3.0
Feb 25, 2013
Former employee, more than 5 years
New York, NY
Recommend
CEO approval
Business Outlook
Pros
Smart people, good salesforce, reasonably good trading desk. Nice offices, part of a bigger and growing brand name. Has the prestige of a large regional broker/dealer. All of this applies to the mortgage fixed-income and structured products groups. It doesn't apply to investment banking or equities, which are the dead weight of the organization.
Cons
Senior management is dishonest and shady about compensation, your division's earnings may be used to subsidize other money-losing divisions, compensation becoming increasingly stock-based (the company is private, so good luck monetizing that stock). The equities and investment banking divisions are money pits.