Oppenheimer Holdings Reviews | Glassdoor

Oppenheimer Holdings Reviews

Updated April 25, 2017
153 reviews

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3.1
Star Star Star Star Star
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Oppenheimer Holdings Chairman and CEO Albert G. Lowenthal
Albert G. Lowenthal
60 Ratings

153 Employee Reviews

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

  • As a financial fir, they have not matching 401k and trades within your own account are very expensive (in 6 reviews)

More Pros and Cons

  1. Helpful (1)

    "Great experience, great people."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Executive Director in New York, NY
    Former Employee - Executive Director in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Entrepreneurial environment within a corporate structure, decent work/life balance opportunities depending on department you are in, decent middle management. You eat what you catch.

    Cons

    Oppenheimer frankly doesn't have enough women in leadership roles, has limited benefits, and frankly still has a boys club environment despite corporate mantra.


  2. "Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate Director in New York, NY
    Former Employee - Associate Director in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Work life benefits, good work, smart people, overall good culture - but depends on your team and group within the company.

    Cons

    Upward movement, very hard to get promoted from within. Additionally the compensation is slightly below market. But work life balance is good.

    Advice to Management

    Promote more


  3. "Financial Associate"

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

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

    Pros

    Good work life balance. Good career-starting name-brand,

    Cons

    Upwards mobility is a joke.


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  5. Helpful (1)

    ""OpCo""

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

    I worked at Oppenheimer Holdings full-time (More than 8 years)

    Pros

    Some smart and hard working colleagues.

    Cons

    Poor management; poor oversight; dated policies and infrastructure. Questionable ethics.


  6. "Analyst, OAM"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Analyst in New York, NY
    Former Employee - Financial Analyst in New York, NY
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Good place to start a career to gain experience. Interesting work and your colleagues are mostly friendly people.

    Cons

    No upward mobility, I know individuals who left because they worked hard to improve their resume and were not given a chance to move up ranks (master's, CFA, etc.). Internal job mobility (moving between careers paths) is non-existent. Pay is below industry standards across the board in all job functions. I heard it from front office and some back/middle office employees.

    Advice to Management

    Learn how to discover and foster talent in the younger ranks.


  7. "Senior Director"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Potential acquisition target
    (Some) Prestigious office & branch locations

    Cons

    Outdated Technology Platform
    Unable to provide appropriate training to back office personnel in order to keep up with regulatory demand
    Old fashion brokerage mentality
    Sales oriented (non-client centered)

    Advice to Management

    1- Invest on training in all supporting and administrative decks
    2- Urgently upgrade the still existing DOS operating platform and Order Entry
    3- Build some value
    4- Sell the company


  8. "Sales Assistant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Senior Sales Assistant in Mahopac, NY
    Former Employee - Senior Sales Assistant in Mahopac, NY
    Recommends
    Neutral Outlook

    I worked at Oppenheimer Holdings (More than a year)

    Pros

    Nice people, team effort always. Fridays free lunch.

    Cons

    Lean organization, achaic systems and multiple product platforms.


  9. Helpful (1)

    "Thumbs Down"

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

    Pros

    Good work/life balance and HQ is in a great location.

    Cons

    No inflation raises, poor bonuses, horrible vacation time package. Firm is very CHEAP.

    Advice to Management

    Pay people more.


  10. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Washington, DC
    Current Employee - Director in Washington, DC
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Minimal bureaucracy, highly professional staff, great traders and analytics. Excellent operations.

    Cons

    Only "Con" is smaller sized firm, IF that's even a Con...

    Advice to Management

    Keep hiring top talent


  11. Helpful (2)

    "Very disappointed... employees deserved better!"

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

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

    Pros

    Very clean office atmosphere, self-directed work environment and dedicated hourly staff. Spacious office/cubical surroundings. Great location close to restaurants, attractions and shopping centers.

    Cons

    Extremely poor wages with extensive wage-freeze, unrealistic expectations with workloads tripled year-by-year, benefits reduced, unfair distribution of work and disgruntled employees with poor management. Very disappointed in the way we were treated. Management whom I had worked with for decades only recognized their employees as "numbers" and not people. There were no recognition programs, review processes or morale functions to speak of. Every year workloads increased, and staffing dramatically reduced forcing responsibilities to become very unmanageable during transitions. Over-time or bonuses were not permitted, however you were expected to complete daily tasks with little or no assistance or guidance. Break times were reduced or interrupted for urgent processing demands. These people were run ragged from the time they clocked in until they minute they had to leave. The stress in the environment was so thick, your hair would stand on end!

    Advice to Management

    Get new management, properly staff Operations and increase wages appropriately for the workload processed. This is still the same staffing size you had as First of Michigan. The company has quadrupled in size without any increase in support staff. The workload demands are very unrealistic for efficiency or morale. We were a very hard working group of professionals who deserved better. It's an unfortunate loss on your part... but, a substantial gain for the next employer.


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