BGC Partners

  www.bgcpartners.com
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BGC Partners Reviews

Updated August 11, 2014
Updated August 11, 2014
28 Reviews

1.8
28 Reviews
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BGC Partners Chairman, President, and CEO Howard W. Lutnick
Howard W. Lutnick
20 Ratings

Employee Reviews

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  1.  

    Hard work, not pedigree, defines success.

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

    Pros

    Hard work pays off. The people that make it stay: many of the top managers have been there 20+ years. BGC is agile and highly innovative. You get plenty of chances to make a name for yourself. Flat organization and you can easily talk to anyone you want.

    Cons

    Hours will be long. If you are a 9-5 type, or thin skinned, it's probably not the place for you.

    Advice to ManagementAdvice

    Work on your Public Relations. In Wall Street's halcyon days a kid from a public university could be a success in finance. Then everyone tried to be Goldman Sachs. We all see how this worked out! Wall Street lost it's way except for you, let people know it.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Worst working experience of my life.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Broker  in  New York, NY
    Former Employee - Broker in New York, NY

    Pros

    0, none, nada. No "Pros" whatsoever. Li

    Cons

    Bad pay, bad management, bad working environment, bad ownership. Constantly firing employees with no notice and doing little to nothing to support the "troops"

    Advice to ManagementAdvice

    Please... Stop lying to employees. Lies about everything! Pay, stock options, bonus money. Always nickel and dimming about absolutely everything

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Just like all the other brokerage houses.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Broker  in  New York, NY
    Current Employee - Broker in New York, NY

    Pros

    Pay is high if you are producing. There are some decent managers here and good desk culture, but like all companies there are some bad apples.

    Cons

    Contracts are meaningless. Stock received at signing was later halved without anyone's consent to pay for a 'tax incifent' on the stock. Money offered at signing is a bullet loan so be prepared to pay a lot back if you leave anything earlier than a year before contract expires.

    Advice to ManagementAdvice

    Senior management terrible. Nothing but tough guy, goomba bs. Desk managers are great and we look out for you

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Not much room for growth

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Fun atmosphere, fast paced for sure.

    Cons

    Not much room for growth

  6.  

    Very up and down, unfocused firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director  in  New York, NY
    Current Employee - Director in New York, NY

    Pros

    Interesting work, lots of knowledgeable folks, lots of leading edge work, funds quickly provided for the latest venture, a go get them place

    Cons

    unfocused at times, always chasing the next hot thing, no appreciation for building a solid foundation, people are not that important to the firm, poor management and no management training or task oriented train

    Advice to ManagementAdvice

    All your folks really count and not just the "producers" - stay focused

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Read the fine-print!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Institutional Sales  in  New York, NY
    Former Employee - Institutional Sales in New York, NY

    Pros

    BGC employs some great people, and there is a true camaraderie that makes it an enjoyable work atmosphere. The firm has solid branding, and a good name in most (but not all) of the markets it serves. The annual charity day to honor the victims of 9-11 is something to be proud of, and energizes the entire company.

    Cons

    Watch your back. Management will protect the "good old-boy" to a fault, and very adept at screwing people over on pay-outs, account coverage, etc. The big push to convert everybody over to the new partnership structure is a scam....and you forfeit all your money when you leave. And that was SUPPOSED to drive the stock price up? And the more you make, the more your benefits cost....outrageous percentage covered by the employee.

    Advice to ManagementAdvice

    Get rid of the internal competition between the original Cantor Fitzgerald and BGC camps. The legal framework favors the old guard. Don't try to motivate the troops by telling them you want to be a billionaire. Honor your contracts.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  8. 1 person found this helpful  

    Technology group

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    -The water street office was great, trading floor is busy and entertaining, $5 a day pay deduction for breakfast and lunch, food is great, no dress code on water st, people there were friendly to me, great hours
    - the name cantor fitzgerald (no one says they work ar BGC) made me feel proud to work there because of their history. The name on my resume helped in my subsequent job hunt
    -had good product exposure across multiple desks, once again, that was helpful in my job hunt

    Cons

    -midtown office is a morgue, depressing people, depressing environment, cafeteria is highway robbery, working in both offices, it is pretty messed up to see how nicely they treat the moneymakers and how poorly they treat the support staff, without support there is no business
    -so micromanaged its insane, i literally had to report when i was leaving my desk to use the bathroom, they are so concerned with liability, covering their groups butt, and passing the buck to others within the firm, every email has to be sent reply all, so someone can see how badly you messed up and rip you for it.same thing with pointless salesforce.
    -the technology group is very defunct for a technology company. They gave us the worst equipment, and had only certain people know certain things for job security. Instead of sharing knowledge so that the group can work together, they split functions up and let everyone sit at their desk by themselves to think about how miserable it is there.
    -no creativity, do things as they demand, no say in process improvement (because they cant), no meetings for transparency or planning ever, when a client asks for a function they are basically screwed, and we would tell them that or make up a cookie cutter response management wanted us to say
    -i took the job so that it would turn into something, but i saw early on that wasnt going to be the case nor did i want it to
    - do not regret being there, but at the same time, it could have been a lot more enjoyable, making me want to stay if my role could have turned into something more

    Advice to ManagementAdvice

    less micromanagemnt, integrate every single group/person in technology so issues can be solved together, instead of being passed around until business complains. Better career development and rewards so talent stays by choice and not because their careers have been pigeonholed into some internal application that will not help them elsewhere

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Good work Culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  New York, NY
    Former Employee - Anonymous Employee in New York, NY

    Pros

    Grea colleagues and work culture in the middle office

    Cons

    Not a supportive management team, Too much importance to front office

    Recommends
    Neutral Outlook
    Disapproves of CEO
  10.  

    Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Sales  in  New York, NY
    Current Employee - Sales in New York, NY

    Pros

    Occasional perks - free tickets to sporting events

    Cons

    Low salary. Low bonuses . No team cooperation . No room for growth

    Advice to ManagementAdvice

    Have the mental and emotional stability to manage a team before considering becoming a manager. Sick of cry babies and complaints. Learn to keep employees happy.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    Software Group

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst/Programmer
    Current Employee - Analyst/Programmer

    Pros

    - 9 to 5 job.
    - work's slow with no stress

    Cons

    - No growth potential
    - Hardly get to interact with people outside group or learn anything new
    - No body in group know anything about business. We program software we don't understand a thing about.
    - Software group is greatly un-appriciated and treated as underdogs
    - bad bonus and no salary hikes
    - crapy benfits; bad medical insurance and no 401k match
    - no job security; way too many people get laid off all year long

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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