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Edelweiss Financial Services

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Edelweiss Financial Services Reviews

3.6

60% would recommend to a friend

(1,034 total reviews)

Rashesh Chandrakant Shah

80% approve of CEO

75% positive business outlook

Edelweiss Financial Services has an employee rating of 3.6 out of 5 stars, based on 1,034 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Edelweiss Financial Services employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

1K reviews
1.0
13 June 2018

Sinking ship as far as Markets Division is concerned

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Best reasons to work are now a matter of past

Cons

The new management is extremely ordinary, lacks leadership qualities. Good people started leaving right after the departure of previous floor head. People who come to office for cheap politics, undisciplined chaps and non-profit generating teams are finding current atmosphere as heaven. They have been treated tightly in the past but now they are all now spreading their dirt across because there is no one to check them. Present management is too insecure about themselves. There is not even a single senior guy on floor with whom you can talk some logical stuff. Even if there is one then you will find him too angry from the firm for obvious reasons. The people who actually generate profits are not paid fairly. The people who recently lost money crazily walked away with better bonuses just because they had good relationship with team head and his head (both of them I will say hopeless). Very strict advice to Juniors - fresh grads and 1-3 years work exp. category - Do not buy their bonus story which they try to sell while making you to compromise on fixed salary hike. They want a horse at a price of donkey so that donkeys there can keep earning well and yes, they have been lucky so far. When you join them from college, that is how it goes: - You remain tensed in first year that you are at the bottom among your batch mates as far as fixed salary is concerned - They keep showing you dream of better pay-off which they keep delaying year-on-year - While having a dream in your mind for a big bonus, you will keep spending hours and hours in office - Other old chaps will keep copying your stuff - Finally, you will not get credit for whatever you do as same has already been copied and secretly presented - Then on payment day, they will give some random story and one more dream for next year - You come back home and you criticize why on earth have I not taken this Glassdoor review seriously - Even by the time you realize your past mistake to join and spend time in this firm, it has been too late - The atmosphere has already made you unemployable. Rest of the smart firms know the truth of this firm. They will never hire you. Even headhunters make fun of the interviews being conducted in Kalina office. - Their offer letters are the biggest jokes. You tell them expected number as 11 lakhs, number offered is 4.5 lakhs after wasting so much time in long long interviews. - Another review that I overheard while sitting on my desk is that - One reason why this firm conducts so many interviews is that they try to extract market information / trading strategies from experienced people - Extremely unprofessional people riding the wave that previous heads set-up

1.0
13 May 2018

Dirty low level politics

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are still few really good people to work with who have made their names in Indian market.

Cons

Lot of people who have now grown up to team head levels were hired 10-12 years back when nobody really knew the name of Edelweiss. Their colleagues moved on and they remained here as no one else in the market hired them. They are all very ordinary but expect recent grads to do some award winning research for them so that these ordinary team heads can go upstairs to present it to Senior Management and justify their existence. Loyalty (massaging) has more points than hard work now-a-days. HR is extremely unprofessional and irritating - One friend of mine was interviewed by these ordinary team heads. His salary was higher than any of them. HR offered him to join with 50% cut in fixed while telling the usual false high bonus story that they tell everyone. He declined and his salary figures are now out in public - he is now facing lot of difficulties due to all this. Everything was going fine in his life until the day he appeared there for an interview. If you take a day off, team manager gets angry. Annual leaves are few as well. They can call you to work on saturdays (without anything in return), they can call you to cancel your vacations in between to prove your passion for the job even for a small thing that team manager can not handle in your absence. To get the work done, you have to interact with extremely low IQ, low-level old employees who are way too adamant to make you fail in your work. These old employees by default have grudge with new ones as they are extremely sensitive to their job security. They know this fact that no one else will hire them. Daily chit chat in the bay is way too low quality conversation and on all kind of poor jokes that team head cracks - you have to laugh at it. If you didnt - be ready for a cut in bonus. All the money that your team head owes to you is included in Bonus number. He keeps extracting money from you in one form or the other throughout the year. Even team head sometimes pressurizes recent grads to take bet against him and then asks them to transfer money in his paytm in the next minute. Uncles at Edelweiss throughout the year are non-drinkers untill the Titans night - all of them attack on drinks like wild animals attack on flesh.

1.0
18 Apr 2017
Recommend
CEO approval
Business outlook

Pros

Company and top management is very good.

Cons

Problem is mid level management , if you are working hard and gud performance , but you are not doing the buttering, then any time you can kicked of without any reason. -- Your unable to put your point in Senior management , Mid level manager will not allowed to put your voice above of this. i worked 5+ years , when i come back to office after planed leave , they ask me to go. i never expect , but thanks god i was the best performer so that find the new job with in 15 days , better than edelweiss group. i was lucky so that i get , but this was the horrible for me, because they not allowed to put my side in top management , there is no vigilance team in this organization. if your manager raise any point to u , u can't discussed the same.

Viewing 1 - 3 of 1,034 Reviews

Glassdoor has 1,235 Edelweiss Financial Services reviews submitted anonymously by Edelweiss Financial Services employees. Read employee reviews and ratings on Glassdoor to decide if Edelweiss Financial Services is right for you.