Stifel Financial Reviews | Glassdoor

Stifel Financial Reviews

Updated June 25, 2017
197 reviews

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197 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. "Client Service Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Service Associate in Sheridan, WY
    Former Employee - Client Service Associate in Sheridan, WY
    Recommends
    Positive Outlook

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

    Pros

    Great company that cares about its employees, competitive benefits package.

    Cons

    lower end of the pay scale if you're unregistered.

    Advice to Management

    Keep up the commitment to your staff. I truly felt supported and a valuable member of the team.


  2. "Awesome"

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

    I have been working at Stifel Financial (Less than a year)

    Pros

    Upfront setting
    Eye opening experience
    Entry level internship is a plus

    Cons

    Wealth management is a old man game

    Advice to Management

    It's there

  3. Helpful (2)

    "Administrative Analyst"

    Star Star Star Star Star
    • 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


  4. Helpful (1)

    "Performance Reporting Analyst"

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

    Pros

    Exposure to Advisory Products and reporting system

    Cons

    Long term growth may be capped in this department.


  5. Helpful (5)

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

    Star Star Star Star Star
    • 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)

    "Not a great place"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Client Service Associate in Topeka, KS
    Current Employee - Client Service Associate in Topeka, KS
    Doesn't Recommend

    Pros

    Because of managements childish behavior and snarky comments I have learned what to look for in future job opportunities.. Silver lining?

    Cons

    Management within the branch is awful. They berate you, flip flop their stories, tell everyone but you if you "did something wrong" and have terrible attitudes. Also, the home office has no regard for the client.


  7. Helpful (3)

    "Vice President"

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

    I worked at Stifel Financial (More than 10 years)

    Pros

    Great place to learn the industry and become a Senior Analyst very quickly.

    Cons

    Low paying compared to other investment banks. The corporate culture has been eroded away due to acquisitions. Management is losing their way.

  8. Helpful (1)

    "Investment Services"

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

    I have been working at Stifel Financial (More than a year)

    Pros

    I've been working at Stifel for about a year now. I can honestly say I really enjoy it here. Usually with a new job, the honeymoon phase wears off but it still hasn't happened to me yet. Stifel offers annual bonuses and great work/life balance. We have free soda machines on several floors and free coffee. They will pay for any security licenses to be obtained. This, to me, shows they care about your personal career development. Everyone is very nice and pleasant to work with. They also have different catered events in the building which helps boost morale and brings employees closer.

    Cons

    Only con I can think of is the fees employees pay when trading. I've also heard salaries could be a little more competitive (although I have no complaints about mine).

    Advice to Management

    Keep doing what you're doing. Take care of your employees and they will take care of you.


  9. Helpful (6)

    "Lead Business Analyst"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - IT - Information Systems, Business Analyst Lead in Saint Louis, MO
    Former Employee - IT - Information Systems, Business Analyst Lead in Saint Louis, MO
    Recommends
    Positive Outlook
    Disapproves of CEO

    I worked at Stifel Financial (More than a year)

    Pros

    Talented IT staff and fairly decent work/life balance

    Cons

    - executive office is extremely resistant to change and clearly want to work with people who "play the game" rather than do the job; overall lack of vision for the future, adherent to "old model" values and culture

    - Forced to trade and invest with stifel once employed (which they don't tell you until you've already signed on). Their trade operations are cantankerous and antiquated, not to mention the steep execution fees for virtually no value added

    - the CEO is notoriously cheap, unpersonable and profits off employees whenever possible (parking fees, trade accounts, etc); benefits are quite a joke, just like the trade operations

    Advice to Management

    Get a few IT minds on the board instead of business relics who still have little to no idea how data flows and software is developed.


  10. Helpful (1)

    "Registered Client Service Associate"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Client Service Associate in Bellevue, WA
    Former Employee - Registered Client Service Associate in Bellevue, WA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great company! Management trusted our branch to operate our business independently. Received a holiday bonus each year which was essentially an extra paycheck.

    Cons

    Technology was a little lagging compared to other firms. 401k match was not great. Not a lot of brand name recognition.

    Advice to Management

    Keep doing what you're doing! This is a great company. Invest more in technology to enhance the client experience.


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