PEAK6 Investments Reviews

Updated July 27, 2015
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2.6
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Matthew Hulsizer
49 Ratings

Pros
  • There are plenty of smart people and not too many jerks (in 12 reviews)

  • Good benefits, decently easy to take time off (in 8 reviews)

Cons
  • discretionary bonus) to their extreme benefit (in 3 reviews)

  • Career progression opportunities for middle management are limited (in 3 reviews)

More Pros and Cons

75 Employee Reviews

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  1. Helpful (2)

    Bright people, entrepreneurial management

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Director in Chicago, IL
    Former Employee - Director in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at PEAK6 Investments full-time (More than 3 years)

    Pros

    Partners and senior management are all best in class. PEAK6 is a data driven organization and decisions are made with logic not emotion. Also, the organization manages risk very well which is critical in the trading industry. The company is innovative and never looks to stay stagnant. The founders regularly seek out new opportunities so employees can look forward to their jobs always growing. Overall a great place to work for those that value ownership, accountability and change.

    Cons

    This is not a 'touchy feely' company from an employee perspective. Given really high standards, don't expect a pat on the back for success. The bar keeps getting higher so pushes employees to keep growing.

    Advice to Management

    Great company which I highly respect. Just try to spend a little more time with employees directly and make them feel a bit more valued rather than being solely transactional.

    PEAK6 Investments Response

    Aug 13, 2015 – President

    Thank you for sharing your thoughts. We appreciate your kind words for our management team and are happy to hear that you felt PEAK6 was a great place to work. We really value every person’s ... More


  2. Helpful (16)

    Hope to help future candidates make an informed decision about joi

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    I worked at PEAK6 Investments full-time (More than 5 years)

    Pros

    Peak6 has a very nice and modern office space full of the owner's personal paintings, statues and other belongings. There is a small kitchen with two nice fridges, one for employee storage and another filled with company provided soda's, yogurt and other goodies. Some remaining good people and that is pretty much it!

    Cons

    This section is where I will spend most of my review of my years of service and all the observations myself and many others before me have gathered. My hope is to have potential candidates skip Peak6 as their employer and look else where after reading this review and the slew like it below! The company is controlled by two owners followed by a group of tight nit partners and then a small group of micro partners scattered across their many business's. Next is a group of middle managers that are either direct friends or directly friends of friends of someone above. I stress this point because anyone looking for a management role in this place needs to understand that THERE IS NO CAREER PATH here! The middle manager's are "yes" men to the technology CTO whom I can only cover in a paragraph dedicated to them below and the partners above them. The tech organization functions like a person with severe ADD. One day they will make a plan to build a system consisting of such and such technologies only to change their mind mid project and deflect on everyone around them when things go bad. Now to speak to the point of things going bad. I have never seen so many production issues, hardware failures and over all chaos in any place I have ever worked. Due to the lack of planning and then constant changes in requirements leading up to release day, the company stumbles on a day to day basis and does absolutely nothing about it! The tech stack is like a playground for the CTO and the business as they constantly tell people what and how things should be done even though they are not hands on. This is what makes working at peak6 that much harder. The ONLY opinions that are listened to are the CTO's and the managing business partners. The rest of the remaining employees are puppets and just a means to an end. They will not hesitate to lower moral, talk down and make employees feel useless on an everyday basis. Most of it is done via body language such as eye rolls, looks to one another and shaking of heads. There is no work life balance what so ever as most people are required to work early, stay late and then fix constant production issues into the late hours not excluding weekend work for infrastructure changes. There are hardly any plans and communication between groups is scattered and not accurate. The only way to really know what is happening is in the moment and become really good at being reactive. The CTO of tech is a person who has to get their way no matter what. Every productive conversation can only end one way and that is by agreeing with what they want regardless if it is right or wrong. This particular person paints the brightest picture to the partners and owners and everyone else has to suffer behind the made up stories of success. Every morning there is a stand up that turns into confusion and usually a change of requirements followed by blank stares. The company has no production support, quality assurance, real business analysts or UI developers. Their HR department has also went full circle 2 times since I worked ther. Don't believe me? Try it out and see for yourself. The developers are left to juggle their work load and become fill ins for the non-existant positions listed above. At some point those people did exist but directly left because of the tech leadership and constant fire fights caused by no planning and then changing of a non-existant plan along with the said eye rolling etc! ps. The salaries are not even on par with the competition I want to end this by saying that everyone I personally know that has been employed by Peak6 and has left is in a much better spot both financially and most importantly physically. This place just sucks the life out of people and I hope anyone reading this will think twice.

    Advice to Management

    No advice, as long as the tech and business leadership is in power there is absolutely no hope.

    PEAK6 Investments Response

    Aug 14, 2015 – CTO

    Thank you for your feedback. We care deeply about our culture, process and people, and appreciate you taking the time to share your thoughts. It is always our intent to provide our employees with ... More


  3. Helpful (2)

    Director

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at PEAK6 Investments full-time

    Pros

    Most every person at P6 is highly intelligent and the best at what they do. I learned something new on a daily basis working along side my coworkers. It was a difficult decision for me to leave P6 for a new opportunity.

    Cons

    If you are looking for a place to coast along with little to no effort, this is not the place for you. Expect a high stress level at times and even higher expectations. I

    Advice to Management

    I have nothing but respect and appreciation for management.

    PEAK6 Investments Response

    Aug 13, 2015 – President

    Thank you for your kind remarks. We are sorry that you decided to leave PEAK6, but wish you the best of luck in the future.


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  5. Helpful (5)

    Started good but structural changes turned in sour

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer in Chicago, IL
    Former Employee - Software Developer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at PEAK6 Investments full-time

    Pros

    Challenging at first Fast paced Awesome parties and bands Awesome food

    Cons

    Bad couture , managers are overpowered and manipulative , no values , managers are so nagging that it leaves your frustrated all the time. No good management for support work in technology .. Burn out due to poor management of non office hours of support . No system of feedback. Some managers literally harass on missing any thing ..

    Advice to Management

    Listen to your people. Value their time and service Parties do not make up for all burn outs ..

    PEAK6 Investments Response

    Aug 13, 2015 – President

    Thank you for your feedback. We apologize that you had a negative experience at PEAK6. We truly strive to provide each employee with a work environment that allows them to grow to their fullest ... More


  6. Helpful (4)

    Unique firm with a variety of opportunities for career growth

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at PEAK6 Investments (More than 5 years)

    Pros

    PEAK6 is always looking to invest is new opportunities across a wide array of industries. With those investments brought the chance to grow my professional skill set and work in areas that I wouldn't have had exposure to at other investments firms. The company invests in employees that deliver, adapt quickly and show strong work ethic.

    Cons

    Overall, I really appreciated that the company can quickly pivot to the changing environment but sometimes the changes seems more reactive to a small blips vs. industry changes.

    Advice to Management

    Overall, I feel the company is on a positive direction. The changes with the leadership style and introduction of more transparency has allowed the overall company feel more connected. I would recommend to continue that trend

    PEAK6 Investments Response

    Aug 13, 2015 – President

    Thank you for taking the time to share your opinions. We always strive to provide our employees with opportunities beyond the day to day and appreciate that you took on some of these challenges while ... More


  7. Helpful (6)

    Needs Focus

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Cool office space with decent people

    Cons

    comp is decent but low compared to other prop trading shops in Chicago

    PEAK6 Investments Response

    Aug 13, 2015 – President

    Thank you for sharing your thoughts. We are sorry you seem to be having a negative experience at PEAK6. On compensation, we tend to focus more on total compensation than on base salary for traders ... More


  8. Helpful (1)

    Good balance between small and huge. Financial culture without the edge

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Technology in Chicago, IL
    Former Employee - Technology in Chicago, IL
    Neutral Outlook
    Approves of CEO

    I worked at PEAK6 Investments full-time (More than 3 years)

    Pros

    Working in a few different areas/roles, there were plenty of opportunities to find something you liked. It's ok to stumble a little.. the organization helps find a role that fits you and them if you have potential. Sometimes the culture and rumors make it sound like that's not the case. It's a no non-sense and fact oriented culture, which for me was a plus. Don't expect to BS your way to success. Less cutthroat than typical financial/trading stereotypes, however. It's no startup, but you can have an impact.

    Cons

    There's a feeling that it's constantly in transition. They want to keep everyone adapting and changing.. sometimes that doesn't land for most. It's probably the root of most of the reviews here mentioning lack of focus.

    Advice to Management

    Things are trending positive. Keep making those changes and opportunities for top performers.

    PEAK6 Investments Response

    Feb 17, 2015 – President

    Thanks for your feedback. We're glad that you were able to take advantage of the diverse range of opportunities at the company and you felt supported to find the right opportunity. We are always ... More


  9. Helpful (9)

    Do NOT care about their employees.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Good technology, a few great people, beautiful office and a fully-stocked kitchen.

    Cons

    Upper management who are clueless and do not care about their employees. The office politics were absolutely ridiculous and there was some kind of restructuring every single year.

    Advice to Management

    Care about the people who make the money and don't be so greedy.

    PEAK6 Investments Response

    Feb 17, 2015 – President

    Thank you for sharing your feedback. We strive to create a great environment for employees and I am sorry you did not have an overall better experience with PEAK6. If there is anything additional ... More


  10. Helpful (9)

    Overall awful place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at PEAK6 Investments full-time (More than 3 years)

    Pros

    Decent benefits package including 401K matching (discretionary), health care, life insurance, etc.

    Cons

    1. Compensation is far below standards in prop trading. It is also very opaque so it is very difficult to know exactly all of the variables that affect your compensation. 2. Enormous paradox in how they operate. They claim to be constantly evolving and looking to develop new strategies/ideas but in reality, this couldn't be further from the truth. They have been doing the same strategy for 20 years and any idea that radically strays away from that is shut down. 3. They treat employees like garbage. People are often fired without warning and there is no severance package to soften the blow. They take you into a room for a meeting and you are not allowed to go back to the desk afterwards, not even to grab your things. You are led outside while someone from HR collects your belongings and brings it out to you. 4. Nonexistent career opportunities. No transparent path for going up the ranks. Senior management is essentially a group of friends that knew each other from college or previous firms.

    Advice to Management

    Maintain some kind of focus and treat your employees better.

    PEAK6 Investments Response

    Feb 17, 2015 – President

    Thank you for sharing your feedback. We strive to create a great environment for employees and I am sorry you did not have an overall better experience with PEAK6. If there is anything additional ... More


  11. Lots of room to learn and grow

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

    I worked at PEAK6 Investments (More than 3 years)

    Pros

    Nice perks, smart people, amazing office

    Cons

    Some things coming from the top aren't planned or thought out very well

    PEAK6 Investments Response

    Feb 17, 2015 – President

    Thanks for your feedback. I'm sorry you felt things weren't thought out well. We need to do a better job of sharing the reasons for our decisions and communicating more transparently, so it's ... More



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