2.0
30 Oct 2008
Current employee
New York, NY
Recommend
CEO approval
Business outlook
Pros
-Large platform -Good franchise -Deep lending relationships -Attracts the second tier of people from undergrad + grad school and hence people are more "down to earth" (but on the con side, not as good as GS,JPM,MS)
Cons
-Consists of several fiefdoms that are highly political and competitive -You can always hide in this firm -Bureaucratic like Communist Russia - only those with connections to the polit-bureau remain -No one cares about clients - only their own jobs -Massive teams that are double staffed up the wazoo... -No one really takes any ownership -Extremely sharp elbows -Quality of people is generally below that of JPMorgan or Merrill Lynch -