Wolverine Trading

www.wolve.com

Wolverine Trading Reviews

Updated November 2, 2014
Updated November 2, 2014
10 Reviews
3.2
10 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Robert Ross Bellick
2 Ratings

Employee Reviews

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  1.  

    Great culture

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wolverine Trading

    Pros

    Great culture
    free food
    work-life balance
    people are helpful

    Cons

    experience has been good overall

  2.  

    Current Employee

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

    I have been working at Wolverine Trading full-time (more than a year)

    Pros

    Good working environment, lots of clever people and diversified business. Lots of opportunity to develop tech skills and flexibility to experiment with different trading strategies.

    Cons

    Approach to business often conservative, under resourced tech dev. Often takes long to enter new markets due to latency with development.

    Advice to ManagementAdvice

    Need to be more aggressive with respect to technology investments.

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

    Company that cares about employees

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

    I have been working at Wolverine Trading full-time (more than 5 years)

    Pros

    Great benefits, perks and casual dress code. Flat structure that makes you feel very comfortable. Lots of very smart people.

    Cons

    I don't really have anything negative to say at this time

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    Highly paid telecommuter

    Former Employee - Software Engineer in Chicago, IL
    Former Employee - Software Engineer in Chicago, IL

    I worked at Wolverine Trading full-time (more than 10 years)

    Pros

    Management that trusts its people

    Cons

    Stressful when money may be lost as a result of your poor decision.

  6.  

    Cons outweigh the pros, depending on what you're looking for as a trader

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

    I have been working at Wolverine Trading full-time

    Pros

    A trading job is relatively stable, and seniority counts although the management will never admit it outright. They definitely take care of those who have been there since the beginning even if they never made it to principal or partner.

    Cons

    Low compensation compared to similar firms, especially if you do not have the seniority. Bonuses are entirely discretionary by the partners, regardless of actual contact with the partners.

    Some groups are "managed" by people almost entirely removed from day-to-day contact with traders/software engineers. Many of these people do not value traders with engineering backgrounds; they prefer the pit mentality.

    The company is very top-heavy and there is a low amount of opportunity to advance.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Not a great place to work at

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

    I worked at Wolverine Trading full-time

    Pros

    The free food and snacks, pretty good hours, people are laid back. It's a pretty flat structure, which I like, but that's typical for most prop trading firms.

    Cons

    I was grossly misled on the nature of the job during my interview. My actual role ended up being a significant downgrade from my previous one in terms of responsibilities. I was literally learning nothing and felt like I was wasting my time. Prop trading in general is a deeply troubled industry. If you want to develop actual transferable skills and learn in-depth about finance, economics, and business, stay away from prop trading.

    Advice to ManagementAdvice

    The annual discretionary bonus structure makes it difficult to attract and retain top talent.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  8. 2 people found this helpful  

    Great people, awful upper management

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

    I have been working at Wolverine Trading full-time (less than a year)

    Pros

    The inhouse Eatery has one of the best salad bars around. Good benefits for singles. Friendly and helpful coworkers. Sustainability within the markets.

    Cons

    The majority of really good people go unnoticed. You either have to screw up a lot or spend a lot of hours there to get noticed(nothing lie investment banking though). Upper Management is different across the company, just depends on who you fall under whether or not fairness and proper management is there.. Decisions seem to be made by a select few. the vets are easy to learn from and were really welcoming. The interview process was a little scattered. New ways of thinking aren't always willing to be heard. Review wasn't about me more about them and the firm, think I said 20 words while the person rushed thru and didn't seem to be interested in my return conversation.

    Advice to ManagementAdvice

    Pay better attention to what upper management isn't doing to retain employees, repeat and repeat. Listen more to what employees have to say because there are some people there that you don't want to lose who live and breathe the culture. The one hall of your back office people have always been attentive and friendly. I like how long your firm has been around but it may not be for me. Best of luck.

    Doesn't Recommend
  9.  

    Great owners, excellent working environment, flat structure has pros and cons

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

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

    Pros

    Owners are terrific people. Smart, engaged, and really value their employees.
    Benefits and perks are excellent. Free food in the cafeteria, full time chefs making breakfast and lunch. Expect to put that "freshman 15" back on in the first couple months!
    Flat org structure reduces bureaucracy.
    Lots of bright, hard-working people there.

    Cons

    In some instances, a lack of management leads to stasis.
    Some software developers are more concerned with job security than with production.

    Advice to ManagementAdvice

    Install a project management regime, with best practices.

    Recommends
    Positive Outlook
  10. 1 person found this helpful  

    A great place to learn the business

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

    I worked at Wolverine Trading

    Pros

    Great educational program for both beginners and senior traders make it a great place to learn the business. Fully stocked kitchen with chef, excellent benefits.

    Cons

    They describe the company as a meritocracy, but that is not the case. The majority of the bonus pool is controlled by a select few, and younger traders who are better than their senior peers spend years working their way up the ladder.

    Advice to ManagementAdvice

    Don't let your senior traders get so comfortable that they are complacent. Recognize younger talent before you lose it in order to keep the company growing.

    Recommends
  11.  

    solid shop...good people, honest

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wolverine Trading

    Pros

    good people, try to be fair

    Cons

    discretionary pay only, office politics

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