There are newer employer reviews for Penson Worldwide

 

Penson is a great place to work when the economy is good and interest rates are high.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Anonymous Employee  in  Dallas, TX
Former Employee - Anonymous Employee in Dallas, TX

I worked at Penson Worldwide

Pros

Penson has very kind people and the managers, vps, and senior managers foster a positive environment at the company.

Cons

The low interest rate environment has made Penson a very stressful place to work. In addition, the Ridge deal has consumed lots of resources in a time that is already very challenging for the industry.

Recommends
No opinion of CEO

11 Other Employee Reviews for Penson Worldwide (View Most Recent)

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  1.  

    There are better places to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Employee  in  Dallas, TX
    Current Employee - Employee in Dallas, TX

    I have been working at Penson Worldwide

    Pros

    If you are part of the buddy system, you are set and you can do no wrong. Heck, you could be made a Director if you screwed up something but played your cards right. I have seen it happen.
    If you are a contractor, this is a great place to work. You know why? They don't do things efficiently here. Because of that, you can make alot of money by working since things are done poorly here. However, if you are going to stay and you get paid salary, you are gonna get screwed.

    Cons

    They are not open to new ideas. Leadership there wants to do things the same way. I have been here for a very long time and I have seen new people come in with new ideas for Penson to try but management ignores them. Then the new people get frustrated and leave the company. If you are applying for work at this company and you are told they welcome new ideas BE WARNED. VERY WARNED! You will most likely end up like those people who are excited for the first few months and then after a year leave because they have been lied to.

    Advice to ManagementAdvice

    Do not call yourself leadership. Leaders are visionaries. There are no visionaries at Penson. Period. Also, you need to get someone who can strategize. Right now, leadership is bunch of sales guys that will never say No to a customer. The problem is the company you "built" can't support all the promises you guys make. Do you guys wonder why you have high turnover?

    Doesn't Recommend
    Disapproves of CEO
  2.  

    You could do worse than working at Penson.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX

    I worked at Penson Worldwide

    Pros

    Dallas is a low cost of living area.

    Cons

    You not going to be working with top talent.

    Advice to ManagementAdvice

    Be more honest and open.

    Disapproves of CEO
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