Janney Montgomery Scott Reviews | Glassdoor

Janney Montgomery Scott Reviews

Updated September 12, 2017
82 reviews

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3.8
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Tim Scheve
49 Ratings

82 Employee Reviews

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Pros
  • work-life balance and good location in Center City (in 5 reviews)

  • Learned a lot about investment banking, how banks for and how they perform various services (in 4 reviews)

Cons
  • Many departments within Janney have high turnover rates, mostly because of the poor pay (in 5 reviews)

  • no formal training structure/program, training depends on your branch manager's availability and willingness to work with you (in 3 reviews)

More Pros and Cons

  1. "Great Starting Point"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advisory Account Coordinator in Philadelphia, PA
    Current Employee - Advisory Account Coordinator in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Janney Montgomery Scott full-time (Less than a year)

    Pros

    Excellent company culture, friendly work environment, fair compensation, great work experience

    Cons

    Certain aspects of the operations jobs could be easily replaced with software advancements, this perpetually provides a small sense of urgency to quickly move to a different department or field

    Advice to Management

    N/A


  2. "Weak Management in Equity Capital Markets"

    StarStarStarStarStar
    • 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

    I worked at Janney Montgomery Scott full-time

    Pros

    (Some) Great Colleagues. Easy commute.

    Cons

    Management of Equities was a joke.

  3. "Private Client Assistant"

    StarStarStarStarStar
    Current Employee - Private Client Assistant in Philadelphia, PA
    Current Employee - Private Client Assistant in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Janney Montgomery Scott part-time

    Pros

    The people. Always very helpful whenever I needed help.

    Cons

    Lack of training. I just shadowed another employee that had more experience than me. I had to ask a lot of questions to get accustomed to my role.


  4. Helpful (2)

    "Mailroom Supervisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mailroom Supervisor in Philadelphia, PA
    Former Employee - Mailroom Supervisor in Philadelphia, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Janney Montgomery Scott full-time (More than 3 years)

    Pros

    Experience in a new field, new skills,

    Cons

    Pay rate was not market value for job title

    Advice to Management

    Be willing to compensate good leadership and retain talent.


  5. "Financial Advisor"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Janney Montgomery Scott full-time

    Pros

    Home office wants to see you succeed and eager to help

    Cons

    Older Advisors that do not want to change business


  6. Helpful (1)

    "Stepping stone position"

    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 Janney Montgomery Scott full-time

    Pros

    It's a great job that's easy to learn and where you can learn a lot about products in the industry.

    Cons

    The work can be monotonous. Call center-type arrangement where someone has to be at the desk at all times. And as there is little room for advancement, this is a position where you should really pick up what you can and move on after a year or so.

    Advice to Management

    Try to ensure all team members are doing their fair share of the work. Further educate team members on the products and programs they are discussing with financial advisors.


  7. "database developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Database Developer in Philadelphia, PA
    Former Employee - Database Developer in Philadelphia, PA
    Recommends
    Approves of CEO

    I worked at Janney Montgomery Scott full-time (Less than a year)

    Pros

    Great company with laid back work

    Cons

    opportunities for career growth may be minimal

  8. Helpful (1)

    "Associate"

    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

    Pros

    Flexibility, great culture, flat organization

    Cons

    Compensation may not be as competitive as the rest of the industry

    Advice to Management

    Introduce formal trainin programs


  9. "Decent Company"

    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

    Pros

    Really nice people who believe in what they're doing and genuinely want to help their clients.

    Cons

    Older workforce led to lots of complications with technology implementation

    Advice to Management

    Hire more millennials (they were already doing this when I worked there)


  10. Helpful (2)

    "Management does not care about employees."

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

    I have been working at Janney Montgomery Scott full-time (More than 5 years)

    Pros

    The people are great and it is a very friendly place to work. They give you everything that you need to do your job but then you are on your own.

    Cons

    Upper management is good but middle management is terrible. People are promoted by the buddy system, not by merit. If you aren't in click then you aren't going to be happy.

    Advice to Management

    Pay attention to what people are doing and not who they go drinking with.


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