NASDAQ OMX Group Reviews

83 Reviews
3.1
83 Reviews
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Approve of CEO
NASDAQ OMX Group Chief Executive Officer Bob Greifeld
Bob Greifeld
53 Ratings

Review Highlights

Pros
  • Good benefits including 6% 401(k) match, but no public transportation stipend (in 5 reviews)

  • Brand recognition, intense work environment, never a dull moment (in 4 reviews)


Cons
  • Some of senior management are not that bright; others are excellent (in 11 reviews)

  • Inability to execute - think Facebook IPO (in 4 reviews)

More Highlights

10 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    Terrible management. CEO needs to step-down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at NASDAQ OMX Group full-time for more than 3 years

    Pros

    ESPP plan, Brand name, view from the building

    Cons

    This company does not believe in investing in its people. Their entire attitude towards their employees is to get the most out of them while giving them the least amount of training, growth opportunity, comp, respect or appreciation. CEO micromanages everything, down to the hiring of analyst level positions. Surrounded by yes men/women who can do nothing to help the staff. Constant fire drills and chaos in the work. Everything has to be done now, at the whim of senior management. Bottom line is everything, people mean nothing.

    Advice to ManagementAdvice

    In order to grow, you need to invest in your people and infrastructure. Constant cost cutting is not the the way to improve your product and ultimately your bottom line.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    Not all that fancy

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

    I have been working at NASDAQ OMX Group full-time

    Pros

    Good pay. Good location (Rockville, MD)

    Cons

    Not clear direction. Micro-managed. Tons of meaningless meetings. No clear career path. Unfair treatment.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  3.  

    Could be worse but...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Systems Analyst Specialist  in  New York, NY
    Current Employee - Systems Analyst Specialist in New York, NY

    I have been working at NASDAQ OMX Group full-time for more than 3 years

    Pros

    Great co workers try to make it a fun place to work. The pay is pretty decent. Relatively flexible hours when needed.

    Cons

    Systems used are outdated. Went backwards with ticketing systems which are managed in Sweden. Because of this outdated system, simple tasks are made monstrous which is counterproductive. Sometimes isn't worth the pay.

    Advice to ManagementAdvice

    Listen to your people. Don't do all the talking nor assume you know what's going on. Slow down and listen. PLEASE.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Do you like chaos?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Marketing  in  New York, NY
    Current Employee - Marketing in New York, NY

    I have been working at NASDAQ OMX Group full-time for more than 3 years

    Pros

    Pay is fair. If you like being paid the same salary forever.

    Cons

    No structure. No strategy. Completely reactive. Political. Backstabbing. Nepotism (a whole LOT of nepotism). No investment in brand. No money to spend on anything. No career advancement. I myself have literally not had a manager for 3 years.

    Advice to ManagementAdvice

    Business is more than the stock price. Invest in people and quality products and your numbers will match, eventually.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6. 2 people found this helpful  

    Opportunities within the framework of defendable decisions

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

    I have been working at NASDAQ OMX Group full-time for more than 3 years

    Pros

    Opportunities to contribute to interesting projects.

    Peers, teams & coworkers that range from average to excellent in skill & personality.

    Compensation
    - Consists of a base salary with a 5,10,15,20,40% yearly bonus depending on one's position (e.g. associate, professional, senior, director, vp, etc)
    - ESPP is available in 6 month intervals at a 15% discount
    - Healthcare kicks in immediately rather than after some period (90 day)
    - RSUs are granted yearly and vest after 4 years.
    - 4% 401k match w/ Vanguard

    Cons

    As with any large organization, it suffers similar challenges.

    - Plenty of turnover and organizational restructuring. Each year titles are renamed, groups are volleyed back and forth between senior managers in the name of "growth" "efficiency" "synergy"

    This leads to an unfortunate loss of direction each time a reorganization/management shift occurs in the technology organization. Despite these shifts, the groups and the organizational process/workflow/structure have remained relatively unchanged. The same groups talk to each other to get the same work accomplished. Rather than the Greens talking to the Yellows, it simply shifts to the Oranges talking to the Browns in title only.

    It is very similar to the observation that mergers fail due to organizational processes not meshing together.

    - A technology company severely incapacitated by the recent corporate culture of defendable decisions since the technology issues of the largest IPO. e.g. "No one ever got fired for hiring IBM."

    This has mainly led to the culture comprised of skilled, agile teams, capable of building solutions, to incapable teams that have lost their top talent to turnover. The policies put forth make for a severely demoralizing & demotivating a workforce that's otherwise tremendously capable.

    This makes for a fairly oppressive work environment and a structure that engenders mistrust. A small bit of sanity comes from the small alliances that are forged amongst the Romeos & Juliets of groups at odds with each other.

    - Senior management is severely disconnected from the ground floor workers as they are incapable of dog-fooding the products & policies they put forth. As many know, an idea does not sell itself, but the hard work and attention to detail make the difference. By pushing policies in the name of leaving a legacy, resume bullet point, or being a yes-man, relationships & respect are broken.

    - ADHD inducing distractions. Being an open setup, there's a tremendous lack of ability to focus on a task at hand.

    Advice to ManagementAdvice

    Bob G asks at group lunches, "What can we do to improve our company?"
    When most of the employees are speechless, it's not that there aren't any improvements to make, it's that they are paralyzed from speaking as they don't know where to begin.

    - Our salaries reflect that we are a knowledge workforce rather than a labor workforce. The most important competitive advantage of a knowledge workforce is the cultivation and management of that knowledge & critical thinking base. Top talented engineers make great team leads, however are very unlikely to be good managers.

    - Stop reorganizing the company. History has shown that war has not been a struggle over territory as much as the battle for a shift in power. As different heads continue to battle for territory, it's a reflection of individuals shifting their priorities from EXCELLENCE to SELF-PRESERVATION. As management's focus shifts to self-preservation, competitive edge is lost as top talent decides that their sanity is more important than the compensation package.

    - Focus on building & forging employee relationships rather than relying on top-down edicts of how employees should work. Build a collaborative environment where minds can mesh. Google about the design of the Bell Labs Hallway.

    When it comes to fixing problems, there are 2 types of consultants. Ones that are looking to bill you for putting on a show, and ones that understand that the individuals best suited to fixing an organization are the individuals within it. The latter consultant merely facilitates the process of finding the individuals capable of a finding a fix and facilitating that fix.

    - Invest in infrastructure and building environments capable of being tested during work hours rather than during the weekends. A burned out employee is incapable of contributing to the knowledge base of the organization as a whole.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Good co-workers bad managers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations  in  New York, NY
    Current Employee - Operations in New York, NY

    I have been working at NASDAQ OMX Group full-time for more than 5 years

    Pros

    Good co-workers who will help you in a pinch.

    Cons

    Most managers clueless and should not have their jobs, just look at what happened with the Facebook IPO. Most of what you learn is by yourself or from a co-worker. No help from Management. Low pay, long hours and micromanagement.

    Advice to ManagementAdvice

    Listen to rank and file employees

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

    Their idea of motivation is to use scare tactics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Client Relationship Manager  in  New York, NY
    Current Employee - Client Relationship Manager in New York, NY

    I have been working at NASDAQ OMX Group full-time for more than 5 years

    Pros

    Decent salary, easy commute, opportunity to experience different roles

    Cons

    Scare tactics used by management, not a lot of motivation or training provided, seen many people fired on the spot even after reaching their targets, acquire companies, but dont know how to integrate them successfully

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Poor Management, Information sharing etc

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst  in  Rockville, MD
    Current Employee - Analyst in Rockville, MD

    I have been working at NASDAQ OMX Group

    Pros

    Good brand to have on a resume, good benefits, colleagues are nice, decent pay depending on which department you work in.

    Cons

    No guidance from upper management, lack of information sharing, rewards and promotions aren't given fairly, lack of internal mobility, lack of resources. NASDAQ OMX likes to spread themselves too thin in order to reduce expenses, no training programs at all. NASDAQ OMX rewards people based on how much money they bring to the company regardless of their effort, and they overlook the people that actually do all the work behind the scenes.

    Advice to ManagementAdvice

    look at the resources you have and don't take on too many projects at once, more recognition for the employees that work hard.

    No opinion of CEO
  10.  

    What would you like: Job security or Growth- Nasdaq is 1st one.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  New York, NY
    Current Employee - Anonymous Employee in New York, NY

    I have been working at NASDAQ OMX Group

    Pros

    The Brand name is good

    Cons

    No growth opportunities for employees.

    Doesn't Recommend
    Disapproves of CEO
  11.  

    Need a stronger senior management team.

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

    I have been working at NASDAQ OMX Group

    Pros

    Big company with global appearance. Strong competitor in the industry.
    Strong products with steady portion of market shares.
    Good benefit package.

    Cons

    Senior management lacks of leading skills especially in the technical department . Too much overhead costs. The merge with OMX did not go well.

    Advice to ManagementAdvice

    Reorganize the product line. Trimming the overhead cost, especially the senior management and VP level management. Emphasize the client-oriented business model.

    Doesn't Recommend
    Disapproves of CEO

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