FINRA

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4 people found this helpful  

A little fairness and a lot less red tape will go a long way!

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

Pros

Excellent benefits (pension no longer offered), 401K match, health benefits way above average.
An opportunity to work with some truly bright and incredible people.
Depending on your manager - potential for great work/life balance. I am one of the lucky ones.

Cons

Career advancement is almost non-existent if you are not an attorney. Almost every position has a maximum level of the lowest management grade. To get above that level, you need an executive in your corner as well as a J.D. If you have a lot of industry experience, that's great, but it won't get you anywhere. In fact, several whose only experience is here will take opportunities to minimize any knowledge you bring.

If you live/work in the DC area, your pay grade and salary will be the same as those who live in areas of the country with no state income tax and a rental/real estate market where the average cost is 1/2 to 1/3 of what you will pay. You will learn to live paycheck to paycheck and your raises even as a top performer will probably not match inflation.

Titles across the organization can vary greatly. A "senior" in one division is a "lead" in another and a "manager" in another. A "lead" can be a "manager" and even an "associate director" depending on where you land. This makes it very difficult to work across the organization when you encounter title happy people (of which there are many). Although you may be in the same pay grade and have the same level of responsibility, you will probably be dismissed as they assume you are "beneath" them if they think your title isn't worthy.

Although the organization advertises its work/life balance culture, it is 100% dependent on your manager. Even if you are a top performer, if your manager feels you need to in the office every day (even if your duties don't require that), you will be in the office every day. If you have my manager, you will be one of the lucky ones, but I have learned that my situation is the exception and not the rule.

Way too many office politics - who you know vs. what you know, and decisions are rarely made in a timely manner or at the right level. The comments I have seen on here about backstabbing and throwing people under the bus is pretty accurate depending on who you work with. I have seen some of the worst offenders win big awards...amazing how well that mentality works for them.

If you travel for the company, as many do, you will be subjected to policies that often don't make sense. Make sure you follow all the policies and guidelines to the letter or you may just be paying for dinner or ground transportation out of your own pocket. Spending guidelines should be cumulative. It encourages us to save money for the company, and if we are in our second week on the road, we may like to have one really nice dinner and not be penalized for it - especially when the other 9 days we came in way under the guidelines. Keep in mind that making us fly home every weekend generally costs the same as allowing us to stay, but keeps our morale high if we have that option as it lessens the wear and tear on our bodies.

Advice to ManagementAdvice

We work to keep the markets fair and protect investors, let's do the same with our employees. Level the playing field. Making the titles the same across the organization is a good first step. Move DC-area jobs to the pay grade that matches the proper cost of LIVING, not labor. Allow career advancement for all employees and encourage having the right people in the job - not the one who has been here the longest or has a relationship with a senior manager. EMPOWER your people at the correct level. Let's make the travel policy fair and written by those of us who travel and know what works and what doesn't. The travel department does their best, but they don't know like those who live it. If the entire organization followed the same travel policy as the leaders, morale would probably be better.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

Other reviews for FINRA

  1.  

    finra

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

    Pros

    work life balance is great but pay not so much

    Cons

    the pay is not great

    Advice to ManagementAdvice

    finra

    Recommends
    Positive Outlook
    Approves of CEO
  2. 1 person found this helpful  

    satisfactory

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

    Pros

    comfortable job, good hours, nice benefits, regulations job is interesting, If one wants to retire on a decent salary, it is a good place to be. Internal politics is a bit of a pain, but not a showstopper

    Cons

    examination work is uninteresting after a while. The regulatory landscape is in a state of flux, and the time it takes to get things done is quite long at times.

    Advice to ManagementAdvice

    Get your act together, quit internal strifes and focus on the bigger pie.

    Recommends
    Neutral Outlook
    No opinion of CEO
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