Schonfeld Group

  www.schonfeld.com
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Schonfeld Group Reviews

Updated Jul 10, 2014

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All Employees Current Employees Only

3.0 10 reviews

25% Approve of the CEO

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Steven B. Schonfeld

(4 ratings)

38% of employees recommend this company to a friend
10 Employee Reviews
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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Good learning experience BUT.........

    Senior Equity Trader (Former Employee) New York, NY

    ProsGood people to work with. Nice office and location. Basic training in equity trading.

    ConsNo perks whatsoever! No IRAs, you have to pay out of pocket for health benefits.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Traded equities

    Proprietary Equities Trader (Former Employee) Jericho, NY

    ProsThey used to give their traders a lot of ability to make good money, trusting them to find opportunities and take a nice amount of risk.

    ConsThey have chosen to put over 95% of their resources towards quant based systems.

    Advice to Senior ManagementLoyalty to your traders should have been high on your list of priorities since it was traders that built your firm.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Not Bad

    Proprietary Equities Trader (Current Employee) Jericho, NY

    ProsGives a fair shot and chance and time to prove yourself.

    ConsPayout structure forces one to take more risk. But watch out from going in a hole. Buying power gets cut and tough time to come back. Also a percentage of monthly gains goes to pay for the hole your in.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    Not a good place to grow

    Anonymous Employee (Former Employee) New York, NY

    Prosrelaxed working environment, nice coworkers, good life work balance. company used to have lunch allowance, bu I don't know now.

    Consbad management, lower salary standards compared with others, company is downsizing and have little growth opportunities. It's more like family and friends business in management level.

    Advice to Senior ManagementNot much, because they don't want to achieve much either. They probably look forward to retiring any way and couldn't care less.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    day-trading US equities. main strategies: relative strength vs futures and breakouts

    Equities Trader (Former Employee) Raleigh, NC

    Prosday-trade more a lot of capital. if successful, can be raised in capital 2-3 fold in a year.

    Consif not out-performing peer group, hard to get capital raises. only get to take home 20% gross revenues/month. another 9% deferred over the next 2 years.

    Advice to Senior Managementrequire much more training. can't expect traders just to "learn" it on their own. need more guided training.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Fun but tough $

    Equity Trader (Former Employee) New York, NY

    ProsFlexible hours... If you are having a good day you can leave with the money you earned and not ocme back till the next day or even next week depending

    Consstart out making nothing.. the draw is low and really need to do well fast to be happy here good luck

    Advice to Senior Managementpay more, care more, its tough on us and some of them make so much but still it is what it is

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

     

    not what it used to be

    Trader (Former Employee) Nyack, NY

    Proslots of capital to trade

    Consmgmnt doesnt want to develop traders anymore

    Advice to Senior Managementgo back to 1999 where you came from

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Intern

    Equity Trading Intern (Current Employee) New York, NY

    ProsIt was a fun internship where I was able to learn a lot about the stock market. I really liked it.

    ConsThey don't help you much as you tend to be off on your own plenty. It was still a great internship just wish there was more help.

    Advice to Senior ManagementHave a mentor with the interns so they can learn more and when they have questions there is a specific person to answer that for them

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Honest Feedback

    Proprietary Equities Trader (Former Employee) New York, NY

    ProsSchonfeld is a good place for experienced traders looking for higher payouts and having a strong track record (i.e. profitable). The place is extremely flexible. Schonfeld is one of the oldest proprietary trading firm.

    ConsThe firm provides a very minimal base salary for new traders. The work environment is unprofessional.

    Advice to Senior ManagementThe firm should provide higher compensation structure for its employees and allowing more learning opportunities.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Trader

    Anonymous Employee (Former Employee)

    ProsIf you were good at trading, the potential was limitless. You are given everything needed to succeed. Great proprietary software.

    ConsThere is less than a 10% success rate in this industry. The company and internal cuts are evident of that.

    Advice to Senior ManagementGreat management. They did what they had to do to keep operations lean. Only the best are left in the company.

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