|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Sep 27th, 2020 12:00AM
|
Open
|
Open
|
New Constructs
|
Software Engineer
|
United States
|
USA
|
Poor Management Decisions, No Direction
|
|
Unrelated to management, but at the time there was a good relationship between analyst and engineers.
|
Zero direction, management chases every thing that can make a few dollars, even if unrelated to core business. Seems there 5 year plan is to get lucky and stumble onto a gold mine.
|
-1.0
|
NEGATIVE
|
-1.0
|
NEGATIVE
|
-1.0
|
DISAPPROVE
|
0.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
1.0
|
|
300085
|
Open
|
You can't force culture, culture is something that cultivates itself.
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Nov 3rd, 2019 12:00AM
|
Open
|
Open
|
New Constructs
|
Senior Analyst
|
Brentwood, TN
|
|
Exceptional Experience and Perspective on Valuation
|
|
• Unique, unbiased, buy-side, value-oriented perspective on valuation
• Employees that go above and beyond to perform and demonstrate strong understanding of the model are generally well-rewarded
• Great work-life balance; CFA program is encouraged and you will have time to study
• Active thinking, innovation, problem-solving, propositions/proposals are encouraged and well-received by management
If you have a passion for equities and the public markets, this is a fantastic opportunity. You will master the technical mechanics of financial statement analysis and valuation while working alongside software engineers to do this as efficiently as possible. The environment is generally contrarian where nothing is ever taken at face value. New Constructs does the diligence that many investors neglect.
The knowledge offering is immense and the pay is competitive. Do some research on Nashville and think outside of the old, devaluing NYC/Chicago box. No city nor state income tax in Nashville. Multiple cost of living calculators determine that ~$145k in NYC is the equivalent of ~$60k all-in starting in Nashville. You will generally work 40-50hrs a week compared to what will likely be 80+ elsewhere. Do some basic math here and you'll recognize that this is a very fair deal.
|
Not necessarily cons but things you should be aware of/able to handle:
• The firm is small and resources are often limited; you will frequently need to juggle multiple projects while dealing with new work/issues throughout the day that arise
• There may be times when you may be halfway through working/researching on a project but must put off returning to it for a while because a higher priority need has arisen
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
5.0
|
|
300085
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
4.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Aug 8th, 2017 12:00AM
|
Open
|
Open
|
New Constructs
|
|
United States
|
USA
|
Analyst
|
|
Great training! You will learn alot about financial statements and what is hidden in the notes. Very small firm, so you will be working on meaningful projects from the start.
|
The compensation is low relative to more established peers. There is no 401k for example. Filing Season is very long.
|
1.0
|
POSITIVE
|
0.0
|
NEUTRAL
|
1.0
|
APPROVE
|
0.0
|
4.0
|
3.0
|
0.0
|
2.0
|
3.0
|
3.0
|
|
300085
|
Open
|
Keep up the good work
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
4.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Feb 2nd, 2017 12:00AM
|
Open
|
Open
|
New Constructs
|
|
United States
|
USA
|
I wasn't cut out for it
|
|
Financial education - they go deep into methodologies driving equity valuation, arming employees with great tools to further their financial career
Bonus structure - employees are rewarded for how well they perform during crunch time
Peers - All employees are highly intelligent, driven, and all-around excellent people
Super bowl party - they get after it
|
Filing season - very long days in early spring require employees to be "on" the entire time reading 10-k's
Factory-like culture - employees' bonus based on performance in filing season; speed reading practically as important as actual financial know-how; generally higher stress
Limited developmental opportunities - after first few weeks of training, analysts expected to be able to solve all problems without assistance; company culture frowned on asking for help
Pay - good for Nashville, but not so much when considering hours/intensity worked; no retirement benefits
|
-1.0
|
NEGATIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
3.0
|
3.0
|
2.0
|
4.0
|
3.0
|
3.0
|
|
300085
|
Open
|
Clearly communicate expectations for project completion
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Oct 31st, 2016 12:00AM
|
Open
|
Open
|
New Constructs
|
Associate Analyst
|
Brentwood, TN
|
|
Associate Analyst
|
|
-Excellent introductory program training program led by the CEO, David Trainer.
- Great opportunity for in depth practice analyzing financial statements. You will look through hundreds of financial statements in your first few months of employment.
- Encouraged to bring new ideas to the table for financial models and the business as a whole from day one.
|
-Hours during filing season (February-March) are lengthy (Monday-Friday 6am to 6pm with the option to work Saturdays).
- Must be able to juggle multiple projects simultaneously. It is a small company meaning everyone is responsible for multiple tasks. Not recommended for those who struggle with time management.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
4.0
|
5.0
|
4.0
|
5.0
|
|
300085
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
1.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Oct 31st, 2016 12:00AM
|
Open
|
Open
|
New Constructs
|
Associate Analyst
|
Brentwood, TN
|
|
Great learning experience at small firm
|
|
You will learn a lot in a short amount of time here. Two week classroom training will teach you more about equity research than most undergraduate programs. Have the ability to touch all aspects of the business, with feedback welcomed and encouraged by management. Friendly atmosphere, they do a good job of screening applicants for a good fit.
|
There can be a lot of disorganization. Things can come up last minute and you have to change your prioritization. That can frustrate many people, but is probably pretty standard with small companies.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
0.0
|
5.0
|
5.0
|
5.0
|
4.0
|
3.0
|
5.0
|
|
300085
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
1.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Jul 11th, 2016 12:00AM
|
Open
|
Open
|
New Constructs
|
|
United States
|
USA
|
Associate Analyst
|
|
Great training program for incoming employees that includes classroom style sessions with the CEO. Hours are not as intense as many equity research firms with the exception of filing season which last 1-2 months.
|
Bonuses are tied to performance during filing season which only last 1-2 months rather than evaluating employee performance over entire year.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
1.0
|
4.0
|
0.0
|
0.0
|
0.0
|
0.0
|
0.0
|
|
300085
|
Open
|
management should consider changing incentive structure to account for individual performance over the entire year rather than just the 2 month filing season.
|
0.0
|
[]
|
|
No
|
Yes
|
|
0.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Apr 12th, 2015 12:00AM
|
Open
|
Open
|
New Constructs
|
|
United States
|
USA
|
Poor management and questionable value
|
|
Some of the people in the company were great to work with. The training provided some solid financial analysis skills.
|
I found it a bait-and-switch situation. There were great promises of deep analytics skill development and advanced responsibility. After a six months, the reality became apparent: the bulk of people were there like sweat-shop workers. The owner is under the delusion that he has a corner on the market of truth and accuracy. Overall environment was pretty toxic.
|
-1.0
|
NEGATIVE
|
0.0
|
NEUTRAL
|
-1.0
|
DISAPPROVE
|
11.0
|
1.0
|
3.0
|
1.0
|
1.0
|
2.0
|
1.0
|
|
300085
|
Open
|
Management should retire and let someone who is competent run the company.
|
0.0
|
[]
|
REGULAR
|
No
|
No
|
|
0.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Jan 14th, 2015 12:00AM
|
Open
|
Open
|
New Constructs
|
Associate Analyst
|
United States
|
USA
|
Great Entry Level Experience for Recent Graduates Interested in Equity Research and Data Analysis
|
|
- The experience acquired working at New Constructs is absolutely unique compared to what you might get at another research outfit. Specifically, because the company covers such a high volume of stocks at such a granular level, analysts are able to develop an intuitive understanding of the various tendencies and structure of a typical company in each industry.
- Environment supports regular idea development and constant improvement of existing processes. Very similar to a Silicon Valley Start-up in this sense. Management recognizes that its greatest asset is it's employees: when an employee has an idea that might improve competitive position, the company encourages the employee to develop and implement the idea.
- Fantastic Work/Life Balance, aside from February through April.
|
-Filing Season in February through April. Hours are lengthened and work can be stressful.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
1.0
|
5.0
|
5.0
|
5.0
|
4.0
|
3.0
|
5.0
|
|
300085
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|
|
private:newconstructs
|
https://www.glassdoor.com?employer_id=300085
|
Oct 27th, 2014 12:00AM
|
Open
|
Open
|
New Constructs
|
Associate Analyst
|
Brentwood, TN
|
|
Associate Analyst
|
|
I applied to New Constructs attempting to break into finance after spending 10 years as a golf professional. I noticed that their Associate Analyst job posting said "Experience in finance and accounting is helpful, but not required. All majors are encouraged to apply." Although I had a finance degree, I was attracted to the fact that they did not require a finance background. New Constructs recruits candidates from any background that are smart and have a sincere interest in equity investing.
New Constructs has been able to attract a number of great analysts from non-traditional finance backgrounds. The head of the analytics department initially started as an Associate Analyst with a background in philosophy PhD work. A previous analyst I worked with had a BA in the Classics from a liberal arts college. Working with a highly intelligent and diverse group of people at New Constructs has been a great experience.
New Constructs invests heavily in training new analysts. All new analysts are required to pass a 2-week classroom portion of training covering topics that include Capital Markets Theory, Corporate Finance, Valuation, and Strategy. The classroom portion of training is taught by the CEO who sacrifices a significant amount of time from his busy schedule. This is a great opportunity, especially for new analysts that don't have a finance/accounting/economics background, to learn MBA level finance and accounting. After successfully completing the classroom portion of training, analysts go through 3-4 months of systems training where they learn how to use New Constructs' proprietary app to navigate through corporate filings and build some of the most sophisticated and accurate valuation models for over 3,000 companies.
Analysts are encouraged to convey their ideas. Interaction with the head of the analytics department (VP of Research) occurs daily. This allows analysts to showcase their value and make immediate contributions and improvements to the analytics department. New ideas often lead to new projects that an analyst will be responsible for researching, implementing, and documenting. Management also allows analysts to take ownership of their projects. This is ideal because it allows analysts to submit the work they had envisioned.
Work/life balance is excellent. New Constructs prides itself on efficiency so during work hours, analysts are expected to complete tasks as efficiently as possible. This affords analysts the luxury of working a regular 8-5 M-F schedule 11 months out of the year. For one month out of the year, during corporate filing season, analysts work roughly 6-6 M-F with the option to work 7-5 on Saturdays. Analysts that choose to work on Saturday are compensated with 1.5 vacation days for every Saturday they work. As a previous reviewer posted, analysts are compensated well for this month with bonuses that are based on performance.
New Constructs' office is closed for all market holidays, the Friday after Thanksgiving, the Monday after the Super Bowl, and two weeks during Christmas and New Years. These days off are in addition to vacation and personal time. Throughout the year, New Constructs also sponsors a Super Bowl party, Christmas party, company outings (that are actually fun), and the occasional office lunch.
|
A sincere interest in fundamental equity research and data analytics is essential. We do not do any technical analysis. If you're fascinated by Warren Buffett's long-term value approach, New Constructs might be a good fit. If you're fascinated by CNBCs guests that interpret charts and short-term price movements, New Constructs is not for you.
|
1.0
|
POSITIVE
|
1.0
|
POSITIVE
|
1.0
|
APPROVE
|
2.0
|
5.0
|
5.0
|
5.0
|
4.0
|
3.0
|
5.0
|
|
300085
|
Open
|
|
0.0
|
[]
|
REGULAR
|
No
|
Yes
|
|
2.0
|
|
|
|
Mar 25th, 2021 06:39PM
|
Mar 25th, 2021 06:39PM
|
New Constructs
|
Financials
|
General Financial
|