Janney Montgomery Scott
3.2 of 5 27 reviews
www.janney.com Philadelphia, PA 1000 to 5000 Employees

Janney Montgomery Scott Reviews

Updated Apr 4, 2014
Janney Montgomery Scott – Philadelphia – “7th floor Education Center”

All Employees Current Employees Only

3.2 27 reviews

                             

67% Approve of the CEO

(no image)

Tim Scheve

(18 ratings)

43% of employees recommend this company to a friend
27 Employee Reviews
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Came two years ago and continue to see positive change...this is how wealth management firms should be run.

Financial Advisor (Current Employee)
Philadelphia, PA

I have been working at Janney Montgomery Scott full-time for more than 3 years

ProsVery collegial culture and a flat organization. Senior management is very accessible and the company rewards the people who can deliver. No big company feel and lots of freedom and autonomy. The company is surprisingly refreshing when compared to large banks that own the wirehouses now.

ConsThe company is based on the East coast. No real opportunities out West as most of the focus is on the East coast.

Advice to Senior ManagementKeep running the company the way you run it. Advisers from other firms are rebelling against the agendas of the big banks and you guys are doing it right...just don't change it to try to look like the big guys.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Great Experience

Intern (Current Employee)

I have been working at Janney Montgomery Scott as an intern for more than a year

ProsGood work environment, encouraging coworkers and a good corporate mission. They're good at professional development and definitely seem to care about their employees futures.

ConsLong work hours and sometimes difficult choices made by management. Commission based salaries have their own unique set of issues but the company does a good job supporting its teams.Management can sometimes be slow to adapt to changing environments.

– I'm optimistic about the outlook for this company

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Very pleasant atmosphere with a lot of potential

Financial Advisor Intern (Former Employee)
Boston, MA

I worked at Janney Montgomery Scott as an intern for less than a year

ProsThere is a lot of potential to make a lot of money, but you must put in the hours to do so.

ConsTought starting out with cold calling, but that is the way you build a book of business and become successful in the industry

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Operations Associate

Anonymous Employee (Current Employee)

I have been working at Janney Montgomery Scott

ProsThere is a good work life balance. The people are nice in general.

ConsIt is difficult to move up in the company and the salary is not that competitive to its peers.

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n/a

N/A (Former Employee)
Phila, PA

I worked at Janney Montgomery Scott full-time for more than 8 years

ProsNice people to work with and very helpful

ConsMay play favorites at times.

Advice to Senior ManagementInteract with staff more. Could be friendlier at times.

Yes, I would recommend this company to a friend

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Ok place.

Anonymous Employee (Former Employee)

I worked at Janney Montgomery Scott

ProsPeople are nice, seems consistent, you can work there for awhile without getting laid off. I don't really know anymore pros for this at least in my experience.

ConsYour movement through the company is lateral. You want a challenge or even a raise, you might want to look somewhere else.

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Not the best place to work..

Equity Research Analyst (Former Employee)
Philadelphia, PA

I worked at Janney Montgomery Scott as an intern for less than a year

ProsThere are still some management people that are nice and friendly.

ConsIn the new building the offices are made out of glass which makes it a public office as everyone can stare at your working desk. The culture of the company is quite fake. People don't really care about you. They fire people without giving them warnings ahead of time. They are not keen to people who don't have a green card or U.S. citizenship. Long working hours.

No, I would not recommend this company to a friend

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Great job, great company, great people

Anonymous Employee (Former Employee)
Philadelphia, PA

I worked at Janney Montgomery Scott full-time for more than 5 years

Prosgreat work life balance environment

Consgrowth is limited to certain areas

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Mediocre at best: Decent pay, but it ends there

Anonymous Employee (Current Employee)
Philadelphia, PA

I have been working at Janney Montgomery Scott full-time for more than 5 years

ProsThe pay is decent, and the hours aren't crazy.

ConsThey offer virtually nothing in terms of any additional employee perks. There is a Christmas get-together once a year and that is it. Nothing to build teams beyond that (although this may be different in satellite branches). They do nothing to keep their employees engaged or happy. On long weekends (think Labor Day) they may shoot you an email at 3:30 letting you leave at 4:00 -- that's the best extra perk you'll get. The open office environment is completely distracting. They spend most of the year indicating how great they're doing financially, then at bonus time they claim it's been a flat year and dish out the standard amount. Middle management is more of a distraction than a help. They say they want this great culture and value system, but do next to nothing to promote it or make it a reality. Essentially, they do the least they possibly can.

Advice to Senior ManagementStop being scared to rock the boat. Do more to make your employees happy. Take some risks.

No, I would not recommend this company to a friend

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Not family friendly

Anonymous Employee (Current Employee)
Philadelphia, PA

I have been working at Janney Montgomery Scott full-time for more than 8 years

ProsThere are sometimes free lunches left over from mutual fund meetings.

ConsIf you are a working mom, stay away from this company.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Janney Montgomery Scott reviews and ratings — including employee satisfaction and approval rating for Janney Montgomery Scott CEO Tim Scheve. All 27 reviews posted anonymously by Janney Montgomery Scott employees.