Penson Worldwide - Penson is a great place to work when the economy is good and interest rates are high. | Glassdoor
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There are newer employer reviews for Penson Worldwide

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"Penson is a great place to work when the economy is good and interest rates are high."

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Dallas, TX
Former Employee - Anonymous Employee in Dallas, TX
Recommends
No opinion of CEO

Pros

Penson has very kind people and the managers, vps, and senior managers foster a positive environment at the company.

Cons

The low interest rate environment has made Penson a very stressful place to work. In addition, the Ridge deal has consumed lots of resources in a time that is already very challenging for the industry.

Other Employee Reviews for Penson Worldwide

  1. "There are better places to work."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Employee in Dallas, TX
    Current Employee - Employee in Dallas, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    If you are part of the buddy system, you are set and you can do no wrong. Heck, you could be made a Director if you screwed up something but played your cards right. I have seen it happen.
    If you are a contractor, this is a great place to work. You know why? They don't do things efficiently here. Because of that, you can make alot of money by working since things are done poorly here. However, if you are going to stay and you get paid salary, you are gonna get screwed.

    Cons

    They are not open to new ideas. Leadership there wants to do things the same way. I have been here for a very long time and I have seen new people come in with new ideas for Penson to try but management ignores them. Then the new people get frustrated and leave the company. If you are applying for work at this company and you are told they welcome new ideas BE WARNED. VERY WARNED! You will most likely end up like those people who are excited for the first few months and then after a year leave because they have been lied to.

    Advice to Management

    Do not call yourself leadership. Leaders are visionaries. There are no visionaries at Penson. Period. Also, you need to get someone who can strategize. Right now, leadership is bunch of sales guys that will never say No to a customer. The problem is the company you "built" can't support all the promises you guys make. Do you guys wonder why you have high turnover?


  2. "Great developers, Great company, software development setup sucks"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Dallas, TX
    Former Employee - Anonymous Employee in Dallas, TX
    Doesn't Recommend
    No opinion of CEO

    Pros

    Very friendly environment, in all departments but one (software dev) work is set up efficiently, people pulling together in the right direction

    Cons

    Software is mostly outsourced locally and abroad, developers are trying to glue various pieces together, unrealistic work plans, no clear reqs provided to the outsource team, developers work a lot of hours accomplishing very little due to overcomplicated and inefficient procedures

    Advice to Management

    Get a good Development VP, re-organize the whole department. "Work more hours" can't be a permanent answer to all issues.

There are newer employer reviews for Penson Worldwide
There are newer employer reviews for Penson Worldwide

See Most Recent

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