Schonfeld Group

  www.schonfeld.com
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Schonfeld Group Reviews

Updated July 10, 2014
Updated July 10, 2014
10 Reviews

3.0
10 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Steven B. Schonfeld
4 Ratings

Employee Reviews

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  1.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Equity Trading Intern  in  New York, NY
    Current Employee - Equity Trading Intern in New York, NY

    Pros

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

    Cons

    They 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 ManagementAdvice

    Have 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

    Recommends
  2.  

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

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

    Pros

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

    Cons

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

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Traded equities

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Proprietary Equities Trader  in  Jericho, NY
    Former Employee - Proprietary Equities Trader in Jericho, NY

    Pros

    They 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.

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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  5.  

    Not Bad

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Proprietary Equities Trader  in  Jericho, NY
    Current Employee - Proprietary Equities Trader in Jericho, NY

    Pros

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

    Cons

    Payout 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.

    Recommends
    Approves of CEO
  6.  

    Not a good place to grow

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

    Pros

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

    Cons

    bad 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 ManagementAdvice

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

    Doesn't Recommend
    Disapproves of CEO
  7.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Equities Trader  in  Raleigh, NC
    Former Employee - Equities Trader in Raleigh, NC

    Pros

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

    Cons

    if 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 ManagementAdvice

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

    Doesn't Recommend
  8.  

    Fun but tough $

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

    Pros

    Flexible 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

    Cons

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

    Advice to ManagementAdvice

    pay more, care more, its tough on us and some of them make so much but still it is what it is

    Recommends
  9.  

    not what it used to be

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Trader  in  Nyack, NY
    Former Employee - Trader in Nyack, NY

    Pros

    lots of capital to trade

    Cons

    mgmnt doesnt want to develop traders anymore

    Advice to ManagementAdvice

    go back to 1999 where you came from

    Disapproves of CEO
  10.  

    Honest Feedback

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Proprietary Equities Trader  in  New York, NY
    Former Employee - Proprietary Equities Trader in New York, NY

    Pros

    Schonfeld 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.

    Cons

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

    Advice to ManagementAdvice

    The firm should provide higher compensation structure for its employees and allowing more learning opportunities.

    Doesn't Recommend
    No opinion of CEO
  11.  

    Trader

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

    Pros

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

    Cons

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

    Advice to ManagementAdvice

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

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