Liquidnet Reviews

Updated October 15, 2014
Updated October 15, 2014
58 Reviews
2.5
58 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Liquidnet CEO and Founder Seth Merrin
Seth Merrin
46 Ratings

Review Highlights

Pros
  • Good work / life balance (depending on dept (in 10 reviews)

  • Good benefits and work life balance (in 9 reviews)


Cons
  • Ineffective, undisciplined senior management who would even have destroyed Apple (in 7 reviews)

  • There is practically zero diversity and lots of politics for such a small firm (in 3 reviews)

More Highlights

Employee Reviews

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  1. 1 person found this helpful  

    don't miss it!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Quality Assurance Engineer in New York, NY
    Current Employee - Quality Assurance Engineer in New York, NY

    I have been working at Liquidnet full-time (more than an year)

    Pros

    the company has a very good culture. there are opportunities for personal grow and stretch your skills and has budget to education ever year for each employee. good salary with benefits. they open to new technologies.

    Cons

    there are no cons about the company, especially for IT business, it is a very good place to work. May be the location is problem, because it is midtown Manhattan and it is very crowded.

    Advice to ManagementAdvice

    great job, keep going

    Recommends
    Positive Outlook
    Approves of CEO
  2. 4 people found this helpful  

    A lot has changed...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY

    I worked at Liquidnet full-time

    Pros

    Good benefits / time off.
    Good work / life balance (depending on dept.)
    Modern offices with strong internal IT support.
    Central location for easy commute.

    Cons

    Culture is broken here. Turn-over is way to high. No promotion from within; constant hiring from outside.
    Bonuses have gone down year over year. Moving to annual bonus structure will only make things worse.
    Low base salaries with rare opportunity for raise. Management has no idea what's going on.

    Advice to ManagementAdvice

    Promote from within. Stop filling roles with people from big banks - because that's what you have turned Lqnt into...a small 'big bank'. Get younger - stop hiring industry veterans and start hiring bright young people to move this company forward. You waited too long to finally listen to your sales force and client base and focus on the core business. Now your competition has surpassed you and you may have trouble catching up.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3. 5 people found this helpful  

    Open your eyes before everything is over

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - RMS in New York, NY
    Current Employee - RMS in New York, NY

    I have been working at Liquidnet full-time (more than 8 years)

    Pros

    Good Perks. Great Global Social Engagement. Good Human Resources Team. Good Benefits. Good Work Life Balance

    Cons

    No Job Security. The hardest working and most revenue generating employees here get laid off or fired and the least productive employees hang in there for years. Extremely unproductive IT Staff. Lots of IT Consultants highly paid and hardly getting any work done.
    Sales, Finance, Marketing, Office Management and GTE works hard and Technology plays pool, dart, football, WII, Xbox, gossip and do many other things that are unproductive which results in a huge overhead for the organization. You may face lots of politics and constant hanging fear of lay off as no matter how much smart you are and how much hard you work here, you will not get any promotion as you are really competing with the staff that plays games and gossips whole day, watches videos and does not get any work done. Of course its a great work life balance as you really get paid to gossip, play games, surf net etc. but not to get work done, learn or grow ahead.
    Useless ECM, LCM, Private Shares Groups.

    Advice to ManagementAdvice

    Secretly go around the desks of all your IT Staff on both floors. Hire couple of experts and thoroughly check how much work they get done. You will get an answer to the comment posted above. Remove those games that you give them to play around with and ask them to sit down at their desks and get real work done. Do your managers keep track of for how long an employee go out for lunches? Time they take for lunch should not be equal to time it takes to watch a movie. Get rid of all Technology Consultants who have been there from years on both the floors and only keep extremely productive employees who wants to work hard, who are passionate and who come there and get work done and get rid of the rest. Use that money in hiring more Sales RM's, Member Service Staff, Marketing Staff etc.. pay them good commission, you will directly see your numbers going up..

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 6 people found this helpful  

    Waste of time working for this company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Finance in New York, NY
    Former Employee - Finance in New York, NY

    I worked at Liquidnet full-time (more than 3 years)

    Pros

    Good Perks. Awesome Friday Lunches. Great Social Engagement doing lots of good work for Rwanda and other social impacts. Good Work/Life Balance as others mentioned.

    Cons

    No career moves, no motivation, lots of politics. Very Unproductive Technology Staff and Managers. People here blame Sales, but Sales is the most hard working in the entire organization.

    Advice to ManagementAdvice

    CEO is not the only one to blame and neither is the Sales. Its rather the unproductive staff across the organization specifically Technology that is the reason for the downfall and high expenditure. Cut useless Technology Staff and Costs.
    Cut Equity Capital, Private Shares and all that new useless ventures. Focus on your core product.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 8 people found this helpful  

    ride off into sunset

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

    I have been working at Liquidnet full-time

    Pros

    As mentioned by many - life/work balance, nice perks.

    Cons

    Tired product that hasn't changed much since the big reveal. Incremental improvements are rejected time and time again as management keeps hoping to come up with "iPhone" of the trading. Volumes steadily decline while would-be saviors are brought from outside or yes-man are promoted within. Somehow neither know much about the product, market structure or where the industry is going. All praise the management though.

    Advice to ManagementAdvice

    go the BIDS route, steadily improve the product opportunistically taking the advantage of changes in the market. Oh, and promote people who can deliver the above as opposite to promising the moon.

    Doesn't Recommend
    Disapproves of CEO
  7. 7 people found this helpful  

    It's too bad, really...

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

    I worked at Liquidnet

    Pros

    Solid core product. Excellent buy side community development. Good benefits and work life balance.

    Cons

    Overall leadership is lacking and they are losing key developers and employees as a result.
    They got lazy and stopped innovating and products and ideas are stale.

    As for senior and mid level management, everyone is starting to look alike. There is practically zero diversity and lots of politics for such a small firm. Not the place to work if you are a woman.

    You better be someone's favorite to stay and get promoted.

    Advice to ManagementAdvice

    Start over. You had a great idea and it worked and worked well. Go back to basics and remember what you are good at, stop trying to be everywhere and everything, simplify and diversify. But do it fast before you lose any more ground.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 4 people found this helpful  

    Long hours

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Liquidnet full-time (more than 3 years)

    Pros

    Free lunch every Friday. Free snacks and drinks every day including beer. Frequent company social events. Aside from that, they did have very good technology.

    Cons

    Ridiculous long hours with no consideration for work-life balance. Management does not know how to lead and can be unprofessional.

    Advice to ManagementAdvice

    Train your managers in soft skills and hire enough staff without relying on interns that do not have the proper incentives to care.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9. 11 people found this helpful  

    A sitcom in reruns

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Operations in New York, NY
    Former Employee - Operations in New York, NY

    I worked at Liquidnet full-time (more than 5 years)

    Pros

    Casual atmosphere with a plenty of interesting small projects. Not a lot of pressure from management over the long term tech vision. Good perks, beer, lunches, activities.

    Cons

    Benefits are lagging behind others. Not a whole lot of focus on important small tech issues that help the business, mostly focused on visible ones that get the same people mentioned at meetings. Never seem to be heading in one direction, kind of like in a circle. Focus on the core business isn't there, which is really puzzling to me. Over staffing and turnover continues to be a major problem across all departments, especially the non-revenue producing ones. No real career prospects, not that anyone wants to be part of the management team anyway.

    Advice to ManagementAdvice

    I'd like to see you focus on getting the business back. Employee shareholders have gotten beaten up and it doesn't look like they'll ever see liquidity, an IPO is out of the question now that we have junk rated debt. You can reprice options all you want but is anyone ever going to exercise them? I think our competitors focused on their business while Liquidnet tried to get into new businesses and now that equity trading is starting to come back, we're hardly seeing any pick up in the business. The new businesses haven't added anything except cost, bad press and tech issues. During those rare occasions where the negotiation business does get some focus, it quickly dissipates because we have to do something to get us press.

    If the CEO thinks his current management team are helping him, then he needs to have someone take an unbiased look for him at what they have done for him. You state publicly you listen to your employees but thats not the truth. Our core values have been completely ignored maybe we should add a new one, like "Does not apply to the Executive Committee".

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10. 12 people found this helpful  

    My group turned into High School at some point

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

    I worked at Liquidnet full-time

    Pros

    This was definitely a great place to work when I started. Smart people, great technology, and passionate hard-working individuals. It was a great and inspiring environment to be in. There were few places that offered the benefits and compensation this organization did.

    Cons

    Unfortunately things devolved into High School where cliques started forming, bullying occurred, and great people were forced to leave. Certain managers just stood there and did nothing. As an adult you expect to be treated professionally and with dignity but for some reason despite their espoused values some managers did not want to see what was in front of them. In the end whatever good-will this firm generated was wiped out for those employees.

    Advice to ManagementAdvice

    Train your managers before you promote them. Don't promote based on and individual's likeability and how good of a headshot they take. Have real and measurable standards on promotions, raises, and project assignments. Setup a skip-level meetings. Things in your organization went downhill because you had no mechanisms in place to know what was going on in your organization or you chose to ignore that information.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    Great Financial Company but there is risk of downsizing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - QA Engineer in New York, NY
    Former Employee - QA Engineer in New York, NY

    I worked at Liquidnet full-time (less than an year)

    Pros

    Great culture and focus on values. The organization is organized with different product teams. Each product team is functioned as start-up and treat other different teams as their clients. Employees are treated very well: free snack, drink, and frozen yogurt Friday lunch. They are also not afraid to pay top dollar for talents.

    Cons

    No title and flat structure can be a double edge sword. Many decision are decided by community. Sometimes, it is hard to know who should have the final say.

    Recommends
    Negative Outlook
    Approves of CEO

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