FINRA Reviews | Glassdoor

FINRA Reviews

Updated December 9, 2018
421 reviews

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3.1
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FINRA President and Chief Executive Officer Robert W. Cook
Robert W. Cook
19 Ratings

Employee Reviews

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Pros
  • "Work life balance unmatched in Finance" (in 98 reviews)

  • "Great benefits for employees and lots of decade employees" (in 48 reviews)

Cons
More Pros and Cons

  1. Featured Review

    Helpful (3)

    "Meaningful work, great environment, opportunity to learn and grow"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Director in New York, NY
    Current Employee - Senior Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    FINRA offers opportunities for people in a broad range of professions - data scientists, compliance examiners, enforcement attorneys, other regulators, investor educators, etc. - to grow and develop within their respective areas while doing very meaningful work: helping to protect investors.
    Challenging work that is personally and professionally rewarding. Collegial environment where others are happy to share their expertise to help you learn. Competitive compensation and benefits. FINRA is renewing itself with a comprehensive review of its organization and operations, with an eye toward being the most effective and efficient organization it can be. FINRA is fully committed to a diverse workforce and inclusive work environment, offering a number of programs and benefits along these lines. Senior leadership is actively engaged in advancing diversity and inclusion goals.
    Overall, an expectation that you have an opportunity to contribute your individual perspective and expertise to the success of the organization, and your ideas and views will be heard.

    Cons

    If you think that a non-for-profit, self-regulatory organization would be sleepy and slow-paced, this is not for you; performance expectations are set very high and the work can be intense.
    The organization is in the midst of very positive changes, and if you're not flexible, adaptable and willing and able to reinvent your work, this is not the place for you.

    Advice to Management

    Keep reinventing yourself. Change is of course difficult on many levels, but essential to remaining vibrant, relevant and an attractive choice for people who want to make a positive difference in our markets and economy.


  2. Helpful (1)

    "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Investigator in Rockville, MD
    Former Employee - Senior Investigator in Rockville, MD
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Interesting work, great hours, good benefits, fair pay.

    Cons

    Location in Rockville is not convenient to D.C.

    Advice to Management

    Keep up the good work.

  3. "Great place to work and earn your financial industry strips"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Examiner in New York, NY
    Current Employee - Associate Examiner in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FINRA full-time (Less than a year)

    Pros

    Great work life balance, golden ticket on your resume.

    Cons

    Other group are favored over certain groups. Senior and junior employees do same work at different pay.


  4. "Regulatory Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Rockville, MD
    Former Employee - Anonymous Employee in Rockville, MD
    Recommends

    I worked at FINRA full-time (More than 5 years)

    Pros

    Interesting work and collegiate environment

    Cons

    Some rigidity due to the nature of the business.

    Advice to Management

    N/a


  5. "Quantitative Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at FINRA full-time

    Pros

    Good work and life balance

    Cons

    hard to get promotions and salary can not increase quickly


  6. "Non-tech managers and fiefdoms"

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

    I have been working at FINRA full-time (More than 3 years)

    Pros

    They downgraded their optional health plans, like most companies these days, but the time off, 401 match, and other benefits are still great. You have to land a permanent position first, however.

    Cons

    FINRA is still a company of contractors and poor planning. They are planning to lay off or push out half of each of most of the teams on the tech side as the aws migration finishes up. Most people on the hardware side expect it and understand it, but the irony is, finra would be better off keeping its technical talent and slicing out all of middle management and some of the vps. This is a company of too many chefs and not enough cooks—and most of the chefs are ones you’d see getting yelled at by Gordon Ramsey for sucking so bad to extend the metaphor. Finra is full of nontech managers who use their employees knowledge as their own and make technical decisions without discussing with their technical team first. I can count on my hand the managers that are technical and know what they are doing. But, even then finra is company of fiefdoms as well on the tech side. One team builds a tool that is similar to what another team is working on, instead of working together for something bigger and better, both teams waste time building a different version of the same thing!! Even better, the senior management push to get every app in the cloud by a certain date is such a hardline that developers and literally forced to send unfinished apps into prod. They run deployments and literally tell ops they don’t know how to support or run it and this is prod. Core apps are breaking and crashing and those same tech teams get laid off as managers who caused this problem in the first place sit back. Finra is on the cusp of really dying right now. Major contracts have been lost as well—because management is not letting technical folks work together to build a better product.

    Advice to Management

    You need to completely reshape your company and you are doing it at the wrong level. Look to your middle managers who cause 90% of the cultural and technical problems. Some mean well, others definitely do not, but they all need retraining at minimum. You can’t force finra into an open office and magically expect people to be happy and things to work like they do at google or a small startup. Square peg, round hole. You have done a poor job of forcing a culture shift.


  7. "Good Cop, Bad Cop"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Examiner in Washington, DC
    Former Employee - Examiner in Washington, DC
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great Food in the Cafeteria

    Cons

    No Bathroom Breaks between meetings.

  8. Helpful (1)

    "Coordinator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at FINRA full-time

    Pros

    Great benefits and insurance available

    Cons

    Need more socializing activities to bring unity and team building throughout the company.


  9. Helpful (4)

    "Dig the Grave"

    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
    Disapproves of CEO

    I have been working at FINRA full-time

    Pros

    Nice desks and chairs. Benefits good, salary good to start, then you're held back. Bonuses to the "friends".

    Cons

    SVP, EVP, VP, Senior Director. Never seen so many in an organization that is losing money like the drain has been pulled. As much as it might hurt, it's time for the SEC to pull the plug on this failure. No direction, no future, the door is coming off the hinge with employees leaving, especially in NY. Does FINRA 365 mean you're back to where you started?

    Advice to Management

    Take a close look at what you're doing. Directors, Managers, Analysts, Lawyers are doing pretty well; they work hard. Once you get past that group, their managers, VP, SVP can't get out of each others way to please their bosses. They change things and then you're back at the drawing board. They waste precious time on Create-a-thons and other useless programs that tend to cost so much money. They are scared when you go outside the organization to see what others are doing in their chosen field. Then there is HR. They are out to protect the company, not the employee. Sad state of affairs. Their Board of Directors need to take a better look at what is really going on. Want the best way to do a survey? Do it by paper. No computer trail, that fools no one anymore. The top is tilting. So sad to watch. Culture and Value is great in Rockville, Md, where the real part of the company is. All other places are a mix of poor planning that is creating a deadly culture to a once proud company.


  10. Helpful (2)

    "Sales Practice Examiner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Sales Practice Examiner
    Former Employee - Sales Practice Examiner
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at FINRA full-time (More than 5 years)

    Pros

    Used to be o.k place to work.

    Cons

    Compensation, unpredictable travel.
    It's like a race to get out of there. Little or no raises, and becoming extremely difficult to get a promotion.
    New CEO is making cuts causing more employee turnover.

    Advice to Management

    You can't give no raises or 1/2% increases and expect employee engagement to be anything but low and going lower. That's not even a cost of living increase, especially with employees paying a bigger share of insurance. Move on from the bad managers, there are certain ones nobody wants to work for, and just leave instead.