Raymond James Financial reviews

4.0

80% would recommend to a friend

(2,486 total reviews)
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Paul C. Reilly

89% approve of CEO

75% positive business outlook

Raymond James Financial has an employee rating of 4.0 out of 5 stars, based on 2,486 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Raymond James Financial employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

2K reviews
1.0
Jul 8, 2013
Recommend
CEO approval
Business Outlook

Pros

Nice office, art on the wall instead of the usual motivational posters is a nice change. Benefits start after 90 day probationary period. Parking garages are nice in since they are in Florida (rain/heat). Lots of quality people working for this company.

Cons

Was a great place to work until the last couple of years. The Company's direction has changed drastically from long term conservative growth to short term profits. Corporate culture is the worse I've ever seen. Departments are pitted against each other and have very adversarial relationships. There is zero focus on the endgame; instead the focus is on department budgets and who has to pay for what. This usually results in finger pointing and no action taken to correct the issue. Employees are treated as 3rd class citizens and looked down upon by upper management. You definitely get the impression that you are considered a burden to the company and not a valued member of a team. Any suggestions to improve processes, service levels, employee morale, etc... are taken as criticism and highly discouraged by lower and upper management. Office politics are rampant and the resulting stress levels are thru the roof. High production and hard work are punished on a regular basis. The theory seems to be that if you make you Supervisor look good then the other Supervisors in the department need to make you look bad to compensate. Most employees agree that their actual job is not a problem, but the stress caused by management makes the work environment miserable. It has become the very definition of a toxic workplace. The HR department (with certain exceptions) is pretty much useless. I don't think I've met a single person who works there who is happy with them. Career opportunities are extremely limited. The company seems to have changed from trying to find qualified experienced people to hiring green associates. Most positions are not filled by the best person for the job but whoever has a friend that can get them in, someone who just graduated college or from Wal-Mart, Best Buy, Target etc... There is no effort by management to help associates advance their careers. It’s basically every man for himself at RJ. RJ recently changed their Health Ins to a high deductible plan in order to save money while also increasing the montly premium for less coverage.

1.0
Jul 8, 2021

Don't waste your life here.

Recommend
CEO approval
Business Outlook

Pros

They are located in Florida

Cons

Sexual harassment is very common. Happened 3 times to me, went to HR but they did nothing. Racism is very common but they pretend to try and fix the issues. They made a big fuss over the BLM protests last summer saying they would do better but nothing changed. CEO and other managers take time to send out letters of hope and love during most catastrophic events like hurricanes but surprisingly said nothing about the Jan 6th attack on our capital. Very suspicious. Many were probably at the attack. Supervisors will change policies mid sentence just to throw you under the bus. Managers will blacklist you from development opportunities if you question even the smallest stupidest policy. Don't fall for their "charity" work. They will charge participants to fully pay for any charity events and pocket the cash. Very little ends up donated to charity. Entry level jobs require 10+ years of experience and wages are at the poverty level for everyone other than financial advisors.

2.0
Dec 5, 2020
Recommend
CEO approval
Business Outlook

Pros

A few good coworkers. Ability to wfh during the COVID-19 pandemic.

Cons

Managers foster a horribly toxic work environment (harassment, micromanaging, general incompetence), and HR ignores these behaviors due to their tenure. These managers go through no formal or informal training on how to manage people and therefore do not have the capability to do so. Benefits and pay are both subpar and below industry standards. Laid off hundreds of employees after ensuring they would not, and then told remaining employees they’d “known they were overstaffed for months” while continuing to post jobs. Very little room for career advancement, especially among the younger workforce. No permanent wfh options. If you’re not a financial advisor, expect to be treated like you don’t matter to the company at all. Truly a disappointing place to work at. Only gave it a second star due to the fact that they took employee’s health into consideration during the pandemic.

Viewing 4 - 6 of 2,486 Reviews

Glassdoor has 2,958 Raymond James Financial reviews submitted anonymously by Raymond James Financial employees. Read employee reviews and ratings on Glassdoor to decide if Raymond James Financial is right for you.