4.0
21 Oct 2014
Former employee, more than 10 years
New York, NY
Recommend
CEO approval
Business outlook
Pros
Smart people (lifers no dead weight too depending on LOB) lots of career opportunities.
Cons
Too big and bureaucratic to navigate and get things done. Lots of layers of approvals and consensus makes decisions and change slow. Lots of emphasis on compliance and regulators creates unnecessary checks and balances. If you're a registered rep, it is VERY big brotherish: email monitoring and monitoring of your web activity. So much monitoring software installed on computers it takes 15 minutes to boot up. Ridiculous bonus payout structure. Even lower level employees get a percentage paid out in RSUs that vest over three years. Seems like nickel and diming.