FBR Employee Reviews | Glassdoor

FBR Reviews

Updated March 18, 2017
63 reviews

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Full-time Part-time

2.6
Star Star Star Star Star
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FBR Chairman and Chief Executive Officer Richard J. Hendrix
Richard J. Hendrix
33 Ratings

63 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. Featured Review

    "Great Place to Work"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Great benefits and challenging work environment. Really support co workers and fun atmosphere. The compensation is above market. I enjoyed my time there.

    Cons

    Long hours and very early mornings. Many times you would have to work weekends to keep up with the work load.


  2. "Good firm"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Negative Outlook
    Disapproves of CEO

    I worked at FBR full-time

    Pros

    Lots of potential in an eat what you kill environment. Smart co-workers and nice offices

    Cons

    CEO is not focused on the bottom line, which has led to mass layoff for years now.

    Advice to Management

    Make the hard cuts NOW, and reap the long term benefits from these changes.


  3. "Quick sand"

    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

    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.


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  5. "Analyst"

    Star Star Star Star Star
    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.


  6. "Clinical supervisor"

    Star Star Star Star Star
    • 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


  7. "Not ideal"

    Star Star Star Star Star
    • 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


  8. "So So Experience"

    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
    Neutral Outlook
    No opinion of CEO

    Pros

    Opportunity to make some decent money. Some of the people are nice.

    Cons

    Management constantly looking over your shoulder.

    Advice to Management

    Let people work. Everybody wants to do well in a commission based job. They don't need to feel threatened.


  9. "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Big transactions vs. small and high volume

    Cons

    Awful culture, way below market comp

    Advice to Management

    Leave


  10. "Pros and cons"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Smart people that work hard

    Cons

    A lot of politics that lead to a lot of people looking over their shoulder


  11. "FBR & Co."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Sales in New York, NY
    Former Employee - Vice President Sales in New York, NY

    Pros

    Location location location, as long as you're coming from Westchester County. They are located right at the north access to Grand Central Station.

    Cons

    Senior Management waffles on direction of firm. They are too reliant on one single business and have no plan for diversifying their business model.



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