Investment Technology Group

  www.itg.com
  www.itg.com
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Investment Technology Group Reviews

Updated September 18, 2014
Updated September 18, 2014
68 Reviews
3.1
68 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Investment Technology Group President & CEO Bob Gasser
Bob Gasser
12 Ratings

Review Highlights

Pros
  • Work-life balance is better than most but it means there is less work than really needed for the amount of people (in 9 reviews)

  • Good people - I know that's a cliche here, but the people are funny and fun to be around (in 4 reviews)


Cons
  • Doesn't seem to be clear direction from senior management (in 4 reviews)

  • There were not many roles that had potential for me to move into, and even in my own role, I had a hard time asking for more challenging work (in 2 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Summer Anaylst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Investment Technology Group

    Pros

    Good access to senior management

    Cons

    not to much work to do

  2.  

    Seems to be on the right track with the new direction

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Investment Technology Group full-time for more than 3 years

    Pros

    "Just right" size - not too big, not too small, work with very smart people, offices are great

    Cons

    Leadership can be a bit vague with evaluation metrics and it seems that there is not 100% buy-in to the new vision

  3.  

    Leader in trading technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President  in  New York, NY
    Former Employee - Assistant Vice President in New York, NY

    I worked at Investment Technology Group full-time for more than 3 years

    Pros

    ITG is leader in the trading technology. Lots of smart, hardworking, supportive colleagues. It helps to have a reputable firm on your resume
    Depending on which product groups you for there is room to be creative in designing new trading solutions
    Relaxed culture compared to most Wall Street firms

    Cons

    There are far too many reorganizations
    Doesn't seem to be clear direction from senior management
    Difficult to move up or into a new role
    No formal training for new inexperienced hires

    Advice to ManagementAdvice

    Try to restructure as little as possible. Its very disruptive to the everyone's work and moreover its very confusing when changes are not well communicated. Try to take more advice from the lower level employees and middle management to really understand the internal issues better.

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Currently rebuilding and content with low quality workers and compensation

    • 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 Investment Technology Group full-time

    Pros

    Easier work-life balance. Many new interns/hires recently graduated bring new energy. Allows the company to re-energize the company. Nice new office. Some benefits but mainly for the benefit of new hires (i.e. ends after the summer interns leave). Most status-quo old guard employees are gone. New exciting products in multi-asset to keep up with the industry.

    Cons

    Easier work-life as there is less work to do. People are slightly jaded or learned from existing culture to leave at 5.30pm, at the lastest. HR strategy to continually hire new interns to replenish whoever is able to leave is needed for that reason. They know people will leave so they overstock some groups prone to higher turn-over. They are content with letting smart people leave so they can replace with cheaper new hires. They are content to keep someone who does a request in 4 hours instead of paying more for that person who can think objectively and write a script that does it in 10 minutes. That is understandable if they don'y have the money, however, with this strategy they should keep the new hires as they move up in the company as they are still cheaper than the old employees they replace but they still do not pay anywhere close (~20+) away from market rate. Then that leaves a lot of low quality personnel who have no where else to go that stick around. Some "fake it until you make it workers" are still around but the company can help moral with better performance evaluations and actually tying performance to compensation. Then everyone will know those workers are paid according to their low work ethic. No more cronyism hires like a friend from college put in charge of a computer system with no programming experience. Those workers will never get fired as they're wiling to take their lower than average salary and HR will not fire currently as no layoffs appear to be on the horizon. Leaving these low quality people around bleeds into everyone else around them to lower their productivity. I know it has affected myself. No more real bonuses anymore. Only regular low single to low double digit % bonuses. Benefits always coincide with new summer interns. Everything disappears once they're gone. Nice new office doesn't mean much after the first month when you don't combine it with the auxiliary benefits that usually come with the startup/finance atmosphere - i.e. food,on-site gym,etc. "Volunteer" charity events are pseudo mandated for managers to set up. It is one thing to organize a charity with interested people, but another to try to "highly encourage" managers to plan an event and force feed collegial bonding. Software hasn't been updated in awhile. The software developers who designed the system in the late 90's are still around and haven't updated their programming skills. A lot of infrastructure built on old software that they are afraid and don't want to update for fear of losing their competitive advantage as experts for the system they built. Developers slow roll a lot of projects and over-sell how much work they really do.

    Advice to ManagementAdvice

    Add more benefits and compensation to high achievers. Fire the low quality people who fire fight issues bouncing from one hole to another rather than fix issues before they happen. Hire new tech or new technology management that know how to affect change. Bleeds low morale into other people after awhile when everyone figures out who the high and low achievers. If you can't/won't with the new normal bonus levels, add more "startup" benefits for everyone including gym, healthy breakfasts, lunches dinners, rewards such as basketball tickets for employees of the month or hockey or baseball game outing for a group with best successful project (that's how you do team building and incentivize if you don't have the money for bonuses), pay for career enhancing courses such as programming in new language or technology, any outings such as run clubs, softball, etc instead of just for new hires. Pay to keep the new hires. Waste to attract talented graduates and then let them leave after two years as they are smart enough and able enough to find another job. Replacing new hires with even newer hires is not the strategy. HR stuck in old HR schemes of asking brain teasers (how many jelly beans in the jar) as experience level of HR is younger. Old HR tactics such as exploding offers, time limits can be ignored, if the manager already picked you, high change that is an empty threat by HR.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6.  

    Just OK

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President Research Sales  in  New York, NY
    Former Employee - Vice President Research Sales in New York, NY

    I worked at Investment Technology Group full-time for more than a year

    Pros

    The atmosphere is relatively upbeat, at least on the sales & trading floor. A handful of smart guys sprinkled amongst a mix of fairly hard working younger people.

    Cons

    Not impressed with the leadership. Quality of the research product fluctuated wildly, although the energy research was consistently impressive. The legacy Majestic research has plenty of room for improvement.

    Advice to ManagementAdvice

    Cut the BS & politics out of the business and focus on being a top flight service provider.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  7.  

    Senior software engineer

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

    I have been working at Investment Technology Group full-time

    Pros

    friendly atmosphere, good work/life balance

    Cons

    must be ready to be on your own mostly. Limited room for growth

    Recommends
    Positive Outlook
    Disapproves of CEO
  8.  

    a company going down

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

    I have been working at Investment Technology Group full-time for more than 5 years

    Pros

    flexible environment, 18-day vacation at start, nice colleagues.

    Cons

    Almost no bonus in the recent years.
    Upper managers are lack of vision of the market.
    Promotion and bonus is not related to your work contribution.

    Advice to ManagementAdvice

    You want to survive in this market, then you need to keep the talents by giving competitive compensation.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    Not terribly inspiring or rewarding

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

    I worked at Investment Technology Group full-time for more than 3 years

    Pros

    Good people - I know that's a cliche here, but the people are funny and fun to be around. Everyone is a bit jaded, but they try hard and care.

    Cons

    You either work for love or money - you're not going to get either of those in ample supply here. Company is not respected in the finance community, and management is third tier (sorry guys).

    Advice to ManagementAdvice

    It feels like you plugged the holes on a sinking ship, so keep it up. I just can't recommend my peers to invest years working here knowing its a cul-de-sac job.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10.  

    Easy Workplace but not easy to move up in company

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

    I have been working at Investment Technology Group full-time for more than 3 years

    Pros

    Learn alot about different areas of Finance. Meet alot of nice people. Free food and lunches alot. Great vacation time.

    Cons

    Glass Ceiling workplace. Stuck in role for a long time. Not alot of chance for a raise.

    Advice to ManagementAdvice

    Speak more with lower level employees on a one to one basis.

    Neutral Outlook
    Approves of CEO
  11.  

    Internship

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

    I worked at Investment Technology Group as an intern for less than a year

    Pros

    Good people, nice and collegiate environment

    Cons

    Sometimes unorganized and a lot of management changes

    Recommends
    Negative Outlook
    Approves of CEO

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