CME Group

www.cmegroup.com

CME Group Reviews

Updated January 20, 2015
Updated January 20, 2015
199 Reviews
3.4
199 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
CME Group CEO Phupinder Gill
Phupinder Gill
76 Ratings

Review Highlights

Pros
  • Challenging environment with good work / life balance for the most part (in 29 reviews)

  • Great benefits, work life balance depending on the position you hold (in 12 reviews)


Cons
  • no work life balance , no respect to employee time off (in 6 reviews)

  • If you are not liked by the inner circle of senior management you will not be successful here (in 7 reviews)

More Highlights

18 Employee Reviews Back to all reviews

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  1.  

    CME Group is where careers go to die

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CME Group full-time (more than a year)

    Pros

    Good work/life balance

    Good benefits

    Great place to be if you're looking to retire in the next 10-20 years

    Cons

    Within my first week working here, a coworker told me that CME Group was where careers go to die. It took me about three months to figure out that this statement is completely accurate.

    Irrelevant work experience for those first starting out... It's a derivatives exchange, you will learn nothing here that can transfer over to a different position elsewhere.

    Lazy and ineffective middle management

    No room for growth

    Advice to ManagementAdvice

    Completely restructure middle management and kick the old pit traders out. This should free up space for those who are looking to work hard and push the company forward

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 2 people found this helpful  

    QA Analyst Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - QA in Chicago, IL
    Former Employee - QA in Chicago, IL

    I worked at CME Group as an intern (less than a year)

    Pros

    None that I know of.

    Cons

    Interns get treated as unwanted people being kicked around. Your job description hardly matches your actual work. They won't treat interns with dignity. During most of my internship I was copy-pasting data from one system to another. I brought up this issue with my manager and executive director but they didn't listen me. Very low pay. Avoid joining CME as a QA. You won't have anything to add to your resume after the internship. Layoffs are frequent. They periodically fire experienced people and hire recently graduated students so they have to pay less salary. Once you start performing and your salary increases...boom...you're fired and they would replace you with another recently graduated student.

    Advice to ManagementAdvice

    Why do you hire interns if you don't need them? Cheap labor? Ha!

    Doesn't Recommend
    No opinion of CEO
  3. 1 person found this helpful  

    Terrible

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private in Chicago, IL
    Former Employee - Private in Chicago, IL

    I worked at CME Group full-time (more than 8 years)

    Pros

    Only pro to this company is having their name on your resume.

    Cons

    They aren't fair to their minority employees. This company is full of office politics. And believe me when I say nepotism is alive and well at the CME!

    Advice to ManagementAdvice

    Management needs sensitive training. Additionally, they need to promote within more. Too often they hire people that are oblivious to the products traded on their platform.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 3 people found this helpful  

    Cronyism, Corruption, Incompetence

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Analyst, Quantitative Risk Management in Chicago, IL
    Former Employee - Senior Analyst, Quantitative Risk Management in Chicago, IL

    I worked at CME Group full-time (more than a year)

    Pros

    (1) Paid time off
    (2) Very low quality standards make working quite easy
    (3) Education reimbursement benefits
    (4) They have a virtual monopoly on parts of the futures and options markets

    Cons

    (1) There are very few competent people working here. Most of the best staff leave within six months to a year after joining.
    (2) Unabashed favoritism, nepotism, and racism
    (3) Extreme amounts of bureaucracy to the point where real work almost never gets done
    (4) Very poor management; I have never seen it this bad before
    (5) There is no culture to speak of; hypocrisy and double talk are the norm of management
    (6) Employees that do not go along with some of these issues are often harasses and retaliated against

    Advice to ManagementAdvice

    It is time to leave; get younger more capable people in positions of power to try to reform CME.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6.  

    Good time off and benefits that's about it

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at CME Group

    Pros

    They give you plenty of time off days and you're able to take them. Nice benefits package for insurance and pension

    Cons

    The managers can be mean and inconsiderate. Degrading with way they treat people.

    Impossible to transfer departments even if you are qualified, they would rather hire externally.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  7.  

    Trading Floor jobs. No advancement, bully tactics and disrespectful managers/ hostile work environment.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Supervisor in Chicago, IL
    Former Employee - Supervisor in Chicago, IL

    I worked at CME Group full-time (more than 10 years)

    Pros

    Good salary and the benefits were great.

    Cons

    Too many layers of management. I was a supervisor for more that 15 years. I was a supervisor in name only because i had no authority to do anything. I was a consistent high performer. I was a company man and always went above and beyond and was not able to advance. Legacy CME were given more opportunity and time to advance. I was micromanaged by a controlling manager that watched my every move. She disrespected and belittled me in front of trading floor staff. I feel i was respected by my AD and my AD was awesome and fair but my manager always bullied me tried to make me look bad. When my AD was off she made my life miserable. My direct reports noticed the way she treated me as well. I left my job because of my manager.The PMP process is a joke. I was forced to change the ratings of good performers so that other well liked people could get better bonuses/ratings. I was also spied on by legacy CME peers in the office and trading floor. If you are not liked by the inner circle of senior management you will not be successful here. A very high degree of favoritism within upper management. Tons of backstabbing between peers.

    Advice to ManagementAdvice

    ADs need to be connected to managers better. Some trading floor managers will belittle and disrespect supervisors in front of staff. Take a good look at the financial floor managers because they will cause good qualified people to leave. Give supervisors more authority over direct reports in regards to the PMP process.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8. 1 person found this helpful  

    Looks good on a resume... if you can survive 2 years

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Chicago, IL
    Current Employee - Analyst in Chicago, IL

    I have been working at CME Group full-time (more than 3 years)

    Pros

    -Resume builder
    -Benefits (tuition reimbursement, decent insurance)

    Cons

    -Very poor pay relative to similar jobs in industry
    -Very poor treatment (lack of respect, lack of encouragement, lack of promotion)

    Advice to ManagementAdvice

    Treat the people who are actually doing all the real work better and learn how to manage people. Abuse and disrespect don't encourage people to work harder... Also, just because you have a big name, it doesn't mean that you should pay half the going compensation rate.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    Very heavy organization

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Director in Chicago, IL
    Current Employee - Director in Chicago, IL

    I have been working at CME Group full-time (more than 8 years)

    Pros

    good work life balance, decent salaries

    Cons

    Very political, very deep hierarchy, low accountability, slow to no decision making.
    The organization does not reward high performer delivering results more than people moving air...strange place to work.

    Advice to ManagementAdvice

    Implement true accountability, reduce unnecessary hierarchical levels

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Racist plantation!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investigator in Chicago, IL
    Former Employee - Investigator in Chicago, IL

    I worked at CME Group full-time (more than 10 years)

    Pros

    This company has a good benefits packages, good vacation package, and a good tuition reimbursement package. The only benefit for that is that they pay for your education, which benefits you at your next job destination.

    Cons

    If you're not in the in-crowd or if you're non-European, you're prospects for raises and promotional activities are nonexistent.

    Advice to ManagementAdvice

    Stop caring about profits and start caring about your employees.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  11.  

    A company where senior management has no focus or interest in working for the company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Lead Systems Certification Analyst in Chicago, IL
    Current Employee - Lead Systems Certification Analyst in Chicago, IL

    I have been working at CME Group

    Pros

    Easy entry for non-technical associates into technical positions

    Cons

    Technical experts lack competency relative to other industry

    Doesn't Recommend
    No opinion of CEO

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