CME Group

  www.cmegroup.com
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CME Group Reviews

Updated Jun 12, 2014
All Employees Current Employees Only

3.4 150 reviews

92% Approve of the CEO

CME Group CEO Phupinder Gill

Phupinder Gill

(51 ratings)

65% of employees recommend this company to a friend

Review Highlights

Pros
  • Challenging environment with good work / life balance for the most part(in 23 reviews)

  • Tuition reimbursement and work life balance(in 8 reviews)


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

  • Bad middle management and no concern for employees personal issues(in 5 reviews)

24 Employee Reviews Back to all reviews
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    • Culture & Values
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    1 person found this helpful  

    Very disappointing ending to a good career

    QA Manager (Current Employee) Chicago, IL

    ProsGood bonus and decent work life balance

    ConsBad middle management and no concern for employees personal issues.

    Advice to Senior ManagementBetter compensation, HR very bad.

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

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    Too much bureaucracy, nepotism, favoritism and a surprisingly large number of incompetent people

    Analyst (Current Employee) Chicago, IL

    ProsGreat benefits. Some of the best in a large company
    Easy work. The bar is set very low because of all the incompetence
    Great work-life balance
    You have to mess up very badly to get fired

    ConsNo real hope for career advancement. Incompetent people mostly fill middle management.
    Promotions are given to brown nosers. It does not matter how smart you are or how much you contribute.
    Low base pay and bonuses.
    If you are smart, you won't learn much here. Most of your time will be spent wiping the drool off your managers' faces.
    No one really cares for your opinion on anything. Give them a good idea and you will politely be told to shut up and sit down. You are simply to do what you are told. Do it while praising your manager for coming up with such an innovative solution and maybe you'll get promoted.

    Advice to Senior ManagementThe talk about how complacency is a killer is just that - talk! It's only a matter of time before someone takes market share away from you. Consider putting the company up for sale and pray for a private equity group to buy you out and give the cage the rattle it needs so badly. Tons of fat to be cut. The company is a cash cow being milked by people I wouldn't even hire to help my son with his homework, let alone decide what derivatives products should be launched or how they should be priced. And the technology? Either outdated or incredibly buggy or both! I'm surprised the company is able to function with all that junk.

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

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    • No Opinion of CEO

    1 person found this helpful  

    Bureaucracy is strong with this one...

    Manager (Current Employee) Chicago, IL

    ProsWorking with the latest technology tools.

    ConsAlways going after the shiniest new technology with little regard for how to run and maintain what we already have.

    Advice to Senior ManagementI know Financial Services is a conservative industry but I want to see some bold leadership and decision making WITHOUT the need for a committee. Make a decision for your team, communicate the direction well, and then get out of the way.

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    • Culture & Values
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    Confused & Unsure

    Ring Reporter (Former Employee) New York, NY

    Prosthe people who work on the trading floor are fun to around and good people.

    ConsSenior Management is all about keeping their own job, the hell with everybody .

    no real upward movement in the company .

    Advice to Senior Managementnone they don't listen anyways.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    CME Group was once great but now cronyism for political favor rule.

    Anonymous Employee (Former Employee) Chicago, IL

    ProsSome really great people work here.

    ConsPolitics in the workplace take precedence over hard work.

    Advice to Senior ManagementPromote from within instead of hiring cronies and political favors.

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

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    Frustrating dead end culture.

    Anonymous Employee (Former Employee)

    ProsGood benefits, technology is always a priority

    ConsLack of loyalty, management unavailable or unaware, little room for advancement

    Advice to Senior ManagementTake a good look at Directors

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Great financial institution, but not at all a tech company

    Software Developer (Current Employee) Chicago, IL

    ProsThe pay is decent. Expectations of workers are pretty relaxed, largely owed to an established condition of frequently inoperable or poorly performing work environments (read: laptops & internal networks), which is almost excusable for a company that deals with what CME deals with. I feel there's a moderate work-life balance: the best of us will be somewhat overworked, but no one appears to be screaming about it. It's very normal to work 40 hours a week consistently, and enjoy your weekends free of interruption. If you are here to punch a card and go home, this is not a bad place to hang your hat. If you feel the fast pace of web development is not for you, this place may put you at ease. At the end of the day, it's just a job, it pays your bills, and you get to have the prestige of working for a great financial monolith that has over a hundred years of experience... at least vicariously. I can't speak ill of the Exchange's history and prestige as a fixture not only in Chicago, but the global economy. Seriously, it's a good company with a rich and impressive history that (hopefully) isn't going anywhere anytime soon.

    ConsThere is no culture to speak of, and there is a notable divide between consultants / contractors and full time staff to nearly the point of hostility. An uncomfortably unethical percentage of the development staff is outsourced, contractor, or staff augmented from other firms, and contemporary conversion is rare. Speaking as a developer, the work environment is horrific in terms of having the ability to do your job effectively. Development practices and team communication is nearly non-existent, and there's very little direction from management that I'm aware of. Quality of product is substandard to the point of crushing creativity within the development staff. If you are passionate about technology or are looking to grow as a developer or worker within the field of web technology, this is a poor choice in occupation. If you are starting out and need direction or the means in which to grow technically or personally, you will probably not survive a month. If you have experience in any modern technology, you will likely be very frustrated. But again, if you need a job, this one pays the bills quite nicely and might serve as a springboard into something better down the line.

    Advice to Senior ManagementYou are at a critical point in your crossroads within your company, and you must choose soon to overcome what I can only assume is a decade of technological indecision and mistakes that are boiling up to a critical mass. Your product is nearly impossible to manage or maintain, so I earnestly implore you either to bite the bullet and re-invent your technological stack, or scrap the idea of managing developers and serve only as oversight to a consulting agency that is highly capable of working in web application development (as many agencies in Chicago are). It's worth stating that my foray into the company hasn't allowed me more than a glimpse into the inner workings of every teams, so it may be fair to say that you're already doing this, and my team is just an uncanny lemon. Talk among other associates suggests otherwise, however, so if you know what to do and you are indeed doing it right, you still have your work cut out for you in fixing quite a bit of your product.

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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    2 people found this helpful  

    Company has no respect for their employees

    Surveillance Analyst (Current Employee) Chicago, IL

    ProsGive you space to grow

    ConsTerrible colleagues and management. Cannot trust anyone.

    Advice to Senior ManagementGet rid of the people that are tearing down the department. There are a lot of useless people and you know who they are. They should all be relieved of their jobs.

    No, I would not recommend this company to a friend

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    2 people found this helpful  

    Changing work environment at the CME

    Market Regulation (Former Employee) Chicago, IL

    ProsYou have the opportunity to work with talented individuals. You can learn a lot abot all different aspects of exchange futures trading.

    ConsUsually, management does not want to hear about your opinions or ideas. The subjective annual reviews are often unfair and do not reflect the actual effetiveness of the employee.

    Advice to Senior ManagementOlder workers should not be forced to leave when many of them have wisdom and experience that cannot be acquired in a year or two.

    No, I would not recommend this company to a friend

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    1 person found this helpful  

    Lead Software Engineer

    Lead Software Engineer (Former Employee) Chicago, IL

    ProsFantastic benefits and a very competitive salary.

    ConsGood old boy network. Lots of Fraternity buddies in various departments. Just playing at Agile Development, not practicing it. If you are not "in" with one of these groups, advance can be very difficult.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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