Most Ethical Finance workplaces

May 16, 2019 55 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 55 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, 2019 9
    • Facebook / Eng
      nnIY66

      Facebook Eng

      PRE
      Microsoft
      nnIY66more
      Talking about LDN office here. Don’t think they have dinner there
      May 19, 2019
    • Bloomberg / Eng iVX372
      I've definitely never heard of anyone working longer than 9-6 in London either
      May 19, 2019
  • OfferUp / Product Reddittt
    Bless your heart
    May 16, 2019 1
    • Goldman Sachs iAmLloyd
      😂😂
      May 17, 2019
  • Two Sigma blarh
    Id argue we're more ethical than 70% of big tech companies
    May 17, 2019 4
    • 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, 2019
    • 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, 2019
  • Credit Karma AhmadWhite
    Credit Karma: business model is predicated upon helping 90+M people improve their financial situation.
    May 17, 2019 1
    • Nerdwallet is also good for financial info
      May 17, 2019
  • Chase / Creative dotvector
    IEX Group
    May 16, 2019 0
  • 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, 2019 2
    • Microsoft OtpG12
      That’s a cop out answer. Define some metrics and prepare an argument
      May 16, 2019
    • Morgan Stanley
      lwvv73

      Morgan Stanley

      PRE
      Spotify, Klarna
      lwvv73more
      ...no
      May 16, 2019
  • F5 Networks RRA
    McKinsey is not ethical. Read about their work in S Africa.
    May 16, 2019 0
  • Affirm Jqha54
    Affirm
    May 17, 2019 2
  • Goldman Sachs / Other not Lloyd
    LOL
    May 17, 2019 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, 2019 0

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