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
Feb 21, 2015
Recommend
CEO approval
Business Outlook

Pros

Located in a beautiful location of Florida.

Cons

Management in the IT area is horrible. They frequently have employees do overtime without any comp time or monetary compensation which is illegal. Some teams in IT would get comp days for their Disaster Recovery testing (which ran from Friday night through Sunday) but some teams, such as mine, did not get any comp time - we had one stretch where we worked literally 3 weeks straight without a day off and was told by our manager to "belly up to the bar." This was fully supported by upper management. I also have several friends from the company who were very dedicated who would get negative performance reviews for projects that could not get finished due to dependencies from other groups not being delivered, all being acknowledged by the manager...but in the end would tell my friend too bad so sad, doesn't matter if another department prevented you from completing the project in time. Many promises were made to me for my job, none of which were delivered. Backstabbing was a frequent occurrence from those who were there before me. I found out that many people in my industry avoid this company like the plague. They frequently compare themselves to the Goldman Sachs and JP Morgans of the world but they are nowhere near that level. We were expected to user our personal cell phones for IT support - my co-worker ran up $300 in cell phone usage one month and was told by the manager that it was "part of the job." I know of NO company on Wall Street that would ever expect a worker to pay for cell phone overage as part of the job. We had a group cell phone that was for the person on call - unfortunately the carrier that was used had very poor reception where I lived. As a result I frequently did not get support calls and was berated by management for not having good cell phone reception. In a real world class organization (such as Credit Suisse where I've worked) they would have multiple carriers for their cell phones and you would simply be issued a phone with better coverage than what you had. But not Raymond James, instead you were expected to use your own cell phone and accrue hundreds in cell phone overage charges.

1.0
Mar 2, 2022
Recommend
CEO approval
Business Outlook

Pros

The only pros are the medical benefits and the unlimited overtime

Cons

This is a glorified call center. I wake up everyday knowing I am going to take hundreds of calls from angry financial advisors and their assistants who are going to take their frustrations out on us lower level people. New accounts handles nearly all of the paperwork for Raymond James. We are forced to “reject” almost all of that paperwork sent in from the financial advisors because none of the assistants or FA’s know how to fill the paperwork out or how the systems work. Therefore, them and their assistants call the line and have very unpleasant conversations with the associates. It is an extremely hostile work environment. I once met a corporate VP in Raymond James and he told me “I wouldn’t wish being in new accounts on my worst enemy”. That’s a pretty big red flag. When I was first hired, I told my supervisor that I wanted to climb the ladder in the company and work my way out of new accounts and get a better job. After 6 months I learned that I was stuck here, and moving to another department was basically impossible. For your own mental health, work somewhere else. You will regret taking this job

3.0
Oct 7, 2020
Recommend
CEO approval
Business Outlook

Pros

I really enjoy my job. Pretty much a guaranteed bonus and raise every year as long as you are at least trying at your job. Benefits are great; employee stock purchase program, the fact I can meet with an FA to plan my retirement and everything is really great, and the doctor's office on site has really come in handy a few times.

Cons

Executive leadership took Zoom meetings with every single department during the last few months of COVID assuring all employees that jobs were safe and layoffs/firings weren't even in the discussion. Then out of nowhere we all log in one morning to see 5% of the company had been let go in one day. Meanwhile, you can look up executive salary and bonuses since it's public information and see they took no cut and some still receive million dollar plus bonus packages. Just doesn't give me the greatest feeling working for leadership like that.

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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.