From its beginnings in 1900, Moody’s Corporation has grown organically and through acquisition to employ more than 10,600 hard-working, dedicated people globally. We strive to be a place where talented individuals join for the job and stay to build a career.
To be an employer of choice, a company has to create a workplace in which employees feel valued and inspired to give their best. We believe that Moody’s is such a workplace. Our employee value proposition is based on four “emotional drivers” that make working at Moody’s special:
One simple statement conveys what we offer our employees: We have impact. So will you.
Our employment website is a dynamic expression of who we are and why Moody’s is a great place to work. The website features videos from senior leaders that clearly explain our three business units, Moody’s Investors Service, Moody’s Analytics and Moody’s Shared Services and the different opportunities they offer. The website is far more than a list of job openings — it answers many questions potential employees might have and reflects the energy and enthusiasm of current employees.
It also makes clear that working at Moody’s comes with great rewards and benefits. Besides the expected health, retirement and insurance benefits, the company offers some less typical benefits. Moody’s employees can arrange flexible work hours according to their needs. We also offer paid parental leave. In some locations, Moody’s has a back-up child and elder care program. In 2016, the company provided more than 7,300 hours of in-home and facility-based back-up care for children and elderly family members.
Our goal is for our employees to have the skills they need to do their jobs now and as they build a career with us. There are a variety of programs to support employees’ personal as well as professional development goals including job-specific, functional and compliance training. These programs provide an important foundation to an employee’s career development from which they can chart their own course.
There are programs to help employees transition to management, if that is their goal. Moody’s offers both core management development programs and business-sponsored “bootcamps” to support the development of new managers. There are programs to deepen or broaden employees’ subject-matter expertise, too. In many of our offices around the world employees can seek education outside the company using our Education Assistance Program. This program helps with tuition for educational opportunities approved by an employee’s manager. We don’t stop there. We believe that the future leaders of our company are in our ranks right now. Therefore, it is important to identify them and help them grow into more senior positions. We invest in them through programs such as senior leadership programs and executive coaching.
Commitment and dedication to diversity and inclusion (D&I) starts at the top. Our President and CEO Raymond W. McDaniel, Jr., acts as chairman of the Diversity Council, the purpose of which is to set the direction of Moody’s diversity and inclusion strategy. Council membership includes senior leaders from across the company working in partnership with the Office of Diversity & Inclusion to implement the strategy.
Since 2012, Moody’s has received the top score of 100% on the Human Rights Campaign Corporate Equality Index (CEI), which evaluates US workplaces on Lesbian, Gay, Bisexual and Transgender (LGBT) equality annually. The 100% score recognizes Moody’s efforts in satisfying all of CEI’s criteria and the designation of Moody’s as a “Best Place to Work for LGBT Equality.” The CEI evaluates LGBT-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs and public engagement with the LGBT community.
The company recruits, hires, employs, trains, promotes and compensates individuals based on job-related qualifications and abilities. Moody’s has a longstanding policy of providing a work environment that respects the dignity and worth of each individual and is free from all forms of unlawful employment discrimination, including sexual harassment and harassment because of race, color, gender, age, religion, national origin, citizenship, marital status, sexual orientation, gender identity, genetic information, disability, military or veteran status or any other characteristic protected by law.
Being named one of Working Mother magazine’s “Working Mother 100 Best Companies” was one of the highlights of Moody’s year. It is a public recognition of what our working parents have known for years — that Moody’s is a family-friendly workplace.
Moody’s made its debut on the list with check marks in all categories — paid parental leave, family support programs such as sick-child and back-up childcare, career advancement programs such as management and leadership training for women, and flexible work arrangements.
Women make up 40% of our US workforce and 33% of our manager and executive ranks and we are actively working to increase those percentages. In the past few years, the Women’s Employee Resource Group chapters have not only been growing, but also spearheading new initiatives for all working parents, not just women. For example, the New York Women’s ERG created the Working Parents Circle, open to any employee looking for peer support.
A circle is a small cohort of members who meet monthly to discuss topics that interest the group. Sometimes outside speakers are invited to address a particular issue, such as navigating the New York City school system. Working Parents Circles are particularly active in the Asia-Pacific region and the US. While the circles were originally conceived as a group for new parents, they have evolved to include all parents.
Moody’s Women in Leadership program is another way we support our female employees. There are two core initiatives: the Building Leadership Presence Through Powerful Communication program for mid-career women and the Senior Women’s Leadership Forum. Women participating in the Building Leadership Presence program are provided a platform to build their leadership skills and develop their personal brand. The Senior Women’s Leadership Forum is a 12-month offering during which participants can enhance their leadership skills through continuous development that involves classroom training, executive coaching, networking and senior leader meetings.
“On the basis of anecdotal evidence alone, this financial-services firm (making its debut on our list this year) is a standout.”
Talent Innovation sponsored in part by The Moody’s Foundation. While some financially privileged young people might fit that bill, those without family financial resources aren’t interested in job-hopping. These millennials — 91% of the survey group — may well be worth the investment in training and development.
Millennials are our future leaders. It is good business to understand what this cohort wants from an employer in order to attract and retain the best. So we take their feedback, gathered from employee surveys and exit interviews, very seriously. It is our job to deliver what they need and be an employer of choice.
What have they said they want? Competitive pay, a chance to contribute meaningfully to the organization, career advancement and rewarding work relationships, to name a few. Moody’s has listened and has developed attractive entry-level programs for millennials, including a new group for MIS’s associate analysts and a rotation program for MA’s associate software engineers.
In 2016, MIS formed the Ratings & Research Support (RRS) group to both streamline how analysts are supported and enhance how associate analysts (AAs) are hired and trained. AAs are now part of a larger cohort of their peers, while continuing their engagement with analysts to provide high-quality analytic support.
Career growth is important to millennials, and the new RRS group supports that. New managerial positions, which will be filled by internal promotion, are being added. To ensure their success, these new managers will receive management and leadership training. And for any associate analyst who is looking to advance his/her career, there is the opportunity to work on specific projects and to improve both their technical and soft skills through the Moody’s Credit Academy. The Moody’s Credit Academy combines foundational credit analytics, group collaboration and communication skills in a multi-week program to jump start the careers of Moody’s junior analysts.
It’s an exciting time to begin a career at MIS. We are committed to creating an environment that will attract extraordinary young talent while reassuring current employees that together we will “co-create” the future of MIS.
“Early career talent offers tremendous opportunity to our organization. We are committed to creating an exciting and dynamic workplace where they don’t just start a career but build one with Moody’s.”
In August 2016, 15 new computer science graduates arrived in San Francisco as participants in the Moody’s Analytics Technology Rotation (MATR) Program. In this two-year program, these associate software engineers will gain experience across multiple business lines and office locations through four, six-month assignments.
After a week of workshops, introductions to the business, meetings with leadership, hands-on coding experience, and team-building exercises, the new employees departed for their first assignments in New York, San Francisco and Omaha. Program participants are fully embedded in the teams they support, and at the end of the six months, they rotate to a different line of business and/or location, based on their preferences and the needs of the organization.
So far, everyone has been extremely enthusiastic about the program experience. The participants are excited to be able to grow through diverse opportunities and the chance to do meaningful work. The managers are impressed with the caliber of the group and enjoy working with them as they move through their rotations.
“The MATR Program helps us recruit the best and brightest to join our software development teams. It’s the result of a deliberate effort at the highest levels to create a meaningful and fulfilling entry-level job that makes millennials want to stay.”