Wedbush Securities - Good people, but organization lacks vision | Glassdoor
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There are newer employer reviews for Wedbush Securities

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Helpful (2)

"Good people, but organization lacks vision"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Equity Research Associate in San Francisco, CA
Former Employee - Equity Research Associate in San Francisco, CA
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

I worked at Wedbush Securities full-time (More than 3 years)

Pros

Management is very hands off and let's you do things how you want
Great group of people
Great place to get your feet wet in finance
Relatively easy to move up and get promoted

Cons

Pay is pretty low
Organization lacks vision and purpose and this trickles down to morale
High turnover

Advice to Management

Decide what you want Wedbush to be and then make the investment to get there
Communicate a more clear vision for the organization, one that people can get behind

Other Employee Reviews for Wedbush Securities

  1. Helpful (3)

    "Great people and work / life balance, but out dated systems & salary is significantly below market."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst in Los Angeles, CA
    Current Employee - Financial Analyst in Los Angeles, CA
    Recommends
    Neutral Outlook
    Disapproves of CEO

    I have been working at Wedbush Securities full-time (More than 5 years)

    Pros

    1. There are very understanding managers at Wedbush -- if your work hard, you will learn and improve your basic skills and *MAYBE* rewarded.
    2. Work environment is very friendly and there is no excessive pressure or unreasonable demands.
    3. It is a good entry level job that gives you the exposure to the industry. Certain departments have great exposure to the latest industry trend such as low-latency trading. So it might be a good starting point if you are in Los Angeles.
    4. If you have personal or family problems, taking a personal leave will not cost your job. This is something hardly seen these days.
    5. Some management personnel are willing to listen to your ideas and may even change the process or procedure if your idea is sound. I've been in regular meetings with senior management and even the CEO (and his family), discussing certain issues. This is NOT very likely in a more established company such as Wells Fargo.

    Cons

    1. VERY outdated system -- company is not very willing to adapt due to cost concerns.
    2. Salary is significantly below the market average. I am talking about comprehensive compensation -- expensive medical benefits, no parking benefits, and almost never a bonus unless you work in certain sales divisions. Taking these factors into account, your disposable income after work related expenses is quite low.
    3. Getting a raise is very difficult because the company's review process is ridiculously tedious. A 20 page write up is often needed in order to justify a raise and managers simply don't have time for that. It is possible to get it, but you better be truly exceptional. Otherwise, it'll be five years with no review or a raise.
    4. Jumping ship to bigger and more established companies can be hard because of the outdated systems and your skills may be limited or non-transferable.
    5. Certain departments have crazy, crazy employee dramas which are really counterproductive, and management isn’t doing enough to stop this.

    Advice to Management

    Don't try to be "Scrooge". Efforts wasted trying to save pennies on the dollar can be used to improve client services or generate new ideas. Why not improve the company's systems and make operations more efficient? Sometimes a big investment upfront can be beneficial in the long run, and if management only looks at the hindsight, it would hamper the company's growth in many ways.


  2. Helpful (7)

    "Dumb & Dumber; A Firm Full of Followers Rather Than Leaders"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in Los Angeles, CA
    Former Employee - Associate in Los Angeles, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wedbush Securities full-time (More than a year)

    Pros

    Great place if this is your first job EVER

    Cons

    Management has no strategy; Only way to get ahead is by kissing @$$.

    Advice to Management

    Sell the company and spare yourselves the embarrassment of folding operations.

There are newer employer reviews for Wedbush Securities
There are newer employer reviews for Wedbush Securities

See Most Recent

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