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Convergex Group

Acquired by Cowen

Is this your company?

Good if you don't want recognition for your efforts and only plan on staying for a year - Anonymous employee Convergex Group Employee Review

3.0
19 July 2011
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Pay and overall benefits were good personally and most of colleagues were a good bunch of people with best intentions.

Cons

Overall view is left over from BNY days: get more done with less people, less pay and who cares about the quality. People come into the firm excited to work, and are trying to leave within 6 mos. If you want to stay longer, you are strongly encouraged to do less so that you are not noticed.

Explore other reviews about Convergex Group

5.0
14 Mar 2019
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Knowledgeable people and friendly work environment

Cons

lack of benefits for employees

3.0
9 Feb 2010
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Very good tech support staff willing to share information and support business lines - Decent trading infrastructure despite occasional reliability issues - Excellent post trade processing - Movement within the firm is possible only if politically connected - Fairly focused business model (can be a pro and a con)

Cons

- Highly political, play football with Velli and you're safe. - Current obsession to position the firm for an IPO has led to a pattern of older, highly competent, personnel to be let go. - They tend to follow any technology trend by about 6 months - Zero appetite for any risk, yet believe returns should remain at high levels - Non existent employee feedback unless you're fired. - Reliance on a small number of large clients - Little mobility within the firm. (Hey Joe, Of the 15 or so people (all age 45+) you've fired in the past year NONE of them had the ability to work in another area??? - No clear policy on when someone does get fired if they get to hang around in an office for a while or be out the door in 10 minutes? Again, the football thing makes all the difference.

6
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