First New York Securities LLC Reviews | Glassdoor

First New York Securities LLC Reviews

Updated July 24, 2017
18 reviews

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2.8
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Thomas Donino
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18 Employee Reviews

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  1. "College Grad Entry Level"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at First New York Securities LLC (More than a year)

    Pros

    Multi discipline asset management firm, old school culture, make your own hours and trading style

    Cons

    No real education structure to develop a profitable trading scheme, some PM's scheme is outdated

    Advice to Management

    If you want to develop young talent then develop a proper training program


  2. "Former Trader"

    StarStarStarStarStar
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY

    Pros

    You can trade size. Company is well-capitalized.

    Cons

    Limited training for newbies. Expected to hit ground running.

  3. Helpful (2)

    "Not a great place to start in securities business"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Assistant Trader in New York, NY
    Former Employee - Assistant Trader in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    You can earn your series 7 license.

    Cons

    Long hours, short pay, high stress environment.

    Advice to Management

    None.


  4. "Trading Assitant"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good Upside to make money

    Cons

    You must be really good to move on


  5. Helpful (2)

    "partner"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in New York, NY
    Former Employee - Trader in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    if you know what you are doing, you will make a lot of money. there are no entitlement programs at fny. if you want to make some money , you must work for it.

    Cons

    not a lot of good places to get breakfast or lunch

    Advice to Management

    stop hiring kids with no experience except for their place in the hamptons


  6. "Trader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    Very entrepreneurial. Can make a lot of money quickly. Great place if you know how trade

    Cons

    Not clear communication from management


  7. Helpful (1)

    "Good Place To Work"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    congenial atmosphere to work in

    Cons

    Better training could be provied

  8. Helpful (2)

    "amateur hour, lots of useless talent"

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

    I have been working at First New York Securities LLC full-time (More than a year)

    Pros

    no dress code, do as you please, decent coffee. well paid.

    Cons

    Working in IT, upper management is non communicative, totally shut in, there are several individuals who are a total waste of space and should of been let go years ago. Senior managers play a lot of locker room antics and have their favorites. Highly disorganized environment. there is no real career advancement.

    Advice to Management

    Fire the dead weight, become more open with your communication, have work outings, provide mentor-ship.


  9. "FNY portfolio manager"

    StarStarStarStarStar
    Former Employee - Portfolio Manager in New York, NY
    Former Employee - Portfolio Manager in New York, NY

    I worked at First New York Securities LLC full-time (Less than a year)

    Pros

    a good amount of flexibility in trading ideas/execution

    Cons

    6 months trading of flat returns and I was out the door. High cost per transaction on equities trading

    Advice to Management

    be more selective in hiring and give a longer do or die period


  10. Helpful (5)

    "disorganized and penny pinchers"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Portfolio Manager in New York, NY
    Former Employee - Portfolio Manager in New York, NY

    Pros

    freedom to run book how you want (in theory), can take vacation, new mgmt might be better

    Cons

    they'll try to hit you with a lot of fees to pay you a smaller cut; not an ideal set up if you come from traditional hedge funds

    Advice to Management

    you need to pick where this business is going. if it is a day trading shop, make it a day trading shop. if you wanna run long/short and recruit credible long/short pms, you cant stand over a guys shoulder every time a $60 stock moves 30 cents.


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