A Warning on Tobin & Co.

john.smith_3's picture
Rank: Monkey | 47

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 (46)

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

Aug 11, 2019

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

    • 5
Aug 13, 2019

She should change her title to "Justine Tobin - Totalitarian Cult Regime Co-Founder"

    • 1
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
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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.

    • 9
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.

    • 4
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.

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

    • 3
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

"It is not our circumstance that controls us, but our thoughts that control our circumstance." -James Allen

    • 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
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.

    • 15
Aug 14, 2019

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

    • 1
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.

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.

Aug 15, 2019

Troll post?

Obvi there is no competition

Aug 16, 2019

thatisthejoke.jpeg

Aug 16, 2019
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What concert costs 45 cents? 50 Cent feat. Nickelback.

Aug 17, 2019
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