ThinkEquity Reviews

2.3

25% would recommend to a friend

(34 total reviews)

Joseph Jaigobind

54% approve of CEO

28% positive business outlook

ThinkEquity has an employee rating of 2.3 out of 5 stars, based on 34 company reviews on Glassdoor which indicates that most employees have an average working experience there. The ThinkEquity employee rating is 38% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

34 reviews
1.0
16 Jun 2022

You will not make any money here

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Good for farming experience, which can be used to get a job at a better investment bank.

Cons

It’s a pyramid scheme… they will lure you in with the promise of making BIG MONEY if you work hard and do what they say. In reality, 99% of the work is done by 20-somethings making minimum wage (not kidding) while inner circle, the CEO and a handful of senior-level guys who have followed him around for more than a decade make 99% of the money. Employees are independent contractors, so your choices for health insurance are to spend your entire minimum wage salary on it, or go uninsured. Beyond the atrocious compensation and lack of benefits that inevitably forces everyone out the door, the CEO rules the company like his person fief, micromanaging each department through puppet department heads who simply do his bidding under the guise of autonomy. At the end of the day, the atrociously high turnover speaks for itself… there’s a good reason every department always has job advertisements up… don’t let them tell you it’s “growth.”

1.0
15 Nov 2024

Shadyyyy

Recommend
CEO approval
Business outlook

Pros

The junior guys on the floor are great. Licenses

Cons

Definitely some shady stuff happening every day. Stocks rip randomly on no news and then we rug pull all the holders. We have one analyst that write research reports with 10x price targets on every stock. Never puts a “sell” or “hold”. The CEO demeans everyone on the floor. The head of capital markets “covers” 7,000 accounts on the CRM and you can’t call any of them. He also controls the allocations which is a huge conflict of interest. Honestly just look at the companies we work with on our website and look at the chart. If any reviews you see that are positive it’s really probs the management padding the stats. Force us to read off scripts that they call “presentations” because they know it’s shady.

1.0
10 Dec 2024
Recommend
CEO approval
Business outlook

Pros

There are no pros to working here.

Cons

Pyramid scheme. The hours required would be better spent working as a laborer, far higher earning potential. Top few brokers making all the money placing their friends in sweetheart deals that inevitably tank. Junior brokers are taught to leverage favors, rather than supplying a superior product. They advise terrible deals to seemingly churn commissions with little to no regard for investors. (Most recent example SCPX secondary being halted and investigated by the SEC - ultimately repriced). Their reputation proceeds them on the street and in their niche investor community. Weird relationship between the head of capital markets and the CEO. Rumor has it there was blackmail involved between them. Awful culture, instructing employees to disregard their families, friends and personal life to dedicate 100% of their time to being in the office (on a minimum wage salary for one year). This mantra is echoed near verbatim weekly if not daily. all factors align with the C-suite initiatives for personal profits and overall disregard for anything that stands in the way of that. Steer clear of this firm on all fronts.. Jordan Belfort wanna-be's who give the investment banking industry in general a bad name.

Viewing 1 - 3 of 34 Reviews

Glassdoor has 39 ThinkEquity reviews submitted anonymously by ThinkEquity employees. Read employee reviews and ratings on Glassdoor to decide if ThinkEquity is right for you.