Pacific Crest Securities

  www.pacific-crest.com
  www.pacific-crest.com

Pacific Crest Securities Reviews

7 Reviews
3.1
7 Reviews
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  1.  

    One of the best places to work in Portland

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

    I have been working at Pacific Crest Securities full-time

    Pros

    Considering similar jobs would most likely be based in the Bay Area or New York, it's impossible to compare the quality of life. Portland is a real gem. Strong camaraderie within departments in the firm. Smart people with tons of industry expertise. Very low turnover.

    Cons

    Smaller size limits advancement opportunities. Surprisingly slow to change, given focus on technology.

    Advice to ManagementAdvice

    Take chances, be more aggressive.

    Positive Outlook
  2.  

    Nickel and dime culture. Management is ignorant. Compensation one of the worst on street.

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

    I have been working at Pacific Crest Securities full-time

    Pros

    Some of the coworkers are friendly. Good place to learn if you have 0 yrs exp in finance. Portland is a nice, quaint town and the city environment is fantastic. Always something to do in Portland.

    Cons

    The compensation for juniors and mid-level is outrageously low, partially because mgmt understands that they are the only firm in town. Management has even jokingly at a function that the firm has leverage on the employees because Portland is so far away from everywhere else and it would be a pain to move their families. Even the 401K matching is lower than the street average.

    This type of thinking causes the firm to inculcate one of the worst cultures on the street. Management turns a blind side to abusive relationships and instills a my-way or highway type of attitude towards the employees, resulting in low company morale. Inexperienced HR department to resolve issues. Career advancement is limited, due to fear of employees jumping ship. Much of employee payouts hampered private equity backing.

    Advice to ManagementAdvice

    Understand that employee morale is tied to compensation. Instill a more friendly environment. There is a fine line between taking advantage of employees and maximizing company operating margins. If you can't pay employees then dont expect them to work 70 hours weeks and waking up at 4 am.

    Doesn't Recommend
    Negative Outlook
  3.  

    Great place to work, people to work with

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

    I have been working at Pacific Crest Securities full-time (more than 10 years)

    Pros

    People, simple company structure, management values people

    Cons

    Small company, limited resources, limited advancement opportunities

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
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  5.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Portland, OR
    Current Employee - Anonymous Employee in Portland, OR

    I have been working at Pacific Crest Securities

    Pros

    You get to work with great people in a very interesting job. Relative to the other opportunities in Portland the pay is very good.

    Cons

    For a firm its size you would expect better communication of objectives. How you are evaluated seems like a black box.

    Advice to ManagementAdvice

    Better communication and more clearly defined objectives is something everyone would value.

    Recommends
  6.  

    Middle market firm with middle market mentality

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

    I have been working at Pacific Crest Securities

    Pros

    familial atmosphere, most employees have worked there 5+ yrs and turnover is low for the industry. potential compensation is high relative to most other industries. lots of really smart people and world class characters work there, which makes it an interesting/entertaining environment. the HQ is in portland, which is a great place to work/live if you like the outdoors.

    Cons

    senior management lacks strategic foresight, are decent followers but are not industry leaders. pay is largely determined on an "as little as possible to keep you here" basis, so solid individual performance can go unrewarded for relatively long periods of time. there is no internal education, so you have to be very self-motivated and pro-active to progress and learn. 'boys-club' atmosphere can be taken too far at times.

    Advice to ManagementAdvice

    take risks and think different. you have been aware that the current model is a diminishing opportunity for years, but have done little about it. if you want to "run a different play", then run a different play. there is a strong tendency to talk about running a different play, but then check down to the same play when you get to the line of scrimmage.

  7. 1 person found this helpful  

    Management is unbelievably out of touch

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

    I have been working at Pacific Crest Securities full-time

    Pros

    One of the few investment banks to work at locally

    Cons

    Inefficient processes, poor work/life balance and compensation, poor communication channels

    Doesn't Recommend
    Negative Outlook
  8. 1 person found this helpful  

    Excellent company to work for; Very fast-paced environment; Leading edge tech focused

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

    I have been working at Pacific Crest Securities

    Pros

    Pace of work is challenging but rewarding
    Unbeatable lifestyle in Portland, Oregon relative to Wall Street firms
    Good compensation but success-based with entry-level below market
    Constant exposure to leading edge technologies

    Cons

    Internet IT practices are relatively weak (still a small firm IT budget)
    Traveling to/from Portland can be cumbersome relative to limited number of direct flights
    Employee-owned firm so focus on growing profitability sometimes overshadows reinvesting

    Recommends

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