Monex Reviews

Updated July 5, 2015
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3.1
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Michael Carabini
8 Ratings

18 Employee Reviews

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  1. Great place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Research Associate in Newport Beach, CA
    Former Employee - Research Associate in Newport Beach, CA

    I worked at Monex full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Excellent work life balance. Supportive management. Great benefits. If I moved back to the area they would be my first stop!

    Cons

    Can be slow as far as work to do when the markets are slow.

    Advice to Management

    Come up with more busy work for the days with nothing to do.


  2. Operations Director

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

    I worked at Monex

    Recommends
    Negative Outlook
    Approves of CEO
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Great organization to work for. I enjoyed everyday that I worked for the company. I would highly recommend this organization.

    Cons

    I've been in management for quite some time and I wouldn't change anything about my experience. It was a pleasure to work with such a great group of men and women.

    Advice to Management

    Continue to grow a culture where ideas can be freely expressed. A company that values the input of its staff and continues to listen will have great success.


  3. Highly Reccommend

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

    I worked at Monex full-time (More than a year)

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

    Pros

    Great place to work. Every day is different and challenging. CEO and family is down to earth.

    Cons

    Sometimes stressful due to market volatility. If you do not like this kind of an atmosphere, I would not recommend this company. Very traditional in its policies and culture. This could be a pro if you like structure and professionalism.

    Advice to Management

    Increase mobility within the organization.


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  5. A great place to work if you are a sales professional

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Newport Beach, CA
    Current Employee - Anonymous Employee in Newport Beach, CA

    I have been working at Monex full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Great compensation program Flexibility Good working environment

    Cons

    Straight commission, must produce. Good news: no cap on comp. plan


  6. Defines the capitalist model

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Account Representative in Newport Beach, CA
    Former Employee - Senior Account Representative in Newport Beach, CA

    I worked at Monex full-time (More than 5 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    If you work hard for just a regular 40 hour week, you will get compensated quite well. Great training program. Great benefits.

    Cons

    Not much upward mobility. Not a diverse product selection, a bad market really hurts

    Advice to Management

    Team build better and include family to events.


  7. account rep

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Newport Beach, CA
    Former Employee - Anonymous Employee in Newport Beach, CA

    I worked at Monex

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

    Pros

    extensive training for 1 month is about all i could think of.

    Cons

    incoming leads are answered by operators who route them to preferred reps. New reps do not receive incoming leads until after a month or so or they close enough leads from cold calls. Another way of receiving leads is to come in before normal hours and stay late hoping nobody else is there to pick up any lucky call that may wonder in at those hours. In short, I use to get to work by 5 am and leave around 8pm trying to achieve what their promised dream of landing "the big whale, its not when you would land one but how you would close it". After working 12-15 hours a day 6-7 days a week for many 7 months one begins to wake up to reality. The calls routed to your phone is not random according to an operator and rookies are there to feed the seniors, meaning when they leave their books are dispersed to them. Unless you know the owners or managers I would not waste your time here.

    Advice to Management

    No advice. They know exactly what they are doing and they do it well.


  8. Lax management makes for flexible environment

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Representative in Newport Beach, CA
    Former Employee - Account Representative in Newport Beach, CA

    I worked at Monex full-time (More than 3 years)

    Recommends
    Negative Outlook
    Disapproves of CEO
    Recommends
    Negative Outlook
    Disapproves of CEO

    Pros

    Uncapped commissions. If you want to leave early, no one will stop you, you are the master of your destiny. Meet a lot of interesting people.

    Cons

    The binoculars aren't powerful enough from the ivory tower. I keep hearing that to be successful you have to embrace change, Monex hasn't. Very LET THEM EAT CAKE attitude from owners.


  9. account rep

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Account Representative in Newport Beach, CA
    Current Employee - Account Representative in Newport Beach, CA

    I have been working at Monex full-time (More than 10 years)

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

    Pros

    Money can be good with a favorable market, once you've been there for a while hours can be lax. If you need a job and the market is hot you can make money.

    Cons

    In a bad market its hell, also they make money on transactions not book value like equity firms, they want you to constantly trade. Don't think that because you work there that makes you a financial advisor, if you try and get a new job, Monex is good for showing you can cold call but the company does not impress the large equity firms.

    Advice to Management

    listen to people that are working for you, ask them questions for improvement, change with the times.


  10. educational

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Representative in Newport Beach, CA
    Former Employee - Account Representative in Newport Beach, CA

    I worked at Monex full-time (More than 5 years)

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

    Pros

    there are opportunities to make a nice 6 figure salary (pay is 100% commission).

    Cons

    Management pushes you to throw your ethics away. Monex does not care about the customer. Management pushes you to put every customer in a leveraged position (even elderly people that specifically want a conservative risk free investment) which eventually will always lead to the financial ruin of the customer.

    Advice to Management

    go on a spiritual retreat.


  11. a lot of upside potential if the market cooperates

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Monex

    Pros

    unlimited income potential, management leaves you alone if you do your job

    Cons

    no growth possibilities, if the market doesn't move it doesn't matter how hard you work, some unethical people



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