PitchBook reviews

3.2

46% would recommend to a friend

(725 total reviews)

Rod Diefendorf

37% approve of CEO

36% positive business outlook

PitchBook has an employee rating of 3.2 out of 5 stars, based on 725 company reviews on Glassdoor which indicates that most employees have a good working experience there. The PitchBook employee rating is in line with the average (within 1 standard deviation) for employers within the Management & Consulting industry (3.5 stars).

Reviews by job title

725 reviews
2.0
Jun 16, 2015
Recommend
CEO approval
Business Outlook

Pros

1. If you want to gain exposure to every aspect of the private capital markets, work at PitchBook. 2. If you want to build a career in SaaS/B2B sales, work at PitchBook. 3. If you want to test your personal and professional limits, work at PitchBook. 4. If you want to become become proficient in a highly useful financial software product, work at PitchBook. 5. If you want amazing new hire and ongoing training, work at PitchBook.

Cons

There are truths about PitchBook, and there are opinions about PitchBook. Here are the truths: 1. PitchBook pays significantly lower than many companies in Seattle, especially compared to tech companies. This causes problems for both the acquisition and retention of talent. 2. PitchBook has a lot of organizational dysfunction related to under-developed leadership. By default, the majority of the men in leadership positions achieved those roles as a result of having seniority in a young and rapidly growing company, and not because they are equipped to manage or lead their teams. 3. There are no women in senior leadership roles. As a tech company that operates in the capital markets universe, women are especially scarce and they are not represented among decision makers; a lot of people call it "bro culture," but honestly, PitchBook is not the only place this is a problem, so I don't know whether it is even worth highlighting as part of the PitchBook narrative. Misogyny and male privilege are as equal a part of PitchBook's culture as they are at many other companies. That said, PitchBook is not paving the way for gender equality. 4. PitchBook does not have an executive team, and as a result, the CEO is spread too thin, has his hand in too many projects, and struggles to relinquish control of the daily functions of the company. This really only makes an impact if you're on a team without a solid manager or advocate. 5. There is a certain *type* of person that succeeds at PitchBook. You must be politically savvy, diplomatic, and willing to assimilate. Revolutionary thinkers and people who don't like to party have historically not fit in. If you decide to work at PitchBook, be mindful of how you articulate your ideas and to whom, or it could backfire. Here are my opinions and my experiences: I joined PitchBook in an inside sales role, and I was not successful for a number of personal reasons -- I'm highly analytical, I lacked competitiveness, and I craved more variety in my daily routine. However, I did demonstrate some value in my understanding of PitchBook's industry and product, so I was eventually moved to a different role within the company -- a marketing position -- even though I had never once hit my sales goals. I thought that this new role would be a great fit; I got to collaborate and work on creative projects that contributed to larger, company-wide goals. However, at the time the marketing team lacked a manager and I began to see how hard it was to access guidance, support, feedback, and opportunity. Morale was gravely low. I passionately advocated for change, diagnosed problems and proposed solutions, but it fell on deaf ears. I became frustrated. My delivery became increasingly hostile, both because I felt unheard, and because I encountered very real harassment from a number of men in leadership positions, from comments about my appearance and their apparently inverse relationship with my perceived capabilities, to intentionally created roadblocks in my work product, to actual physical interactions that made me uncomfortable. I don't think this is a common experience, but these experiences absolutely influenced my ability to remain calm and professional in my interactions with key influencers within the company. I lost it and eventually threw myself under the bus, positioning myself as a whistle-blower and purveyor of bad attitudes. So, what do I think about PitchBook? My experience was astronomically bad when it comes to HR issues, but I gained invaluable wisdom and knowledge that I've since applied to my current professional role and aspirations. Because of PitchBook, I know what I want my career to look like 10 years from now, and it's a direction I didn't even know existed at the time I finished college and went on to graduate school. I also learned major lessons in how to better conduct myself when I face challenges and conflicts with coworkers and managers; I learned to "manage up" for the first time ever. Do I regret working there? Definitely not. Do I think it's a healthy place to work? For many people, probably not, but it can be rewarding if you view the experience through the lens of growing pains. It sucks, but you're better for having gone through it. I don't know whether I would recommend working at PitchBook. It was a complex experience for me, as it is for many people, but if I met someone who was applying there, I would encourage them to ask themselves what they value in job opportunities, what they will and will not accept or compromise, and whether a company's values need to align with their own in order to find meaning in a work experience. At the end of the day PitchBook decided that I was not a good fit for it, not the other way around; although, I realize now that PitchBook did me many favors, by teaching me important lessons and by making the decision for me that I should no longer work there. Onward and upward.

1.0
Feb 18, 2015
Recommend
CEO approval
Business Outlook

Pros

1. Culture & Environment - Very young, fun organization with a lot of enthusiasm. A lot of talk about the fun culture with Mariners games, beer Fridays and food at company quarterly meetings, and holiday events. The reality is these employee morale events are the bare bones at other companies. The company tries to sell itself as still having a startup type of environment, but it is far beyond the size and age of any normal startup. Company employees primarily are fresh recruits directly out of undergrad seeking their first role in sales and/or marketing. They start with very low pay and if successful on the inside sales team, then progress to the outside sales, marketing or research teams. Long term, most employees don't stick around as the opportunities aren't very exciting - while you can get promoted to new roles, you either continue to do tedious, super detailed research on companies or you continue to do sales and asked to push your quota further and further each year. Very high pressure on increasing sales at an unrealistic rate. Unless your long term goal is to work as a senior analyst with a financial services or brokerage firm, think twice about the career path options. 2. Middle Management Team - All of the team managers, directors and senior/managing directors are really cool, young employees who started or have most of their careers with the company. They know the company, the business and the industry and are sharp guys. That said, they are young for their levels and do lack management maturity that you would see in companies that focus on leadership development. Additionally, because their experience is limited in working at other companies as leaders, there is little diversity in their leadership qualities as they only know how to see things from the PitchBook perspective. This isn't their fault. Most of this stems from poor leadership coaching of the founder who lacks as effective teacher.

Cons

3. The CEO - While a smart person with a strong passion for the business, the biggest challenge PitchBook faces is the low emotional intelligence quotient of the CEO who has been known to cry in leadership meetings and has burned through a number of high level, outside hires as he doesn't know how to relinquish control as a founder CEO. Various excuses are given for this high turnover of senior leaders, but the common factor is always the CEO. Look at LinkedIn to see the high volume of former leaders who worked at the company that where hired to help grow the business, most of whom worked there less than a year as the CEO pushes them out. 4. The Pay - One of the lowest paying companies in Seattle area for roles in sales, marketing and research compared to what else is available in the market. If you want to make a decent living and quickly grow your salary, this isn't the place to make it happen. Long hours for some fun perks that result in little in your actual pocket and no stock options. Almost unheard of these days to see companies with no stock options. Most of the roles are very silo'd, giving you limited view into the company. Would be better to focus on one of the many hundreds of startups that offer stock options, bonuses and a more exciting culture. 5. Juiced Reviews on Glassdoor - It is well known within the company the CEO advocated employees to post positive reviews on Glassdoor as the company had received a lot of negative reviews in the past. If you go back before early 2014, you will see a majority of negative reviews and then a number of more positive reviews in 2014. Companies with practically no changes in leadership don't all of a sudden get that much better. Do your due diligence with former employees.

1.0
Jul 22, 2021
Recommend
CEO approval
Business Outlook

Pros

Pros -great technology, brand and data -beautiful offices - the company has spent a lot of money making spaces aesthetically pleasing and selecting offices in good areas of the cities they have offices -cool people - have met some wonderful friends through the company -easy job due to a great product -coast all you want, PitchBook sells itself

Cons

Cons PitchBook is the 30 year old that wants to pay you in beer to help them move. The business continues to grow and has cash on the balance sheet but does not see value in paying employees competitive wages Bro, sports, partying culture - NYC office full of drug use with some employees known to pass out 'party favors' to office favorites. Some leaders and employees are well known to get stumbling drunk (throwing up, being carried out, peeing on themselves) at company sponsored events yet those same people continue to be 'in the fold' with senior leadership with no consequences PB does not hire experienced talent (again related to increasing salaries) often cutting corners and choosing to hire cheap rather than experienced talent PB does not trust employees to WFH responsibly Inexperienced, anxious middle managers often bully top performers and practice fear based management Severe lack of diversity (age, race, sex) with disingenuous efforts to address. Management has expressed their awareness and commitment to change the bro culture and lack of diversity. This is followed by creating an employee led diversity initiative (inviting women and POC to join, how novel) and then not doing anything with the ideas generated from these meetings. What the company does continue to act upon is to endorse hosting the holiday party at 1Oak (a notorious NYC finance bro hotspot), install expensive office projects like an in office slide connecting 2 floors or a golf simulator, take on a large corporate sponsorship of an ice hockey team, promote March madness betting pools and continue to push employee referral program that grows the existing group of Brads, Chads, & Tads Tenure and age is rewarded over talent end results - PB often wastes potential of young talent - young talent will sit in roles for years (justified by ever growing rigorous and meaningless career ladders) without mentorship, praise or use of their capacity to meaningfully contribute to the company. This seems to be the result of middle managers unaware of how to identify and nurture talent and/or being threatened & insecure by their talent This is not unique to PitchBook however it is overwhelmingly blatant - HR aligns itself to defend the company, often dismissing, denying, justifying or turning a blind eye to concerns expressed by employees. I have personally experienced many issues HR has acted like they were unaware of because they were not reported through proper channels despite being communicated to at least one person in management in at least one way. As a previous commenter posted, PB is a lawsuit waiting to happen.

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PitchBook Response
4y
Thank you for your feedback. You’ve listed some serious allegations about your coworkers in your posting. I encourage you to reach out to me personally, another member of the senior leadership team or call our ethics hotline so that we can investigate and resolve any allegations that violate our policies. As a high-growth company, we offer a high degree of ownership, accountability, and career progression that we’re proud of. Our quarterly employee survey scores for the NYC office show very high satisfaction rates along with 90% of respondents agreeing that PitchBook is committed to the ongoing training and development needed for employees to grow and succeed in their careers. Anyone on the senior leadership team is willing to meet with you to discuss your allegations and the concerns you raised on talent, trust, and fear-based management and I encourage you to reach out.
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Glassdoor has 779 PitchBook reviews submitted anonymously by PitchBook employees. Read employee reviews and ratings on Glassdoor to decide if PitchBook is right for you.