FINRA reviews

3.8

71% would recommend to a friend

(931 total reviews)
avatar

Robert W. Cook

64% approve of CEO

61% positive business outlook

FINRA has an employee rating of 3.8 out of 5 stars, based on 931 company reviews on Glassdoor which indicates that most employees have a good working experience there. The FINRA employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

931 reviews
1.0
Sep 26, 2010
Recommend
CEO approval
Business Outlook

Pros

They offered a good starting salary based on my experience and education level. The training was decent and gave a good starting point. They offered excellent benefits such as a pension plan and 401k with 6% matching. Health insurance was good for the most part. Hours were okay. That's about it.

Cons

Management within my department was completely unprofessional. Promotions were based on gender and appearance and had nothing to do with performance. Work was extremely repetitive and the quality standards were ever changing. Performance was measured with unrealistic goals and there was no competition between employees. Fear was used as a way to keep employees in line; say the wrong thing and you risked being terminated. Positions were created out of thin air to give the feeling of a promotion without the pay raise or the title. In almost three years of working for this company my contract was changed 3 times, once to decrease the pay, and two to increase the hours without adequate compensation.

3.0
Mar 28, 2009
Recommend
CEO approval
Business Outlook

Pros

At FINRA promotions are given in a timely manner as long as you are relatively competent (mostly due to the large amount of turnover). Compensation is slightly below what is offered at compliance departments throughout the street (maybe 10 - 20 %), although FINRA offers a better work-life balance. The experience offered at FINRA is highly sought after for compliance roles in the major BDs (especially for examiners); although the work may be a little more interesting at FINRA as you’re conducting investigation instead of compliance roles where you’re mostly responding to regulators, conducting internal audits, monitoring employee trading accounts, etc. If you're the type of person who follows orders well and can get into a rhythm and perform a similar task consistently and efficiently, this may be the place for you.

Cons

The culture within FINRA does not stress, and perhaps frowns upon, overachieving or “rocking the boat.” You will not be expected to come up with your own ideas or to find solutions; rather, you'll be expected to follow the already established procedures and perform those well and timely. This may indeed change, especially in the examiner arena, given the current regulatory reforms and the recent CEO change. Management tends to focus on internally derived metrics (e.g. number of exams opened/closed) instead making actual cases.

1.0
Jan 22, 2009
Recommend
CEO approval
Business Outlook

Pros

If you stay with the company long enough you'll get promoted - regardless of how poor your work is! Also, you can come in to the office late or show up to meetings late and nobody says anything, it's great! But seriously, the good things about FINRA are the hours, laid back atmosphere, good-natured coworkers, and ease of the trade. The benefits are good too and some people here are very intelligent; however, be warned that at many times critical thinking, innovation, and intelligence are not rewarded/encouraged. This last sentence is to meet the requirement for the number of words that I need to submit to glassdoor to post this comment / create a profile.

Cons

The organization is not concerned about doing an effective job; it's more concerned with giving the appearance of efficacy. No one is accountable. It suppresses innovation. Compensation is poor relative to the Street. If you're young, ambitious, or intelligent, then FINRA is not a good place to work. You'll quickly become complacent and not develop any transferrable skills. Work here for 2 years max if you must, then switch to the other side of the street. Whether you like this organization is up to you. If you have a family and don't want to think too much or work too hard then it could be for you.

Viewing 145 - 147 of 931 Reviews

Glassdoor has 1,226 FINRA reviews submitted anonymously by FINRA employees. Read employee reviews and ratings on Glassdoor to decide if FINRA is right for you.