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Lot of work, comp not proportional - overall an OK place to advance your career.. - Information Technology Newedge Employee Review

3.0
4 Jan 2015
Recommend
CEO approval
Business outlook

Pros

Since I worked in IT, my review is for this department only. I got thrown into the deep end since the very beginning, and while this translated to a LOT of work, it also meant I got to learn a lot.. Adherence to ITIL standards, good change management process which can be a pain short-term, but long term is very good in keeping do-it-on-the-fly/test-in-prod-first developers in check Enough say in terms of implementation of a particular project.. More than enough enterprise level technologies to work with..

Cons

Too much turnover in IT, parts of the environment can become messy because 'too many cooks...' Compensation lags behind market rate, esp for the finance industry Bonuses too low / almost non existent (IT) Mid level management does not stand up to upper management, resulting in unrealistic deadlines Depending on your teammates, you could end up managing a lot of projects..

Explore other reviews about Newedge

5.0
7 Mar 2017
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great company with great people working in it.

Cons

Some tasks might be redundant if you're just starting out.

4.0
18 June 2013
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Seeing some negative things out here about my company. Some justified...most not. I've worked in financial services for 20+ years, and in my opinion Newedge is still a good place to grow. Benefits from my perspective is the size of the firm relative to our leadership position and the global scale of our operations. Firm size is relatively small at around 2,700. The team I work with is very thin. I've worked at the large shops and prefer the Newedge atmosphere as I find it more rewarding. Smaller teams mean the opportunity to learn more on any project. You also have more direct control for a project's success and means to completion. This is the first global firm I have worked for. Although the hours are not always ideal, in my role I do get to interact with colleagues around the globe. That perspective and experience is beneficial for this role and whatever may be next for me down the road.

Cons

FCMs have had a rough road the last few years and that has had a cascading effect throughout the industry and at Newedge. A side effect of all of this is greater regulatory scrutiny which in turn equates to more checkpoints. Internal/external audit, reporting, compliance oversight are all at fairly elevated levels. The volume of forms to be completed for this request or that request seems overly bureaucratic at times. This all makes the completion of projects that much more challenging.

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