Friedman Billings Ramsey Group

Although it is competitive to get into FBR's investment banking division, once you're in, you'll be able to enjoy the benefits of a better work/life balance than those of your peers at other large firms. One insider says, "Overall, I really enjoy working at FBR. I don't feel like I work at a banker-factory, and that makes a big difference." The firm's friendly atmosphere is present from the moment candidates arrive on FBR turf, as one contact says his "interviewing group was very friendly." The culture at the firm is relaxed, and as one insider notes, "it is very collegial and fun, relative to other investment banks." Others note that the culture is informal and geared toward those younger in age. "The firm's culture is entrepreneurial and the organizational structure is relatively flat. In general, I would characterize the environment as team-oriented," notes one insider. FBR has casual Fridays and regular employee outings.

"Everyone is generally happy to be working at FBR. The mentality seems to be work hard and play harder. Unlike New York banks, people at FBR have lives outside of work." "People are not pigeonholed into doing only certain tasks," notes an inside contact. "Responsibility is given when earned. Senior managers and peers care about your quality of life outside the office. Everyone understands the nature of investment banking, but also allows everyone to enjoy non-work life and have fun as much fun as possible."

One drawback is the lack of diversity. Although the firm is accessible to qualified candidates of all background, the firm is not very diverse currently. "It's still a growing firm and so it can definitely improve on the diversity issue and attract people from different backgrounds." Several insiders wish that the firm would do more to "establish specific programs to recruit and retain women, ethnic minorities, and gay and lesbian candidates at all levels of the organization." Another source says the firm needs more "mentoring programs, specifically to recruit, train and socialize women."