LeapFrog Reviews

3.6

65% would recommend to a friend

(29 total reviews)

Andrew Kuper

77% approve of CEO

74% positive business outlook

LeapFrog has an employee rating of 3.6 out of 5 stars, based on 29 company reviews on Glassdoor which indicates that most employees have a good working experience there. The LeapFrog employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

29 reviews
2.0
6 Oct 2013
Recommend
CEO approval
Business outlook

Pros

- Extremely talented non-partner staff, with top tier backgrounds - Growing rapidly - Offices across three continents means lots of international travel -- HQ is in Sydney! - Dedicated mentors for Fellows

Cons

- Compensation in bottom quartile for PE firms of comparable AUM and focus - Promises the moon and more in recruiting, then fails to deliver. Hires McK / BCG / Bain / JPM / GS type backgrounds for data entry, formatting documents and photocopies - Markets as an "impact" firm but impact is not an internal priority, and not seen in investments. Only important to leaders when it's time to fundraise. - Hierarchical and political. Decisions are based on "power of the story" and not data, and thus next steps require painful consensus building and string-pulling. Top-heavy structure means strategic decisions take a very long time; LeapFrog has the turning radius of an ocean liner. Junior staff have no ability to correct or make suggestions to senior management, no matter what their model or industry report may say. If a partner says it, it's right. - Male leaders get to skip conference calls to put kids in the bath, but female leaders... actually I don't know, since there are no female leaders - Obsessed with PR. Don't bother making a Google alert. The CEO will email you if his name ever comes up in a news article, and ask you to Tweet it. Ridiculous for a PE firm to have 10% of FTE devoted exclusively to PR, on top of IR staff. Why spend time making investments, when instead you could talk about hypothetically making investments?

1.0
14 Oct 2014

All sizzle, no substance; terrible treatment of staff

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

-Leader in the impact investing space -One of the top commercially oriented impact funds -Great growth trajectory -Raised a substantial second fund -Relevant specialist sector expertise

Cons

CEO and partners are all talk, no substance. They treat employees terribly, don't create career/growth paths internally, and have created a toxic and painful work environment. CEO in particular is bad news - unethical, thinks he is God's gift to the world, obsessed with PR, and a bad human being. No loyalty or respect for the team. People are expendable. Facts don't really matter when there's the opportunity to get some news coverage. He will blatantly lie and manipulate. Not an enabling environment for growth or professional development in any way. They will lie to you when they hire you and tell you that you're going to get great opportunity and exposure, but once you're in, they'll treat you like dirt. Junior staff are expected to be at the beck and call of the partners, with no upside. Lots of turnover at the mid-level, so mentors for junior staff are often partners who are incredibly inaccessible.

1.0
6 Oct 2017

Avoid

Recommend
CEO approval
Business outlook

Pros

They're good at hiring Some inspiring colleagues Travel Good name

Cons

Main reason for writing this is that there are about ten reviews on here which I realized come straight from Leapfrog's PR playbook. It's totally transparent to anyone who's worked there more than a minute. I'm shocked but not surprised by that decision from the PR team.............. They are obsessed with PR. Especially the CEO. The size of the PR team they have is crazy for a PE firm. They're really good at selling a story but not too good at much else and it doesn't take long to feel like you're working somewhere unethical. Most of the recruits don't last long, which is sad because they get some awesome people on board. Theres also a lot of really dissatisfied employees who are total sycophants in public but whine over + over behind closed doors... doesn't make for much of a culture. Couple questions to ask when you're interviewing: what impact are you ACTUALLY having? No not the number of people your investments touch, the actual impact. Why are there hardly any senior women?Why are you asking me to take a pay cut when you're supposed to be making good money? Will I get to own my work? (They're actually putting in the job postings now that you 'might have to do photocopying' which tells you a ton abt how they value talent....but at least theyre being honest) If you're ok with their answers to all that, then by all means take the offer. But don't say this site didn't warn you.

avatar
LeapFrog Response
8y
I’d like to address some of the points that have been raised. As a high growth company, we are actively taking the steps to ensure we build a culture that continues to attract the best people to LeapFrog, and keep them. Our recently introduced annual employee survey and 360 review process provides channels to ensure everyone is heard and the feedback, both positive and negative is acted on. On the question as to why there aren’t more senior women at the Firm, it’s simply because there is no silver bullet. We’ve made recruitment of women in general, as well as senior women a priority for the Firm for some time now. In fact we are very proud to say that we are trending well above the industry average with junior to mid-level females at 47.8% e (against “WEF - Women in PE 2015” of 13% ) and senior level at 25.9% (against “Prequin Women in PE 2016” of around 10%). We know we have further to go on this, and it remains core to our recruitment strategy. Regarding your observations on job postings, you are correct and our strategy is deliberate. We are aiming to make sure people coming in have an accurate view of what their role will entail. We have a saying at LeapFrog, “everyone gets coffee”…and sometimes everyone photocopies too! We aren’t a multi-tiered investment house, and we’d rather work towards meritocracy which benefits everyone, not just the senior folks. Regarding the impact of our work, I think our consumers tell it better than I ever could http://www.leapfroginvest.com/videos/leapfrog-10-years-100-million-people-reached/ . Finally, if you’ve worked here, you’ll know our communications team covers PR, support for IR, marketing, internal coms, support for portfolio companies, etc. So it’s a very small team that does big work. Importantly, this is a small team that is big on integrity and simply has never posted a false review on Glassdoor. - Head of People
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Glassdoor has 34 LeapFrog reviews submitted anonymously by LeapFrog employees. Read employee reviews and ratings on Glassdoor to decide if LeapFrog is right for you.