Investment Technology Group Reviews

Updated July 25, 2015
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84 Employee Reviews

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  1. Helpful (1)

    Company review

    • 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

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

    Pros

    Work life balance. Generally relaxed environment.

    Cons

    Compensation below industry standards. Too many managers warming seats. Intermittent layoffs without warning. Not enough workers due to excessive managers and previous layoffs.

    Advice to Management

    Pay the employees fairly. Get rid of useless managers. Hire more workers who have real industry experience - not just interns and new grads. No, they will not be cheap ! Come up with a viable plan to restore the company to previous levels of profitability.


  2. 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


  3. Decent small broker

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

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Solid algo and research offerings

    Cons

    Pays are not competitive at junior levels


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  5. Helpful (1)

    Nice People, management lacks consistency

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Staff Accountant in Boston, MA
    Former Employee - Staff Accountant in Boston, MA

    I worked at Investment Technology Group full-time (More than 3 years)

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

    Pros

    People works in my group are very nice, lay back culture. Good life and work balance.

    Cons

    Management don't recognize your achievements. Hard to get promoted. The top people always changes their minds. Not sure what they are doing.


  6. 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 (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


  7. Leader in trading technology

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than 3 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    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 Management

    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.


  8. Helpful (4)

    Currently rebuilding and content with low quality workers and compensation

    • Work/Life Balance
    • Culture & Values
    • 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 full-time

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

    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 Management

    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.


  9. Helpful (1)

    Just OK

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than a year)

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

    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 Management

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


  10. Helpful (1)

    a company going down

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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 (More than 5 years)

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

    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 Management

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


  11. Senior software engineer

    • 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

    Recommends
    Positive Outlook
    Disapproves of CEO
    Recommends
    Positive Outlook
    Disapproves of CEO

    Pros

    friendly atmosphere, good work/life balance

    Cons

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



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