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Market Traders Institute

Is this your company?

Run away. Do not work here. - Anonymous employee Market Traders Institute Employee Review

1.0
30 May 2019
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

1 year of work gives you 5 years of experience... Because you're massively overworked and forced to take on the jobs of at least 3 other people thanks to massive, random, and constant layoffs. And not for any particular reason; usually people, including valuable employees, were fired because the CEO has no clear idea what they actually do. He certainly wouldn't know whether or not they were good at it. I'm half sure they just pointed randomly at a list whenever a new round of layoffs was deemed necessary.

Cons

In one year, I had literally 6+ different bosses. I watched dozens of people quit or be fired from my department alone, everyone from executive level to personal assistants. Heck, the CFO was let go in one day for disagreeing with a (horrible) idea that the CEO had. The CEO is the son of the founder. The founder's other son quit because the company is so poorly managed. I'm fairly certain the entire company is just a way for the founder to hide assets. I have no idea how they could continue to be profitable otherwise. They literally encourage sales to sell products for thousands of dollars that haven't even been invented yet. We were constantly tasked with running campaigns when the product hadn't even been named yet. The people in charge cannot handle criticism in the slightest, and have absolutely no idea how to run a business. They alternate between micromanaging and completely disappearing. Anyone who has been there for over 6 months is considered a "veteran." Luckily for most staff, they realized the issues and left on their own accord before they could get fired. I was never in a position to be fired, myself, so don't take this as a disgruntled employee. I felt I had to quit after being asked over and over again to use fraudulent claims and skirt legal guidelines. I refused. I haven't regretted it for a moment. One of the (many marketing directors I saw in my time there) had chest pains, was admitted into the ER, and still came to work a 12 hour shift the next day. That's the kind of pressure they're under. There's no chance of taking pride in any work you do, because plans change and things that have weeks of work put into them become absolutely worthless in a matter of seconds. If you do work there, figure out quickly who is married/related to the top dogs, because if you don't show them favoritism, you're unlikely to succeed there. Not to mention the constant immature family bickering between the executives. And that's without even getting into the blatant sexism at this company. They finally hired their first female executive last year. I don't think she lasted more than two months. CEO made a casual comment about how he domestically abused his ex girlfriend in front of staff members. Super classy. They sell the same half-assed products "re-vamped" (minimal updates and minor marketing changes) about a dozen times each. They do not honor any of their policies. At one point, someone pointed out a huge security issue that would allow hackers to very easily access client's broker account information (meaning they could log in and feasibly steal tens of thousands with ease). It was a simple fix. The department was told to ignore it to focus on a more "profitable" initiative. I'd be surprised if it ever got fixed. I worked with many amazing and talented people at MTI. Most of them left (I'm happy for them) or were fired without notice and walked to their desk so they could clean it out and leave under security's supervision. They had absolutely no plan for who would do the work of anyone who was fired. I think they still haven't filled most of those positions. Absolutely no work-life balance. I can't count the number of times I watched co-workers who had already told the CEO that they had to go pick up their children, or go to a doctor's appointment, etc being stuck in hours-long meetings instead because they were scared they'd lose their job if they left the pointless meeting they were dragged into at the last second. It was depressing. There was no such thing as being "caught up" on work. I watched people go from fairly energetic, happy, enthusiastic employees when they were first hired to incredibly stressed, unhealthy, overworks and unhappy in a matter of weeks. Jokes about losing an inch off your hairline and gaining 20 pounds from stress the month after starting were commonplace. Micromanging is an understatement. The CEO asked for constant updates on numbers that were outdated by the time anyone had pulled them, which they could easily access themselves. I watched a temp work there a month without a single chance to meet with his superior and get guidance on what exactly the heck he was supposed to do. Not the superior's fault, either. He was busy trying to create the "vanity numbers" Jared and Jacob are oh-so-attached to. Which were incredibly inaccurate anyway. I was encouraged to lie about results in marketing materials and give false claims. The CEO would literally look at emails in his spam folder as "inspiration" for how to scam people out of more cash. In this "educational company," the sales team is made up of 50+ people and the educational department consists of less than a dozen. What do you think their focus is? At least I learned a ton about what not to do while working at this company. And how to do a lot of things my position shouldn't have required in the first place. It crammed a lot of experience in a short amount of time, thanks to the MTI time warp.

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Market Traders Institute Response
7y
Thank you for your post. We regret that you did not enjoy the experience. It is unfortunate to see incorrect rumors repeated in this forum. Our new initiatives have in fact strengthened both the company and our ability to serve our students in a way that fosters success. If you are interested in speaking with our new human resources generalist, we invite you to do so.

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CEO approval
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Pros

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Cons

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1.0
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CEO approval
Business outlook

Pros

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Cons

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