hardy
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Employee Reviews

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  1. "A good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Projektmanager/in in Geneva (Switzerland)
    Former Employee - Projektmanager/in in Geneva (Switzerland)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Vitol S.A. full-time (More than 5 years)

    Pros

    brand name,high salaries and bonuses

    Cons

    no long term contracts given the unsteady state of the industry


  2. "Money"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Vitol S.A. full-time

    Pros

    Place pays well. Fast paced, usually. More responsibility than other shops.

    Cons

    Very specialized job functions. Unclear path for growth.

  3. "Good for salary but....lots wrong !!"

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

    I worked at Vitol S.A. full-time (More than 10 years)

    Pros

    Salary and the ,no budget culture of spending ..which is good because they dont mind spending nor wasting.
    Bonus not too bad

    Cons

    No progression or any real care for there employees
    Lots of dead weight , lots of employees whose time has passed but are still employed . Still living in the 19th century .

    Advice to Management

    Tighten up and look around you and see the wastage of money and time !
    Listen when employees are trying to tell you the wrongs !


  4. "Great paying company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Tax Accountant in Houston, TX (US)
    Current Employee - Senior Tax Accountant in Houston, TX (US)
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Vitol S.A. (More than a year)

    Pros

    Developed many great friendships there

    Cons

    Not enough work life balance

    Advice to Management

    Would recommend instituting a policy for better language


  5. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Houston, TX (US)
    Current Employee - Anonymous Employee in Houston, TX (US)

    I have been working at Vitol S.A. full-time

    Pros

    Working with very smart traders who know what their doing. Open trade floor concept with an open door type culture which is at its advantage if you want to work collectively together to execute deals. Managers do not micromanage and trust you will get the work done on your own time. Total comp is good and above average. Great benefits, free food.

    Cons

    Overall poor management - few have had little to no training. Issues get overlooked or ignored. No assistance with the resources required to get the job done. High-volume of work but not enough to allocate to - very lean. Base salary below average - out of norm bonus structure makes it hard to plan future finances. Flat structure, no room for growth.

    Advice to Management

    Take management classes on how to deal with people as a leader. Listen, take action and follow-up with your employees vs ignore.


  6. "Former employee"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Commercial Analyst in Geneva (Switzerland)
    Former Employee - Commercial Analyst in Geneva (Switzerland)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Vitol S.A. full-time (More than 3 years)

    Pros

    Total package (retirement plan and total compensation) is above market, great reputation in the oil industry.

    Cons

    Salary is below market, bonus makes out too big a part of the total package which makes you dependant on it and promotes a culture of fear within the company. Very few people with "executive" power (heaps of people who play around for hedging purposes or to keep busy and call themselves "traders").

    Advice to Management

    Change the remuneration structure, hire people with vision and true leadership skills to avoid presenteism among the staff. Truly empower people - will be profitable in the long run and will allow the company to reinvent itself.


  7. "Definitely not a great place to develop a carreer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    No opinion of CEO

    I have been working at Vitol S.A. full-time

    Pros

    Package is good if you include bonus and social benefits
    Good opportunity to learn a lot about the trading business

    Cons

    Some awful people at management positions
    A lot of frustration, fear and competition in some departements, but people stay because of the compensation
    Brutal culture

    Advice to Management

    Start building a management policy at the level of your reputation in the business

  8. Helpful (3)

    "Vitol"

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

    I worked at Vitol S.A. full-time

    Pros

    Highly driven atmosphere and ample rewards for those willing to work for it.

    Cons

    No cons, if you're weak you probably won't last long. Not a place that holds dead weight lightly.

    Advice to Management

    None. Who am I to give advice to managment. Ridiculous twenty word minimum


  9. Helpful (2)

    "Good place for traders, the rest is so so"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX (US)
    Former Employee - Anonymous Employee in Houston, TX (US)
    Doesn't Recommend
    Positive Outlook

    I worked at Vitol S.A. full-time (More than 3 years)

    Pros

    Company was designed as a trading shop and it is one of the best run trading shops I know. People are on arrogant side, but they know what they do. Incompetence does not live long there.

    Cons

    Support personnel is fine, but business support functions and IT structure are severely outdated. Management prefer to hire 10 cheap graduates than invest in fixing internal inefficiencies. Compensation outside of trading teams is mediocre at best.

    Advice to Management

    None. Company makes money and profitable, thus management does its job right.


  10. "Great Company"

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

    I worked at Vitol S.A. full-time (Less than a year)

    Pros

    Great company to work for, nice coworkers, free food and snacks, on-site gym..

    Cons

    Stressing job, always had to work over time due to deadlines.