ConvergEx

  www.convergex.com
  www.convergex.com

ConvergEx Reviews

Updated November 20, 2014
Updated November 20, 2014
22 Reviews
2.8
22 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Eric Noll
2 Ratings

Employee Reviews

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  1.  

    Good place to work

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

    I have been working at ConvergEx as an intern (more than an year)

    Pros

    great pay
    good corporate structure
    office is casual, but still has that wall street environment feel
    great experience on the sell side of the market

    Cons

    Their are too many vice presidents its hard to follow the chain of command
    Back office workers have almost no interaction with front office
    Intern program has issues- leave you in one department as opposed to moving you around and getting different experience

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great Place to Intern and an Even Better Place to Work

    • 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

    I worked at ConvergEx as an intern (more than an year)

    Pros

    welcoming employees, knowledgable managing directors, vice presidents, presidents etc., great internship program that I enjoyed tremendously for two consecutive summers

    Cons

    Going through restructuring, figuring out leadership roles etc. moving in the right direction I see growth and a strong future for the firm

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Unstable environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Orlando, FL
    Current Employee - Anonymous Employee in Orlando, FL

    I have been working at ConvergEx full-time (more than 3 years)

    Pros

    Casual office and friendly coworkers however this is the only benefit. In better years the bonus was okay.

    Cons

    Convergex is not on very solid ground because of legal matters facing the company. This and other factors like low compensation has caused high turn over and loss of knowledge. This makes working there challenging. Also they have poor practices when it comes to promotions often times not telling any employees about openings.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Vp

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

    I have been working at ConvergEx

    Pros

    Local to nj , fin company trying to be software company

    Cons

    , silos , bad pay scale same title can pay 50 % more.
    Revolving door very high turnover

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Great place to work! Has the feel of a small company feel but also the exciting wallstreet vibe

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

    I have been working at ConvergEx full-time

    Pros

    Good pay
    Great location
    Fast paced and collegial atmosphere

    Cons

    They are currently working on some new internal growth opportunites which has been a con in the past

  7. 1 person found this helpful  

    Going down fast!

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

    I worked at ConvergEx full-time

    Pros

    Above average pay and bonus.

    Cons

    Bad management. Layoffs, restructuring, high schools clicks.

    Negative Outlook
    Disapproves of CEO
  8. 3 people found this helpful  

    A company being torn apart by corporate infighting and abusive management style.

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

    I worked at ConvergEx full-time (more than an year)

    Pros

    Satellite office in NJ.
    Innovative Technologies.
    Almost everybody has a VP title.
    Coffee and water available in break room.

    Cons

    Absolutely no work/life balance.
    Corporate culture - teams are kept at odds, infighting at management level, sabotage, paranoia, "every man for himself" attitude at all levels.
    Management is often abusive to staff.
    Company does not value or respect employees.
    Almost everybody has a VP title.

    Advice to ManagementAdvice

    You have a corporate culture of blame, sabotage and isolationism. This puts your employees in a defensive position, where they will only work to protect themselves. Try to break the isolationist attitude at the management level, the changes will trickle down and improve the work level and quality of all employees. You need to take a good look at those in senior level positions, look at their track-record of employee retention, look into complaints, interview their employees, and rid yourselves of anyone with abusive or selfish tendencies. Finally, treat your employees with a little professionalism and respect, it goes a long way.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 4 people found this helpful  

    Avoid working in the accounting group.

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

    I have been working at ConvergEx full-time (more than 3 years)

    Pros

    Decent pay, located in midtown

    Cons

    very high turn over, not a good learning environment, poor staffing strategy--significant number of accounting personnel are interns, temps, and fresh out of school staff.

    Advice to ManagementAdvice

    work to improve retention

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. 3 people found this helpful  

    Pretending to be a technology firm but epic fail

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

    I have been working at ConvergEx

    Pros

    Making money when so many other firms are not. Several divisions are doing well (and holding up the entire company) and they are much better to work for.

    Cons

    Almost no investment in people or technology despite lip service. Does not share rewards. Little humanity. Blatant disregard for workers. Each division is divided off from the others with no chance to move from one to the other.

    Advice to ManagementAdvice

    Stop pretending of running a technology company and start acting like one. Invest. Challenge and reward. Be more transparent. Stop acting like the old BNY days, we are supposed to be new and innovative.

    Doesn't Recommend
    Disapproves of CEO
  11. 3 people found this helpful  

    Nothing special

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

    I have been working at ConvergEx

    Pros

    relaxed...will gain knowledge in clearing industry

    Cons

    unprofessional, less transparency, biased toward favorites

    Advice to ManagementAdvice

    Need to be transparent. Management favors their favorites only. Procedures are not followed while doing performance review. They terminate some people for no reason

    Doesn't Recommend
    No opinion of CEO

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