Newedge Reviews

Updated August 19, 2014
Updated August 19, 2014
112 Reviews

2.4
112 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Newedge Group CEO David Escoffier
David Escoffier
4 Ratings

Review Highlights

Pros
  • Opportunities to work with good people from Australia, UK or USA (in 10 reviews)

  • Great place to work, but not always the most exciting content to work on (in 8 reviews)


Cons
  • Senior management is very hard pressed to make a cohesive decision (in 10 reviews)

  • Upper management has no idea what is going on within the firm and handcuff its employees at every turn (in 7 reviews)

More Highlights

Employee Reviews

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  1.  

    Broker

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

    I worked at Newedge full-time for more than a year

    Pros

    Flexible work place, the guy I worked for was a great guy who I loved working for and with.

    Cons

    Very political. Firm was not helpful in career growth. Different groups very segmented and the firm didn't help to promote cross selling.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    poorly executed merger, lots of inefficiencies, maangement isolated for the troups

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

    I worked at Newedge full-time for more than 3 years

    Pros

    Good franchise and market access, if you are a broker with customers who want broad access.
    Good benefits, althought they reduced them over the years. Now part of Societe Generale, which is a good bank. Management is slow and complacent, leaves you a lot of margin before you get canned. You are more likely to lose your job there for reasons unrelated to your performance.

    Cons

    Very frustrating, lots of inefficiencies, terrible management of human ressources. You will see the internal office girlfriends get promoted and paid, very French in essence.
    Lots of compliance issue, the company is regurlarly acting on the border of legality, not out of evil intent, but rather out of plain stupidity

    Advice to ManagementAdvice

    Your self serving nepotic ways have sunk a decent franchise, so my advise would be to stay where you are and finish the job.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  3.  

    Great experience and work place.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Option Securities Operation Specialist  in  Chicago, IL
    Former Employee - Option Securities Operation Specialist in Chicago, IL

    I worked at Newedge full-time for more than 10 years

    Pros

    Great work place and team work

    Cons

    no cons about the company

    Advice to ManagementAdvice

    N/A

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Ok

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

    I have been working at Newedge full-time for more than 8 years

    Pros

    great global exposure, good people. A place where it was possible to try but fail, and learn.

    Cons

    Difficult environment.
    Lack of training budget.
    Several years of pay freeze.
    Workload is too heavy.

    Advice to ManagementAdvice

    Decide a direction, then stay the course.

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
  6.  

    Good place to learn

    Former Employee - Institutional Sales Specialist  in  Chicago, IL
    Former Employee - Institutional Sales Specialist in Chicago, IL

    I worked at Newedge for more than a year

    Pros

    Good culture to Learn.

    Cons

    Not Too French and too driven to not change. Wait to see what SG do.

    Advice to ManagementAdvice

    Good luck

  7.  

    With over 8 years of working at this firm , loyalty was thrown out the widow.

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

    I worked at Newedge full-time for more than 8 years

    Pros

    The employees in the trenches work together well. If you are serious about your job you can do well. The staff that work day to day understand the frustrations in the firm and do the best to overcome them.

    Cons

    Upper management has no idea what is going on within the firm and handcuff its employees at every turn. They are blind to what makes a good company be successful and work well. The company was a better run and more successful when it was Fimat and run buy Stan Jonas and Pierre Wolf. It was better as a small boutique shop.

    Advice to ManagementAdvice

    Treat your employees better and reward loyalty. Listen to their needs. Get back to what made Fimat successful and a great place to work.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8.  

    Interesting Once a Week

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

    I have been working at Newedge

    Pros

    Great place to work, but not always the most exciting content to work on.

    Cons

    Culture, perks, just a draining atmosphere

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great potential, but lack of training and leadership.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Support Function  in  Chicago, IL
    Current Employee - Support Function in Chicago, IL

    I have been working at Newedge full-time for more than 3 years

    Pros

    The people who are extremely bright and intelligent are a pleasure to work with, and there are certainly a lot of those people here.

    Cons

    Employees seem content with everyday work and the attitude around the office is abysmal. Changes in corporate structure are bringing about a very negative attitude, and a lot of uncertainty for the future is evident.

    Advice to ManagementAdvice

    Management needs to train employees better. The lack of training around several departments is unbelievable. Also, it'd be in management's best interest to hire people who are passionate about what they do rather than hand a huge salary to someone who speaks French.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    Summer Intern

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

    I have been working at Newedge

    Pros

    Excellent introduction to the capital markets.

    Cons

    No on boarding after internships.

  11.  

    Intern

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

    I worked at Newedge

    Pros

    Great place to learn financial services

    Cons

    Standing on your two feet

    Recommends
    Negative Outlook
    Disapproves of CEO

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