Noble Financial Group Reviews

Updated Jan 19, 2021

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Found 16 of over 18 reviews

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. 5.0
    Former Employee

    NFG is a great Company for both entry level and seasoned Wall street professionals

    Jan 19, 2021 - Director of Sales 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Great company culture and environment for professional growth

    Cons

    None that I can think of

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  2. 1.0
    Former Employee, more than 5 years

    Bottom of the Barrel

    Jan 14, 2021 - Sales Representative in Boca Raton, FL
    Recommend
    CEO Approval
    Business Outlook

    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. 3.0
    Former Employee, less than 1 year

    A learning experience in exchange for a poor salary.

    Sep 17, 2020 - Research Assistant in Saint Louis, MO
    Recommend
    CEO Approval
    Business Outlook

    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 .

    1 person found this review helpful
  4. 1.0
    Former Employee

    Firm was under FINRA investigation. CEO was suspended

    Mar 16, 2019 - Anonymous Employee in Boca Raton, FL
    Recommend
    CEO Approval
    Business Outlook

    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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    2 people found this review helpful
  5. 5.0
    Former Employee

    Director of Institutional Sales 2013

    Oct 26, 2018 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    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. 1.0
    Former Employee, more than 1 year

    Bad, struggling firm. Avoid

    Sep 6, 2018 - Institutional Sales in Boca Raton, FL
    Recommend
    CEO Approval
    Business Outlook

    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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    4 people found this review helpful
  7. 5.0
    Current Employee, less than 1 year

    Poised for Growth

    Apr 2, 2017 - Investment Banking Analyst in Boca Raton, FL
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Recent success has allowed the firm to invest in key areas to support growth. New employees have joined all departments and the management have shown great initiative in fostering growth from within as well as brining on excellent leaders when needed.

    Cons

    The company does not have to many negatives

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  8. 1.0
    Former Employee

    Stay Away

    Jan 19, 2017 - Anonymous Employee 
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Micro management is minimal Gives graduates from second tier schools an opportunity to work in investment Most favorable reviews on glassdoor are from interns

    Cons

    Highest turnover rate in the industry Cheap no bonuses, money stays at the top Record of broken promises Hack shop that pumps bad microcap stocks Most talent has gone, four of five remaining Analysts are one star

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    5 people found this review helpful
  9. 4.0
    Former Employee, more than 1 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

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  10. 4.0
    Former Employee, more than 1 year

    A decent starting point into the finance world.

    Dec 17, 2014 - Consumer Loan Officer in Chickasha, OK
    Recommend
    CEO Approval
    Business Outlook

    Pros

    Fun, fast paced, friendly environment, where you can start your career in finance

    Cons

    The offices are typically a little bit outdated, and not very appealing to the eyes.

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    1 person found this review helpful
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