Mercuria Sucks Customer Reviews and Feedback
Mercuria Energy Group Ltd is a Cypriot-domiciled multinational commodity trading company active in a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas, power, coal, biodiesel, carbon emissions, base metals and agricultural products.
On July 2020 a former employee wrote for Glassdoor about how Mercuria sucks: The benefits are not very good at all. The holiday is allowance is very poor. There is no work life balance. The management dont know how to onboard or support staff. The work culture leaves a lot to be desired
Assistante administrative (Former Employee) says"Environnement instable beaucoup de turn over car la direction change souvent et les promesses ne sot pas tenues"
Full Time Employee (Current Employee) says"Involves a lot of red tape and bureaucratic drama dealing with the Geneva office. In order to get anything done - which generally requires a lot of urgency on this end - you would have to contact numerous people overseas only to be shuffled around to get any sort of cooperation."
HR Assistant US (Current Employee) says"A growing trading company that has potential to become one of the largest trading companies. Handling semi monthly payroll and benefitsFree lunches and free parking"
Accounting and Office Manager (Former Employee) says"Rather than having a real manager, they just made the lead trader the boss. He was extremely unqualified for that task, and even seemed to hate being in charge. He was a producer, not a manager. They tried to save money in this area, and ended up paying out to employees who retaliated."
Trading Support Developer (Former Employee) says"If you don't want a life outside work you can do well here. Clock punchers will persist without reward. There are some very nice people who work there. The attire is very casual."
Head of Oil and Coal Operations, NA (Former Employee) says"I was part of Mercuria's JP Morgan acquisition. After 18 months and a seamless transition, my position was made redundant and I was asked to leave. My total compensation during the transition exceeded Mercuria's normal compensation for the management role I was in."
Middle Officer (Current Employee) says"While it is possible to learn a lot at Mercuria, it highly depends on the nature of the team and your co-workers. However, advancement is limited due to lean team structures and a very flat organisational structure.Good work life balanceLack of growth opportunities within the company"
B.O. Administrator/Global Finance Operations Team (Former Employee) says"you get the chance to grow pofesionally in an international enviroment"
Analyste (Former Employee) says"Environnement de travail agréable et horaires flexibles."
Former Employee - Analyst says"- Old fashioned "trader jerk" mentality and cut throat environment, bullying. - No salary increases unless you resign and get a counter offer. - Extremely high attrition/mercenary culture. - Long hours, manual tedious processes, poor leadership. - Head of HR resigned in 2019 as well as HR Business partners in London, Geneva and US. Replaced with inexperienced admins. - No training and development, lack of diversity."
Current Employee - Anonymous Employee says"Middle office works long hours. Operations management is completely clueless. They are very position oriented and have a chip on their shoulder and consistently talk about their positions. When you're start working for the company, you realize, operations management has very little knowledge. Some of the processes that are being done are very manual. There is absolutely no training for analysts on the system. Compensation and bonuses are non existent. You have to fight for an increase every year and even then it's a struggle. Very cheap when it comes to paying employees a decent salary or bonus. Part of the reason why there are a lot of incompetent managers."
Former Employee - Former Employee says"Treats employees like cogs unless you are front office producer Lies to employees Will get rid of anyone in a heartbeat No communication"
Former Employee - Employee says"No raises so try to negotiate as much salary as possible up front without the expectation it will increase more in the next couple years. Do not count on a bonus either unless you are in the front office. During my time at Mercuria I saw many people laid off without a clear indication as to why, and some of those were with the company a year or less. Also, it is almost unheard of for people to move around departments so expect to spend 3 or so years in the role you initially accept. As for work-life balance, this really depends on which department you are in, but don't count on it. Many people work weekends and late nights. Even after working 80+ hour work weeks, and being a high contributor to your department, do not expect to be compensated for that performance in the form of a bonus."
Current Employee - Anonymous Employee says"Run by arrogant, greedy, incompetent managers, with no concept of how to operate a business without trying to cut all corners. Unless you are a productive trader, work-life balance is non-existent. If you are in the US, you will face a never ending uphill battle to get anything productive accomplished. In the back office, you will always be paid less than the market minimum, and face constant obstacles to get the job done. They will lie to you about bonuses just to hire, and will always look for a reason not to give raises, and not honor contracts."
Former Employee - Java Senior Developer says"The benefits are not very good at all The holiday is allowance is very poor. There is no work life balance The management dont know how to onboard or support staff The work culture leaves a lot to be desired"
Former Employee - Analyst says"Cutthroat, no training, no trust, low salary"
Former Employee - Anonymous Employee says"Was NEVER invited for team meetings, hence learning nothing in the process Felt tense when approaching your manager for help or just to understand the workflow Discriminates across ranks.... non important staff treated like dirt although they are also part of the value chain of improving the work process (otherwise the traders have more to do! Avoid at all cost if you are just starting out.... great if u know your stuff and know how to carry the right balls."
Former Employee - Anonymous Employee says"A cutthroat environment with limited career development opportunities. Salaries and comp package well below market rate with no/limited progression (especially if you are not a trader). Anyone else working outside core trading business is a second-class citizen."
says"no development for employees, bad packages, poor work environment and treatment of employees in general, high"