Oppenheimer Holdings Reviews | Glassdoor

Oppenheimer Holdings Reviews

Updated December 10, 2017
176 reviews

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2.8
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Oppenheimer Holdings Chairman and CEO Albert G. Lowenthal
Albert G. Lowenthal
72 Ratings

176 Employee Reviews

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Pros
Cons
  • Poor Pay and technology with no room for growth (in 5 reviews)

  • No raises EVER for salaried employees (in 7 reviews)

More Pros and Cons

  1. "Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Administrative Assistant in San Francisco, CA
    Former Employee - Senior Administrative Assistant in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    15 years at the company, which was called CIBC World Markets when I started.

    Cons

    Went through a lot of layoffs in 15 years. Investment Banking Group had a lot of changes.


  2. "Associate Financial Advisor"

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

    I have been working at Oppenheimer Holdings full-time (Less than a year)

    Pros

    Short lines of communication, ability to work how you want. Nice people work there. Other than that, it’s pretty rough.

    Cons

    Technology is very far behind. No guidance for new financial advisors. Outdated business model. The fees they charge are very high. You’ll be frowned upon if you try to put clients in low cost index funds.

    Advice to Management

    Get into the 21st century.

  3. "Equity Research"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    lots of interaction with senior analyst

    Cons

    No formal training program. Minimal work with other groups.


  4. "below average investment firm"

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

    I have been working at Oppenheimer Holdings full-time (Less than a year)

    Pros

    no proprietary products to push, no account minimums, good money managers on platform, flexiblity, decent payout grid

    Cons

    extremely poor technology and website, very outdated system tools, poor management guidance, no 401k match

    Advice to Management

    update all technology, add a 401k match,


  5. "Position Summary"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Tampa, FL
    Former Employee - Client Service Associate in Tampa, FL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    I enjoy the work and client service part of my position.

    Cons

    Management is weak and allows a lot of negativity to permeate through the office staff without correcting the situation, Oppenheimer employees have not received an annual raise in more than three years, Oppenheimer is very lax in providing a clear cut manual for the office staff to use, when contacting a dept. for answers to a question you will receive 3 to 4 different answers to the same question depending on who you speak with, this makes it extremely difficult to navigate the position in fear of making errors.

    Advice to Management

    Stop bending to mediocre employees and do your job.


  6. "Investment Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    I worked at Oppenheimer Holdings full-time

    Pros

    Decent benefits and good locations

    Cons

    Extremely poor leagcy IT system with agonizing download speeds in branches;
    Mis-matched date entry systems that don't communicate with each other--amount of duplicative manual work required is mind-boggling;
    Lack of strategic long-term vision;
    Leadership succession questionable--family controlled and micro-managed;
    Proprietary investment products are overpriced and most advisors are behind the times

    Advice to Management

    Bring in professionals


  7. "get you act together"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Oppenheimer Holdings full-time

    Pros

    very good work life balance, laid-back culture, nice (but boring) people

    Cons

    poor technology, not very meritocratic, poor pay, not many opportunities for advancement, very little time off, poor benefits

    Advice to Management

    stop being so selfish

  8. "Underpaid"

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

    I have been working at Oppenheimer Holdings full-time (Less than a year)

    Pros

    Management does not micromanage, decent work/life balance

    Cons

    I have not had any sort of raise in 5+ years despite stellar performance reviews


  9. "Registered Client Service Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Sales Assistant
    Current Employee - Registered Sales Assistant
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    I work with great people. Great boss abs great co-workers.

    Cons

    I work at a small branch and production is slowing down.


  10. "Brokers assistant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Broker in Boston, MA
    Former Employee - Associate Broker in Boston, MA
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Professional work environment for the most part

    Cons

    Training was lacking and you really only could learn from the broker you worked with.


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