Rodman & Renshaw Reviews | Glassdoor

Rodman & Renshaw Reviews

9 reviews

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2.7
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Edward Rubin
7 Ratings

Employee Reviews

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  1. "Investment Banking Analyst Intern"

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

    I have been working at Rodman & Renshaw as an intern

    Pros

    - Given opportunities to sit in during M&A meetings with clients
    - Create brochures for clients to send to potential investment companies
    - Taught how to research a company and analyze their finance (e.g. balance sheet)
    - One-on-one daily review of activities and progression with analyst
    - Analysts are prepared to stay behind and answer questions/help with things that wouldn't normally be answered during the word day.

    Cons

    - Days may be monotonous but you will get something interesting thrown on your lap once or more a day.

    Advice to Management

    - Give interns more responsibility


  2. "Mixed experience"

    StarStarStarStarStar
    • 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
    No opinion of CEO

    I worked at Rodman & Renshaw full-time (More than a year)

    Pros

    I loved my team. Generally friendly atmosphere, even if the rest of the teams didn't integrate well in practice. Well meaning, even if badly executed.

    Cons

    Most teams were not doing smart deals that needed genuine fundamental analysis into companies, so there was little competitive edge. Some nepotism - with unpleasant characters - negatively impacted work culture. I was not surprised by the company's demise.

    Advice to Management

    Find a competitive advantage in smarter deals and avoid nepotism.

  3. "Bad Company"

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

    I worked at Rodman & Renshaw full-time

    Pros

    There were few pros which I would list about this company. The best perhaps part was at least getting some training and better understanding of the markets.

    Cons

    There are too many to list.


  4. "Trading"

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

    Pros

    Quality of life balance., Decent hours,

    Cons

    Bad Management. Did not have same ideas as staff.


  5. "OK middle market bank with strong ECM and Healthcare Platform"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Banking Analyst in New York, NY
    Former Employee - Investment Banking Analyst in New York, NY
    Recommends
    Negative Outlook
    Approves of CEO

    I worked at Rodman & Renshaw full-time (More than 3 years)

    Pros

    Heavy deal experience if you're on the healthcare or ECM team.

    Cons

    Not as much deal experience if you're not on the healthcare or ECM team.


  6. "Great potential to grow professionally, although managers need to change their approach with employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in New York, NY
    Current Employee - Anonymous Employee in New York, NY
    Approves of CEO

    Pros

    Immediate exposure to large accounts, and the decision making process.
    Performance is recognized, and expected
    High volume of deals that cover numerous sectors
    Ambitious company making appropriate acquisitions to gain a stronger foothold in middle market investment banking

    Cons

    The compensation is geared towards performance, and the base is low
    Deal performance has been poor, although much of that is tied to the down turn in china
    Zero training, figure it out on your own and good luck.

    Advice to Management

    A formal training period would help new hires get up to speed, which would make everyone's job much easier. Long term approach to business would remedy many of the issues in the area of deal flow. Also a more complete platform of products would make it easier to compete for business


  7. "One of the worst banks on the street"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in New York, NY
    Current Employee - Analyst in New York, NY
    Doesn't Recommend
    Approves of CEO

    Pros

    A good to place to break into real banking

    Cons

    Low Pay
    No Strategy
    Incompetent Management
    Zero bonuses

    Advice to Management

    Run it like a real company

  8. Helpful (3)

    "Rodman & Renshaw: A wannabe investment bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Associate in New York, NY
    Former Employee - Associate in New York, NY
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The hours at Rodman and Renshaw are better than most investment banks at this level. Its pretty easy to have a solid work life balance when working at Rodman. I would get in around 9-9:30 every morning and be out by 7-8pm most evenings. The senior staff, although clueless, are for the most part good guys. There is not much of a "jerk factor" at the firm. The junior staff is also very nice. Good young guys who are fun to have a beer with but not exactly the sharpest tools in the shed. Overall, its a good place to hide for a while before landing the right IB job.

    Cons

    There is no brand name whatsoever. The clients Rodman works with are basically the bottom of the barrel companies with poor management and even poorer performance. There is also no structure at the firm. Its historically been a PIPE shop with a focus on biotech and most recently they have been scrambling to A) expand to other industries/product groups and B) merge with a bigger competitor in order to establish some sort of legitimacy (see the failed Cowen proposal). There is poor leadership at the top, with the CEO hat being passed around like a hot potato. The base pay is street but the bonus pay is a joke, its not even within the realm of street. Overall, Id say avoid at all costs unless you have no other options.

    Advice to Management

    Get your act together. Develop an HR team and some cohesion among the groups. Rodman is like 5 boutiques within a boutique. There is no structure or system to the madness. No training, no resources for junior staff.


  9. "Heel leuk en aangenaam enkel qua loon iets minder"

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

    I worked at Rodman & Renshaw as a contractor

    Pros

    leuke werksfeer
    lieve en vriendelijke bazen
    bedrijf heeft een missie en visie iedereen werkt hier ook naar toe

    Cons

    slecht loon
    minder loyaal tov werknemers

    Advice to Management

    m