Chicago Board Options Exchange

  www.cboe.com
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Chicago Board Options Exchange Reviews

Updated Jul 25, 2014

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All Employees Current Employees Only

3.3 34 reviews

79% Approve of the CEO

Chicago Board Options Exchange Chairman and CEO Bill Brodsky

Bill Brodsky

(14 ratings)

68% of employees recommend this company to a friend
34 Employee Reviews
Relevance Date Rating
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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Underpaid, Overworked

    Investigator (Current Employee) Chicago, IL

    ProsRegulatory Division is severely understaffed so there is plenty of work to go around. Regulatory sector of the Securities industry is the one sector that is actually expanding, a job in the regulatory division at an exchange is a great resume builder for a future job at a private firm.

    ConsI feel as if Senior Regulatory management is under-educated. Most of them have moved up the ladder because of their complacency with their jobs rather than their work. CBOE is bringing in over qualified investigators/examiners at entry levels but they are lawyers, CPA's, ex-Market Makers while senior management lacks advanced degrees.

    Advice to Senior ManagementAlthough CBOE is now a publicly traded company and has to respond to shareholders their regulatory division needs too beef up their staff. Also try to retain some talent, try paying your employees more and they would stick around rather than work there for 5 years and jump for the first private firm compliance department that shows any interest.

    • Work/Life Balance
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    • Approves of CEO

    1 person found this helpful  

    Great place to work

    Investigator (Current Employee) Chicago, IL

    ProsCBOE has the ability to recognize your strengths and lets you achieve your full potenial while balancing work and family

    ConsAt times the CBOE may take some time to make changes. But like most large firms change sometimes can take awhile

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Great Work-Life balance, No micromanaging, relaxed

    Investigator (Current Employee) Chicago, IL

    ProsWork Life Balance, Great co-workers, very laid back

    Conssometimes to laid back, pay is slightly below market

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Awesome place to learn and work

    Internal Audit Intern (Former Employee) Chicago, IL

    ProsGreat people work there. Everyone relaxed and chill. 40% foreign work staff.

    ConsNo music in bathroom and can hear every noise made. Do not go to bathroom around lunch hours.

    Advice to Senior ManagementPlay music in bathroom to drown out noises.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
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    Good

    Investigator (Former Employee) Chicago, IL

    ProsRelaxed environment with friendly people.

    ConsSlow to promote, and people get complacent.

    Advice to Senior ManagementPromote faster talented people.

    • Work/Life Balance
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    Love working at the CBOE

    Q/A Analyst (Current Employee) Chicago, IL

    ProsFor the most part...the people are great. You have the usual negative people but the positive and respectful employees outnumbers them by a wide margin.

    ConsNot a lot of training...it's kinda learn as you go. That's not such a bad thing though.

    Advice to Senior ManagementGet rid of people who are lazy and complete a holes to to other team members.

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Good life work balance but limited potential to advance

    Investigator (Current Employee) Chicago, IL

    ProsIn the heart of the financial district
    Opportunity to network with member firms
    Challenging assignments

    ConsLimited opportunity for advancement
    Salary not at market rate

    Advice to Senior ManagementClearly provide the career path

    • Work/Life Balance
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    Great financial company to work for.

    Programmer Analyst (Current Employee) Chicago, IL

    ProsPrivately owned corporation. Very flexible with hours and work day-to-day tasks. No micromanaging of employees. Tasks are very straightforward and relatively easy to accomplish.

    ConsTasks can be very repetitive and mundane. Not much interaction with direct manager (good or bad). Expectations of role are not clearly defined. Sharing of knowledge is sometimes painful. Career path very unclear.

    Advice to Senior ManagementI would suggest taking advice from other companies in the financial district - keep the employees well informed, make clear career paths and promotion availability. Start to require management to live up to higher expectations and not behave like a "family" business, but more like a "top" business in "grandfathering" in management.

    No, I would not recommend this company to a friend

    • Work/Life Balance
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    CBOE is a dynamic and innovate no frills company which is an exciting place to work. CBOE has built a great brand.

    Anonymous Employee (Current Employee) Chicago, IL

    ProsPart of the financial markets and the intimate work environment as well as work, life balance.

    Conspay, low bonuses, and not a lot of room for growth. most that work there don't really leave which limits advancement and promotion potential.

    Advice to Senior ManagementPay bigger bonuses and increase pay on par with other firms in the industry

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great place to work for pay and financial possibilities. Lacks in system stability and employer-employee line-of-sight.

    Programmer Analyst (Current Employee) Chicago, IL

    ProsGreat pay. Fairly low stress. Slow learning curve. Low expectations. Firm is (currently) privately held. Downtown Chicago. Nice employee referral program. Great resume stuffer.

    It's a great "in" if you are in the Financial field or have an interest in Options and/or Stock. Lots of knowledgable people who have been around since the early days of CBOE.

    ConsPoor working relationships. Poor direct management supervision. Poor performance planning and management. Poor project management. Poor project execution. Low quality technological system.

    There seem to be serious disconnects between the average employee and the overall direction of the company. Projects are often discombobulated, hard to implement, hard to follow, hard to clean up. With multiple projects being implemented, one on top of the other, the quality of the system would seem to be compromised. The employees that have been here for a while often come across as arrogant and can be difficult to work with, requiring other employees to pry information out of them.

    Advice to Senior ManagementRemember to keep the vision and goals of the organization strong and obvious to all levels of employees at the firm and create employee engagement as well as strong career paths.

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