Stifel Financial Reviews | Glassdoor

Stifel Financial Reviews

Updated February 10, 2017
104 reviews

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Current Employees

3.7
Star Star Star Star Star
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Ronald J. Kruszewski
40 Ratings

104 Employee Reviews

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Pros
  • Stifel offers annual bonuses and great work/life balance (in 17 reviews)

  • Great people to work with in the office, very friendly and felt like a part of the company within weeks (in 11 reviews)

Cons
  • Pay is not competitive for home office employees (in 5 reviews)

  • name recognition can be a problem at times (in 5 reviews)

More Pros and Cons

  1. "Benefits"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President/Investments in Florham Park, NJ
    Current Employee - Vice President/Investments in Florham Park, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Stifel Financial full-time (More than 10 years)

    Pros

    Good company,good research, good pay scale

    Cons

    Not many locations, so traveling a distance

    Advice to Management

    Keep up the good work


  2. "Great"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Practical, learned a lot a lot a lot

    Cons

    Boring, no communication. They didn't do anyt

    Advice to Management

    Give more education to interns


  3. Helpful (2)

    "Demoralizing, Disorganized and No appreciation for good employees"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    ....never a shortage of work? Some of the technology isn't horrible compared to other places and the phones are nice.

    Cons

    I won't be able to name them all but I'll do my best.

    The health insurance is a complete joke - it's almost not even worth having. The amount you pay out of pocket for every plan is astounding. This is clearly illustrative of the larger message which is that they generally don't care about their employees.

    Basically no 401(k) match - not remotely competitive at all with any other financial institution.

    The utter disfunction that comes from the top first and foremost - and then is carried on down to the rest of the firm by the small group of "advisors" who upper management surrounds themselves with. With the exception of a few, this small aforementioned group is just a bunch of brown nosers with no appreciation for practicality, rules, risk, reality, people skills - and limited experience. The only concern is money.

    There is no appreciation for anyone who is smart, driven, thoughtful and knows their stuff, nor for truly good, hard work. It's hard to ever feel good after a day of working here because no one gives a rats ---that you worked hard or fixing a ton of things or making things better or potentially saved or earned them millions of dollars. They're "untouchable" Stifel and unless you get in line and start kissing up and having no opinion, then you have no place at the firm. They acquire all these firms but it's ONLY for assets - not for any fresh new take on something, and certainly not for any other outside opinions or new approaches to things. If you have a brain, great experience and work hard, run as fast as you can in the other direction because they won't appreciate you here - but they won't outright not appreciate you either - it will all be so amazingly passive aggressive that you won't even know what hit you when you realize it. It's far and away been the most deflating experience I've had in my many years in finance.

    It's a firm based on exceptions, barely held together by layers of old rotting cr@p. I'm in disbelief every day that it still exists.

    Advice to Management

    This would be a waste of time.


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  5. "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook

    I have been working at Stifel Financial full-time

    Pros

    You are basicly your own boss and you decide how much you make. The sky is the limit. Stifel has a great reputation in the industry.

    Cons

    Stifel has low name recognition in NC. Difficult to start out... most FAs don't make it. I have heard that 80% fail.

    Advice to Management

    Advertise so that people know the firm. Do everything else the same. Keep growing and offering great products to clients.


  6. "VP - IB"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Strong M&A and equity capital markets capabilities

    Cons

    Limited debt capital markets capabilities

    Advice to Management

    No material advice to offer


  7. "Good place to run your practice your way"

    Star Star Star Star Star
    Current Employee - Vice President/Investments in New York, NY
    Current Employee - Vice President/Investments in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Stifel Financial full-time (More than 10 years)

    Pros

    You are Free to run your business as you wish without pressure on product or practice style, and You also have a deep research base to draw on.

    Cons

    Communication between departments can be less than ideal as multiple mergers over the years have created numerous components . Compliance is constantly becoming more of a chore... not that it is different anywhere else.

    Advice to Management

    Technology is aging and needs to move to the next level


  8. "Financial Advisor"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Allentown, PA
    Current Employee - Financial Advisor in Allentown, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Stifel Financial full-time (More than 8 years)

    Pros

    Stifel is a good business partner to an FA. They allow you to do your own type of business. Administration is available and/or returns calls quickly.

    Cons

    Brand name not as well-know in the Northeast. Many restrictions on social media.

    Advice to Management

    Consider more opportunities in social media. That marketing and advertising could also help expose the brand of Stifel to more geographic locations.


  9. "Senior Vice President"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    entrepreneurial environment leads to opportunities for advancement

    Cons

    name recognition can be a problem at times


  10. Helpful (1)

    "It's OK"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Engineer in Saint Louis, MO
    Current Employee - IT Engineer in Saint Louis, MO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Great people, easy to get along with on a personal level with just about everyone in the department.

    Cons

    You have to be a "favorite" to move up in the structure. If you do get promoted, you have to get the approval of both the new supervisor and your current one, which I've felt leads to some of the better people being held back. Often promotions do not come with a title change or raise, which leads to people leaving as soon as they have a year or two in the position to get the experience and then leave for much better paying positions at other firms.

    Advice to Management

    Take care of your people - they are your bread and butter and without them you'll soon be left with the short end of the stick. Pay people what they're worth so that you keep talent in the house.


  11. "Solid position, could be better"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Stifel Financial full-time

    Pros

    Great experience and some really great analysts. Right fit can somewhat offset below street comp

    Cons

    Below street comp, below street benefits, sometimes frustrating corporate driven initiatives that don't apply across all franchises

    Advice to Management

    Raise comp for associates to prevent them leaving after year or two to competitors. Don't force initiatives that may or may not apply to distinct franchises



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