Fortress Sucks Customer Reviews and Feedback

From Everything.Sucks

Fortress Investment Group is an American investment management firm based in New York City. Fortress Investment Group LLC was founded as a private equity firm in 1998 by Wesley R. Edens, Rob Kauffman, and Randal Nardone. When Fortress launched on the NYSE on February 9, 2007, it was the first large private equity firm in the United States to be traded publicly. As of June 30, 2020, the firm manages approximately $45.5 billion alternative assets in private equity, liquid hedge funds and credit funds.

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I certify that this review is based on my own experiece and is my opinion of this person or business. I have not been offered any incentive or payment to write this review.

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Printer Technician (Current Employee) says

"Their work philosophy is to run things out of FEAR and not mutual respect and professionalism!! Cons: Their work philosophy is to run things out of FEAR and not mutual respect and professionalism!!"

Vice President, Head of Client Services (Former Employee) says

"IT priorities are all over the place - no clear direction, completely confliting directives. Three CTO's, too many captains running the ship. Success is on the back of your peers, so very competitive and back-stabbing is common. Cons: terrible management"

Sr. NET Architect/Team lead (Current Employee) says

"typical day is 9+ hours and you will be flooded with all sort of work. You will be given several projects with lot of expectations. Pay is ok compared to work/hours."

Analyst (Current Employee) says

"Lot of opportunities to learn but very stressful place. No lot of opportunities for advancement. It had many Business Units and teams. Each is different from other."

Head of Quantitative Strategy Products & Analysis (Former Employee) says

"Just an average work environment within the Finance space helping investors make more profits and money, nothing too exciting to write home about. Didn't make you feel much pride to work there."

Financial Analyst, OTC Derivatives (Former Employee) says

"I enjoyed my short time there. I still keep in touch with my former manager, director and CFO. Unfortunately the 2009 great recession caused many places to dwindle or shut down and this is what occurred to the firm during that time frame."

Analyst (Current Employee) says

"Pros:"

Becario/Prácticas (Former Employee) says

"Positiva experiencia, sobre todo en lo que a la integración de diversidad cultural en un país ajeno se refiere."

Former Employee - Anonymous Employee says

"I worked at Fortress Investment Group full-time Cons: Crazy hours, people are rude and uptight."

Receptionist says

"I worked at Fortress Investment Group for less than a year Cons: the other receptionist there was awful,rude and very disrespectful person to be around"

Former Employee - Technology Manager says

"I worked at Fortress Investment Group full-time for less than a year Cons: Clueless management - no strategic direction at all, completely tactical and scared to take a stand. They work from fear rather than competence."

Former Employee - Private Equity says

"I worked at Fortress Investment Group full-time for more than a year Cons: Fortress is a place governed by fear and nepotism. I was expected to have zero work-life balance and be in the office 7 days a week even when I had no work. Even when there were no impending deadlines, my manager made me be at his beck and call on thanksgiving, New Year's Eve, July 4th, and so on. He was verbally abusive to all his employees and peers and often expressed racist and misogynistic views loudly. He truly took pride in belittling people at every opportunity and it is unbelievable that top management let him continue his behavior for so long when several employees complained to HR and quit after working only a few months. There is zero mentorship and no sense of team. Pay is way below street average."

Former Employee - Anonymous Employee says

"I worked at Fortress Investment Group full-time for more than a year Cons: Too much turnover. Hiring practices need to improve. It's well known in the industry that Fortress has very high turnover numbers,"

Former Employee - Associate says

"I worked at Fortress Investment Group full-time for more than a year Cons: No divide between investment professional; FP&A, and investor relations. If you think you are hired for an investment role...you may be expected to work on tasks you didn't sign up for... Decision making extremely centralized. Certain people arbitrarily favored by management over other; hard to move up without connections. Not a good learning environment - thrown in with little knowledge of what to expect/do."

Former Employee - Liquid Markets Analyst says

"I worked at Fortress Investment Group full-time for more than a year Cons: Where to begin? Work life balance is horrible. You are just a body that does work. You have no life. No training for anything and if you make a mistake (depending on your manager) it is like World War 3. No real values or culture. Just work hard and shutup."

says

"I worked at Fortress Investment Group Cons: Extremely long work hours not suitable to family work/life balance. Poor, spur of the moment I.T. Management decisions made by non-I.T. personal. I was one of about four let go, just a month short of bonus time. And the manager who made this decision - he himself was let go about 6 months later."

Current Employee - Analyst says

"I have been working at Fortress Investment Group full-time for more than a year Cons: Operations team seems to have a proverbial stick up the you know where. Regardless of how well they're treated by other groups, they have an inherent hatred of each other and have constant miserable attitudes, and often don't train new hires, and brush them off. When initiative is taken to take self-training courses for products that are used, you are reprimanded, then alienated."

Former Employee - Associate says

"I worked at Fortress Investment Group full-time for more than a year Cons: The back office in general is a capitally mismanaged meat-grinder. There is very little in terms of year-end reviews, raises or employee appreciation. Bonuses are reasonable but considering how much you'll work for them, they will be underwhelming. In general the message is - just be happy you have a job. There are some managers who genuinely care about their underlings but that does not seem to be the overall tone at the top. The culture lacks in collegial environment and professionalism which is surprising for a firm of this caliber. Don't take me wrong - you'll work with some great people - they have brilliant, amazing individuals at Fortress, but unfortunately there is no fundamental culture that discourages the bad apples from treating the rest like crap and rewards those who make a real positive impact."