CME Group
3.3 of 5 147 reviews
www.cmegroup.com Chicago, IL 1000 to 5000 Employees

CME Group Reviews

Updated May 24, 2014
All Employees Current Employees Only

3.3 147 reviews

                             

92% Approve of the CEO

CME Group CEO Phupinder Gill

Phupinder Gill

(48 ratings)

64% of employees recommend this company to a friend
13 Employee Reviews Back to all reviews
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    2 people found this helpful  

    Cronyism, Corruption, Incompetence

    Senior Analyst, Quantitative Risk Management (Former Employee)
    Chicago, IL

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

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Good time off and benefits that's about it

    Anonymous Employee (Current Employee)

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

    ConsThe 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.

    No, I would not recommend this company to a friend

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

    Supervisor (Former Employee)
    Chicago, IL

    ProsGood salary and the benefits were great.

    ConsToo 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 Senior ManagementADs 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    1 person found this helpful  

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

    Analyst (Current Employee)
    Chicago, IL

    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 Senior ManagementTreat 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.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Very heavy organization

    Director (Current Employee)
    Chicago, IL

    Prosgood work life balance, decent salaries

    ConsVery 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 Senior ManagementImplement true accountability, reduce unnecessary hierarchical levels

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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    Racist plantation!

    Investigator (Former Employee)
    Chicago, IL

    ProsThis 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.

    ConsIf 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 Senior ManagementStop caring about profits and start caring about your employees.

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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

    Lead Systems Certification Analyst (Current Employee)
    Chicago, IL

    ProsEasy entry for non-technical associates into technical positions

    ConsTechnical experts lack competency relative to other industry

    No, I would not recommend this company to a friend

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    Horrendous place for bright software developers to work

    Software Development (Current Employee)
    Chicago, IL

    ProsThere are some bright people but they are leaving at a fast rate.

    ConsThis is the worst place to work for, for a good software developer. All the guys who can't program or can't do anything productive get promoted to Associated Directors. Then the same crappy folks are in charge of reviewing the performance of bright developers who do the real work ! It's like an inverse pyramid, they have got the rotten people on top, on an average there are 2 managers for each dev/qa/analyst person. Lot of red tape, politics goes on than real work, with so many Associate Directors it is normal to expect I presume.
    One person takes the status, another person print it in excel and brings it to the meetings, another person reads it in the meetings, another person takes meeting notes and emails it out.
    It takes on an average 10 years to build a new system cause of mismanagement and poor or no vision at all, that's why most work is maintenance/support work.

    All these factors naturally tend to promote mediocrity.

    Advice to Senior ManagementBe real leaders and stop being too political and defensive.

    No, I would not recommend this company to a friend

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    Do not work on trading floor if you have a degree!!!!!

    Anonymous Employee (Former Employee)
    Chicago, IL

    ProsAny other department outside of trading floor operations.

    ConsAn entry level security guard will advance further than someone with a degree who works on the trading floor as a Market Reporter. I TOTALLY AGREE with the other reviews.

    Advice to Senior ManagementGo to college...get a degree so you won't feel insecure by an employee who has one!

    No, I would not recommend this company to a friend

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    corrupted and unfair to staff

    Anonymous Employee (Former Employee)

    Prosnice london office, some smart and driven people

    Conscorrupted management and HR. They make the law no matter right or wrong as long as in their favour and make them look good in front of US executives.

    Advice to Senior ManagementSack the London HR

    No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Glassdoor is your free inside look at CME Group reviews and ratings — including employee satisfaction and approval rating for CME Group CEO Phupinder Gill. All 13 reviews posted anonymously by CME Group employees.