Janney Montgomery Scott Reviews

Updated July 15, 2015
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3.2
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Tim Scheve
27 Ratings

46 Employee Reviews

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  1. Helpful (1)

    Senior Registered Client Service Assoc/Sales Assistant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Registered Sales Assistant in Cherry Hill, NJ
    Current Employee - Senior Registered Sales Assistant in Cherry Hill, NJ

    I have been working at Janney Montgomery Scott (More than 5 years)

    Neutral Outlook
    Approves of CEO
    Neutral Outlook
    Approves of CEO

    Pros

    Benefits are decent. Coworkers in the branch, as well as back office are pleasant and willing to assist with accomplishing tasks. Pay is fair. Firm culture is more personal than strictly "corporate"

    Cons

    Technology is lacking, which makes it difficult getting work done effectively. Corporate office handles many tasks that other firms handle at the branch level. Compared to other wire houses, the lack of branch involvement could potentially reduce the knowledge & effectiveness of branch employees.


  2. Director of Research

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Managing Director/Director of Research in Philadelphia, PA
    Former Employee - Managing Director/Director of Research in Philadelphia, PA

    I worked at Janney Montgomery Scott (More than 8 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Financially strong parent company-Penn Mutual Very strong Private Client Business

    Cons

    Uncertain goals and expectations for Capital Markets. Strategy needs to be rethought and implemented postfaste

    Advice to Management

    Analyze what you do well nd doing it even better.


  3. Good place to get back-office banking experience

    Former Employee - Intern in Philadelphia, PA
    Former Employee - Intern in Philadelphia, PA

    I worked at Janney Montgomery Scott

    Pros

    - Interns get a lot of exposure to senior staff - Interesting work in compliance and operations - Strong IT presence

    Cons

    - Relatively conservative culture - Doesn't pay particularly well

    Advice to Management

    - Use strong IT department as a comparative advantage!


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  5. JMS

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

    I worked at Janney Montgomery Scott full-time

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    The people are nice to work with and depending on the manager the work/life balance was good.

    Cons

    Senior Management did not provide equal opportunities for everyone. When promoted or transferred to another department, the favorites were selected, not the qualified or experienced. Healthcare was too expensive.

    Advice to Management

    Give everyone equal chanced to prove themselves to be worthy of good opportunities within the company. Stop picking the new person what just came in six months ago and then all of a sudden they're your boss.


  6. Great place

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

    I worked at Janney Montgomery Scott

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    A+ work environment & flexible schedule

    Cons

    There are no cons


  7. operation

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

    I have been working at Janney Montgomery Scott full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Nothing much, The atmosphere and moral is at the lowest. No chance to avance if you just work and go home. They want you to be one of management in order to survive.

    Cons

    I would avoid this company at all cost. Cheap pay and hard labor. Doing OT with NO pay.This is 2015 and not in 1900. Management work like dictator with cold heart feeling.

    Advice to Management

    Better salary and a better working environment.


  8. Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - FA Trainee in Philadelphia, PA
    Current Employee - FA Trainee in Philadelphia, PA

    I have been working at Janney Montgomery Scott full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great Senior Management team in place

    Cons

    Training program needs to be worked on

    Advice to Management

    Be specific on what expectations are


  9. Helpful (1)

    IT management is a joke

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

    I have been working at Janney Montgomery Scott full-time (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    Pros

    Very well established and old company. Good name in the Street and reputation.

    Cons

    Pay and benefits is not competitive. IT end user support management is run by incompetent individuals who are not qualified for their role. High turnover rate for individual contributors. Give credit when credit is due. Management seems to steal credit from individual contributors.

    Advice to Management

    Reshape and train management in IT, pay well to keep top talents.


  10. Super Nice

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Private Client Associate in Boston, MA
    Current Employee - Private Client Associate in Boston, MA

    I have been working at Janney Montgomery Scott

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great atmosphere, awesome tech and marketing department

    Cons

    I wish there was more of a cut and dry way of finding the answer to an operational question, rather than guessing, calling Philly and being transferred a few times before getting to the correct person.

    Advice to Management

    More team nights


  11. Diversity

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Frontend Developer in Philadelphia, PA
    Former Employee - Frontend Developer in Philadelphia, PA

    I worked at Janney Montgomery Scott

    Recommends
    Recommends

    Pros

    Quick interview; fast hiring and start date. Developer autonomy. Flexible to use latest tools. CIO 100 awardee. Opportunities for skill enhancement into smart web and desktop web.

    Cons

    Lack of transparency. IT Management lacks a vision on where the group is heading to. Expects individual contributor to operate in an unguided format. Lack of expectations, goals. Lack of standard SDLC processes. Deployment to live site is a mere manual copy of changes by a developer. Lack of back out plan. Single team is stretched with a massive amount of goals ranging from customer client support to development to implementation to live delivery all with the help of less than 10 folks. Staff overly stretched. Head particularly allergic to diversity. Not a major eCommerce site compared to other financial companies that have a glorious history as this one.

    Advice to Management

    Disclose the expectations of each employee whether temporary of permanent in a transparent manner. Hiring practices to be fine tuned. Retain top talent by promotions. Compliance to industry web standards. Define the role responsibility in a clear manner. Inter team interactions to increase.



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