Noble Financial Group Reviews

Updated 19 Jan 2021

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2.7
44%
Recommend to a Friend
49%
Approve of CEO
Noble Financial Group President & CEO Nico P. Pronk (no image)
Nico P. Pronk
12 Ratings
  1. "NFG is a great Company for both entry level and seasoned Wall street professionals"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Director of Sales 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Noble Financial Group full-time

    Pros

    Great company culture and environment for professional growth

    Cons

    None that I can think of

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  2. "Bottom of the Barrel"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Diversity & Inclusion
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Sales Representative in Boca Raton, FL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Noble Financial Group full-time for more than 5 years

    Pros

    The only way to go from here is up!

    Cons

    Highest turnover rate in the industry. Went through 4 sales directors during my tenure. All the good analysts are gone. Firm gets paid by writing glowing reports on bad companies no one wants to cover and doing biotech banking deals on obscure firms. Because he was paid by the company, one senior analyst continued to write bullish reports on a company as it went bankrupt. CEO and a sales rep almost got into a fist fight over broken promises.

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  3. Helpful (1)

    "A learning experience in exchange for a poor salary."

    3.0
    Former Employee - Research Assistant in Saint Louis, MO

    I worked at Noble Financial Group full-time for less than a year

    Pros

    I learned quite a bit and was given the chance to assist senior management with analysis. If I had good data my voice was heard.

    Cons

    Work expectations were not commensurate with salary. Long hours, which some people expect in this industry, but sometimes this almost more cultural than practical .

  4. Helpful (2)

    "Firm was under FINRA investigation. CEO was suspended"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Toronto, ON
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Noble Financial Group full-time

    Pros

    The only pro I can think of is that I know longer work there

    Cons

    Aside from the very bad management practices that led to the FINRA investigation and suspension (all public records available online) the firm is really bad. Noble hasnt successfully led an equity deal in years and not for lack of trying. Deal flow is generally bottom of the barrel penny stocks that no one wants to invest in. The firm has been struggling to compete and that is reflected in compensation. You will never make money at Noble. They ALWAYS come up with some reason not to pay what your owed, and what they said they would pay. This is a constant that you will hear from EVERY former employee that they dont pay at all. No respect or professionalism shown to employees. Incredibly poor management and decision makers running the show. There are some very friendly people who work there but no real producers. Most people with talent left years ago due to very bad comp. CEO demands production from everyone but produces and generates almost no business or revenue himself.

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  5. "Director of Institutional Sales 2013"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Noble Financial Group full-time

    Pros

    Noble is a vibrant full service investment bank in South Florida! The firm allows its employees and interns grow and gain Wall Street Experience without multi-layers of Management. If you are seeking an opportunity in Research, Investment Banking and or Institutional Sales Noble is a great place to work!

    Cons

    No cons for Noble Financial

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  6. Helpful (4)

    "Bad, struggling firm. Avoid"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Institutional Sales in Montreal, QC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Noble Financial Group full-time for more than a year

    Pros

    Good office location. A few blocks from the beach and next to lots of restaurants and bars Some nice people work at the firm but only one or two who actually know what theyre doing No one works very hard. Office is a ghost town by 5pm so decent work life balance

    Cons

    Pretty shady firm. CEO Niko Pronk was suspended by FINRA for some very sketchy stuff Ridiculous turnover. Only 2 of 12 institutional sales people I started with two years ago are still there Deceptive compenstation plan. They're always changing the comp plan and then never stick to it. The very little money that comes in stays at the top Pressured by management to sell low quality/penny stock investment banking deals. Spent months and months trying to sell deals that never ever close. NEVER. EVER. CLOSE.

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  7. Helpful (9)

    "A Miserable Experience at a Joke of an Investment Bank"

    1.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Noble Financial Group full-time for more than a year

    Pros

    There is little direct oversight and you have time to look for another job while there.

    Cons

    -Clueless, but dirty leadership -Firm is run like Niko Pronk's personal account, which it essentially is -Management has zero regard for its employees; you will be treated poorly -Amateur sales force with no real industry experience or connections -Firm has a terrible reputation as a chop shop, which it is -Employees have no resources to succeed; the place is bare bones cheap; feel fortunate if you have a desk and a computer -Pay is terrible, and management is likely to cut it or change it as they see fit -Turnover is incredibly high; no matter what you do, it's unlikely you will be there more than 12-24 months -Working there is damaging to your resume/career

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  8. "Great exposure to seasoned, well-respected senior equity analysts made working at Noble a great learning environment"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Noble Financial Group full-time for more than a year

    Pros

    As a junior analyst, I had the opportunity to learn from a team of seasoned equity analysts, most of which had joined Noble after many years of experience in equity research at larger investment banks. Another plus is that you get exposure to several industry verticals as a junior analyst, rather than focusing on just one industry. Great place to start a career in equity research or institutional equity sales.

    Cons

    Hours for a junior equity analyst can be long, although, to be fair, are generally in line with industry average

  9. "Noble really is "Noble""

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Noble Financial Group full-time

    Pros

    I stumbled on this website by accident so I looked up my old employer. I couldn't believe what I found. A few disgruntled employees trying to leave the impression that Noble is some kind of evil place. I guess you should expect this kind of stuff from sites where you can remain anonymous and unchallenged. This is about the first time I've ever submitted comments on websites but I felt that someone should at least offer some balance (I would encourage other past and present employees that know what Noble is REALLY like to do the same). The company is 25 or 30 years old so that alone discredits many of the comments. Nico Pronk (President) is European (from Finland or Denmark I think). I don't think that's a place where there was a sense of entitlement like there is here (US). I did not work directly with him but any interaction I did have was positive. He seemed very honest and made sure that the company followed the rules of FINRA (and there are a lot of rules!). Employees were given plenty of opportunity to succeed but it took personal initiative and hard work - like you would expect from any other Wall Street firm. The commission structure was not any different than any other broker / dealer either. Noble hired brokers (mostly institutional sales) that had past experience. It's probably these guys who wrote the comments. I heard a lot of talk from them but little action. They came from an environment where if you buy some beers and take clients to a baseball game, you got trades. That all about stopped in 2008. You had to be a good salesman and put out the effort. A lot of these guys didn't and eventually either quit (because they didn't generate any business!) or got fired. Let's remember that even the big investment banks were going out of business at that time and Noble kept going! Also one of the comments was that there was turnover at all levels - that is not true at all. The only turnover I saw the whole time I worked at Noble were these sales guys. The management, bankers and analysts were there for many, many years. The analysts are top notch. So an honest, hard-working guy can do extremely well at Noble. They hold a big conference every year that everyone raves about and it is a good opportunity to build loyalty with clients and public company executives that leads to getting paid. They are very fair and give new guys that are new to the business a lot of time to learn it. You can make a great living if you are good on the phone and put in the effort. Considering what the industry has gone through and that Noble is still there, your job is pretty secure if you're good.

    Cons

    Ironically, I think Noble should have fired some sales people sooner than they did. Some came in with a ton of experience (supposedly) and never brought the business. Noble gave them the benefit of the doubt far too long then when they were let go they were shocked.

  10. Helpful (10)

    "One of worst investment banks on the Street"

    1.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Executive in Toronto, ON
    Doesn't Recommend

    I worked at Noble Financial Group

    Pros

    • Work and life balance is good • Laid back culture • The senior mgmt and staff, although clueless, are for the most part good guys who are fun to have a beer with but not exactly the sharpest tools in the shed. Overall, its a good place to hide for a while before landing the right job.

    Cons

    • Low compensation packages - below market. • No strategy and structure in place • Incompetent mgmt team. No leadership, unable (with no interest) in establishing a legitimacy and brand recognition. Prefers to be a bottom feeder. • Small and cheap office environment. • No room for career advancement. • High turnover at all levels.

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