Most Ethical Finance workplaces

Ellie Mae cV1TCU
May 16 54 Comments

Wondering which companies in the finance industry we would consider to be the most ethical: BOFA, Wells Fargo, McKinsey, Bain, Paypal, Robinhood, Morgan Stanley, Blackrock, Capital One, Bloomberg etc. Is there even such a thing?

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TOP 54 Comments
  • Bloomberg / Eng iVX372
    Bloomberg. We don't make any trades or perform any major legal activities, but merely sell the means to do so.

    Meanwhile, we have great WLB and Mike just lengthened primary parental leave to 26 weeks.
    May 16 9
    • Bloomberg / Eng
      WPslayer

      Bloomberg Eng

      PRE
      Fidessa
      WPslayermore
      > What do you mean by great wlb? People work till 10pm and can’t come later than 10am is what I hear

      You need better sources. Really the only extra hours you need to put in are around production problems.
      May 17
    • Microsoft / Eng Ex-
      Everyone fucking hates b-units tho
      May 18
    • Bloomberg / Eng
      Fork()

      Bloomberg Eng

      PRE
      Amazon
      Fork()more
      The reason they stay late is to get dinner, not to work. The reason they come in early is to get breakfast
      May 18
    • Facebook / Eng
      nnIY66

      Facebook Eng

      PRE
      Microsoft
      nnIY66more
      Talking about LDN office here. Don’t think they have dinner there
      May 19
    • Bloomberg / Eng iVX372
      I've definitely never heard of anyone working longer than 9-6 in London either
      May 19
  • OfferUp / Product Reddittt
    Bless your heart
    May 16 1
  • Two Sigma blarh
    Id argue we're more ethical than 70% of big tech companies
    May 17 4
    • Bloomberg / Eng iVX372
      How? By leeching money from market actors?

      I'd find the work at a hedge fund highly intellectually interesting, but fully understand that they only serve their investors and are leeches on everyone else in the economies in which they trade.
      May 17
    • Two Sigma blarh
      How is that unethical though? There are set rules for the market and we play well within them. If you invest in the market you should know that there are bigger fish at play. And it doesn't make us unethical to operate within the confines of this institution with a crystal clear statement of our intentions and what we do.

      There is nothing malicious or deceptive about what we do.

      Contrast this to the plethora of tech companies being maliciously deceptive by, for example, leaking/selling user data and deceiving low income earners to drive for them with the promise of good pay only to make less than minimum wage and I'd say we're pretty ethical.
      May 17
    • Bloomberg / Eng iVX372
      > "a crystal clear statement of our intentions and what we do."

      This is provided by every tech company as well, by strict legal obligation. FB's user agreement told users that their data may be sold, with few if any restrictions on its use beyond existing law.

      Meanwhile, shaving dollars from everyone's pension, 401(k) and public school funds by executing high frequency trades that act as middlemen effectively steals from everyone, without their knowledge, consent or permission. I see little objective difference here in transparency or mean dollars lost per American consumer.

      The point is that unlike hedge funds, software companies produce vital technologies that benefit all of us, e.g. medical diagnostic tools, state of the art navigation systems, information retrieval systems that have drastically enhanced global labor productivity, cheaper goods delivered more quickly with more perfect market information and thus more competitive markets, driving and aircraft safety advancements, and more. (Despite Boeing's recent failures, it is indisputable that aircraft software has improved passenger aircraft safety.)
      May 17
    • Microsoft / Eng Ex-
      If prop shops weren't there skimming bps off the top the pensions, 401ks, etc would get shittier prices and less liquidity.
      May 18
  • Credit Karma AhmadWhite
    Credit Karma: business model is predicated upon helping 90+M people improve their financial situation.
    May 17 1
    • Visa EffOffBoy
      Nerdwallet is also good for financial info
      May 17
  • Chase / Creative dotvector
    IEX Group
    May 16 0
  • F5 Networks RRA
    McKinsey is not ethical. Read about their work in S Africa.
    May 16 0
  • Affirm Jqha54
    Affirm
    May 17 2
  • Morgan Stanley
    lwvv73

    Morgan Stanley

    PRE
    Spotify, Klarna
    lwvv73more
    Some of these, at least, are so large and distributed that you'll find it hard to characterise them monolithically.
    May 16 2
    • Microsoft OtpG12
      That’s a cop out answer. Define some metrics and prepare an argument
      May 16
    • Morgan Stanley
      lwvv73

      Morgan Stanley

      PRE
      Spotify, Klarna
      lwvv73more
      ...no
      May 16
  • Goldman Sachs / Other not Lloyd
    LOL
    May 17 0
  • PayPal cygni
    I think PayPal is quiet ethical. Although there is no such thing as quiet ethical, you either are or aren't.
    Working there it did feel like we are working for consumer and merchants benefit
    May 17 0
  • Microsoft OtpG12
    McKinsey definitely not — they basically sold out Khashoggi and recommended bribing as part of business building processes in India
    May 16 1
    • McKinsey / Consultant @valyria
      Hopefully you’re not serious
      May 17
  • Credit Karma zipWthIndx
    Credit Karma for sure
    May 17 2
    • Chase / Creative dotvector
      How so?
      May 17
    • Credit Karma AhmadWhite
      The banks are like Daenerys Targaryen. Experian is Cersei. Credit karma is Jon snow
      May 21
  • Morgan Stanley ninja007
    Ethic. A fintech start up. 😄
    May 16 1
    • Two Sigma mips2000
      I have been there at their office once (I guess not many did)
      May 17
  • Goldman Sachs not_djSol
    Nobody is ethical, everyone *tries* to be as far as regulation needs it. Welcome to capitalism!
    May 16 0
  • Capital One emdR65
    Capital One takes really good care of its employees, WLB and benefits-wise. Generally speaking, they also aren’t doing highly questionable things and do really keep what’s best for the customer in mind.
    May 22 4
    • Bloomberg / Eng iVX372
      Doesn't Capital One regularly fire the bottom 10%, like Amazon? If so, that sounds like a recipe for awful politics
      May 22
    • Capital One emdR65
      I’ve been there 3 years, and the 4 people I’ve known that have been let go in that manner would have been let go at any place. Also, unless you are fired for cause, they “lay you off” with like 6 months severance.
      May 22
    • Bloomberg / Eng iVX372
      6 months?! Wow
      May 22
    • Bloomberg / Eng iVX372
      How many people in your office?
      May 22
  • Visa EffOffBoy
    Aspiration Bank and Amalgamated Bank are both certified B Corporations, a few others also exist. You should look into them (or non-profits) if you're actually interested in ethical finance. The rest of these responses are stupid or trolling, none of the companies you listed are anywhere near ethical either
    May 17 1
    • Bloomberg / Eng
      Fork()

      Bloomberg Eng

      PRE
      Amazon
      Fork()more
      Can confirm Amalgamated bank is a pleasure to work with. They are owned by a number of unions and see the bank of choice for non-profits.
      May 18
  • Chase / Finance bleedblu3
    JP Morgan hands down.
    May 16 1
  • Wolters Kluwer gtUY05
    Equifax
    May 20 0
  • Bloomberg / Eng
    WPslayer

    Bloomberg Eng

    PRE
    Fidessa
    WPslayermore
    Wells Fargo
    May 17 0
  • Barclays PLC finra
    Trick question. Ethics can be quite subjective so they're all ethical in their own way 😆
    May 17 0