Investment Technology Group Reviews

Updated July 25, 2015
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3.2
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Investment Technology Group President & CEO Bob Gasser
Bob Gasser
21 Ratings

Pros
  • Work-life balance is better than most but it means there is less work than really needed for the amount of people (in 12 reviews)

  • Good people, nice and collegiate environment (in 4 reviews)

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

  • Benefits are slashed without warning (in 2 reviews)

More Pros and Cons

84 Employee Reviews

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  1. Helpful (3)

    Sinking ship

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

    I have been working at Investment Technology Group

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Decent hours, most people work 40 hr weeks and do not try very hard. Some groups are well respected on the street (TCA, Algos).

    Cons

    This company has been in steady decline over the past few years. Many of the lower level people are smart and capable, but are treated poorly (particularly tech people and programmers) with below industry salaries and no career path within the company. They rarely promote from within. They also have a bad habit of moving new hires to different groups than they were offered (front office -> middle/back office). Management is relatively directionless and blame the decline on volumes, but there is little sign of the company turning around. Big round of layoffs in July 2011 and likely more to come.

    Advice to Management

    Play to the strengths of the company and get a better sales staff to push the products. This is a technology company that doesn't treat its tech employees well, no wonder it's struggling.


  2. Helpful (1)

    Not organized, technically week company.

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

    I have been working at Investment Technology Group full-time

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Good money, relative to others.

    Cons

    Unstable (fired a lot of workers in short period of time).


  3. Helpful (1)

    heads up

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

    I have been working at Investment Technology Group

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Very laid back, easy pay

    Cons

    Constant restructuring, not a stable company


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  5. Helpful (1)

    Stay Away.

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

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

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

    Pros

    Some very friendly and smart people work here. The work is exciting, and there is a lot to learn.

    Cons

    Lay offs every year Petty Human Resources team All round, if you want to be treated like you don't matter, and deal with the whims and fancies of the upper management who have new ideas every year to let go of the most talented and loyal employees, go for it.

    Advice to Management

    Please fix your attitude and value your employees.


  6. Helpful (1)

    Great job, great team, great environment, then suddenly redundant.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Current Employee - Anonymous Employee in Melbourne (Australia)

    I have been working at Investment Technology Group

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

    Pros

    Excellent, skilled people and supportive environment.

    Cons

    Frequent and poorly considered redundancies. Staff treated like office equipment that can be relocated or disposed of on a whim.

    Advice to Management

    For long term growth, actually invest in staff and hardware - artificial boosts to the share price will only fool the market for so long.


  7. Helpful (1)

    A company that could be the best if they knew their employees better

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

    I worked at Investment Technology Group

    Doesn't Recommend
    No opinion of CEO
    Doesn't Recommend
    No opinion of CEO

    Pros

    ITG was very convenient to where I was living. It was centrally located in the middle of midtown manhattan and convenient to get to from all aspects of the city (right outside of grand central station). even when the weather was very poor, you could go through the bear stearns building to end up right across the street from the office building.

    Cons

    Management was very unfair when it came to promotions. It felt that they promoted members of the team based on ethnicity, not skill and ability. There was a lot of favoritism in the company, so if you became very good friends with the management outside of the company, you were given a lot of 'extra assistance' inside the company.

    Advice to Management

    Treat the employees fairly. There is a lot of people talking behind the backs of each other and that is not how a company should be run. A company where the employees are happy is a place where a company can prosper, get larger and wealthier. Look at google and AOL...their employees love working there because the management style is much fairer. We are working many hours (above the standard 40) and sometimes when we are coming in at 3am, we are still expected to get back into the office at 6am. sometimes, we don't even leave until 5am, or maybe even stay there overnight.


  8. Hard-work not recognized and appreciated

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

    I have been working at Investment Technology Group

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Flexible schedule and open atmosphere

    Cons

    Poor compensation, low bonuses and no appreciation of hard work...

    Advice to Management

    Stop stuffing your pockets and share the wealth


  9. Management is out for themselves

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

    I have been working at Investment Technology Group

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Prior to the recession, the company was really trying to grow in the electronic trading market. They have a true niche in the market with solid product/service offerings.

    Cons

    The company leadership has no idea how to keep the company afloat. Some MDs are more concerned with being friends with the people they manage than being mentors. They keep cutting our benefits.

    Advice to Management

    Value your employees more. Stop cutting the business and expecting it to grow. Stop paying yourselves and cutting pay to your employees.


  10. Helpful (1)

    The epitomy of politics.

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

    I worked at Investment Technology Group

    Doesn't Recommend
    Doesn't Recommend

    Pros

    The company has good benefits and easy access to transportation. The salary schedule appears to be all over the place but new employees are paid within a fair range.

    Cons

    From the top down the entire organization is a nest of politicians. If you are not accepted in the political circle, your options are limited at best, non-existent at worst. Existing, long-time employees, are not paid up to what the market bears; Basically, they are taken advantage of.

    Advice to Management

    Tear down your walls and your silos. Train your managers to focus on the problems, not the people and their affiliation with your political clic.


  11. Helpful (1)

    Novice executive management team - There is a reason Goldman Sachs is the standard in innovative management.

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

    I worked at Investment Technology Group

    Doesn't Recommend
    Doesn't Recommend

    Pros

    The quality of people below the Director level! They are the best and management should get no credit for it. They are collaborative, fun and innovative when allowed to be. The little true strategic direction for the company comes from them in grass-roots efforts due to the absence of strategic planning from executive management.

    Cons

    Executive management is as aimless as a new MBA graduate from a no-name university. In the face of trying economic times, the strategic direction is to blame the "outflows" and market conditions, reduce staff, reduce benefits, and reduce customers. Instead of growing and utilizing the key resource Mr. Gasser touted in his appointment to CEO, "intellectual capital" was just a buzz phrase used to capture the imaginations of apathetic board members and cull them into a directionless future of reoccurring stock lows. My advice to prospective employees, take the job when offered, but don't consider it a career move. And keep your resume updated.

    Advice to Management

    There is no advice that will help this pile of managers. My advice is to stock holders and it is to either sell ITG or organize and demand accountability from the board and corner office. In Ray's days, this was not necessary.



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