Vitol S.A. Reviews | Glassdoor.ie

Vitol S.A. Reviews

Updated 23 May 2019

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Found 22 reviews

3.5
StarStarStarStarStar
Rating TrendsRating Trends
59%
Recommend to a Friend
0%
Approve of CEO
Russell Hardy
1 Ratings
  1. "Come here after establishing your career"

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

    I have been working at Vitol S.A. full-time for more than 5 years

    Pros

    - Above market compensation (only if you look at the total package) - Getting to work with capable people, there's absolutely no room for incompetence - even if you're young and inexperienced - Great place to be after establishing your career (but not anytime before that) - One of the top trading houses to work for in the industry

    Cons

    - With most of the total package in the annual bonus, coupled with the culling season that starts before the bonus is paid out, there is a palpable sense of fear. Most are protective of their turf and see colleagues as potential rivals. - Come here at the peak of your career, not anytime before. There are limited opportunities and seniors are not willing to teach because you are nothing but a cheaper replacement for...

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    Advice to Management

    Start investing in your own people - you can't expect to build loyalty if the only thing you give your employees is a great pay cheque. They're just loyal to the money.

    Vitol S.A.2019-05-23
  2. "A good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Projektmanager/in in Geneva
    Recommends
    Neutral Outlook
    No Opinion of CEO

    I worked at Vitol S.A. full-time for more than 5 years

    Pros

    brand name,high salaries and bonuses

    Cons

    no long term contracts given the unsteady state of the industry

    Vitol S.A.2018-12-29
  3. "Money"

    StarStarStarStarStar
      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.

      Vitol S.A.2018-10-15
    • "Good for salary but....lots wrong !!"

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

      I worked at Vitol S.A. full-time for 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 !

      Vitol S.A.2018-09-28
    • "Great paying company"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Senior Tax Accountant in Houston, TX
      Recommends
      Neutral Outlook
      No Opinion of CEO

      I have been working at Vitol S.A. for 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

      Vitol S.A.2018-05-10
    • "Analyst"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee in Houston, TX

      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.

      Vitol S.A.2017-10-19
    • "Former employee"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Commercial Analyst in Geneva
      Doesn't Recommend
      Neutral Outlook
      No Opinion of CEO

      I worked at Vitol S.A. full-time for 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.

      Vitol S.A.2017-09-09
    • "Definitely not a great place to develop a carreer"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      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

      Vitol S.A.2017-09-25
    • Helpful (3)

      "Vitol"

      StarStarStarStarStar
      • Work/Life Balance
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      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

      Vitol S.A.2016-10-26
    • Helpful (2)

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

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

      I worked at Vitol S.A. full-time for 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.

      Vitol S.A.2016-07-13
    Found 22 reviews