11 Employee Reviews (View Most Recent)

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It's okay...

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

I have been working at Penson Worldwide

Pros

Penson has an interesting mix of people. There's never a dull moment because priorities constantly shift. For the most part, people work in teams and it's not cutthroat.

Management is well-intentioned, and I think they do want what's best for employees.

Cons

Overall, working in IT can be frustrating because bureaucracy inhibits accomplishment.

Upper management has made some tactical errors which have limited the companies profitability. Unfortunately, this has negatively impacted employees.

Doesn't Recommend
Disapproves of CEO

Other Reviews for Penson Worldwide

  1.  

    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
  2.  

    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
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