SMB Capital
2.9 of 5 8 reviews
smbtraining.com New York, NY 16 to 50 Employees

SMB Capital Reviews

Updated Mar 31, 2014

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2.9 8 reviews

                             

100% Approve of the CEO

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Michael Bellafiore,

(2 ratings)

14% of employees recommend this company to a friend
8 Employee Reviews
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Great access to smart individuals

Anonymous Employee (Former Employee)

I worked at SMB Capital as an intern

ProsFor people wanting to learn to trade equities, fx, and options

ConsNo salary paid to interns

No, I would not recommend this company to a friend

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Great place to work

Anonymous Employee (Former Employee)

I worked at SMB Capital

Pros...for people committed to success at trading.

But realize it will take time.

Great traders willing to help you improve

ConsNo salary here, so anticipate that

Advice to Senior ManagementI'd consider re-structuring fees

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Training Firm... not Trading firm

Equity Trader (Former Employee)
New York, NY

I worked at SMB Capital full-time for less than a year

ProsGreat place to learn the basics of trading and hone your skill. People were great to work with too since everyone likes what they're doing.

ConsIt's actually not a job. You put up money to be there and then hope you're good enough to make it back after they take their 50% cut. Once you're in the hole, almost impossible to get out.

Advice to Senior ManagementHave to figure out a way to keep your good traders.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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fantastic learning oppourtunity and definetly worth the sacrifice

Entry-level Trader (Current Employee)
New York, NY

I have been working at SMB Capital as an intern for less than a year

Prosinformative and very productive learning curve

Consoverwhelming and at times you seem helpless

Advice to Senior Managementmore interactive with entry level traders

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Know what you're getting yourself into!

Anonymous Employee (Former Employee)

I worked at SMB Capital full-time

ProsFriendly group to work with, like to enjoy the night life together, helpful in training. Partners made butttloads in 90's tech bubble and '08, so making money isn't an issue.

ConsIt's all about the money. If you can't make it and you lose your account, you're done. Very intimidating fact if you having a hard time.

Advice to Senior ManagementSupport your traders more or get rid of them. The prop business is fading away and you know it, that's why you're moving to become a training facility.

No, I would not recommend this company to a friend

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Skip it

Equity Trader (Former Employee)
New York, NY

I worked at SMB Capital

ProsMade some great friends. It was a great place to learn how the markets work. A good introduction to equity trading.

ConsNot a place where management treats its employees fairly. Trading strategy does not work either. They need a new edge besides reading the tape.

Advice to Senior Managementtreat traders fairly. Develop new strategies because reading the tape is outdated and doesnt work. to many tricks with the programs.

No, I would not recommend this company to a friend

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1 person found this helpful  

Tough job, this place makes it a little tougher

Equity Trader (Current Employee)
New York, NY

I have been working at SMB Capital

ProsGives you a chance to trade the markets with firm capital
Partners want you to succeed
Nice people that work there
a lot of freedom in what you do with your time

ConsLack of experienced traders
trade a style with high transaction costs, and limited profit potential
tight risk limits, and limited buying power
confusing payout structure
completely commission based pay

Advice to Senior Managementneed to modernize your approach to trading

No, I would not recommend this company to a friend

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lacking

Anonymous Employee (Former Employee)

I worked at SMB Capital

Prosvery low bar to entry; they'll take you if you pay money for their training program. if you just want to experience what it's like to be a day trader, this could be a useful place to start

Consvery low bar to entry; they'll take you if you pay money for their training program. this means that many of the traders there are unqualified

Advice to Senior Managementthe training program is far too simple, and needs to be revised to be much more professional than it currently is

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at SMB Capital reviews and ratings — including employee satisfaction and approval rating for SMB Capital CEO Michael Bellafiore, . All 8 reviews posted anonymously by SMB Capital employees.