Options Clearing Corporation

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Options Clearing Corporation Reviews

Updated February 22, 2015
Updated February 22, 2015
20 Reviews
3.4
20 Reviews
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Michael McClain
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Employee Reviews

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  1.  

    Options Clearing Corporation in Chicago with secondary office in Fort Worth. Non profit company with no competitors.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Worker in Fort Worth, TX
    Current Employee - IT Worker in Fort Worth, TX

    I have been working at Options Clearing Corporation full-time (more than 5 years)

    Pros

    IT is heart of company that pushes trading option orders through the pipes. Consistent bonus program and easy to trade comp days for off hours work. Bread and butter are stable and proven applications that settle the options. For this year, full employer paid medical insurance, but, talks that will end soon.

    Cons

    Nonprofit model and no real product distracts team motivation. Strict remote work policies unless it's an off hours emergency and the company needs you. Fort Worth office needs updating.

    Advice to ManagementAdvice

    Stop reducing worker benefits
    Do reduce rate of changes affecting IT work processes
    Somehow show there's a product that everyone is contributing to

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Standard corporate office atmosphere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Business Analyst in Chicago, IL
    Former Employee - Business Analyst in Chicago, IL

    I worked at Options Clearing Corporation

    Pros

    Everyone is pleasant to work with. They offer a good benefits package and they're in a very convenient location in Chicago

    Cons

    If you're okay with dull gray cubicles and never conversing with your coworkers, then this is a good place for you. Not a very mind enriching atmosphere

    Advice to ManagementAdvice

    They generally do a decent job. Not a whole lot to complain about

    Recommends
    Positive Outlook
    No opinion of CEO
  3.  

    Strong Business, Culture, People and Ethics

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Contractor - Systems Analyst in Chicago, IL
    Current Contractor - Systems Analyst in Chicago, IL

    I have been working at Options Clearing Corporation as a contractor (more than a year)

    Pros

    Good leadership, helpful and extremely talented people, culturally and ethically strong

    Cons

    Sometimes very stressful, workload and superficial deadlines

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    A great place to work!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consultant in Chicago, IL
    Former Employee - Consultant in Chicago, IL

    I worked at Options Clearing Corporation full-time (more than a year)

    Pros

    Great corporate spirit, with everyone pulling in the same direction.

    Cons

    Promotions were a bit limited given the relatively small size of the company.

    Advice to ManagementAdvice

    Keep up the good work!

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Great company

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

    I have been working at Options Clearing Corporation full-time (less than a year)

    Pros

    They treat you like one of the family. Great benefits and great work atmosphere. Enjoyable work, making you feel you truly make a difference each day. Good charitable company with fun ways to donate to charity. Good employee events.

    Cons

    Little more privacy in workspace. Should have more offices and less cubicals.

    Advice to ManagementAdvice

    Some positions do not have as much growth opportunities as others do. Better skills training would be nice.

    Recommends
    Positive Outlook
    No opinion of CEO
  7.  

    Small financial company.

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

    I have been working at Options Clearing Corporation full-time (more than a year)

    Pros

    Great work life balance, good compensation.

    Cons

    The company is adjusting to much greater oversight and government regulations.

    Recommends
    Neutral Outlook
    No opinion of CEO
  8.  

    Good place to start your career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Anonymous Intern in Chicago, IL
    Current Intern - Anonymous Intern in Chicago, IL

    I have been working at Options Clearing Corporation as an intern (less than a year)

    Pros

    Friendly staff
    Relaxed environment
    Good benefits
    Open door policy(ask as many questions)

    Cons

    Need more projects
    Not always busy for interns
    Can get boring sometimes

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  9. 2 people found this helpful  

    It's all who you know in the company. If you don't know higher management don't expect promotions or bonus.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Services Analyst in Chicago, IL
    Current Employee - Applications Services Analyst in Chicago, IL

    I have been working at Options Clearing Corporation full-time (more than 5 years)

    Pros

    As long as you don't suggest any new ideas and don't recommend new technology or approach to handle the requirements you are ok. Otherwise, they will give you a warning for bad communications.

    Cons

    This company is running a family business type atmosphere. Promotions and bonus will be given to insiders only. If you are new, don't know higher management and not able to get into insiders group, you don't get anything except frustration and harassment.

    Advice to ManagementAdvice

    Be open for new suggestions and fresh ideas. Stop terrifying and harassing employees with micro-management rules and regulations.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  10.  

    I like the people and environment, good place to learn and intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Intern - Applications Services Intern in Chicago, IL
    Current Intern - Applications Services Intern in Chicago, IL

    I have been working at Options Clearing Corporation as an intern (less than a year)

    Pros

    relaxed working environment with solid work experience that makes you an attractive applicant after graduation. The work options there are diverse enough to satisfy almost any college student. I recommend applying for this internship

    Cons

    If you do not attend De Paul it might be had to get the position as an intern. The company has a strong bond with the school and seems to prefer their students.

    Advice to ManagementAdvice

    Keep up the good work

    Recommends
    Positive Outlook
    Approves of CEO
  11.  

    Gool ol' boy environment where you are rarely recognized for hard work

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

    I worked at Options Clearing Corporation full-time (more than 3 years)

    Pros

    Free medical insurance for your entire family and good work/life balance.

    Cons

    People are promoted at OCC for who they know and not what they know or how hard they have worked. Communication between the Dallas and Chicago offices is lacking at best.

    Advice to ManagementAdvice

    Get some of the dinosaurs out of management that have been there for 20-30 years and replace them with knowledgeable people for those areas - not with people who are friends with the dinosaurs.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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