Stepping stone job - Reporter Fastmarkets Employee Review

3.0
Oct 19, 2021
Recommend
Business Outlook

Pros

Learn a lot from direct managers Room for growth You will gain a lot of knowledge and it'd very hands on.

Cons

The people at the top are not communicative and a bit unorganized. This puts a lot of pressure on direct managers. Company overall cares more about their clients than employees. Low pay compared to competitors. Unfair pay btwn reporters.

avatar
Fastmarkets Response
4y
Thank you for your feedback. At Fastmarkets we focus on communication at all levels of the company. The programme of global townhalls, quarterly appraisals, regular team meetings and 1-2-1's are all representative of this. In our most recent employee survey 87% said they understood the company strategy and 81% of employees said that they had clear goals and know what is expected of them. Employee engagement and well-being is of key importance to us as a business. This can be seen in a variety of ways, from offering detailed career development conversations as part of our quarterly appraisal process to the launch of global mental health first-aiders. We recently brought in a work-from-anywhere policy and a two-and-a-half-day weekend as part of this work to ensure the well-being of staff. We are very pleased that you recognise the opportunity to grow and gain knowledge here and of course we strive to be much more than a 'stepping stone' to our teams. Thank you for sharing your feedback.

Explore other reviews about Fastmarkets

5.0
Mar 13, 2024
Recommend
Business Outlook

Pros

Lots of room for career advancement. Good transparency from management. Good work flexibility

Cons

Work can be stressful and demanding as some prices are used in clients contracts.

avatar
Fastmarkets Response
2y
Thank you for your 5-star review. We value the time and effort you have put into providing feedback. We are pleased to see your favorable comments regarding opportunities for career advancement and the transparency exhibited by the management team. In response to your observation that work can be stressful, I recommend reaching out to your line manager and/or HR Lead to discuss potential solutions that may alleviate this issue. Once again, thank you for your review.
2.0
Apr 25, 2026
Recommend
Business Outlook

Pros

disappearing rapidly. all the old reasons to work here are being stripped away

Cons

The company was bought by private equity, who set unreasonable growth goals as an excuse to not pay out bonuses or give raises anymore. Fastmarkets' CEO has become obsessed with the former CEO of a competitor, who singlehandedly destroyed the competitor's standing in the markets (they lost all their crude benchmarks due to his poor leadership). But for some reason the current Fastmarkets CEO has overlooked all that and slavishly does whatever the retired CEO recommends. Which seems to be triple all the pricing and drive away all the customers (just like at his old company!) while making the company a worse place to work every day. The desperation is obviously growing internally as the company is stripping itself clean like a chicken bone to fake higher and higher profits every quarter, and employees are given more punitive administrative tasks every month to prove they are providing value. Goals change suddenly without warning, and employees are expected to meet rising goals even while not being allowed to attend industry events because of budget cuts. One year I watched the marketing team have total turnover 3 times in a single year, leading to very chaotic conference events. Sales is given ever-higher goals in completely saturated markets, making it impossible to succeed. At one meeting the sales team bragged about its growth by saying the oldest employee had been there for 60 days - a fact that should be raising alarm bells instead of praise. Pay rates are chaotic and unfair, with younger and less experienced workers sometimes making up to 50% more than longer-term employees. Do not settle for an offer here less than $105k because that is what they are paying new market reporters with hardly any experience - and you will need higher income to offset the risk of joining this company. Fastmarkets is a ticking time bomb for the private equity to strip it and sell it for parts, which means no more jobs for anyone.

3
avatar
Fastmarkets Response
1mo
Response from Raju Daswani, CEO, Fastmarkets Thank you for sharing your perspective. I recognise that periods of significant change can feel unsettling, particularly when expectations evolve quickly, and I want to respond personally. Fastmarkets is being led with a clear, long term view: to build a resilient, high quality, market leading business. As part of that, I deliberately seek input from experienced advisors — both from within and outside our sector — who have led organisations through growth, disruption and transformation. We do this to learn broadly: from successes, from mistakes, and from contrasting experiences. That diversity of perspective strengthens our judgement and helps us avoid repeating the errors others have made. And while we have grown significantly over the last few years and have newer team members, we have many team members with 15-20 years’ experience and more! Operating in highly competitive markets requires tough decisions around pricing, investment and priorities. Those decisions are not about short term optics, nor are they driven by any single external influence. They are grounded in protecting the long term integrity of our benchmarks, delivering value to customers, and ensuring Fastmarkets continues to thrive as a business with a future. That said, feedback like this is important. Even when I disagree with the framing, it highlights where we must do better — particularly in how clearly we explain change, how consistently we set expectations, and how well we connect decisions to long term opportunity for our people as well as the company. I appreciate you taking the time to share your views. Raju Daswani Chief Executive Officer Fastmarkets
See reviews by: Helpful|Rating|Date|All