Kershner Trading Group

  www.kershnertrading.com
  www.kershnertrading.com

Kershner Trading Group Reviews

Updated October 19, 2014
Updated October 19, 2014
14 Reviews
3.0
14 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Andy Kershner
5 Ratings

Employee Reviews

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  1.  

    Good place for those innovative hard workers

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

    I have been working at Kershner Trading Group full-time (more than an year)

    Pros

    You are trading company money for a split of the profits you make based on your decisions. Profit potential is very high and capital is much less of an issue here than at other firms

    Cons

    Tech team can be difficult to work with. Updates are useless or nonexistent. Turn around time for issues can range from instantly to years depending on the issue. Some things just aren't worth bringing up which is a huge shame. Very difficult for new traders to get started although this is not a company specific issue

    Advice to ManagementAdvice

    Let your traders know what's going and try to fix their issues. Stop being slaves to laziness and outside factors

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Kershner Trading Group

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

    I worked at Kershner Trading Group

    Pros

    Great work atmosphere and lot of opportunities

    Cons

    Hard to make it through

    Advice to ManagementAdvice

    Give more time to newly traders and more programs!

    No opinion of CEO
  3.  

    Lower tier trading firm

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Equities Trader in Austin, TX
    Current Employee - Equities Trader in Austin, TX

    I have been working at Kershner Trading Group full-time (more than an year)

    Pros

    A lot of freedom at the company. Potential to make money (but no way to cultivate it properly). Great city and work hours.

    Cons

    Lack of trading culture; thus, many traders choose to trade from home. Dark and unlit trading floor (bad on eyes). New trader training is terrible. Mentors are hit/miss, but mostly miss. Company seems to hire in quantity versus quality. Very expensive desk fees. Technology team has an ego despite developing mediocre software. Virtually zero experienced trader to developing trader interaction. New traders are stuck in their own corner of the trading floor, while the experienced traders typically stick with each other

    Advice to ManagementAdvice

    Have a real training program, instead of overselling mentorship on the company website. Lower desk fees. Promote culture & interactivity on the entire floor. Revamp the technology team or hire a technology officer without ego.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Long long way to go.

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

    I have been working at Kershner Trading Group full-time (more than an year)

    Pros

    They have been in business for a long time. The guys are easy to deal with. The guys have the interests aligned with yours, but that is about all.

    Cons

    Too long to list. Average technology, average support, no learning, no guidance, and no environment to improve once your old stuff stops working.

    Advice to ManagementAdvice

    Merge with some better options out there.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    Lacking capabilities to succeed in the competitive world of equity trading

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

    I worked at Kershner Trading Group full-time (more than 3 years)

    Pros

    Rewarding work, but if you can do it here, you can do it anywhere. The offices are nice, but then those were set up in glory days of stock market trading.

    Cons

    no growth, limited capital, poor management, idea exhaustion, low morale, egos!!

    Advice to ManagementAdvice

    Call it a day! Hang in the towel. The markets are changed and the leadership clearly belongs to other firms.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    pretty good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Developer in Austin, TX
    Former Employee - Quantitative Developer in Austin, TX

    I worked at Kershner Trading Group full-time (more than an year)

    Pros

    salary and bonus is good

    Cons

    If you don't have trading talents, that would be tough

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Lots of better options

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Equity Trader in Austin, TX
    Current Employee - Senior Equity Trader in Austin, TX

    I have been working at Kershner Trading Group full-time (more than 3 years)

    Pros

    large offices, experienced traders who have done well in the past, but are going the way of dinosaurs in the industry. Support for developing automation.

    Cons

    The firm is dependent on its traders "finding" the next best way to make money in the markets. You are left on your own. The firm's management is living in its past. They say they will help develop software to support your trading which is a pipe dream since if you have something of value, why would you want to share it with a company that VIRTUALLY OWNS YOU.

    Advice to ManagementAdvice

    Rethink the strategy. Help traders become more profitable. Be willing to take more losses. Nobody who can make money in the markets is going to stay at this outfit, when there are several pedigreed options in the marketplace.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  9.  

    A great learning experience into the world of equities and hard work

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

    I worked at Kershner Trading Group full-time (more than an year)

    Pros

    great state of the art facility
    complete autonomy of your schedule
    trade what and how you want
    no personal financial liability
    good leverage if you can earn it

    Cons

    no training!!!
    no exit opportunities if you fail in any other finance field
    very expensive fees that can make it hard to earn a living

    Advice to ManagementAdvice

    With the money that's lost in trades, you can use that amount to invest in a training program that promotes good risk management and team work to search for opportunities. Kershner offers great value for many but is short of a recognized program because of its failure to appropriately breed talent.

    Doesn't Recommend
    Negative Outlook
  10.  

    No Salary, Only Performance Based Pay

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Equity Trader in Austin, TX
    Former Employee - Senior Equity Trader in Austin, TX

    I worked at Kershner Trading Group

    Pros

    One of only a few places that will allow someone with relatively modest background and education trade a multimillion dollar account.

    Cons

    The learning curve to become a successful trader is very steep, and it is usually unrealistic to start from scratch and learn to make enough to survive on without running out of money or giving up.

  11.  

    Not so great

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Senior Equity Trader in Austin, TX
    Former Employee - Senior Equity Trader in Austin, TX

    I worked at Kershner Trading Group

    Pros

    At Kershner you have oppurtunity to learn about the stock market and get all you licenses, you also have pretty good work hours.

    Cons

    The pay is performance based so especially at the beginning you must be prepared to make no money and as you learn the job actually dig yourself a hole

    Advice to ManagementAdvice

    I would advise management to try and establish a better training program for newbies. Maybe allow for a longer period before actually trading.

    Doesn't Recommend

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