McAdam Reviews

4.3

82% would recommend to a friend

(412 total reviews)

Michael McAdam

83% approve of CEO

84% positive business outlook

McAdam has an employee rating of 4.3 out of 5 stars, based on 412 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The McAdam 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

412 reviews
2.0
5 Mar 2019

Yikes...

Recommend
CEO approval
Business outlook

Pros

This list is short. They have a great bonus structure. End of pros.

Cons

If you haven't worked in financial advising before, please do yourself a favor and go work for a bigger firm like Merrill Lynch, UBS, Morgan Stanley, etc. While McAdam may seem like a great place to get started, let me assure you it is not. They pay you absolutely nothing through the lengthy training process. Bigger firms will. They do not offer team advising. Bigger firms do. They do not offer a salary (purely commissions based). Bigger firms will start you with a base salary. In short, McAdam is a fine place to work if you have been in the industry, have an established client base, and have knowledge of how things work and what to do. But if you are relatively new to the industry, go somewhere else because you are set up to fail at McAdam. They will try to take advantage of you for your clients and not your talent. Don't let that happen.

1.0
11 May 2017

Financial Advisor

Recommend
CEO approval
Business outlook

Pros

You get the ability to obtain your series licenses and learn to make cold colds.

Cons

You will literally pay for everything, office fees/technology fees, and E&O insurance. They say the company pays for the first year but that is a lie. Management needs you to stay in order for them to get paid via the "fees" that you incur every month. Advise for college graduates-work for a well known financial firm that pays you salary and doesn't take money from you. This company is going to leave you in the red, a lot of the advisors that I worked with came from families that were not well off and literally had zero dollars in their bank account from having to pay fees and the little bit of money you make from selling plans just gets taken back. Also, just as a side note, most of the positive reviews are made by management to lure you into working here.

1.0
28 July 2016
Recommend
CEO approval
Business outlook

Pros

I came out of the experience with some pretty good sales training and got to meet face-to-face with clients, which helped me land a real job that is sustainable for a young professional.

Cons

TL;DR - Do not work here, I am telling you this for your own good. If you are a recent graduate, find a job with reliable income and once you develop a business acumen you can try to support yourself on 100% commission. Despite all of the planted rhetoric in the positive reviews on here, McAdam is a horrible choice for a first job if you have literally, and I mean that in the true sense of the word, any other alternative. Even if for some reason you think you don't have alternatives, I strongly caution against accepting. Find something else, whatever that may be. You have to pay to get licensed, pay for monthly office and 'technology' fees, receive no benefits whatsoever, and will struggle to make enough money to break even (if you are lucky enough to be one of the few making money at all). I can say that from experience because after my time working there, I was almost broke after leaning on my savings to support myself while 'getting off the ground'. And I was one of the higher producing people in my hiring class. Learn from my negative experience, and the others you see on here, and avoid this as best you can. It's easy to be convinced that this is a viable opportunity as an uninformed interviewee, so do yourself a favor and bail before you waste valuable time and money here.

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Glassdoor has 475 McAdam reviews submitted anonymously by McAdam employees. Read employee reviews and ratings on Glassdoor to decide if McAdam is right for you.