Working at Five Rings Capital | Glassdoor

Five Rings Capital Overview

Work Here? Get a Free Employer Account
New York, NY
1 to 50 employees
Unknown
Company - Private
Finance
Less than $1 million (USD) per year
Unknown

Five Rings Capital Reviews

5.0
Star Star Star Star Star
Recommend to a friend
Approve of CEO
(no image)
CEO
0 Ratings
  • Helpful (3)

    "Five Rings is Hands Down the Best Small Prop Shop"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trading in New York, NY
    Former Employee - Trading in New York, NY
    Recommends
    Positive Outlook

    Pros

    I was a trading assistant/trader at Five Rings for about a year, and I left because I got the opportunity to work on some completely unrelated problems I'm pretty passionate about. My time there was pretty exceptional--having gone through school at the top of my class, it was a pretty amazing opportunity to be at Five Rings surrounded by people smarter and more knowledgable than me. The staff is a cast of people who were at the top of their class at all of the Northeast's finest universities, and everyone there put tons and tons of effort into teaching me everything they could about all things related to trading and not. The smaller size of the firm and the fact that so much of what people work on impacts everything there definitely makes you feel a lot like the firm is a team where everyone has aligned goals and incentives, unlike a lot of trading firms where people are relatively siloed and only get to think about one problem.

    As a new hire, I got the opportunity to have tremendous impact and say very quickly in a lot of the firm's important decisions/trading strategies, which is unique--even among similar sized trading firms (I have lots of friends at small prop shops) there are a few layers of bureaucracy separating entry level employees from the people at the top. I sat within 10 feet of the firm's founder from my first day, and any ideas I wanted to share were valued as ideas on their own merit. Disagreement and discussion were encouraged. That's pretty amazing.

    Everyone at the firm is pretty friendly and open to talking about things, and people have a great sense of humor there. There's catered lunch every day (DOS TOROS DAYS ROCKED) and an awesome pantry. There also was a pretty epic NFL betting pool and an even more epic Secret Santa last year that was really fun. I became/continue to be friends with everyone I worked with there.

    Cons

    Although this doesn't really apply to me, not everyone is cut out to or wants to be a trader (one of the trading assistants hired with me decided to spend almost all his time doing statistical research instead of trading because of his preferences/skillset). The best traders by definition make lots of bad trades, and some people are not good at being willing to make/admitting to mistakes.

    Also, if you ever quit from the firm, be aware that it might break your heart--choosing to leave Five Rings broke mine clean in half.

    Advice to Management

    It wouldn't kill you to start buying more chocolate haagen dazs instead of vanilla for the freezer--literally no one likes the vanilla flavor as much as chocolate. There's a reason it's always the last one left every week.

See All 3 Reviews

Five Rings Capital Interviews

Experience

Experience
27%
46%
25%

Getting an Interview

Getting an Interview
49%
47%
1%
1

Difficulty

3.6
Average

Difficulty

Hard
Average
Easy
  1.  

    Trading Interview

    Anonymous Interview Candidate
    No Offer
    Neutral Experience
    Difficult Interview

    Application

    I applied through college or university. I interviewed at Five Rings Capital.

    Interview

    I applied through my college, and received an email about 2 months later to schedule a first round screening. It was a phone interview, and there were three parts to it. First, compliance, then behavioral, then math. For the math questions, I couldn't use a calculator or computer, but could use pencil and paper. I had 15 seconds to answer each question, which the interviewer repeated twice, and then reminded me when I had 5 seconds left. I was told that I should answer all questions within 15 seconds or it would severely impact my ability to pass the math section. There were 6 questions. I then was told that my answers would be reviewed and I would be contacted about whether I had moved on to the next round of screenings.

    Interview Questions

    • Why trading, specifically at five rings?
      Are you applying to any other internships currently?
      Do you have any pending offers?
      If not trading, what do you want to do?  
      Answer Question
See All 78 Interviews

Five Rings Capital Awards & Accolades

Let us know if we're missing any workplace or industry recognition – Add Awards

Work at Five Rings Capital? Share Your Experiences

Five Rings Capital
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or