ICAP Reviews | Glassdoor

ICAP Reviews

Updated November 4, 2017
167 reviews

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3.3
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John Phizackerley
4 Ratings

167 Employee Reviews

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Pros
  • Nice work life balance; Good atmosphere (in 12 reviews)

  • Very good work environment and keeps you busy all the time if you understand the business and have knowledge of working on multiple projects/products (in 12 reviews)

Cons
  • long hours and late nights out with clients (in 6 reviews)

  • Not for the introverted/not cut-throat (in 5 reviews)

More Pros and Cons

  1. "tl"

    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 ICAP full-time

    Pros

    it is a very good company

    Cons

    u need more time for vacation


  2. "Admin"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Comp & Benefits
    • Senior Management
    Former Employee - Administrative Assistant in Jersey City, NJ
    Former Employee - Administrative Assistant in Jersey City, NJ
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great culture and great benefits

    Cons

    no room for growth unless you're a broker

  3. "The past is the past"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at ICAP full-time

    Pros

    Wide exposure to all financial products in the marketplace. Often times tries to be nimble and lead the industry.

    Cons

    Since the merger with TP, innovation has dwindled and it seems very difficult to get things done. London makes all the decisions.

    Advice to Management

    Everything is single threaded now with many "approval" choke points. Need to let managers manage and work together.


  4. "Broker -Trading Floor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Broker in Jersey City, NJ
    Former Employee - Broker in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    -you might make some great friends in other departments since they are not direct competition
    -the lunches can be amazing and client dinners are often at top restaurants
    -the pay is competitive. and you CAN do VERY well with a strong inside connection that makes sure you get paid/ exposure to good clients, if you are highly manipulative, or have seriously elite skills 
    -I hear severance is ok if things don't work out.  it is not the best but at least they give something.
    -vacation policy is great for USA but don't take too much or you'll get scrutinized
    -opportunity to network with clients at big banks to get a job there
    -no nights/weekends. late nights only exist if you entertain clients out of the office.
    -it can be an entry point into finance if you don't have a business, finance, econ degree, or any degree. just come ready to play.

    Cons

    -Overall, the firm is decentralized/disjointed. this is good at times but creates many other problems.
    -I would be better off with Target on my resume than ICAP which is little-known or even looked down upon by banks
    -many people struggle to find other decent finance jobs after ICAP
    -internal mobility rarely happens and promotions are infrequent
    -the broker training program lacks substance
    -good brokers become top brokers who might become desk heads who might become management. good brokers don't necessarily make sufficient managers/leaders. leadership is lacking.
    -task variety can get old. it becomes a boring factory job which is easier to swallow if you are a top producer.
    -it is still a "boys club" where insiders take care of each other well

    Advice to Management

    the firm needs a culture shift and also a vision where each worker sees his/her role.  quality people ultimately are not happy because of the cut-throat/back-stabbing culture.  in order for this to happen, managements' egos need to be open to new ideas. people will blossom better.


  5. "New York-based"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mid-Level Manager in New York, NY
    Former Employee - Mid-Level Manager in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Very well run company with lots of smart people; the Brits are fun to work with also. They're large and into every market so good learning opportunity.

    Cons

    The company is splitting so much change happening.

    Advice to Management

    Management could not be better.


  6. "senior systems eng"

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

    I worked at ICAP full-time

    Pros

    busy and learn alot, good work life balance

    Cons

    political and limited upward growth


  7. "senior software developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Jersey City, NJ
    Former Employee - Software Engineer in Jersey City, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    coworkers are very nice and professional

    Cons

    after being purchased by TP, everything went bad

  8. "World class and smart"

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

    I worked at ICAP full-time

    Pros

    I had some of the best times of my professional career there at EBS.

    Cons

    Need middle management layer and a more mature software development lifecycle.

    Advice to Management

    You need a strong PMO and SDLC for better time estimates, faster delivery times and stronger profit margins.


  9. Helpful (1)

    "Avoid at all costs. This position has now gone to Nex company, but it's not available in Glassdoor yet"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trading Applications Engineer in Jersey City, NJ
    Former Employee - Trading Applications Engineer in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at ICAP full-time (Less than a year)

    Pros

    Salary, you are paid for the abuse you will endure here. Count only the salary as a pro. And pto days

    Cons

    They are overly demanding and treat you inhumanly. You are constantly on call and even if you have to take a call in the middle of the night, you are expected to be in the office the next day on time regardless. Also, work from home on the weekends, there is no comp time or reward. bonus will be peanuts. If you see brokertec in the description, don't change jobs for this. Only take it if you have no other options whatsoever. This is a career ending opportunity. Don't take a trading support titled role here. They also fire people for the dumbest reasons, without any warnings, right before bonus time at the end of April. No job security at all. No flexibility at all. No work from home other than weekends which they require. The work itself is same thing over and over.. a lot of downtime where you are just sitting in the office as required. Rotating shifts are a joke. Team lead is anal that each shift be covered to the last minute. (7-4/8-5/9-6/10-7) so when you request a day off and are even 8-5/9-6 you get asked the stupid question of who will cover that shift. In a reasonable environment, the important shifts required are early and late.. there's an overlap that will cover the day shifts. But in this place... extremely stupid....

    Advice to Management

    Become human and give some flexibility to the employees.. some have a life outside of work.


  10. Helpful (1)

    "ICAP - TPICAP"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Jersey City, NJ
    Current Employee - Senior Software Engineer in Jersey City, NJ

    I have been working at ICAP full-time (More than 10 years)

    Pros

    Excellent work environment, nice people.

    Cons

    Low pay and no growth.

    Advice to Management

    Invest in your workers.


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