Getco
3.6 of 5 7 reviews
www.getcollc.com Chicago, IL

Getco Reviews

Updated Jul 8, 2014
Getco – New York – “Entrance”

All Employees Current Employees Only

3.6 7 reviews

                             

100% Approve of the CEO

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Stephen Schuler

(1 ratings)

71% of employees recommend this company to a friend
7 Employee Reviews
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    A once in a lifetime opportunity

    Anonymous Employee (Former Employee)

    ProsThis is a company that values people, teamwork and doing the right thing. It truly lives it's values. The co-founders are committed to creating a firm that will make a difference.

    ConsToo many people weighing in on decisions so delays important decisions.

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Great Place to Be...

    Developer (Current Employee)
    Chicago, IL

    ProsGETCO is full of really smart, down to earth people who all want the same things

    ConsOperating in the gray is not for everyone. Very dynamic - environment changes all the time.

    Advice to Senior ManagementGet to know what the real issues are. Perecption is not always accurate

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

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    2 people found this helpful  

    Used to be great, now just typical

    Financial Analyst (Current Employee)
    Chicago, IL

    ProsWork with some of the best and brightest
    Potential to make a lot of bonus money
    Relaxed, Google-like work environment
    Generous benefits package
    Massages on site

    ConsNew CEO brought in his own people from UBS so there has been a tremendous culture-shift going on.
    Lots of uncertainty due to the Knight merger.
    Communication has always been a weak point.
    Compensation and work life balance - their strong suits - only really exist for traders
    People's egos get in the way

    Advice to Senior ManagementCommunicate, and encourage associates to communicate with each other
    Don't diminish the culture
    Show loyalty to the Getco associates in the merger

    Yes, I would recommend this company to a friend

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    1 person found this helpful  

    Great Job, too Many Egos

    Trade Support (Former Employee)
    Chicago, IL

    ProsGreat chance to work with some of the best in the business.
    The employ a cost is no object, as long as it's profitable attitude.
    Meritocracy - Sometimes, see cons, as sometimes the Egos take over.
    Food pickup daily to keep you at your desk.

    ConsToo many big Egos vying for quarterly bonuses greater than annual salaries, and this causes a lot of stepping on toes.
    Long hours expected.
    Food pickup daily to keep you at your desk.

    Advice to Senior ManagementNone, Keep on Chugging

    Yes, I would recommend this company to a friend

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    GETCO is great!

    Anonymous Employee (Current Employee)

    ProsCulture, Intelligent People, Low Egos, Collaborative Environment

    ConsSometimes too collaborative where too many people's voice is heard.

    Advice to Senior ManagementSpread too thin.

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

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    Rough Waters

    Developer (Current Employee)

    ProsWork with great people. Great pay. Great benefits.

    ConsPressure to work long hours can disrupt work/life balance. Bonuses vary widely between people doing the same function. PnL is drying up and the environment is becoming political. Almost entirely new senior management in last 12 months. Passive agressive environment where you some seldom get direct feedback.

    Advice to Senior ManagementThe company is too big and complex now for hands-off managing. Don't be afraid to manage. Hiring really smart people doesn't mean they don't need to be managed.

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

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    Used to be a great place, not any more.

    Trader (Former Employee)

    ProsYou have the opportunity to work with many smart and interesting people. The pay was decent for the industry historically, not sure if this is still true.

    ConsGetco was successful in a very narrow range of trades and failed continuously to adapt and diversify their strategies. This was due to massively incompetent leadership. With the new CEO, it is hard to say what the future holds, but so far it does not look good.

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

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