Cantor Fitzgerald "no 401k match" Reviews | Glassdoor

Cantor Fitzgerald Employee Reviews about "no 401k match"

Updated Jun 21, 2019

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Found 214 reviews

2.4
StarStarStarStarStar
Rating TrendsRating Trends
23%
Recommend to a Friend
36%
Approve of CEO
Cantor Fitzgerald CEO Howard W. Lutnick
Howard W. Lutnick
112 Ratings
Pros
  • "Great people, open learning environment, allows you to get as much from your role as you’re willing to take on(in 9 reviews)

  • "Fantastic work environment with truly productive assignments for interns(in 7 reviews)

Cons
  • "Long hours is the only complaint I have,(in 19 reviews)

  • "No 401k match, bare bones minimum for all else(in 13 reviews)

More Pros and Cons

Reviews about "no 401k match"

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  1. Helpful (4)

    "Most people are trying to get out"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Cantor Fitzgerald full-time for more than a year

    Pros

    Fast pace environment and given a decent amount of exposure at entry level. If you want to break into the financial services world and this is your ONLY option, do it and leave after a year, otherwise stay away.

    Cons

    Significant portion of bonus compensation is in "partnership units" which you are told are essentially valueless upon leaving the firm. IT systems are very dated and frustrating to use (think late 1990s). Management layer is hired from other firms and there is lack of a middle layer between entry level and management because most leave after a year. List goes on and on... lack of focus on corporate culture, long hours,...

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    Advice to Management

    Pay employees in cash, create a corporate framework, improve benefits, invest in IT infrastructure.

    Cantor Fitzgerald2018-04-11
  2. Helpful (20)

    "Worst reputation on the street"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Cantor Fitzgerald full-time

    Pros

    It is right off a major subway station, which makes commuting nice. They are one of the few firms on the street to still invest money in company wide outings (e.g., legitimate Christmas party, summer trip to Magic Mountain, Shakespeare in the Park)

    Cons

    The benefits are subpar - I've never paid so much in premiums and received so little in return. There is no 401k matching. ***IMPORTANT*** In terms of year end bonuses, the firm has a sliding scale (based off how much you make) and uses it to determine how much of your total compensation should be paid in partnership units. It is VERY IMPORTANT to know beforehand that these...

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    Advice to Management

    N/A - the firm is built to make money for HWL and it is very good at doing exactly that.

    Cantor Fitzgerald2018-02-04
  3. Helpful (3)

    "Cantor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Cantor Fitzgerald full-time for more than a year

    Pros

    you have chances to learn more but most things are done manually

    Cons

    There's no 401k match Senior management are careless about employees

    Cantor Fitzgerald2018-01-17
  4. Helpful (1)

    "Not great"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Cantor Fitzgerald full-time for more than 5 years

    Pros

    Nice people and low pressure, fast moving

    Cons

    No 401K matching, slim benefits, lots of turnover

    Advice to Management

    Fix some of the cons and people would stay longer

    Cantor Fitzgerald2017-12-13
  5. Helpful (9)

    "Find better cheap firm"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President Operations in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    small boutique firm in fixed income.

    Cons

    There are many 1. No 401k match in this day & day that is ridiculous. There infrastructure is so old because they are cheap and have not made the investments. The medical benefits are a joke. Management is stuck in the 80's. Diversity is also non existent.

    Advice to Management

    treat your employees like you give a damn

    Cantor Fitzgerald2017-05-14
  6. Helpful (4)

    "Worst imaginable employer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook

    I worked at Cantor Fitzgerald for more than 5 years

    Pros

    absolutely none, other than a paycheck.

    Cons

    no work/life balance, no pay raises, they work you to death, completely unappreciative of the 24/7 effort, expensive benefits, no 401k match

    Advice to Management

    Lieing to employees will only bite you in the butt in the end. Take advantage of your employees' skills, not take advantage of your employees.

    Cantor Fitzgerald2016-03-20
  7. Helpful (2)

    "Horrible"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Disapproves of CEO

    I worked at Cantor Fitzgerald

    Pros

    People say it looks good on your resume.

    Cons

    They don't care about their employees. No 401k. Expensive benefits, low pay, horrible or no increases or bonus. They lie. High turnover. No incentives. Only upper management make money. So selfish. It's insulting and degrading to work there. No loyalty and yet they expect it from the workers.

    Cantor Fitzgerald2016-01-26
  8. Helpful (5)

    "Cheap as they can get away with."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Vice President in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Cantor Fitzgerald full-time for more than 5 years

    Pros

    The less you make, the less you pay for health insurance.

    Cons

    No 401k match, bare bones minimum for all else. Pay is largely restricted stock even for the lowest paid employees.

    Advice to Management

    Anyone switching companies to come work here needs to ask for as much of a pay bump as possible before they start. This is the only way to make up for the lousy benefits and meager raises. It's not a great place for people who both 1) work hard AND 2) expect to see that hard work reflected in their overall comp increases or benefits.

    Cantor Fitzgerald2015-08-08
  9. Helpful (18)

    "Howard has HR writing fake reviews!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Controller in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Cantor Fitzgerald

    Pros

    1. Because the compensation is so terrible, there is no incentive among employees to work hard. Because of this culture, you can get paid to be on ESPN and Amaxon all day. Great company for the lazy folk who don't want to work hard!!!

    Cons

    1. I've heard from inside sources that Howard was angry about the number of bad reviews on Cantor and it was making it difficult to hire people. He responded by getting the HR team to regularly write fake reviews. Don't be fooled. 2. Terrible benefits (no 401k match) 3. Crappy health insurance. 5. Always hiring because the company can't retain employees. I wouldn't recommend...

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    Advice to Management

    Resign...you have no managerial skill set.

    Cantor Fitzgerald2014-12-11
  10. Helpful (14)

    "Beware! Stay away!! You have been warned."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Cantor Fitzgerald full-time for more than 5 years

    Pros

    Absolutely none. As mentioned in some of the reviews below, reviews on this site for Cantor Fitzgerald that list pros tend to be fake reviews. The fake reviews are obvious because they all have 4 or 5 stars and the pros and cons they list are ludicrous. People who actually worked there would not give this company 4 or 5 stars. It is the least ethical company I have ever encountered, driven by the tone at the top,...

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    Cons

    1) Pay. You will never get a pay raise. The bonus you are quoted will never materialize. When you do get a bonus, it will be in worthless "equity" or in the form of loans! The company nickels and dimes you everywhere they can - no 401k match, high employee burden for health insurance, you name it. 2) Office culture. The tone at the top only values the bottom line. Your...

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    Cantor Fitzgerald2014-04-26
Found 214 reviews