Pros
- Great social scene: everyone is fresh out of university so lots of people similar in age, lots of post work drinks, team socials etc - Broad exposure to PE/ market trends through projects or general conversations with industry experts - opportunity to be promoted quickly if targets met/ exceeded - Good graduate starting wage - The people I’ve met at TB are fantastic and made some great friends and connections. Lots of people who have left have gone on to do interesting jobs so has helped build a great professional network - a good stepping stone into other financial services careers
Cons
Where do I even start…. Lots of this will be repeated from previous reviews (if you can find them buried in all the convenient positive ones) which speaks volumes to their overall attitude of profit over people. - extremely repetitive: not the job for you if you hate cold calling. Spamming industry professionals through WhatsApp etc becomes soul destroying. - Heavily target driven: monthly targets which go up with tenure but also change constantly. Whilst the the goal post for ‘good performance’ can be achieved through working hard, there are no adjustments made for business flow, account performance or the economic climate. In my time there the bonus/ target structure changed 5 times. Hitting your target is heavily influenced by what account your on rather than how hard you work and adapt. This leads to high levels of stress amongst many employees. - Vast pay disparity: following on from the point above, some associates are earning more bonus from simply being on better accounts than others who often have to work twice as hard for much less reward. - aggressive PIP culture where half of the connections department are on PIPs for not hitting targets consecutively. Leads to poor mental health, burn out and a hostile working environment. - high staff turn over: people leave constantly leaving teams stretched. Also means people are promoted into managerial positions simply because there’s no one else… - toxic culture: often feels like you’re still at university. Absolutely no regard for mental health or support for colleagues who are burnt out. Gossip and lies spread around the office creates an unprofessional environment and complaints of misconduct are not taken seriously. Lack of proper management training. Everyone hates working there and plans on leaving at some point which creates a negative culture. - work life balance: you’re working from 7:00 AM to 11:30 PM at night. Having to respond to emails at all hours and under 25 mins always. This is an expert network industry problem however, not replying to an email means losing out to competitors. That being said, more staff and better mental health support could be given? - lack of ‘hard skill’ development opportunities