Should you get a job at Business Insider?
With over 78 million unique visitors per month Business Insider has achieved a lot since its founding in 2007 by Henry Blodget, a former top Wall Street research director who was banned from the securities industry for life.
Published in 12 countries, Business Insider is ranked as the #1 business website by Comscore.
Are Jobs at Business Insider better than other media companies?
Henry Blodget’s second time around has been far more successful than his first. With a recent sale to Axel Springer for $343 million dollars, Business Insider has secured significant growth capital.
In April of 2016 Blodget shared his big vision for Business Insider to become the “financial publication of record for the digital generation.” He has shared with staffers another ambitious goal — attracting a billion readers to Business Insider’s constellation of sites.
What is it Like to Work in a Job at Business Insider?
Working at one of the fastest growing business publications is not all peaches and cream. In 2016 there was somewhat of an exodus of top editorial staff. Some talked about the pressure for reporters and editors to deliver scoops or that traffic took precedence over enterprise reporting.
“Unless you were writing stories about Chris Pratt’s jeans… you were seen as someone not carrying your weight,” said one employee who left recently.
Another ex-staff member said that “management wanted scoops, but only if they were easy and we could get them quickly.”
“This combination of demands was challenging and often seemed insurmountable,” the former staff member said. It has been stated that reporters were expected to generate 1,000,000 visitors to their stories each month.
According to Glassdoor 89% approve of the CEO and 78% would recommend working at Business Insider to a friend.
Some of the pros and cons of working at Business Insider are:
Great place to meet great people”, “It’s a really exciting place to work with great work/life balance” , “Smart people, fast-paced environment, and challenging opportunities” , “Nice, smart people, accelerated growth, and great exposure” and “A great team that cares about the content, the reporting, and the company”
“You have monthly goals for how many page views you have to reach which can be stressful”, “Lots of “click-bait” and “Curiosity gapping” instead of good content”, “No one knows what they are doing, including the senior editors”, “There was a lot of turnover in editor positions which resulted in backups based on their learning curves”, “BPO-like work environment, impossible targets, no field reporting or original/analytic work done by staff”
Axel Springer and Business Insider Jobs
Germany-based Axel Springer, earns $3.39 Billion in annual revenues and owns newspapers, magazines, TV channels, radio stations, and websites in 35 countries. Its biggest titles in Germany include the daily newspapers B.Z., Bild, and Die Welt.
In September last year, Axel Springer acquired 88% of Business Insider for $343 million in cash, bringing its total stake up to 97%.
Future of Business Insider
The acquisition by Axel Springer, a $3.39 billion dollar media powerhouse, ties both Business Insider co-founder Henry Blodget and his COO Julie Hansen into what Axel Springer described as a 10-year, equity-based retention deal. That means a certain amount of compensation is based on the two staying with the German media company to run the Business Insider unit for the next decade.
If you’re looking for a job at a fast paced company poised to grow to over 1 billion visitors a month then Business Insider could be a great place for you.
Take a look at the Business Insider Jobs in the United States: