FBR Reviews | Glassdoor

FBR Reviews

Updated September 11, 2017
68 reviews

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2.7
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FBR Chairman and Chief Executive Officer Richard J. Hendrix
Richard J. Hendrix
36 Ratings

68 Employee Reviews

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Pros
Cons
  • Senior Management waffles on direction of firm (in 5 reviews)

  • Long hours and very early mornings (in 3 reviews)

More Pros and Cons

  1. "FBR Review"

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

    I worked at FBR full-time (More than 10 years)

    Pros

    Plenty of exposure to learning fast, getting excellent on-hands experience.

    Cons

    Too much office politics, too many upper managers and not enough workforce. Required more work from staff and did not compensate appropriately.

    Advice to Management

    Take better care of those that actually do the work instead of only upper management.


  2. "now is not the time"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FBR full-time

    Pros

    good people to work with

    Cons

    shaking out from acquisition, lots of layoffs and attrition

  3. "FBR"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at FBR full-time

    Pros

    Great colleagues to work with. Interesting deals to work on.

    Cons

    Company was acquired. Significant layoffs and many more quitting


  4. "Senior Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in San Francisco, CA
    Current Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at FBR full-time (More than a year)

    Pros

    Collaborative environment and fair compensation.

    Cons

    Highly competitive therefore focus areas may change sooner than anticipated.


  5. "Great people, awful management"

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

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

    Pros

    Really great people around you that provide great resources day to day

    Cons

    Management is greedy and only have themselves on their minds

    Advice to Management

    Your employees are people too


  6. "Quick sand"

    StarStarStarStarStar
    • 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

    I worked at FBR full-time

    Pros

    Best work life balance for investment banking

    Cons

    No training. Lowest comp structure on Wall Street. Bonuses at the banking level max out at 5% of average bonuses on WS. No learning and therefore hard for juniors to have skills to allow them to leave. Horrible office culture even at the junior level. Struggle to close substantial size / fee paying deals. Too much reliance on small administrative At-the-market deals and 144A deals that are a struggle to close and waste resources. Most ppl are unhappy and don't believe in the long term survival of the company and aren't afraid to hide these thoughts.

    Advice to Management

    Re-evaluate what you are trying to achieve and what time of skill level and background you are recruiting from. Low comp will attract low preforming talent and will not inspire juniors to want to succeed or stay. Define yourself as a capital markets bank or hire M&A bankers that can close - don't pretend to be able to do something that you don't even try or want to do.


  7. "Stay Away"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at FBR full-time

    Pros

    Flexible work environment. No other pros

    Cons

    Nothing else - the management has no clue

    Advice to Management

    no one can advice management. they think they are right and see what has happened to the firm

  8. "Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at FBR full-time

    Pros

    Good starting place. Equity research can be a tough place to start, so any option to break in is good. Other than that i can not think of a good reason to be at the firm. But that is about it.

    Cons

    No money. Good starting place. Equity research can be a tough place to start, so any option to break in is good. But that is about it.


  9. "Clinical supervisor"

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

    I have been working at FBR full-time

    Pros

    I can make my own hours

    Cons

    There are no options for overtime

    Advice to Management

    they suck


  10. "Not ideal"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in Arlington, VA
    Current Employee - Associate in Arlington, VA
    Doesn't Recommend
    Negative Outlook

    I have been working at FBR full-time (More than a year)

    Pros

    Good place to learn the industry
    Small size gives opportunity for greater exposure
    "Next man up" mentality can mean faster advancement
    Work-life balance can be good, depending on role

    Cons

    Low compensation, especially at the lower levels
    Little commitment to attracting or retaining talent
    Low morale and high turnover
    Struggling in a declining industry

    Advice to Management

    Start working to retain talent and recognize success
    Better communicate the strategy to employees how the company is going to move forward and improve


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