Newedge Reviews | Glassdoor

Newedge Reviews

Updated May 30, 2017
159 reviews

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Full-time Part-time

2.4
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Newedge Group CEO David Escoffier
David Escoffier
17 Ratings

159 Employee Reviews

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Pros
Cons
  • Performance not been great, doubts over Eurozone (it is owned by Soc Gen and Credit Agricole) can cause concerns among some clients (in 4 reviews)

  • The French tend to get preferential treatment and like to complain (in 19 reviews)

More Pros and Cons

  1. "Ok place to work"

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

    Pros

    It is a very transparent place. You know what you are getting into. Savvy people around you. Socgen integration iffy. Except prime services, where good.

    Cons

    Eat what you kill environment. Uncertain if there is career growth. Challenging business model


  2. Helpful (1)

    "Learned a lot"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Systems Administrator in Chicago, IL
    Former Employee - Systems Administrator in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Very fast paced, the best tech

    Cons

    Treated workers like slaves. I once called every night at 2 am for an issue I had already explained to the user was not inside my system and had directed them to who could help.

    Advice to Management

    Better 24/7 support that does not leverage one person to do all support. Terrible work personal life balance.

  3. "compliance officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compliance Officer in Chicago, IL
    Current Employee - Compliance Officer in Chicago, IL
    Recommends
    Positive Outlook

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

    Pros

    great work environment and people

    Cons

    poor compensation and poor opportunity for advancement


  4. "Director"

    Star Star Star Star Star
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

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

    Pros

    From 2006 to 2009 there was very good collaboration among development managers in spite of their manager.

    Cons

    To the detriment of the organization, people in positions of corporate leadership did not listen to their direct reports for constructive innovation.

    Advice to Management

    True capitalism (i.e. exchanging value for value) will build the organization faster and will produce a stronger company than blind allegiance to socialism.


  5. "eSolutions Admin"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - ESolutions Administrative in Chicago, IL
    Former Employee - ESolutions Administrative in Chicago, IL
    Recommends

    Pros

    Nice place to work, good people.

    Cons

    Too many meetings, time wasted

    Advice to Management

    Give employee's the tools needed to completed the work.


  6. Helpful (2)

    "Avoid"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at Newedge full-time (More than 5 years)

    Pros

    There is opportunity in chaos. On an individual basis, lots of decent people. Pay is fair, 401k match better than average.

    Cons

    Chaos at all times. Worst bureaucracy I have ever encountered ( and I worked for the government). You will have zero influence to change even the most mundane things.

    Advice to Management

    If you want a working example of what it is like to be a Soc Gen employee, try getting tech support. There are about 15 different IT departments. Try ordering office supplies. Then apply that level of Byzantine absurdity to actual work and watch your head blow up with frustration.


  7. "Fare reach/ Internal Mess"

    Star Star Star Star Star
    Former Employee - Sales in San Francisco, CA
    Former Employee - Sales in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Global reach for execution and some very talented people on individual desks.

    Cons

    Siloed culture. The company brought to former competitors(Calyon. Soc Gen) and the company never jelled into a well functioning unit.

    Advice to Management

    Institutionalize a way to effectively cross sell product to leverage your Global Brand.

  8. Helpful (2)

    "Analyst (front office)"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nice outside environment. Convenient location. Usually no need to overtime.

    Cons

    No upgrade opportunity.
    Unfriendly management.
    No support for new business developed. just want to play same
    Decrease bonus all the time.
    Dying business. SG just trying to take advantage of all Newedge's clients and get rid of Newedge eventually.

    Advice to Management

    Just close this company. No need to struggle.


  9. "Should not be in the Brokerage Business."

    Star Star Star Star Star
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in New York, NY
    Current Employee - Director in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Co-workers are very nice, location good.

    Cons

    Worst management structure I have ever worked with. They should have been closed down by FINRA. They lie to the employees !!!!

    Advice to Management

    Quit


  10. Helpful (5)

    "One job I wish I never had"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Offered very competitive benefits. Great location for commuting.

    Cons

    Leadership is awful. Mid-Level Management is the worse I ever seen. The ability to kiss butt and stroke egos has more weight in this company than your ability to competently complete the job. Unfair bonus and raise structure. Office gossip and drama just way too much to deal with.

    Advice to Management

    Evaluate work based on performance. Pay more attention to compliance and regulations. Institute a less discriminative pay structure.


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