Stifel Financial Reviews | Glassdoor

Stifel Financial Reviews

19 reviews

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Ronald J. Kruszewski
8 Ratings

19 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
  • Benefits are weak, 401k match is a joke (in 6 reviews)

  • The work is not super challenging in the home-office (in 5 reviews)

More Pros and Cons

  1. Helpful (3)

    "Analyst"

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

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

    Pros

    Hard to think of one. Entire experience was negative. Would never work there again. Disposable at all times with no appreciation.

    Cons

    Always have a backup plan. This company will dispose of you regardless of tenure or performance. The benefits are subpar..


  2. Helpful (3)

    "Demoralizing, Disorganized and No appreciation for good employees"

    StarStarStarStarStar
    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.

  3. Helpful (3)

    "Extremely unprofessional, childish behaviors with management team."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Manager in Jersey City, NJ
    Former Employee - Operations Manager in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Stifel Financial full-time (More than 8 years)

    Pros

    Back office help was great!
    Benefits were good .
    Bonus around the holidays was helpful

    Cons

    Training at branch levels needs to be implemented.
    Social hour for some management, as one manager did everything.
    HR is awful.

    Advice to Management

    Keep your opinions to yourself even when you see employees being bullied and harrassed, it could cost you your job even if you feel its the right thing to do .


  4. Helpful (2)

    "Administrative Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Administrative Analyst in Birmingham, AL
    Current Employee - Administrative Analyst in Birmingham, AL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Large company with large infrastructure

    Cons

    Too big for their own good, cannot handle all the aquisitions properly


  5. Helpful (5)

    "A complete waste of your time, life, and talent as a human being."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Technician in Saint Louis, MO
    Former Employee - Senior Technician in Saint Louis, MO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    Stifel offers an introduction to how a basic financial firm works, presents thousand of examples of what poor management looks like, and offers hundreds of examples of how archaic methods create a dystopian environment in an office setting.

    Stifel also pays slightly more than working in retail.

    Cons

    Stifel is a company embedded in old methodology, with many of their home office managers grossly under qualified for their current positions. Many do not even possess an associates degree and lack any and all professionalism and talent to conduct their jobs in an effective manner. The senior management at the home office in content to follow a work-flow order from the 1980s rather than take appropriate steps to modernize.

    The home office is normally a place of entry level employment at a company, but not at Stifel. You are required to be more educated than the director and assistant director of operations to get an interview, but you will not be promoted out of the basic office despite your education and Series 66/7 license. They view all employees as fungible, and remain grossly under qualified and intellectually unable to foster and grow any internal talent. This will likely reach a critical mass point when other firms hire away the good talent. Stifel requires internal promotions to be approved by the losing body, and the assistant director of operations routinely denies internal promotions outside of the back office despite the employee taking the position for a substantial raise.

    No formal training has been developed, and he internal manuals in departments conflict with each other. Stifel frequently has unlicensed employees handle business and trade they should not be covering, instead turning the other way to get things done.

    This is not a company to work for on any level. Once the breaking points in personnel hit, they will lose all support and be left with no way to snipe employees from other firms as Stifel pays far below industry standards.


  6. Helpful (4)

    "A nightmare place of inaction and matrix management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Saint Louis, MO
    Former Employee - Director in Saint Louis, MO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Potential to bring experience from working from the BIG BOY Investment banks was compelling - the thought of moving to a low cost area was compelling but the inability to execute on anything but mediocrity became the reality.

    Cons

    Programs are impossible to achieve except acquiring other banks brut force
    Hero worship is the way the place works, so doors will be closed on you for being an agent of change
    The place is built on High School relationships, not college!
    Beware if you not from the St Louis area
    This applies to the ERM, IT areas only

    Advice to Management

    Get a structure , having one head who acts as CTO, CIO, CDO, CISO.... does not work


  7. Helpful (1)

    "eh"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Stifel Financial full-time

    Pros

    Understaffed in the non-HQ office so I was able to have a lot of responsibility.

    Cons

    I was not in the HQ office and it was very hard. We did not get as much resources as the main office and never got to meet them.

    Advice to Management

    I would focus on the employees more so that the retention rate improves.

  8. Helpful (6)

    "Assistant Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Manager, Assistant Vice President in Saint Louis, MO
    Former Employee - Operations Manager, Assistant Vice President in Saint Louis, MO
    Doesn't Recommend
    Approves of CEO

    I worked at Stifel Financial (More than 8 years)

    Pros

    Sales side is working great and m a king money for the company.

    Cons

    Operations side is wasting the same money on housewives - made operations directors - who have no training and no knowledge of leadership nor management not EEOC rules. That's where the risk is.

    Advice to Management

    Teach the operations directors to lead and manage. Maintain a zero tolerance for hostility and teach them what the EEOC is.


  9. Helpful (6)

    "Dysfunctional St. Louis IT"

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

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

    Pros

    Location, that's about it. There's also a lot of places to eat lunch close to the home office if that does it for you.

    Cons

    Where to begin? False promises, pigeon holed jobs, no collaboration between "teams". The people who have been there are so protective of their jobs they refuse to help and actually get angry when you teach yourself. It is by far the most unhealthy environment I've ever been in, professionally or personally.

    Advice to Management

    None, this place functions as it was designed to. Nothing will change, but there's a twenty word minimum and I've got to write something.


  10. "Administrative or Executive Assistants -- WATCH OUT. There is no room for you here."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Administrative Assistant III in San Francisco, CA
    Former Contractor - Administrative Assistant III in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook

    I worked at Stifel Financial as a contractor (Less than a year)

    Pros

    Stress from a heavy workload is nonexistent, because you won't be "allowed" to complete any projects of any kind other than shredding documents, cleaning dirty desks, and arranging office supplies.

    Cons

    Where do I start? The people are territorial, they gossip openly and loudly, are underhanded and dishonest, and automatically assume you are there to take their job, therefore they will not train you, or clearly answer questions, or give you any projects other than cleaning things up. You will be micromanaged to the point where you are told that the way you speak is "not professional". If you do manage to successfully complete a project, the admin staff will un-do it and re-do it in their own name, You will be told to never speak to the bankers, as their time is more valuable than yours and you shouldn't waste their time, all the while the existing admin socialize endlessly and openly with them. This is hands-down the most unpleasant, most unethical place (with regard to how they treat people) that I have ever worked, and I'm very experienced.

    Advice to Management

    None. My guess is that the admin staffs' attitude must trickle-down from above. They all deserve each other.


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