ICAP plc Reviews

Updated January 10, 2015
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ICAP plc Group CEO and Director Michael A. Spencer
Michael A. Spencer
1 Rating

9 Employee Reviews

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  1. Good temporarily but harmful in the long term.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Business Development Manager in Jersey City, NJ
    Current Employee - Business Development Manager in Jersey City, NJ

    I have been working at ICAP plc

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Laid back environment with good work life balance. Smart people and relatively motivated workforce. Part of a larger more growth intensive company.

    Cons

    Ultra-political management team. Limited opportunities for growth. Extreme distrust of other areas of the organization. The business seems to be in the dying throes of being a formidable force on the street. There is lack of innovation in new product areas and a complete disregard for the ideas of others. It's all about being politically connected in this division. ICAP as a whole, however, is a completely different story than the lackluster Electronic Broking Division. Great company to work for.

    Advice to Management

    Develop your people and provide them opportunities to innovate.

  2. Helpful (2)

    Incredibly Crappy And Painful

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Credit Analyst in Jersey City, NJ
    Former Employee - Credit Analyst in Jersey City, NJ

    I worked at ICAP plc

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    Working at ICAP will test your resistance to pain. If you survive this, you can survive any corporate environment on the planet.

    Cons

    You're going to be worked to your death.

    Advice to Management

    Retire. It's time for new blood to take over.

  3. Internship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Anonymous Intern in London, England (UK)
    Current Intern - Anonymous Intern in London, England (UK)

    I have been working at ICAP plc as an intern (Less than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Training was good, similar level to investment banks but the graduate scheme is with no prospects for a future career.

    Cons

    No future career prospects. A sales career in an investment bank is a better alternative with better career growth, salary and exposure opportunities.

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  5. Nice people but clueless company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in London, England (UK)
    Former Employee - Anonymous Employee in London, England (UK)

    I worked at ICAP plc full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Working in a support function I was lucky to work with some really nice people, and the office is in a fantastic location. Unfortunately I'm struggling to thing of anything else positive to say!

    Cons

    Support services lacking any clear plan or structure, no direction, all about costs and not people, broken compensation promises, very high turn over, very long hours, very political, lot's of in fighting. You get the idea....

    Advice to Management

    Work out what you're trying to achieve and how best to use the people you have to do so - dont just stick a body on a chair without any thought towards who they are, what their skills are, or what you actually want them to do.

  6. Unstable mgmt, office politics, fast-paced, cut throat

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Broker in Singapore (Singapore)
    Former Employee - Broker in Singapore (Singapore)

    I worked at ICAP plc full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    If you want to experience working for one of the biggest inter dealer brokers in the world and get a sense of how things used to run in the glory days, work here.

    Cons

    Be ready to deal with office politics, cut throat colleagues, overly strict and inefficient compliance (also dealing with ongoing public investigations and lawsuits), very budget conscious, no communication with management. In addition to these ICAP specific issues, the industry will struggle with banks doing less business and more regulations.

    Advice to Management

    Communication for starters.

  7. Helpful (1)

    You got to be tough in order to survive there

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at ICAP plc full-time (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Flat hierarchy
    Good compensation
    Nice infrastructure and environment

    Cons

    Shrinking market
    Shift to electronic brokering

    Advice to Management

    None

  8. Helpful (1)

    Not a healthy environment for long term, no support for employees.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales in Bucharest (Romania)
    Current Employee - Sales in Bucharest (Romania)

    I have been working at ICAP plc full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    A sort of a lack of control so quite a lot of freedom.

    Cons

    Low salaries, low opportunities to develop, unorganized company - bad or in existent processes, etc.

  9. Helpful (1)

    Dead end weak communication

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)

    I have been working at ICAP plc full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Get to work with different groups and very hard working group of people not much for the management though.

    Charity Day

    Cons

    No communication, honesty or loyalty towards employees. Fact that employees cannot review managers show how ICAP operates. You have to be careful with your sign-on agreements or else you will stuck with same pay for 10 years and also be wary of company wide policy changes time to time which will be changed without any notification to employees.

    Advice to Management

    Be transparent and honest.

  10. Helpful (1)

    Fair analysis of life at ICAP.

    • Comp & Benefits
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Dealer in Mumbai (India)
    Former Employee - Dealer in Mumbai (India)

    I worked at ICAP plc

    No opinion of CEO
    No opinion of CEO

    Pros

    ICAP gives you a lot of exposure in terms of macro economics. If you just don't limit yourself to the job you are supposed to be doing and get into casual relations with your clients, there is tons to be learnt from the industry leaders.

    Cons

    limited industry scope. dying nowadays. you face tough competetion from electronic broking. As in every other broking job, it sees unfair at times. Your success is largely dependent on the number, size and type of clients you've got. You get focused to only one niche industry with limited self growth, ignoring all the other talents you possess.

    Advice to Management

    Department heads should not be appointed according to the revenues they bring in, but their leadership abilities and popularity.

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