CME Group Reviews | Glassdoor

CME Group Reviews

Updated June 12, 2017
40 reviews

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CME Group Chairman and CEO Terry Duffy
Terry Duffy
5 Ratings

40 Employee Reviews

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Pros
Cons
  • work life balance is mostly in paper, also varies with managers even in same department (in 16 reviews)

  • Frequent senior management changes (in 15 reviews)

More Pros and Cons

  1. Helpful (14)

    "Political and incompetent IT management team."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Chicago, IL
    Current Employee - Senior Software Engineer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at CME Group full-time (More than 5 years)

    Pros

    Excellent Health care Benefits. Great WFH policy if you work for a descent manager. Lots of Smart people get hired from intern programs. It's a good place to get a handle on financial technologies

    Cons

    The most political and completely out of touch of technology organization led by clueless and delusional leaders at the top. everyone is afraid to speak their mind as folks who have in the past 3 years get pushed out. The technology leaders "vision" is a joke. Its simply this, outsource everything and let someone else deal with the consequences later. Technology is slowww and "new" ideas other companies did 6-10 years ago. No way to get ahead unless you are great at pretending these guys are awesome or you grew up in India. Women and minorities are basically nonexistent in IT at manager levels and above. Wouldn't have brought it up but They consistently talk diversity but that's just to pretend it exists

    Advice to Management

    None, they know everything so they don't care anyway. HR sends surveys to only a subset of employees now, stop pretending it's getting better by hand picking who you get feedback from. The results were awful since 2014. Stop pretending and sending fake happy notes.

    CME Group Response

    Apr 13, 2017 – CME Group Careers Lead

    We’re sorry to hear you’re feeling this way. That’s not the IT organization we’ve come to know and many of your observations do not reflect the experiences of the majority of our employees. Our ... More


  2. Helpful (4)

    "FRS Department Needs Major help"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Auditor/Examiner/Administrative in Chicago, IL
    Former Employee - Auditor/Examiner/Administrative in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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

    Pros

    PTO Days

    Work life balance

    Benefits

    There are a couple really nice directors that are patient and funny and helped me learn my job

    Cons

    Toxic department

    Constant turnover, over 13 last year left

    This department is very toxic, highly corporate with the examiners/auditors constantly quitting and management doesn't seem to care, they just get someone else out of school to underpay and take their place.

    Highly clicky and gossipy and immature

    They are beholden to their shareholders and will put that above anything.

    As I saw in someone else's recent review their is one director that is very mean and has made people cry and some quit.

    I had to do a variety of things not in my job description, not even close to what is reasonable

    My coworker was picked on and pushed out because people didn't seem to like her even though she was nice just didn't fit in to their ideals. And was in a group that did not want her to succeed

    No flexibility in work hours or time off to go to appointments (unless your management)

    Very old school

    Advice to Management

    I don't even know where to start so I won't.

    For people interviewing there ask about their staff turnover and why it's so high.

    CME Group Response

    Apr 13, 2017 – CME Group Careers Lead

    We appreciate your feedback. While we wish that you had a better experience working with us, we hope that while you were here you shared any concerns you had through one of the many venues we provide ... More


  3. Helpful (10)

    "Unimpressive Sr. Management and Many Incompetent Employees"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at CME Group full-time (More than 5 years)

    Pros

    Great business model that is highly profitable - hard for the under-performers (and there are many of them) to screw things up

    Cons

    Company/management seems to value industry knowledge versus competency. Few folks are held accountable to actually get things done and when initiatives fail, which they often times do, the leaders who were on the hook to deliver are given more responsibility and get to fail on even larger initiatives. If this company had to actually work to make money they would be out of business quickly.

    Advice to Management

    Unlikely that they would listen as they think they know it all.

    CME Group Response

    Mar 15, 2017 – CME Group Careers Lead

    We appreciate your feedback, and are sorry to hear you had a negative experience. While we wish you had a different, more positive experience, we are happy to report that this is not a common theme ... More


  4. Helpful (6)

    "Office Space Software Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Chicago, IL
    Current Employee - Software Engineer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Nobody bothers you. A lot of vacation days.

    Cons

    Off-shoring of jobs. Endless bureaucracy and meetings. Security concerns make everything painful. Spend more time configuring files than writing actual code.

    CME Group Response

    Mar 15, 2017 – CME Group Careers Lead

    Thanks for your feedback. We often take the pulse of employees through engagement surveys, and hear your concerns. That’s why reducing bureaucracy is a focus across our company. From ... More


  5. Helpful (1)

    "Senior Market Reporter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Market Reporter in Chicago, IL
    Former Employee - Senior Market Reporter in Chicago, IL
    Doesn't Recommend

    I worked at CME Group (More than 10 years)

    Pros

    Great health and dental coverage. No overtime.

    Cons

    If you make an error, they hold it against you.


  6. Helpful (21)

    "From love it to hate it"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Chicago, IL
    Former Employee - Senior Software Engineer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CME Group full-time (More than 5 years)

    Pros

    benefits, pto, former management , work from home arrangements, insurance plans

    All these cannot cover obnoxious way they treated loyal people.

    Cons

    Leadership is gone
    Quality people are gone
    0 investment in educated experienced loyal employees , cut cut cut expenses and move move move to India.

    Stay away, it is a sinking boat, although too big to fail.

    Advice to Management

    CME used to be a great place to work, to learn, to meat high quality people.

    CME used to be the coolest place to work in Chicago, it was a symbol of Chicago and USA.

    Very sad to see what you guys did to the company.


  7. Helpful (1)

    "Floor Account Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Management Specialist in Chicago, IL
    Current Employee - Client Management Specialist in Chicago, IL
    Doesn't Recommend
    Negative Outlook

    I have been working at CME Group (More than 10 years)

    Pros

    Good hours for enjoying the summer months

    Cons

    Fading industry form the floor perspective

    Advice to Management

    Its too late


  8. Helpful (12)

    "Sr. Software Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Former Employee - Grunt in Chicago, IL
    Former Employee - Grunt in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at CME Group (More than 10 years)

    Pros

    Compensation and benefits (needs to be at least 5 words and that's a stretch for pros).

    Cons

    No security, extremely demanding environment, high expectations with little support, and I repeat, NO SECURITY. All they care about is profitability. Staff with tenure are treated as liabilities, can't push them out the door fast enough.

    Advice to Management

    Appreciate your staff. And quit faking your way onto the 'Top (pick a number) Best Places to Work' list, any current and former staff know that's BS.


  9. Helpful (8)

    "Software Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Chicago, IL
    Former Employee - Senior Software Engineer in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    - Work/life balance.
    - Commute from suburbs.
    - Benefits.

    Cons

    - Unqualified managers and directors with no IT or Project Management skills.

    - Favoritism by Managers and Directors to certain employees.

    Advice to New Hires:
    If you are passionate about Software Engineering and Computer Science, then this is NOT the place for you. Unqualified Managers and favored Software Engineers will screw your career.

    Advice to Management

    - Please be honest and fair to all your direct reports.
    - Its probably best for the company to offshore IT projects.


  10. Helpful (7)

    "Poor middle managers, favoritism and yes-man culture."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Decent compensation and good benefits, used to be very decent work-life balance but changed dramatically in the wrong direction over last couple of years

    Cons

    After several rounds of layoffs a lot of good (qualified and knowledgeable) people were either let go or quit which created a complete vacuum and crisis of leadership in many groups. Individuals who took their places are utterly incompetent and consequently extremely insecure and seemingly in constant fear for their own jobs. Middle management is full of incompetent yes-men who are bent on creating appearance of being extremely busy and pressuring their employees to work on meaningless tasks while setting unreasonable expectations and ridiculous deadlines.

    Advice to Management

    Do a better job putting right people into right positions. Select qualified/capable employees to lead rather than convenient slaves that would agree with anything and have absolutely no opinion of their own no matter what the truth is. Sometimes knowing the truth is a lot better than strictly hearing what one wants to hear.


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