Pros
- Will hire externally or internally for front office finance type roles without the typical ivy education / bulge bracket experience - Encourages internal mobility - Pre-pandemic, lots of great young professionals to grow your network - Lots of work to pick up and gain experience
Cons
- The company values etiquette over results - The level of detail on PowerPoint slides that middle and upper management want is pathetic. If your VP or under, be prepared to spend long nights doing insignificant PowerPoint edits - SVP+ act like they are more important than they are (Not all but most) - Lots of Inexperienced managers that tend to be indirect and micromanage - High employee turnover especially in finance. Personable/smart people leave - Company will tell you rapid-growth and pay is “at market” but really this means you will work more for flat pay - Promotion pay is laughable for the effort it will take to earn it - The company is viewed as a low tier financial firm to front office finance professionals Advice: Use LPL as a stepping-stone, cherish the time with your manager if he/she is good, and pay close attention to the management turnover