3.0
Nov 15, 2013
Anonymous employee
Current employee, more than 5 years
Chicago, IL
Recommend
CEO approval
Business Outlook
Pros
Great legacy of being the safe place for investors. The firm is stable and many employees have been here for years.
Cons
Company has fallen far behind competitors in technology. To some extent the firm is riding on its laurels. Also, the "care for customers first" culture seems to becoming eroded by a brokerage mentality of sell all the time and getting new business and revenues is the only thing that matters. If this becomes more pervasive, the franchise is in serious danger, especially given the lack of investment in systems. And, it's a bank. Senior people get paid pretty well, everybody else, not so much. Good place to have on your resume. Career advancement will require changing employers.