3.0
22 Aug 2008
Former employee
Jersey City, NJ
Recommend
CEO approval
Business outlook
Pros
Positive brand name to have on resume. In the right position you can learn a great deal about the investment business with opportunities for advancement or overseas work. Comp is competetive although it can be confusing as to how they came up with your figure.
Cons
Retail (the former Dean Witter) and Institutional (the white-shoe firm you know of) are at odds with one another. The retail side is in dissaray with old cultural barriers preventing positive change. Many employees seem beated down, unappreciated and unknown. Promotion policy is restrictive to # of years with firm and is challenging for high performers to be offered promotion prior to the HR approved length of service requirement.