Oppenheimer Holdings Reviews

Updated June 30, 2015
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3.3
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Oppenheimer Holdings Chairman and CEO Albert G. Lowenthal
Albert G. Lowenthal
35 Ratings

Pros
  • mostly good people to work with, good for slackers that don't want to work outside of 9 to 5 (in 5 reviews)

  • Learned a lot about how the business actually operates, and met a lot of great people who helped me decide my career path (in 4 reviews)

Cons
  • No raises EVER for salaried employees (in 5 reviews)

  • Poor management, poor pay, no room to grow or to advance your career (in 5 reviews)

More Pros and Cons

87 Employee Reviews

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  1. Equity Research Associate

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

    I have been working at Oppenheimer Holdings full-time (More than 3 years)

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

    Pros

    I can learn basic wall street skills and closely track public companies; also have access to executives, a plus

    Cons

    Not much motivation after few years of work with similar stuffs. Long path to get promoted; low pay...

    Advice to Management

    not much to say. Exiting China and India will become the biggest mistake you've ever made. Those are gold mines in next decades.


  2. Old guard needs to go. Fat paychecks keeps new hungry blood underpaid and undernourished.

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

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

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

    Pros

    Work life balance. Hours, Flexibility

    Cons

    Lowest payers on the street. Old stalwarts resting on past laurels hanging on for dear life. Product has become stale. Model is flawed.

    Advice to Management

    Start thinking of succession plan and pay up for performance not tenure


  3. Client Service Associate

    • Career Opportunities
    • Comp & Benefits
    Former Employee - Client Service Associate in Boca Raton, FL
    Former Employee - Client Service Associate in Boca Raton, FL

    I worked at Oppenheimer Holdings full-time (More than 10 years)

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

    Pros

    It was close to home. i didn't have to drive far

    Cons

    the office manager had a Hitler type attitude and treated the staff unfairly

    Advice to Management

    need to treat all employees equally.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Administrative assistant

    • Career Opportunities
    Former Employee - Executive Administrative Associate in New York, NY
    Former Employee - Executive Administrative Associate in New York, NY

    I worked at Oppenheimer Holdings (More than a year)

    Pros

    learning experience, soak in more knowledge

    Cons

    there is no opportunity for growth


  6. Helpful (1)

    Great Hours but Poor Work Environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Broker in San Francisco, CA
    Former Employee - Assistant Broker in San Francisco, CA

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

    Pros

    I was a broker's assistant and really liked the broker I worked for. I was only required to be there 8 hours per day and was never asked to work any more. So the work life balance was good. But that's about it.

    Cons

    It's the lowest paying firm on The Street.
    They didn't want to assist with the cost of taking the CFA exams
    The benefits really aren't that good - You get dental and health but the coverage is nothing to brag about
    Vacation time is minimal... I think after 6 months I had accrued 1 day or something
    There was just no incentive to stay here other than only having to work a minimal 8 hours per day.

    Advice to Management

    Might not be such a bad idea to invest in lower level employees who have the potential to be upper-level employees.


  7. Helpful (1)

    Head of AML Compliance

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Chief AML Officer/Executive Director in Astoria, NY
    Former Employee - Chief AML Officer/Executive Director in Astoria, NY

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

    Pros

    Good working environment, ability to apply broad range of skills within role and drive change. Upper management receptive to new ideas and initiatives.

    Cons

    Some members who have been here for many years are unfamiliar with increasing regulatory standards in the industry as well as industry standard practices.

    Advice to Management

    Develop better training programs for existing Compliance staff and other business lines to help increase skill set as well as Compliance and AML awareness.


  8. Helpful (1)

    Low deal flow

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

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

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

    Pros

    Lean deal teams, relatively good culture, still a decent name in the industry despite reality

    Cons

    Bad deal flow, all the good jr. talent leaves for BBs, all the good sr. talent leaves because of bad pay

    Advice to Management

    Sell the banking unit


  9. great place to work

    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at Oppenheimer Holdings full-time (More than 8 years)

    Pros

    great culture and people to work with

    Cons

    not investing for as much growth as I would like


  10. Helpful (1)

    Old Guard

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

    I worked at Oppenheimer Holdings

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

    Pros

    -None. The work life balance is probably the better aspects of this company, not much else to say.

    Cons

    -Most management are those survivors of Lehman/ Bear Sterns still trying to pretend it's the 1980's. No room to move up, only there to service the Ego's of endless cubicles of has-beens.


  11. Enjoyed my experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern in Atlanta, GA
    Former Employee - Intern in Atlanta, GA

    I worked at Oppenheimer Holdings

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Loved working here, found everyone very intelligent and professional. The experience has absolutely helped me advance my career, and the training was valuable.

    Cons

    Pay was only mediocre, but that is to be expected with an internship. Other than that I have very few complaints

    Advice to Management

    My advice would be to continue on a similar course, as it was a great place when I worked there, and assume that hasn't changed.



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