John Thomas Financial Stockbroker Trainee Reviews | Glassdoor

John Thomas Financial Stockbroker Trainee Reviews

3 reviews

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4.4
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John Thomas Financial Founder & CEO Thomas Belesis
Thomas Belesis
1 Rating

Employee Reviews

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  1. Helpful (1)

    "Definitely the best option if you are serious about making it in the business."

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

    I have been working at John Thomas Financial full-time (More than a year)

    Pros

    An extremely fair deal as there is no massive obligation of opening 10 to 50 accounts for a senior broker like the other interviews I went on. Instead you qualify 100 leads and then go straight into a joint book of business.with a 50/50 commission split. As a result I made commission on my very 1st account. You're required to put 20 accounts into to the joint book which is great because it meant my senior broker could guide me along the way and show me how to raise money. After this you can build your own book. They have a massive high energy trade floor with excellent research at their disposal.

    Cons

    Non stop cold calling although this can be expected on any trainee program at any firm. Extremely long hours which is why I had to leave as I had other obligations.

    Advice to Management

    None


  2. Helpful (1)

    "Great for starters"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stockbroker Trainee in New York, NY
    Current Employee - Stockbroker Trainee in New York, NY
    Recommends

    Pros

    Great for starters. aggressive environment

    Cons

    not for everyone. fast paced

  3. Helpful (1)

    "Love it!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stockbroker Trainee in New York, NY
    Current Employee - Stockbroker Trainee in New York, NY
    Recommends

    Pros

    It is a great place to start your career on wall st. I am looking forward to making tons of money!!!

    Cons

    It is a very secritive place. Sometimes I think that we need to ramp up the PR of the firm.

    Advice to Management

    I belive the interview process could be better I dont understand why it takes so long to make a decision.