TD Securities

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TD Securities Reviews

Updated August 10, 2014
Updated August 10, 2014
81 Reviews

3.6
81 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
TD Securities Chairman, President, and CEO Bob Dorrance
Bob Dorrance
41 Ratings

Review Highlights

Pros
  • The people are great, the values are excellent, the work/life balance is fantastic (in 6 reviews)

  • Good opportunity to learn, treat employees fairly (in 4 reviews)


Cons
  • Long hours and lots of internal politics (in 5 reviews)

  • The culture involves no work-life balance (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Great culture, collaborative environment

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

    Pros

    People are a pleasure to work with across the franchise, strong sense of team culture. Good cross platform mobility, transfers between groups and even geographies are encouraged to enrich learning experience.

    Cons

    Depending on the business, can be hierarchical. Not a great deal of clarity regarding career progression and criteria for transitioning to next rung on the ladder.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Great brand with too much politics and not enough action

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

    Pros

    TD, as a brand, is fantastic. The people are great, the values are excellent, the work/life balance is fantastic. Benefits are excellent.

    Cons

    No standard direction for technology. Every project seems to halt and move into a different direction, or halt and then start up again without any sort of explanation. Cross business communication is awful, especially between New York office and other locations.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Hostile

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  Houston, TX
    Former Employee - Associate in Houston, TX

    Pros

    It's a job

    It's finance oriented

    Texas has no income tax

    Cons

    1. You wont see anything remotely close to I-Banking deals in the Houston office (despite what they advertise)

    2. You'll spend 100+ hour weeks filling in bureaucratic paperwork for AA+ rated entities only to have the credit committee cite Moody's and S&P credit ratings in their final approval or disapproval

    3. You'll report to more than 4 or 5 different people because there is no one at a higher level that is trusted by the Calgary or Toronto offices - this is a problem, because one boss will leave at 4pm every single day and not expect you to stay much later than him, while the next boss down in the hierarchy will expect you to stay most of the night because he feels inferior if he's at home and finished working before his wife

    4. None of what you do will make an impact on a lending decision because the office is carried by syndicate votes and never has enough skin in the game to drive any deal

    5. The people you work with create undo stress and a hostile environment to work in, because they are a) still pretending that they're Investment Bankers and b) live in a culture of paranoia created by the antagonistic relationship the MDs have with each other

    6. You will have to endure meetings where "the blacks" are openly disparaged and if you're there long enough you will see female candidates turned away because of the potential that they'll become pregnant

    7. No one has the fortitude to give you direct feedback on your work. If you've screwed up, you will discover your mistake via office gossip months after the fact

    8. You will not have young coworkers for long. Any associate or analyst there when you're hired is simply waiting for you to be hired so they can transfer to a different office within TD or take a job elsewhere without burning a bridge

    9. There is constant backstabbing and undermining of each other because the 5 men (boys) in the office don't have the courage to confront each other when they feel there's an issue

    10. Expect 0% work-life balance because they've gone through so much turnover at the lower ranks that all of the Directors, MDs and VPs feel that they've been carrying a burdensome load for so long and are entitled to vacation days, while you need to earn yours

    11. I could go on, but if you've interviewed with the folks in this office, have read this and are seriously considering this job still, then I wish you the best of luck and hope you leave there with your sanity

    Advice to ManagementAdvice

    Senior Management has described the Houston office culture and personnel as a "known issue" but has continued to ignore the problem. Simply put someone down there who isn't afraid to enforce basic rules and standards regarding employee treatment and eliminate the hostile work environment. Recently they promoted the exact wrong person in an effort to correct the culture. Such a poor decision, because all of his negative behavior was rewarded with positive reinforcement.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Trading Business Management - useless dept

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

    Pros

    REMOTE ACCESS allows flexibility to work from home in bad storms

    Cons

    lack of process knowledge or involvement by MDs or SVPs - no real resources to get help

    Advice to ManagementAdvice

    Get your hands dirty instead of the DO as I say NOT as I DO!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Good but needs to be better

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

    Pros

    Great friendly company. Friendly co-workers. Offer a lot of trainings.TD has an open door policy and is really nice.

    Cons

    Below average salary. Not that great benefits. Came from an public accounting firm and work a lot more then a big 4 firm does.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  7.  

    Illuminating

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Associate  in  Houston, TX
    Former Employee - Associate in Houston, TX

    Pros

    Experience at TD can be pitched to future employers as being worthwhile and educational, based purely on the number of trainings required for the younger employees

    Capital intensive industries rely on their banks all the more

    Work involves plenty of SEC filings and financial statements

    Cons

    The trainings are standard for the banking market

    TD is a US syndicate participant and doesn't lead, co-lead, or co-manage any meaningful deals

    Work with SEC filings and financial statements is mostly copying and pasting/ data-entry

    The culture involves no work-life balance. Might seem like a non-issue for banking, but when your co-workers are few, personalities matter all the more.

    No conspicuous effort has been made to reshape the culture, despite explicit acknowledgement of an issue.

    Advice to ManagementAdvice

    Management is fully aware of the culture issues

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  8. 3 people found this helpful  

    Only good if you're Canadian

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

    Pros

    Good work-life balance - able to leave when the market closes

    Cons

    Can only be promoted if you're Canadian. Whenever a new high level position is posted, they transfer someone from Canada to fill the role.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 2 people found this helpful  

    Very bureaucratic IT organization - most convoluted SDLC on Wall St/Bay Street

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

    Pros

    Great management team
    Making an investment in technology
    Low bar, lots of manual processes - great upside for talented people
    TD really cares about it's staff

    Cons

    Paperwork and processes that add no value to any type of delivery
    Manual processes but organization is blind to any change - prefer a 35 page cut/copy set of instructions on an excel spreadsheet/access database to possibly acknowledging that not EVERY IBM product is amazing

    Advice to ManagementAdvice

    Simplify SDLC, accept an agile process for some projects. Reduce the amount of documents that you have to write to get anything done. Make a decision on strategy and direction and follow through.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Business Analyst

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    -Great location, downtown Toronto on Bay st.
    -Talented people and a company that cares about it's staff
    -Good place to learn

    Cons

    -Tend to be a lot of paper work and manual processes
    -Some instructions are old or missing for specific tasks

  11. 1 person found this helpful  

    Doomed to Failure (Juniors stay away!)

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

    Pros

    Colleagues will be more personable and less arrogant than other shops on the surface.

    Cons

    Upper management is very nepotistic towards Canadians. They consider McGill, Waterloo, etc. better universities than the Ivy Leagues, Stanford, MIT, etc. Although they promise that there is no strict timeline to get promotions TD is one of the worst places for advancement not to mention the pay is below market. What they want for all employees that aren't MDs already is to be life time support and not bring them along in their career. The technology is ancient and risk analytics equivalent to most 2nd year college student projects. I feel sorry for the juniors at the firm who started their careers in the New York office because they are being brought along with inferior guidance and a third tier name on their resume.

    Advice to ManagementAdvice

    If you want to be considered a first tier organization pay first tier salaries and bonuses and develop students that you grab that are first tier talent. Otherwise RBC will continue to dominate you as a semi-organized model for a Canadian investment bank.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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