SMB Capital reviews

4.1

70% would recommend to a friend

(64 total reviews)

Michael Bellafiore & Steven Spencer

80% approve of CEO

80% positive business outlook

SMB Capital has an employee rating of 4.1 out of 5 stars, based on 64 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The SMB Capital 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

64 reviews
5.0
Jan 12, 2017

Excellent Experience

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Excellent hands on training program that includes daily access to partners with an emphasis on the importance of hard work, communication, being part of a team and developing your strengths Morning meeting highlighting the stocks in play with technical and fundamental analysis Great culture where the employees get along with one another and everyone is happy to answer questions and share their experiences Amazing state of the art technology that gives me an edge against my competitors in the marketplace Collaborative approach where 7 figure traders lead teams and help to mentor younger traders by sharing their trading ideas and talking through stocks they are trading in real time

Cons

Becoming a successful trader takes time. Myself included, people generally think that success will come quickly. This is not true. Becoming a consistently profitable trader is a process where the breakthrough often comes long after the hard work, dedication and long hours is put in. There is nothing that SMB can do to change that realization. However; I am sure many people will blame management for their lack of success. At the end of the day, there is nothing that either partner can do to change the fact that the majority of traders fail. The only con that I can think of is that there can be better communication with regards to locating shares of stock in order to get short when stocks are hard to borrow.

5.0
Oct 17, 2016

Smb

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good work place love working here I just can't say enough about this place. I really love the pay. And paid sick leave is wonderful.

Cons

Everything is just wonderful I have not ran into any problems so far.

5.0
Aug 15, 2016

They gave me a shot

Recommend
CEO approval
Business Outlook

Pros

I have to say that many reviews of SMB are just downright, 100% wrong. I came to this firm in 2015 as part of a hired class. SMB gave me an opportunity to develop into a great equities intraday trader, which I did not successfully accomplish during my time there. I was surrounded by a number of very successful traders (P/L is openly shared on the desk through our blotters, so I know what many people were making), and I was even paired up with a mentor. I simply could not overcome my own self and master intraday equities trading. SMB has a great culture of working hard to get better as a trader and as a person each and every day. It's not just some slogan they use, it's a real culture. I will always look back and wish I could have been successful there. I had every opportunity to go in the direction I wanted - whether that be scalping, algorithmic models, intraday position trading, news plays, stocks in play, low float biotechs, etc. The firm really gives traders all the resources and technology - it's just up to the trader to find their niche and excel. In fact, I could have simply copied trades from the more successful traders at first, and built up some success. In hindsight, I should have had a much smaller ego and done more of this. I was stubborn in my ways and kept forcing the way of trading that I thought was best - and that was clearly the wrong way to approach things. SMB provides a fair profit split, and reasonable desk fees (which are very low for newer traders to give them a better chance at not getting eaten up in fees). In essence, what I'm saying is that even though I was let go from this firm, I really do not fault them for it. They gave me the seat, the capital, the technology, the coaching, and I fully accept the responsibility of me not achieving greatness there. I think too many people don't make it as a trader at a prop firm, and then go off and talk really poorly about the firm as a means of removing that responsibility from themselves.

Cons

I was a bit in the dark about how much money I could lose before I would be let go. I understand the firm doesn't want to stick to any hard rules on this, and be discretionary in their hiring and firing process, but I do wish I would have known what number I should not have drawn down to before I was really in hot water with management. It was tough because there was no salary, but that was something I came into the situation with full awareness of- SMB told me from the get go, that there would be no salary. So, this isn't really a knock on the firm, but just an honesty about the structure that made it difficult for me.

Viewing 49 - 51 of 64 Reviews

Glassdoor has 88 SMB Capital reviews submitted anonymously by SMB Capital employees. Read employee reviews and ratings on Glassdoor to decide if SMB Capital is right for you.