HFP Capital Markets - Potential for earning is great | Glassdoor
There are newer employer reviews for HFP Capital Markets
There are newer employer reviews for HFP Capital Markets

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"Potential for earning is great"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Entry Level Broker Trainee in New York, NY
Current Employee - Entry Level Broker Trainee in New York, NY
Recommends

Pros

-They pay for series 7 and 63 and provide study materials.
-Brand New Office on park avenue with nice meeting room.
-Once you pass training program, you receive $150 or $300 for every account you open up, plus commission and a base salary.
-Fast paced, young and fun work environment.
-If good at it, will make a tonnnnn of money.

Cons

-No benefits to start out.
-You do have to get coffee and run errands but it is part of paying your dues.
-Have to open 100 accounts before you start making the real money.

Advice to Management

I would offer a little more money as a base to help out potential talent. It is hard living in NYC on that but the potential is what helps keep motivation going.

Other Employee Reviews for HFP Capital Markets

  1. Helpful (1)

    "Entry-level sales, little guidance, low base pay, very high turnover. High earning potential."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker Trainee in New York, NY
    Former Employee - Broker Trainee in New York, NY
    Doesn't Recommend

    Pros

    -There IS high earning potential
    -Competitive atmosphere and some good people
    -Pay for Series 7 and provide training materials

    Cons

    -99% of job is cold-calling. Could be a plus for some / if you are good at it.
    -Generate leads and make money for the senior brokers.
    -Cramped office
    -You are expected to live on an extremely low base pay in NYC. Impossible.
    -Trainees are treated as disposable coffee runners.
    -No benefits

    Advice to Management

    Invest more in new talent. The current business model is to lure new grads in with the promise of big money and hope some quality people stay.


  2. "analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    cool office nice computer good time on facebook and looking at cool math online

    Cons

    terrible job dont go here ..you will learn nothing dont go here find a more mathematical job you will learn more

    Advice to Management

    create a teaching enviroment


There are newer employer reviews for HFP Capital Markets
There are newer employer reviews for HFP Capital Markets

See Most Recent

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