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GQR Global Markets Reviews

3.5
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Hugo Sugden
30 Ratings
  • Helpful (6)

    Do your homework, GQR isn't for everyone

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Recruitment Consultant in New York, NY
    Former Employee - Recruitment Consultant in New York, NY
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I worked at GQR Global Markets full-time (More than a year)

    Pros

    The commission scheme was (it may have changed) one of the best in the business IF you were a stellar recruitment consultant. If you like autonomy, you will have the flexibility to run your day as you see fit, as long as you're hitting your targets. The company is still small, and if you can join a relatively new desk leadership opportunities will become available relatively early on.

    Cons

    Turnover is terrible. The energy and enthusiasm from the directors is contagious, and it's easy to buy into the GQR dream, but the first few months are a nightmare. I've seen a lot of talk about training and mentorship, and although I think the business genuinely wants to deliver on this- it isn't happening. The senior consultants are too busy trying to hit their KPIs, and they're too selfish to give their time away to new joiners. There is an expectation that most new hires won't work out, and it's a bit of a self-fulfilling prophecy when the team makes no effort to integrate the new hires. If the team leaders like you, and think that you'll stick it out longer than a year (which believe me RARELY happens) then you will probably do okay, if you can put up with 12 hour days inside of what can only be described as a "pressure cooker" environment. At the end of the day, recruitment is sales, and GQR is full of very competitive driven people who expect nothing less than your best day in and day out- even when you're plunked in front of a computer for your first 3 months making the same phone call 100s of times a day. You will be calling through a lists of people, pitching fake jobs, trying to get their mobile numbers and their resume for GQRs database. This is 90% of their training. It sounds harsh, and it's supposed to be. If you can't cut it, you shouldn't be there. Just keep this in mind when you join. Don't expect a soft landing where everyone is going to be your friend, and you get structured, market specific training of any kind. The commission structure is great if you're an awesome recruiter, but if you're not- you'll make as much as you would almost anywhere else. There is an annual threshold that you have to hit before making any commission, and this will take an average person between 6-8 months to hit. This is a long time to wait when you're working 12 hours a day in a very stressful environment. I saw more than a few people go through their entire first year without hitting their threshold. An exhausting year of making around $9.00 per hour is very depressing.

    Advice to Management

    Get senior consultants more involved in the development of new talent. More transparency about the earning potential in year 1, and especially in the first 6 months, would help to manage people's expectations- the glory days of big money were only possible because of the old commission scheme.


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