Tullett Prebon Reviews | Glassdoor

Tullett Prebon Reviews

Updated February 1, 2017
54 reviews

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Full-time Part-time

3.0
Star Star Star Star Star
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Tullett Prebon CEO John Phizackerley
John Phizackerley
8 Ratings

54 Employee Reviews

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Pros
  • global company, access to lots of resources, friendly and helpful HR, great location, good people to work with socially for the most part (in 3 reviews)

Cons
  • There is a lack of career opportunities and growth (in 3 reviews)

  • Senior management totally removed (in 3 reviews)

More Pros and Cons

  1. "Great Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Tullett Prebon full-time (More than 10 years)

    Pros

    Desk Managers were an invaluable asset to the Company. Open, communicative, engaged.

    Cons

    Upper Management less engaged with individual desks.


  2. "Strong Brand"

    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
    Approves of CEO

    I have been working at Tullett Prebon full-time

    Pros

    Tullett's global reach offers opportunity to relocate. Tullett's compliance and legal team have the experience to navigate through the latest complex regulations. Young people entering the workforce will be exposed to Tullett's vast experience in the interdealer broker market.

    Cons

    A large corporate culture may overwhelm those who prefer a more boutique feel. An impending merger with ICAP may cause a wave of consolidation.

    Advice to Management

    The brokers are the revenue engine for Tullett. Management needs to be aware of their stresses as the markets change and the merger becomes a reality. The ability to open remote locations can open the door to more great hires as technology allows for teams to work together in different locations.


  3. "broker"

    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

    I worked at Tullett Prebon full-time (More than 3 years)

    Pros

    tullett was a great place to work. i enjoyed my time there. they are very competetive in their respective financial space.

    Cons

    I dont have many negative words to say about Tullett. I went through an acquisition with Chapdelaine. Management could have been a bit more clear regarding direction.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "energy broker"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Energy Broker in Jersey City, NJ
    Current Employee - Energy Broker in Jersey City, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Tullett Prebon (More than 5 years)

    Pros

    global company, access to lots of resources, friendly and helpful HR, great location, good people to work with socially for the most part

    Cons

    need to examine and change their P/L structure to facilitate team players over individual performance

    Advice to Management

    hire outside consultants to better facilitate communications amongst the brokers


  6. "Avoid"

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

    I worked at Tullett Prebon full-time (More than a year)

    Pros

    I'm trying to find one but simply can't. Maybe it gets slow in down markets and you can hang out and surf the web but you can't really leave your desk in fear a deal comes through.

    At it's core the work is so easy a child could do it, which might explain why the people who work here act like children. Like all other finance jobs brokers put a spin on it to make it look and sound more difficult than it is so that no one can take their job.

    Cons

    The People -- Racist, entitled, self obsessed, difficult cry babies. You can quite literally do or say whatever you want so long as you make money. It's a culture of distrust where your superiors withhold vital information in fear that you are more capable at doing their job than they are. That insecurity stems from the fact that the wrong people were hired in the first place and have to do whatever it takes to keep their job.

    There is no career progression because you are competing against the people training you for accounts, so you have to know people before or suck up to the right people

    Advice to Management

    Honestly, what is there to say. Your business is rotten from its core, perpetuates greed, and hires the wrong people. If you promise an employee a certain amount of money for a bonus, you should fulfill that promise or at least give them a straight answer when asked why.


  7. "Not bad but also not great. Could use a tune up"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Broker/Analyst in Jersey City, NJ
    Current Employee - Broker/Analyst in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    I agree with the posters below that this is a fabulous place to make money. Camaraderie is good and you will learn a lot. They promote an open door policy and upper management is accessible.

    Cons

    Inconsistent and sometimes disengaged leadership. Certain departments are not in the best shape. HR can be pleasant but not a big help. The Legal Department in New Jersey City always seems to be jettisoning its best people or they leave on their own accord. The individual at its helm is not really viewed as particularly trusted or capable. IT is very helpful any time I have a computer issue at my desk.


  8. "Best Brokerage firm in the world"

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

    Pros

    They help you in the bad moments

    Cons

    The market situation is not the best at the moment


  9. Helpful (5)

    "Purely for the Money-Driven"

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

    Pros

    Potential to earn a lot through commissions
    Extensive network in almost every market
    Flexibility in job scope if you deliver your numbers and if you know how to manage the top

    Cons

    The most antiquated (un)professional work culture where people are rude to each other, discriminating and racist. There is no real control over "company culture" because all the company really cares about is that you show up and make your money. People expect you to show up unless you are literally dead, people scream at you (as with any high pressure broker job), your clients also scream at you, you can never really trust anyone because everyone is out there to make money for themselves. If you can't help them do that, then you're useless and they have no qualms about making that known. They don't care what you do, and to some unspoken, unwritten extent they expect you to do what's "necessary" to get business flowing in. Necessary - wine, dine, drink with your clients everyday, sell yourself out, worship the ground they walk on, eat their egos for breakfast if it entertains them. There is no sense of encouraging leadership because even your bosses are doing the same thing you do, so they're basically competing with you too. There is no career growth, you just start handling better accounts if you do well or are there long enough.

    Advice to Management

    I wouldn't know where to start. It's one of those deeply rotten and complicated systems very similar to the way banks are. Where money is the sole objective, people turn into really unsavory creatures. Perhaps employee evaluation should be done on a more professional and comprehensive level. Not just dependent on the amount of money they bring in, but also on their behavior at the workplace. Try to establish a better work culture where people are more supportive of each other and more respectful of personal lives. They do not owe you as much as you think and make them believe they do. Encourage good values at the work place. I know any head reading this will probably laugh it off, which makes it completely pointless, but it really has to be said. Brokers are miserable, disturbed people. Not just at Tullett Prebon!


  10. Helpful (1)

    "Avoid"

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

    Pros

    Stable company as long as the market is doing well.

    Cons

    Disorganized, poor operations and lack of management. I would avoid seeking employment with this company.

    Advice to Management

    Company needs overhaul of operations and management.


  11. "Generous vacation"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ

    I worked at Tullett Prebon full-time

    Pros

    The work life balance is very reasonable (not a lot of overtime), and the benefit of working for a European headquartered company is that the vacation policy is very generous. Most people I worked with were very nice and helpful in solving any business issues.

    Cons

    The business has been struggling so there is a very strong emphasis on cost management and reduction. Salaries in many cases remain frozen even for high-performing employees.

    Advice to Management

    Since it is difficult to reward employees financially during a cost cutting mode, try to find other ways to keep people motivated so that employee morale doesn't suffer.



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