Vitol S.A. Reviews | Glassdoor.ie

Vitol S.A. Reviews

Updated 14 Aug 2019

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Found 24 reviews

3.3
StarStarStarStarStar
Rating TrendsRating Trends
54%
Recommend to a Friend
0%
Approve of CEO
Russell Hardy
2 Ratings
  1. "Great company"

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

    I have been working at Vitol S.A. full-time for more than a year

    Pros

    fast, aggressive, risk taker, flat organization, respectful

    Cons

    closed, regional, silos, no team work, no clarity in payment

    Advice to Management

    More communication

    Vitol S.A.2019-08-14
  2. "Seems great at first, wears you out later"

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

    I have been working at Vitol S.A. full-time for more than a year

    Pros

    Lots of free food, decent in-house gym, bonuses allegedly high

    Cons

    Toxic work environment, people above can withhold information to take credit when fixing things later, food is designed to keep you in the office longer, lots of profanity and sometimes employees get verbally assaulted. Food will make you gain weight, not clear chain of command and if you do not land on a good team (back-office is terribly managed, mid-office is overworked) then your experience will be miserable. They...

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    Advice to Management

    Improve back-office, new manager seemed promising but it’s the same case as was before. Tons of experienced people from the back-office have left as well as the best manager, the direct managers of some back-office groups are inexperienced and seemed to have been picked out of favoritism.

    Vitol S.A.2019-07-23
  3. "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
  4. "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
  5. "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
  6. "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
  7. "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
  8. "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
  9. "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
  10. "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
Found 24 reviews