LaBranche & Co
3.5 of 5 6 reviews
www.labranche.com New York, NY 150 to 499 Employees

LaBranche & Co Reviews

Updated May 29, 2014

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3.5 6 reviews

                             

50% Approve of the CEO

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Michael LaBranche IV

(4 ratings)

75% of employees recommend this company to a friend
6 Employee Reviews
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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
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    • Approves of CEO

     

    World misses a great firm

    Employee (Former Employee)
    New York, NY

    ProsExcellent risk taking culture, honest and hard working from top to bottom

    ConsReg NMS destroyed the firm - shame

    Advice to Senior ManagementYou guys were great - a great number of people in the world miss the firm

    Yes, I would recommend this company to a friend

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    New York Stock Exchange Specialist

    Anonymous Employee (Former Employee)

    ProsThe money and hours were great. I made many friends. It was very exciting on the floor.

    ConsIt is not what it used to be down there anymore.

    Advice to Senior ManagementThe company is not there anymore.

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    Challenging Environment

    Director (Former Employee)
    New York, NY

    ProsChallenges, people, constant change, team work encouraged, many ascepts to the job, help to get the right person for the rigth job.

    Consvery politcal, lots of movement, unstable management, need to define roles more often and give people more exposure to senior management.

    Advice to Senior ManagementBetter job of retaining employees, more growth opportunities, cross-training of employees and training for certain positions.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
           
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    Labranche equity specialist

    Equity Specialist (Former Employee)
    New York, NY

    ProsOne of the best specialist firms to have worked for in the early 2000
    Compensation was good, benefits were paid for
    paid lunches
    laid back atmosphere when not busy

    Constalents not immediately recognized when due
    higher management knew less then peers under them
    politics as always
    then you make them a lot of money, they are your best friend, when you have a losing, you get the lions face
    bonuses were not faily compensated when your numbers were great

    Advice to Senior Managementtoo late for them now, Labranche was on the block, should have listened to your specialists whom made you a lot of money and compensated more on their bonus.
    Mike Labranche was always a gentleman to me, that I have to say. Thanks for the opportunity

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    LaBranche is a good starting point.

    Anonymous Employee (Former Employee)
    New York, NY

    ProsLaBranche is a small company which makes it a good place for self-motivated people to work. There are lots of opportunities to become involved but you have to stand up to take the chances. The road from being a clerk to becoming a Specialist is much faster now and doesn't take several years. If you are good and can make money management will let you trade.

    ConsLaBranche is a small company which means that you will be doing more work here than at other larger companies but for less pay. Being a small company it also has small trouble attracting and retaining top talent.

    Advice to Senior ManagementDon't forget about the people.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
           
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    • Disapproves of CEO

     

    LaBranche might be great again someday, but not until everyone in charge is gone.

    Specialist (Current Employee)
    New York, NY

    ProsGet out of work at 4:15 each day. Every day is a new day. Free lunch every day. Camaraderie on the floor is still strong, but LAB has nothing to do with that. Most of the employees that are left are pretty good guys, except management.

    ConsManagement is completely incompetent. The absolute worst traders we've ever had are all in charge now, demonstrating their lack of ability every day. Second-guessing and micromanaging are their only two cards, and they play them continuously.

    Advice to Senior ManagementPlease, please quit and/or sell this company to a firm with a vision and some skilled leaders. We are facing a difficult environment (to say the least) and you are not equipped to lead us to victory. The NYSE will still be here in 5 tears, but LAB will survive in its current iteration.

    No, I would not recommend this company to a friend

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