Very poor management with an MD who has no clue how to run a company. They offer 3 month internships with no compensation (that is illegal, by the way) and the quality of work assigned is extremely poor, often tedious powerpoints or writing market research reports that are plagiarized from other sources. If you are offered a full time position, there is no base salary and it is just pure commission - this is simply inexcusable, much less in an expensive city like London.