3.0
18 Oct 2016
Former employee, more than 1 year
New York, NY
Recommend
CEO approval
Business outlook
Pros
Due to mix between Spanish, Latino and American cultures in the office (NY office), overall environment was somewhat more relaxed and not very uptight or strict. Easy going. Generally, friendly faces.
Cons
Compensation tends to be below market standard (at least in NY and in CIB). Slow professional development, no clear career paths. Does not use 3 year promotions used at other IB banks for analysts, associates, etc. Management doesn't seem to know what to do with the bank... In my two years there were constant rumors of restructuring and layoffs. From the looks of it, the bank is always restructuring. Also, little effort put into retaining younger talent. There was an inverted pyramid structure in many of the teams.