CAE (Capital Asset Exchange & Trading)

  www.caeonline.com
  www.caeonline.com
There are newer employer reviews for CAE (Capital Asset Exchange & Trading)

2 people found this helpful  

Great Money , but you're a telemarketer

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Capital Asset Trader in Redwood City, CA
Former Employee - Capital Asset Trader in Redwood City, CA

I worked at CAE (Capital Asset Exchange & Trading) full-time (less than an year)

Pros

- Learn negotiating, communication and gain confidence
- Semi conductor market has pricing variations one will not find in any other market
- Earnings potential
- Work along side kids from great school
- Gym and benefits
- Great starting point to make a quick dollar

Cons

- You're a telemarketer, not a trader
- You will not gain tangible skills or learn their platforms (Excel, SQL, SAP, Oracle)
- See above: "credits earned will unlikely transfer" , you won't be able to gain any other meaningful jobs out of here. ie.) one who makes 250k a year here will be pressed to find another company wiling to pay that individual 45k - given only their CAE skills
- 14 hour work days
- Success subject to macro economic cycles of general market (in first 4 months)
- The CEO is a private equity guy who is trying to pump and dump the company
- Recently they hire anyone

Advice to ManagementAdvice

Keep doing what you are doing, You're making great money and you keep/reward your best employees.

Positive Outlook

61 Other Employee Reviews for CAE (Capital Asset Exchange & Trading) (View Most Recent)

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  1. 13 people found this helpful  

    Get ready to sacrifice everything for a false promise

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Capital Asset Trader in Redwood City, CA
    Former Employee - Capital Asset Trader in Redwood City, CA

    I worked at CAE (Capital Asset Exchange & Trading) full-time (more than an year)

    Pros

    -It is possible to make decent to very good money at a young age, with little experience.
    -There used to be a lot of highly intelligent, fun, and very motivated people at the company; however, most of them have been let go over time, or left on their own accord.
    -Broad market exposure and the responsibilities of running something very similar to your own business.
    -The possibility of some extravagant sales competitions (Ferrari rentals, box sporting venue seats, --Vegas/Cabo trips with top tier accommodations and service, etc).
    -Decent location and nice office park, with an onsite gym-->which you will be made to feel guilty to go and use.

    Cons

    - If you want to be somewhat, or very successful get ready to sacrifice everything to do so. It is possible to make $150,000-$200,000 within the first 15 months, but if you average out the hours you worked to do this, you would be much better off somewhere else making a little bit less with half the hours--you will also probably save yourself the hair dye, acne medication, and blood pressure bills, in addition to the incredibly painful/embarrassing experience of getting back into the gym after a vanquished year from your start date.
    - Uncaring and greedy company ethos.
    - Subpar medical/dental benefits, which they try to justify by your "high compensation." Do an analysis on other jobs paying potentially $50,000 less and the added benefits premium will probably fill the void.
    -10-14 days off a year that you will never be encouraged or feel comfortable taking off. I would estimate that 80-90% of all PTO is never taken, because of a fear of missing your monthly quota. When you come into this company, it will take a lot of talent and hours to hit your quota and you most likely won't be able to hit them at the beginning, or even by the middle of the month. If you are even quasi-new and you miss for one (two if your lucky) months in a row, you could -- and probably will be-- fired. Unless you're the type that likes to wait until the end of every month to see whether or not you will be able to take your PTO for a last minute, extremely expensive and spontaneous trip, you will probably have a problem.
    - Very high attrition rate. Only 10-15% of people make it past six months before they get burt out, or terminated.
    - Somewhat tarnished name in the industry.
    - No clear distinction or true benefits to being promoted, except a higher quota and a seemingly increased amount of stress and pressure.
    - Long hours. You will be expected to be at work at 7:00 every day (verified via key fob scan) and the earliest you will feel comfortable leaving is around 7:00-8:00, although many end up staying much later.
    - Commissions are paid out as bonuses, representing a significant, if not half or more of your take home pay. Your taxes will show it.
    - Having to do constant damage control because the CEO/finance takes several days (sometimes more) to send out wires and pay your clients.
    - Managers and CEO change the company direction all of the time.
    - Bonuses can and will take several months (sometimes as long as a year) to pay out, as the company has to have 100% confirmation that there is no risk in paying you your bonus until it has been verified that the equipment/product you have never seen has arrived at your customers facility in the condition they were expecting. The industry is full of liars and cheats, so good luck getting someone that tells you that everything arrived perfectly!
    - Finance makes constant errors in payouts and you will receive clawbacks on bonuses and/or rewards that were paid from deals closed that now are identified as "problems" (see note above on delayed bonuses)
    - Very delayed personal reimbursement for expenses incurred while doing business, etc.
    - Many traders/employees don't look up to or respect their manager/director because they are more intelligent, better educated, more articulate, honest, and more capable human beings. Grandfathered system of 'good ol' boy' managers that were the first people at the company a long time ago. They are now so far ahead and so valuable at the company, they are never challenged and/or replaced by brighter minds. Literally...a few of these guys read/write/speak at a 5th grade level, or worse.
    - Many, many more.

    Advice to ManagementAdvice

    School
    Ethics class
    "English for dummies"
    Realistic performance metrics

    Doesn't Recommend
    Neutral Outlook
  2. 10 people found this helpful  

    Very Stressful and Negative Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trader in Redwood City, CA
    Former Employee - Trader in Redwood City, CA

    I worked at CAE (Capital Asset Exchange & Trading) full-time (less than an year)

    Pros

    Nice gym on-site
    Decent cafeteria open for breakfast and lunch. Closed for dinner, so you'll have to bring your own,
    Some smart and interesting employees
    Your next job will seem great after this
    You learn how to deal with some difficult people and situations, hopefully spot them in the future
    Weekends and time off become more valuable and you really appreciate your free time.

    Cons

    Top performers and valuable managers quit all the time.
    No growth opportunity
    Horrible reputation, very bad relationships
    Co-workers are not helpful or respectful - backstabbing common
    Long hours, stressful environment, low hourly wage
    No training or mentorship, zero career development
    CEO talks badly about clients and openly about his employees
    Little concern for the long term, felt uncomfortable for clients for this reason
    No managers I'd like to work for, they all seem below average leaders
    Hard to sleep at night when I worked here.
    Was always tired and dreading going back to work.

    Advice to ManagementAdvice

    Instead of constantly hiring and firing try developing the people you hire
    Give people a chance to improve before firing them
    Hold on to the good people, don't make them all quit
    Hire managers who are good mentors and will develop their employees, rather than the ones who only look out for themselves and steal deals from their own team.

    Doesn't Recommend
    Negative Outlook
There are newer employer reviews for CAE (Capital Asset Exchange & Trading)

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