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Glassdoor Reviews: A Glimpse Into Company Culture
Glassdoor is a gold mine for discovering what it’s really like to work at a company. The anonymous reviews from current and former employees can give you insight into the culture, values, and environment that you just won’t get from the corporate website or recruiting pitch.
For finance firms, the reviews may confirm what you expect long hours, competitive pay, intellectual challenge but they also reveal a lot more. Look for recurring themes in the reviews to get a sense of the overall morale and what people value most about their work or role. Are people energized by collaboration, growth opportunities or work-life balance? Do they feel supported and empowered or micromanaged?
You’ll also discover the little details that make a big difference in job satisfaction. For example, flexible work policies, mentorship programs, employee resource groups, and learning & development budgets are all great signs that a company invests in its people.
Glassdoor is an invaluable resource for finding a finance job and company you’ll thrive in. The reviews offer a glimpse behind the scenes so you can go into the recruiting process with realistic expectations. Now go check out what people are saying about those firms on your shortlist.
Going Beyond Salaries: What Glassdoor Employees Value Most
Working at a top finance firm often means a high salary and prestigious name on your resume. However, according to reviews from employees on Glassdoor, there are other aspects of the job that contribute greatly to job satisfaction and work-life balance.
Culture and work environment. The culture, values and environment of a company have a huge impact on employee happiness. Employees value things like:
- Having supportive managers and colleagues. Feeling part of a team.
- Flexible work schedules and work-life balance. Being able to take time off when needed.
- Open communication and transparency from leadership. Feeling like their voice is heard.
- A fun, dynamic environment. Company outings, social events, and perks like free meals or gym access.
Glassdoor Work-Life Balance at Top Financial Firms
Many top finance firms are known for long hours and demanding work that often require major sacrifices to work-life balance. However, according to recent Glassdoor reviews, some companies are better than others at promoting a sustainable work-life balance.
At Goldman Sachs, many reviewers note that the hours can be very long during busy periods, often averaging 12-14 hours a day or even all-nighters. However, Goldman Sachs does offer generous paid time off policies, including 20-25 days of paid vacation for new analysts and associates.
Morgan Stanley is said to offer a fast-paced, challenging work environment with the potential for long hours. However, the company receives positive reviews for allowing employees flexibility and control over their schedules when possible. Morgan Stanley offers competitive paid time off, paid holidays and paid parental leave. The company also sponsors wellness programs, employee engagement initiatives and networking events to support work-life balance.
At JPMorgan Chase, employee reviews indicate that work hours can vary significantly based on role and department. While some areas like investment banking typically require very long hours, other groups offer much better work-life balance with reasonable hours. JPMorgan Chase provides generous paid time off, paid holidays, paid parental leave, flex time and telecommuting options for some roles. The company also sponsors various wellness, community outreach and social programs for employees.
Career Growth Opportunities in Finance
A career in finance offers many opportunities for growth.
1. Move into Management
After gaining several years of experience, you can pursue managerial roles overseeing teams and higher-level projects. This may include becoming a director of a department like risk management or investment banking. These leadership positions typically come with increased pay and responsibility.
2. Explore New Opportunities
Rather than following a traditional career path at one firm, you could explore new roles at different companies to expand your experience. For example, you could start out as a financial analyst, then become a trader at an investment bank, and later a portfolio manager at a hedge fund. By exposing yourself to new areas, you’ll build a diverse skill set and determine what you enjoy most.
3. Advance Your Education
Earning an advanced degree like an MBA, master’s in finance, or CFA designation can open up more career opportunities. With additional education, you may qualify for higher-paying jobs with more responsibility. Continuously learning new skills and concepts will make you a strong candidate for the top positions.
4. Switch Specializations
Over time, you can transition into different areas of finance that match your interests and strengths. For example, you could switch from retail banking to investment banking or from insurance to hedge funds. Make a lateral move into a new department or switch firms altogether to find the right specialization for you.
Diversity and Inclusion at Leading Financial Institutions
Here are some of the initiatives leading companies are putting in place:
1. Recruiting from Diverse Pools of Candidates
To increase diversity, companies are broadening their recruiting efforts at colleges and universities that traditionally serve underrepresented groups. They are also partnering with organizations that promote diversity in business and finance. Some firms have set hiring goals to improve representation of women and minorities.
2. Training and Awareness
Many firms now require diversity, inclusion and unconscious bias training for all employees. The goal is to raise awareness of barriers and microaggressions that negatively impact underrepresented groups. The training helps employees recognize their own biases and understand how to mitigate them.
3. Employee Resource Groups
Employee resource groups, also known as ERGs or affinity groups, provide support and community for employees from underrepresented backgrounds. For example, groups may exist for women, members of the LGBTQ community, veterans, people with disabilities, and various ethnic minorities. The groups advocate for their members and help shape company diversity policies.
4. Flexible Work Options
Offering flexible work options like part-time hours, job sharing, and remote work accommodates employees with disabilities or those balancing work and family responsibilities. These policies promote an inclusive culture where people feel supported in their work and personal lives.
5. Pay Equity and Promotion Practices
Some companies are conducting internal pay equity audits to make sure underrepresented groups are compensated and promoted fairly. Where gaps exist, they are making adjustments to ensure equal pay and opportunity regardless of gender, race, or other attributes.