Gelber Group Reviews

Updated July 21, 2015
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4.3
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Brian Gelber
7 Ratings

20 Employee Reviews

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  1. Great place for ambitious people

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Algorithmic Trader in Chicago, IL
    Current Employee - Algorithmic Trader in Chicago, IL

    I have been working at Gelber Group

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Compensation is very transparent. One of the few places where a young kid could actually realistically get a bonus that is 10 to 30+ times your salary, as opposed to some other trading firms where you might get a measly fraction of your salary as bonus. For algorithmic traders, the research infrastructure is outstanding. You have all the tools you need to succeed. Very flexible work hours. Very slow employee turnover, they like to invest in their new hires and keep them for as long as possible, rather than quickly firing under-performers like some other firms. Surrounded by very talented and bright people. Great for people who are ambitious and self-motivated.

    Cons

    Experience may vary greatly depending on what group you are in. Definitely not as flashy as other firms.

    Advice to Management

    You can tell from investments in infrastructure, tech, research, and personnel that don't have clear linear payoffs that management is always thinking for 18-24 months ahead of where the company is now. Keep doing that.


  2. A respectful trading firm

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Algorithmic Trader in Chicago, IL
    Current Employee - Algorithmic Trader in Chicago, IL

    I have been working at Gelber Group full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    I read couple of reviews here and decide to share my views of Gelber. To be brief, I think Gelber is: A respectful company who invests a lot on new hires; a growing company where everyone is dedicated to their job; a fair company who provides better than average PNL cut; a collaborative company where everyone is open to help. Here are some details. 1. Market exposures: Gelber has market connectivity to all major exchanges in U.S. and EUROPE. Assets classes cover fix income, equity, commodity, and currencies. Especially a big player in Treasury and FX. Best thing I like is I have the freedom to choose the asset and market to trade. If connectivity to other exchange is needed, I believe Gelber will help me build it as long as it is proved to be a good strategy. 2. Training Program: For all new hires( discretional and algo traders), there is a well designed training program lasts about 3-month. Two senior traders help us understand markets, products and common strategies and setups that are used here. Brian Gelber, the CEO, gives weekly talks, discloses his view on the market, and makes comments on the way we trade. There are also weekly talks given by team leaders introducing their groups and the way they trade. This helps me to choose the desk that fits me best. Besides all above, we got opportunities to trade most of products & markets in simulation & live during this period. 3. Groups: are formed based on the products and time frames. Major groups are fix income, equity, equity option, fx, macro, & algo. There are some other desks run their own strategies and algo. You will have the opportunity to choose a team to join in/after the training program. 4. CEO and partners: they love their work and they work hard. If you find out they come here 6am everyday, you’d better have a good reason to come late. It is pretty often you receive email from them at midnight or weekends. They are easy going and they care about our growth. They are the banner of Gelber. 5. Team leader: My manager is a machine (in a good way). He is fair and doesn’t bring emotional bias in his decision. He is knowledgable and knows every detail of algo trading, markets and company operation. He will guide you to the right direction when you are lost. But don’t expect to get a specific project from him. It’s just not his way. It’s not fair for me to comment on other managers. 6. Colleagues: They are talents. Top tier school graduates, super-start athletes, professional poker players, and chess champions, you name it. They are dedicate to their works and know every detail of it. They are humble and willing to help. From back office to front desk, everyone is willing to provide supports as you need. Some reviews said there is little of idea sharing. Well, a senior trader’s primary task is to trade not to coach. You have to be patient and artistic to convince them to spend time on you. I learnt a lot from other traders / developers, IT team, and back office in terms of market infrastructure, order types, data base, programming, and clearing. I never expect someone tells me his strategy / setup in detail. That will take away the fun of trading. But other than that, there are always people you can ask for help. 7. PNL cut: I am not supposed to disclose it. I believe you will find it out during interviews. Based on my knowledge, Gelber provides a better than average cut (if not the best). 8. Besides work: Free gym pass to new traders. Poker tournaments, tickets to ball games, football / soccer / basketball league, quarterly gathering / dinner. (Unlike other “good” companies, we don’t provide free lunch other than Wednesday. But remember we have better cut than them. ) Overall, if I wouldn't be a successful trader in Gelber, I don’t see myself be successful at any other trading firms.

    Cons

    I'll post if I find any.

    Advice to Management

    Keep the way you are.


  3. trader

    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at Gelber Group full-time (Less than a year)

    No opinion of CEO
    No opinion of CEO

    Pros

    great people/culture. nice office.

    Cons

    unclear expectations. little guidance from senior traders/management. little idea sharing between groups.

    Advice to Management

    communicate expectations better to younger traders


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL

    I worked at Gelber Group

    Pros

    -not micro managed, freedom to work when is best for you and only need to check in with management periodically -lots of bright employees and experienced traders

    Cons

    -not a lot of support for developing new trades -lots of people trading the same model -not easy to find work with other employees and pool ideas


  6. Good Starting Point For Trading

    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Gelber Group

    Pros

    They have been around a long time. They are involved in multiple types of trading. They offer lots of freedom, and management is generally pretty nice and helpful.

    Cons

    A couple of the traders there have made a career off of stealing others ideas and that has caused a lack of idea sharing.

    Advice to Management

    Reward idea sharing.


  7. Great Internship

    Former Employee - Intern
    Former Employee - Intern

    I worked at Gelber Group

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Real experience trading in the markets, friendly and approachable CEO

    Cons

    Not much direct guidance, tough pay scale for starting out if you move on to full time


  8. Helpful (2)

    No Structure or Support, Dysfunctional Management Structure

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Former Employee - Trader in Chicago, IL

    I worked at Gelber Group full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    -CEO is passionate about trading and the markets -Ability to trade live markets in short amount of time -There are some really bright/good people -Small base pay

    Cons

    -They will not teach you anything other than the extreme basics of trading -They preach putting traders in 'best fit' groups and situations but fail at doing so - Certain managers are extremely negative towards their traders, uninvolved, and narrow minded as to how to make money in the markets -The CEO preaches diversity of thought and uniqueness in his traders (trading style and personality) but many of his managers actively inhibit their traders ability to do this as they will reprimand you for not adhering to the one style fits all approach of the group (even when this is not a profitable approach for most traders) -While the small base salary is nice for a prop shop, you still have to cover your entire salary and unusually high costs before one can start taking a portion of his/her earnings -They still fee their traders as if their technology is a huge edge when it clearly is no longer an edge at all -Other than down side protection and office space, there is no real benefit or competitive advantage the firm offers above trading one's own account

    Advice to Management

    Get more involved in the weeds and find a way to get genuine feedback from your traders


  9. Helpful (1)

    Good place to work, but low pay

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

    I have been working at Gelber Group full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    -Relaxed atmosphere -Extremely nice and knowledgeable people -Cheap health insurance

    Cons

    -Significantly lower pay than other prop trading firms -No 401k matching -No help with the cost of a public transit pass

    Advice to Management

    Raise pay to match or beat competition


  10. 2 years as trader

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Prop Trader in Chicago, IL
    Current Employee - Prop Trader in Chicago, IL

    I have been working at Gelber Group full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    -provide autonomy for traders to express ideas -people are great -very easy to interact with upper management -management generally open to ideas

    Cons

    -pay scale can be tough to work with -very limited benefits -some groups have so much freedom there is almost a lack of leadership


  11. Great experience trading in live markets.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Gelber Group

    Pros

    Given tools to learn and use at own disposal.

    Cons

    Must be a self-starter all the time.

    Advice to Management

    N/A



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