Parabolic USA (career coaching and staffing) -- Several red flags

I was curious about Parabolic (parabolicusa.com) so I filled out their brief interest survey and booked a Calendly call...

Red flag 1: They ask in the survey whether you are okay with paying for their service (implying that you pay before even getting an offer)

Red flag 2: I scheduled two separate calls through Calendly with two separate employees and neither showed up for their calls. I even sent out reminder emails 5 minutes in and they each replied later with some BS excuse as to why they got held up.

Red flag 3: Several of their employees are interns (currently in undergrad) and several others don't even have Parabolic listed on their LinkedIn profiles, which reminds me of people I somewhat know that are in those mega-sized pyramid schemes (Amway, etc.) who also knew not to post it on their profiles.

Red flag 4: They do not post any of their job listings on their website. There is no knowing that they even have many postings to list..

Comments (11)

Most Helpful
2mo
jordan_6, what's your opinion? Comment below:

First hand experience with them right now (2 weeks in). All of this is correct more or less:

1) Yes you put down a deposit to begin a headhunting contract with them. They work for you not like Shelby Jennings that works for the company they were hired by and pays them. 

2) Yeah they are disorganized as hell I still get marketing emails about their services even though I'm already a client.

3) Femi Palmer and Tony Zheng are the two main guys doing all the leg work and the others are kind of fluff. However there are coaches behind the scenes that do interview prep and resume review that don't show up because its a side job for them. Think like WSO mentors but with more specialized experience and it was more productive IMO than any WSO mentor that I have experienced. The coaching part is definitely the most solid part so far.

4) Yeah after you get brought in they share this google drive equivalent like thing that's full of "nothing data" like here's a bunch of job's, talk to the rep about each one you're interested or don't because you are going to brought up anyway if you're a fit so it doesn't matter.

My maybe naive stance so far is they can be as sketchy as they want to be as long as they get me a job.

2mo
jordan_6, what's your opinion? Comment below:

They had 3 different packages with 3 different options each for deposits it could be 0 to 10k (no base % charge for 10k). I think at best its as low as 7k and at worst 16k. I wouldn't use them if you already have direct industry experience. I still have them if you shoot me your email.

28d
drgreghouse, what's your opinion? Comment below:
jordan_6

First hand experience with them right now (2 weeks in). All of this is correct more or less:

1) Yes you put down a deposit to begin a headhunting contract with them. They work for you not like Shelby Jennings that works for the company they were hired by and pays them. 

2) Yeah they are disorganized as hell I still get marketing emails about their services even though I'm already a client.

3) Femi Palmer and Tony Zheng are the two main guys doing all the leg work and the others are kind of fluff. However there are coaches behind the scenes that do interview prep and resume review that don't show up because its a side job for them. Think like WSO mentors but with more specialized experience and it was more productive IMO than any WSO mentor that I have experienced. The coaching part is definitely the most solid part so far.

4) Yeah after you get brought in they share this google drive equivalent like thing that's full of "nothing data" like here's a bunch of job's, talk to the rep about each one you're interested or don't because you are going to brought up anyway if you're a fit so it doesn't matter.

My maybe naive stance so far is they can be as sketchy as they want to be as long as they get me a job.

Hey bud, 

So can you update on any progress so far?? Have you landed a job?

I understand all the red flags and concerns yet somehow I'm still here debating if I should use their premium service to get me a job..

17d
leohood, what's your opinion? Comment below:

When I started using their service back in the Summer it was disorganized, but they picked up the slack by September and things have been pretty good since. I have been on the Premium plan so they were very responsive and serious about giving me a premium experience. I started using them in August and stopped last month after I landed an offer in Fixed Income Sales & Trading at a Bulge Bracket. I was previously doing Trade Support at a Bulge Bracket and came from a semi-target school (Class of 2020). While their prices are high, the jobs they help people get are also high-paying so I thought of it as an investment. While there was a small chance I could have got the job myself, the process likely would have taken at least a few months longer than without the help of Parabolic, which ensured I was prepared for interviews but also helped network and source on my behalf. They are also cognizant of people's financial situations and gave me a generous discount, so I am very happy they did this for me

1mo
drewsi, what's your opinion? Comment below:

Hey Any updates on your progress with parabolic so far? Were you able to land a job/interviews at good firms/salary

1mo
jamesbaldwin, what's your opinion? Comment below:

I have had a two conversations with this Femi Palmer character. I ultimately decided work with them for two reasons. Firstly, they contract they sent over was full of typos. Secondly, I it may be a scam. My understanding of their business model is that you pay $XX amount to work with them once they get you a first round interview and they will work with you until you get "that job" offer. As they mentioned on their website they are well connected. So, what if they have a hiring manager they are friends with pull you into an interview process with no intention of bringing you past the 1st round......

  • 2
17d
andydes1, what's your opinion? Comment below:

Hi James, they have a money back guarantee policy based on landing a job, not receiving an offer or even an interview. If they have friends who are hiring managers and get you an interview, then that wouldn't satisfy their money back policy. 

I was also a bit concerned when I saw typos in their contract. However, I gave them the benefit of the doubt as they are a startup without a legal team. It was a risk, but I am happy I took it 

1mo
PetFro, what's your opinion? Comment below:

I asked about their "money-back guarantee". In summary, their service is $500+ per month to get 20 applications. There is no money back for submitting applications. Do not use their services. They have sent me 7-8 emails pushing me to join. Their most recent email:

I know cost was a concern in the past, which led us to come up with an Access package that only costs $500/month and that you can cancel at any time. It comes with 2 coaching sessions a month and 20 job applications we do for you, plus the Notion Drive with the ATS-beating resume software as well as the other factors that were mentioned in the previous packages.

We do not give a money back guarantee for the job application services, since we are physically applying to jobs for you and sharing the sheet with you.

Service essentially saves you time.

17d
andydes1, what's your opinion? Comment below:

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