Tower Research Capital LLC

www.tower-research.com
Engaged Employer

Tower Research Capital LLC Reviews

Updated June 16, 2015
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Tower Research Capital LLC CEO Mark Gorton
Mark Gorton
6 Ratings

9 Employee Reviews

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  1. Helpful (4)

    Unique environment, fun, pays well, quirky, maybe a little immature

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Smart colleagues, excellent compensation, responsive IT, time-off is great, work-life balance taken seriously, lots of perks, parties & outings. Office is beautiful ( Eastern decor may not appeal to everyone ). Great rooftop space. Cutting edge technology. Lots of freedom to explore your own ideas.

    Cons

    Workforce is on the young side ( lots of fresh-outs ) and office environment sometimes caters towards the post-college crowd in a negative way. Management very hit-or-miss, some are tough micro-managers and others seem to be "checked out". Lack of visibility into the firm's "numbers" in any meaningful way ( you should expect this at these types of firms . )

    Advice to Management

    The "post-college" vibe may be off-putting to more senior hires; don't underestimate the value experienced hires can bring. Vision and medium-term strategy needs to be communicated to employees better.


  2. Helpful (2)

    Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in New York, NY
    Current Employee - Trader in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Tower Research Capital LLC full-time (More than a year)

    Pros

    Groups are charged based on what they spend. Team bonus is formulaic and based on sharpe. The infrastructure team is top notch. Great parties and fun social life.

    Cons

    Trading groups are heavily silo'ed. There isn't much interaction across groups. Expectations aren't always made clear with regards to risk and performance.


  3. Helpful (4)

    Silo culture, nice and extremely qualified people, amazing perks, a lot of freedom , best performance-based pay around.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quantitative Trader in New York, NY
    Former Employee - Quantitative Trader in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Tower Research Capital LLC full-time (More than a year)

    Pros

    Extremely qualified people, the purest form of meritocracy (pnl-based), a lot of freedom, super casual environment, very relaxed but focused atmosphere, top technology, best (by far) performance-based pay/incentive structure around, insane perks (a free on-site pantry which is almost a full grocery store, free lunch/breakfast, free tickets to NYC shows, very beautiful yet informal offices, etc.).

    Cons

    Work on your own (or come with your group). Until achieving reasonable p/l (unless arriving with huge reputation), any group will enjoy extremely limited human support (programmers, collaboration, etc)..

    Advice to Management

    Perhaps some optional collaborative structure for those who have potential but are struggling with so many tasks to implement a winning strategy. Also, a standardized progress measures which would keep closer tabs at groups' along the way (even before going live) and not only when it is time to send them packing for lack of performance (when they act very swiftly).


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  5. Nice place to work,friendly people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Great place for people with experiences

    Cons

    Small company, with limited access to other business

    Advice to Management

    none


  6. Helpful (3)

    Great place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Infrastructure Developer in New York, NY
    Former Employee - Infrastructure Developer in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Tower Research Capital LLC full-time (More than a year)

    Pros

    Great work environment and smart coworkers. The office located at the heart of NYC and has awesome roof deck to enjoy sunshine with your lunch. People at Tower are very bright while they are kind of laid-back compared to other financial firms. The culture makes all employers feel they belong to one big family.

    Cons

    Since this is a hedge fund, you cannot change the world of your friend. If you are more into making ordinary people's life better, this is not the place for you.


  7. Talented colleagues and great perks

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in London, England (UK)
    Current Employee - Anonymous Employee in London, England (UK)
    Recommends
    Positive Outlook

    I have been working at Tower Research Capital LLC full-time (More than a year)

    Pros

    - Very talented people, across all functions (support and non) - Dynamic, growing quickly - Relaxed informal culture - Great perks - Lots of opportunities to contribute and influence: contrary to large banks, it is easier to make an impact as things can move quickly - Highly focused on delivery - less hierarchical than larger firms - great office - Support for courses and continuous learning

    Cons

    - Small firm so support functions often over-stretched to meet Business as usual, and change projects - Investment in support systems somehow lags a little behind, although this is being addressed - niche experience

    Advice to Management

    Keep supporting top talent across functions Keep Investing in infrastructure and support systems Regularly take the temperature of employees (through surveys etc) More emphasis on lesson learning


  8. Helpful (2)

    good money

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Quantitative Trader in Gurgaon, Haryana (India)
    Former Employee - Quantitative Trader in Gurgaon, Haryana (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Tower Research Capital LLC (More than 3 years)

    Pros

    initial pay is good competitive package

    Cons

    no worklife balance pressure to make money

    Advice to Management

    retain talent and focus on long tern association


  9. Helpful (1)

    Invigorating and innovative - but USA HQ runs the show

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Strategist in Gurgaon, Haryana (India)
    Current Employee - Strategist in Gurgaon, Haryana (India)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Tower Research Capital LLC full-time (More than a year)

    Pros

    Good salary and an innovative environment

    Cons

    Too much domination from USA hq

    Advice to Management

    Too much domination from USA hq


  10. Helpful (8)

    Infrastructure Developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Infrastructure Developer in Gurgaon, Haryana (India)
    Current Employee - Infrastructure Developer in Gurgaon, Haryana (India)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Tower Research Capital LLC full-time (More than a year)

    Pros

    * Good compensation especially when you're hired directly from campus!

    Cons

    * You don't have many options for growth within the company when you join as Infrastructure developer * Work may seem exciting at first, but you'll soon get bored of repititiveness.

    Advice to Management

    It seems like if you want to join Tower, you should be a trader rather than an Infra member mostly because the growth opportunity that you have in Trading profile is much more than Infra. This parity in growth opportunity should be reduced or clearly presented to candidates at the time of interview so that the candidate can make an informed decision.



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