A Warning on Tobin & Co.

john.smith_3's picture
Rank: Monkey | 65

I saw this post on Glassdoor and can confirm this is 100% true. Do not be blinded by the positive reviews as Justine (the MD) forces her employees to write them.

-Terrible culture with toxic work envirnoment
-Employees are "highly encouraged" (i.e. forced) to leave artificially positive reviews on websites like this to change the fact that the company is viewed as a joke in the business, as it should be... Anybody writing a negative review is considered like an enemy to eliminate and I know for a fact that the company keeps track of these people's careers to try to get them fired from future employments, especially if they happen to still be in the area. Hence why I needed to hide my identity on glassdoor and why I cannot give more detailed info here. There is many former employees that could be writing this review so I am safe like this and I am quite sure they will not be able to figure out who I am.
-The whole business model is to exploit the dream of young kids to become bankers and deceive them that the brand Tobin will help them breaking in somewhere else while in reality anybody looking at your CV and seeing Tobin will think you are worth nothing. Literally anything else in your Cv would be better, those that did succeed in getting meaningful jobs after working at Tobin did so because of their own merits and despite Tobin, not because of it. Stay away! P.S.= Apologies for possibly typos, I wrote this from my phone

Comments (81)

Aug 11, 2019

was thinking of applying here and then read the Glassdoor. Whoever runs the account talks like Trump lol....can't believe they would write on GD about firing someone

    • 1
Aug 11, 2019

Probably Justine herself. She sounds like someone who enjoys a good vendetta or two.

    • 6
Aug 12, 2019

Absolutely Pathetic

Aug 12, 2019

Have you read her twitter? She was calling out WSO a couple years ago for making bad comments about her company.

    • 4
Aug 12, 2019

she acts and talks like trump.

Most Helpful
Aug 12, 2019

Tobin is a legendary part of WSO history. She directly responded to an old thread criticizing her and tried (unsuccessfully?) to dox a poster.

    • 12
Aug 13, 2019

this lady sounds utterly insane

    • 1
Aug 13, 2019

But also an endless source of entertainment!

    • 1
Aug 13, 2019

@Lance Johnson, I'm the one she tried doxing, but she failed miserably. Like, the guy who thought I was not only lived in a completely different part of the country, but worked for a bank that I never even interviewed at. Such a joke.

    • 6
Aug 15, 2019

Classic Justine

Aug 12, 2019

All one has to do is look at the pathetic list of tombstones to confirm its reputation

http://tobinandco.com/experience-selected-transact...

    • 1
Aug 12, 2019

One transaction in all of 2018 and it was a private placement on a barely institutional quality multifamily apartment?

Damn.

    • 1
Aug 12, 2019
Forex Swings:

One transaction in all of 2018 and it was a private placement on a barely institutional quality multifamily apartment?

Damn.

The other years aren't any better

Aug 13, 2019
Bullet-Tooth Tony:

All one has to do is look at the pathetic list of tombstones to confirm its reputation

http://tobinandco.com/experience-selected-transact...

The tombstones aren't even all the same size lol

    • 4
Sep 3, 2019

Robust deal flow in 2018

    • 1
  • topboy
  •  Aug 13, 2019

I wonder what the real reason she left BAML as an MD is. Chick probably went batshit and had to spin getting pushed out

    • 1
Aug 16, 2019

Looks like she left in '99 to join a tech boutique/VC firm, not really that weird of a move during the tech bubble. Of course, they went bust in 2002 leaving ol Justine out on her ass.

Aug 13, 2019

how much does justine tobin make in a year what do y'all think

Aug 13, 2019

Well we know her labor costs are low...

Aug 13, 2019

Given the company's lack of deals, def no more than a 1st year associate at a BB

Aug 13, 2019

Literally closed two deals in two years with a total value of $20M. Fee revenue is probably less than $2M. I am surprised the shop is still alive

Aug 13, 2019
stormedlloyd:

Literally closed two deals in two years with a total value of $20M. Fee revenue is probably less than $2M. I am surprised the shop is still alive

There is no way she took home anywhere near $2mm, but there are minimal operating expenses. She's keeping all of the revenue for herself, so without having to pay anyone else, it's not a bad gig for her.

Aug 14, 2019

assuming fee% of 3% - no idea if that's right but seems reasonable:

Rev - $600k
Wages - $0k
Rent - $100k (est $25 per sq ft @ 4000 sq ft)
Pre-tax profit - $500k
Taxes @35% - $175k
Earnings - $325k

So ya if they do a deal a year we are talking Aso 2ish comp.

If there is $150k on the payroll (legal, a VP, idk) - then after tax profit down to $230ish, and we are into Aso 0/1ish territory

    • 2
Aug 13, 2019

no one cares lol, anyone who decides to work for free is retarded to begin with anyways.

    • 3
    • 1
Aug 13, 2019

Inb4 Aunty Justine begins her rant

    • 2
Funniest
Aug 14, 2019

Damn! Wish I had seen this sooner. I just declined my Goldman Sachs 2020 IBD NYC internship offer for an offer with Tobin and Co.

    • 29
    • 1
Aug 14, 2019

Just curious - has anyone come across or interviewed (maybe even hired) someone from Tobin? What were they like?

Aug 16, 2019

She finds suckers to work for her, by promising they will make money (notice I said "money" not "more money") in the future. Sounds like a MLM to me.

    • 1
Aug 15, 2019

how does tobin sf tech compare with other tech groups (Q/GS/MS Menlo)? Understand this office has a better culture than the Charlotte group.

Array

    • 5
Aug 15, 2019

Troll post?

Obvi there is no competition

    • 2
Aug 16, 2019

thatisthejoke.jpeg

Aug 16, 2019

brock lesnar

What concert costs 45 cents? 50 Cent feat. Nickelback.

    • 1
Aug 18, 2019

Mmmhmmmm

Aug 28, 2019

Apparently their only associate Story Cowles is heavily connected to the Jeffrey Epstein case. Don't have enough points to post a link but he was mentioned as having visited Epstein in jail more than 130 times by CNBC. Was also a person of interest mentioned by the DailyMail as far back as 2011.

    • 6
Aug 28, 2019

Apparently Story Cowles has been acting as a personal assistant to Jeffrey Epstein... This is so weird. Also, to address the above comments, his parents are heirs to a very large fortune (built from the railroads industry).

Edit: He is also currently dating a girl called Sarah Kellen, who presumedly has been acting as one of Epstein's accomplices for many years (helping recruit young girls, etc.)

    • 2
Aug 28, 2019

This is pretty fascinating. I will say a quick google search shows that Sarah Kellen now goes by Sarah Kensington and is married to Nascar driver Brian Vickers, so not sure your comment is accurate.

Aug 28, 2019

YO WHAT! I thought you were trolling but this is real. Tobin a front for some dark money?

https://www.cnbc.com/2019/07/12/jeffrey-epstein-me...

    • 6
Aug 28, 2019

Wow that is unbelievable.

Aug 28, 2019
justphresh:

YO WHAT! I thought you were trolling but this is real. Tobin a front for some dark money?

https://www.cnbc.com/2019/07/12/jeffrey-epstein-me...

< https://i.imgur.com/mRlCDBy.gif !-- Images -->

Sep 3, 2019

Unreal. Well if there was one way to make Tobin & Co sound like even worse of a place, this is it. Such a shady bunch.

    • 1
Aug 28, 2019

I feel like this would create a very large conflict of interest in the office because Justine claims to be an avid supporter of women empowerment and all that other women nonsense. Unlessssssss........ the whole company is a front for something larger.

    • 1
Sep 3, 2019

Fuck me you can't make this shit up. The Glassdoor is ridiculous, especially the firm's replies. You might not get paid but at least there's free coffee and "sometimes the boss buys the fancy stuff for the entire office". I would love to hear some stories from former "Tobinites"...

    • 1
Sep 3, 2019

Just checked out her Twitter account - seems like a balanced and nice human being to me:

-Carpet was supposed to be replaced by @VUEclt in 1 day. Mgt assured us several times. Crew of only 2 people didn't show up til noon. We came home to this + an unlocked empty apartment at 8:00 at night. The crew returned, then left us to clean up their mess #LuxuryLiving #disaster

-The top of shoulder seam busted out of my @JamesPerse boiled wool jacket. How does JP respond? Repair? Replacement? I have hardly worn the thing. Let's see! (No wonder
@Sak kicked them out.

-Bought a bed from @Westin - my husband's decision, not mine. It was delivered DAMAGED. We returned it through the local delivery company. We received NO PAPERWORK and now Westin Home is giving us a hard time about a refund. When they are dealing with a shady delivery company.

I can't see her photo but I'll bet anyone here 100 Euros that she has the "speak-to-the-manager"-haircut!

    • 7
Sep 3, 2019

Wow her Twitter is nothing but complaining, it's actually entertaining to read through. Also so are the stellar resumes of the other employees...

Sep 25, 2019

Justine! How nice of you to join us.

    • 21
Sep 25, 2019

lmao

    • 1
Sep 25, 2019

Yes, because most people with jobs here have worse jobs than an unpaid internship at Tobin. Absolutely no representation on this board from elite boutiques, bulge brackets, and mid market IB.

    • 1
Sep 25, 2019
deeplakehuron:

Wow. So you guys are a bunch of monkeys who are in bad jobs who spend time attacking a banker you are jealous of. That is impressive. You poor slobs. Sorry that you cannot make anything of your careers. Because trolling peoples twitter really makes your father proud.

People are jealous of a banker that makes less money than an associate at an EB?

Sep 25, 2019

    • 6
Sep 27, 2019

Why is it that every account on here that defends Tobin is a new account with under 3 banana points?......hmmmmmm

Array

    • 4
Oct 24, 2019

LOL. Cuz we have jobs and don't spend our days and nights on this "social site." What a bunch of losers you all are. The number of banana points correlates to your level of loser and how little money you make. And the lack of investment banks that you own and run. Just a bunch of employee wanna-bees.

    • 8
Sep 27, 2019

Crazy thought here, I interviewed for an internship at Tobin back in 2015 a month before graduation. Came to finance major late, regional state school, and had no experience, mediocre grades but good leadership on campus.

Instead I took a crappy credit analyst job making 42k a year because I didn't want to move back in with my parents. It's extremely hard to negotiate up to a decent pay grade from that, working for free could've been a better strategy. I'm sure I could've leveraged that internship to a better commercial banking gig that paid more and taught me actual underwriting skills. But I was dumb and didn't realize how narrow my responsibilities would be at that first job.

There's a difference in student who to tried to recruit IB for years and didn't make the cut vs students who simply weren't aware/didn't try. Something tells me most of the haters are in the former group.

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Sep 27, 2019

You assume working for Tobin & Co would produce any sort of leverage.

Sep 27, 2019
Milesthebest:

Crazy thought here, I interviewed for an internship at Tobin back in 2015 a month before graduation. Came to finance major late, regional state school, and had no experience, mediocre grades but good leadership on campus.

Instead I took a crappy credit analyst job making 42k a year because I didn't want to move back in with my parents. It's extremely hard to negotiate up to a decent pay grade from that, working for free could've been a better strategy. I'm sure I could've leveraged that internship to a better commercial banking gig that paid more and taught me actual underwriting skills. But I was dumb and didn't realize how narrow my responsibilities would be at that first job.

There's a difference in student who to tried to recruit IB for years and didn't make the cut vs students who simply weren't aware/didn't try. Something tells me most of the haters are in the former group.

That's $42K more than Tobin pays

    • 8
Sep 30, 2019

Ummm, a "crummy credit analyst" role can easily turn into FO IB at a reputable firm, leveraged credit shops, or a host of other desirable finance careers... I had a guy that wasn't able to convert his summer into full-time due to reasons beyond his control, went into commercial credit, and now has a pretty desirable family office gig. I doubt someone from Tobin could have done the same without a stint at a legitimate employer.

    • 1
Sep 30, 2019

Not disagreeing with you. When I said crummy I was referring to the particular bank's structure. They really shouldn't be selling it as "credit analyst" to college kids. I wasted 3 years before leaving for a normal credit analyst job I'm in now which I'm very happy in.

But it would have been nice to get here 2.5 years ago.

    • 1
Nov 14, 2019

I interned at Tobin out of college. I will agree that going to work unpaid right out of school seemed crazy to me, too. But coming from a non-target background with zero connections in the industry was enough for me to jump at any chance I got to get my foot in the door somewhere. Ultimately, the experience gave me the chance to land an analyst role at boutique in NYC that I never would have been considered for having not interned at Tobin. Other folks have gone to land roles at Goldman, Evercore, BAML LevFin, Deutsche (RIP), Citi, Jefferies, GCA, Houlihan, Citadel, among others.

Since most of you on here seem to have a lot of time on your hands, I'd recommend reaching out to some of these folks on LinkedIn personally and asking how their experiences were firsthand. See what they have to say.

Also, sorry about the lack of banana points. Whatever those are...

    • 2
  • Analyst 3+ in IB - Gen
Nov 14, 2019

Ok thx will do Justine

    • 1
Nov 14, 2019
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  • Prospect in IB-M&A
Nov 14, 2019
Nov 14, 2019
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