CME Group Reviews | Glassdoor

CME Group Reviews

Updated January 17, 2018
497 reviews

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3.5
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CME Group Chairman and CEO Terry Duffy
Terry Duffy
54 Ratings

497 Employee Reviews

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Pros
Cons
  • Poor work/ life balance and challenging upward mobility (in 17 reviews)

  • Senior Management does not walk the walk that they preach (in 20 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (1)

    "Great people & cutting-edge technology"

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

    I have been working at CME Group full-time (More than a year)

    Pros

    I started as an intern in Technology. The tech internship program was the best part of the summer; Lots of opportunities to grow and learn but also social events. The technology team gives you every chance to explore the company and make an impact. The people are CME really care about one another, there’s no cut throat culture like at start-ups. It’s also a stable place to work; Too big too fail. 23 PTO days when you start, and 9 holidays—which is almost unheard of!

    Cons

    Lots of layers in management, pretty standard for a “large” company though. As long as you have a good manager supporting you, you have nothing to worry about.

    Advice to Management

    Some politics do exist, but keep listening to your employees!

    CME Group Response

    Dec 21, 2017 – CME Group Careers Lead

    Thank you for sharing your experience at CME Group. We’re glad to hear that you enjoy working on our Technology team with the friendly, talented people who work here and having the opportunity to... More


  2. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investigator in Chicago, IL
    Current Employee - Investigator in Chicago, IL
    Recommends
    Negative Outlook
    No opinion of CEO

    I have been working at CME Group full-time (Less than a year)

    Pros

    40hour work week expected, helpful people, not a stressful job, good benefits, and a good amount of paid time off.

    Cons

    Cube monkey, look at excel all day, very bureaucratic, not a lot of opportunity to advance into a different role

  3. "Great company hindered by typical 'big company' issues"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at CME Group full-time

    Pros

    Great benefits
    Talented individuals across multiple locations

    Cons

    Politics get in the way of promotions
    Too many people in senior management causing bottleneck of indecision on almost every initiative


  4. "Business Analyst"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at CME Group full-time (More than 3 years)

    Pros

    The company provides many opportunities for career and personal development, offering trainings, speakers by current authors, and workshops.

    Cons

    Some additional opportunities for management development.


  5. Helpful (1)

    "Disingenuous senior management - in need of serious changes"

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

    I worked at CME Group full-time (More than 3 years)

    Pros

    Great benefits and PTO
    Good work life balance and WFH policy
    OK base salary with a potentially great bonus
    Pension (though small, most companies really don’t even offer this)
    If you really look, you can find small groups of smart talented people
    Insanely profitable business, with little competition (really almost none at all)

    Cons

    Lots of favoritism, especially towards remote Belfast and India offices, and frustrating organizational politics. Additionally, there isn’t any transparency from upper management on how decisions are made or if there’s any data to back those decisions. These points, as well as all the “security” related policies, which just end up wrapping everything in red tape, ultimately drove my decision to leave.
    Also, there exists in CME a know-it-all culture among senior management, where they seem to bury their heads in the sand in regards to pain points and the insane bureaucracy. This attitude of “everything is great and we have no problems” results in nothing changing and all these pain points only becoming more and more painful.
    Another huge frustration is the “throw some stuff at the wall and hope it sticks” mindset, with zero accountability when projects fail and it doesn’t “stick” (and usually it doesn’t).

    From a technology perspective, lots of talk about “innovation” and “hiring the best” but that’s mostly just talk. The tech stack is a quite boring in most teams, with a few exceptions. In fact, when it comes to tech, the company is really just playing catch up at a brutally slow pace (mainly due to extreme red tape brought on by “security” measures, many of which are excessive and have nothing to due with real security).
    From a hiring perspective, the technologists that are hired tend to be picked based on either industry experience or just the gut feeling of someone with a big shot title, and rarely on the applicant’s actual technical skill. Too many hiring decisions are made from the top down.

    Advice to Management

    First, advice to one looking to possibly join the company - CME is a good place to work if all you want is a job where you can chill, do very little work, and receive a paycheck plus a pension. Depending on which team you’re on, there really could be room for growth, but if you’re ambitious and looking for a great career where you can boast about how amazing the company culture is and how the whole org operates smoothly together, and that you are constantly learning new concepts and technologies everyday, look elsewhere.

    Advice to management- you won’t get better unless you acknowledge that problems exist. Honestly look into the engagement survey results and take action where needed, especially regarding bureaucracy, politics, and senior leadership.
    Hire slowly, and stop rushing offshore growth. There’s nothing wrong with growing offshore teams, but it should happen gradually. When you rush it (Bangalore..), quality deteriorates and the company could start falling behind.
    Also, the company should be growing as a whole both in the US and abroad, not just in the remote offices. In fact, recently it seems the US based offices are really experiencing critical losses when it comes to quality people and leaders. When you see so many great folks running away, you think you‘d realize there might be a few problems.
    Lastly, if you really want to brand yourself as a technology company (those words are thrown around A LOT), stop using other mediocre legacy financial institutions as a baseline, and decide what kind of company CME really wants to become. If it’s just another financial services company, so be it, but if CME really wants to be “cutting edge” and a “tech company” then some real change needs to occur


  6. "Senior Director"

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

    I worked at CME Group full-time (More than 10 years)

    Pros

    Many career opportunities if you work hard, build relationships and are proactively learning new things
    Great work life balance
    Many opportunities to work along side senior management and have conversations with executives and even with the CIO
    Great focus on diversity and inclusion and hiring top talent
    An awesome place to get a lot of experience especially early on in your career

    Cons

    There are still some pockets of silos but that is mostly going away
    There is some bureaucracy mostly tied to being a highly regulated environment


  7. Helpful (1)

    "Good Benefits, Morality & Ethics Need Improvement"

    StarStarStarStarStar
    • 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 CME Group (More than 3 years)

    Pros

    Great benefits, nice offices, good people to work with.

    Cons

    Senior Management does not walk the walk that they preach.

    Advice to Management

    C-level needs to look at its morales and ethics as they apply to employee relations.

  8. Helpful (1)

    "Senior Director"

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

    I worked at CME Group full-time

    Pros

    Smart people, great opportunities at lower and mid-levels

    Cons

    Very hierarchical, limited upward mobility at higher levels

    Advice to Management

    provide clearer career development paths


  9. Helpful (4)

    "Good place to work, but lots of dead weight."

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

    I have been working at CME Group full-time (More than 8 years)

    Pros

    Good benefits. Great pay. Great PTO. Great Location. Pension (small but most companies don't offer this at all). Plentiful transfer opportunities.

    Cons

    There are lots of longtime employees who get to keep their jobs simply because they've been there a long time, even if they are totally incompetent. If you end up in a department with one of these people at the top, you are doomed.

    Advice to Management

    Focus on rewarding truly talented people and demote/terminate incompetent people.


  10. "risk manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at CME Group full-time

    Pros

    good
    place to work

    Cons

    lot of layoffs
    no room to go anywhere


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