CME Group Reviews | Glassdoor

CME Group Reviews

Updated October 16, 2017
76 reviews

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2.0
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CME Group Chairman and CEO Terry Duffy
Terry Duffy
5 Ratings

76 Employee Reviews

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

  • Worked as Intern awaiting for the full time oppurtunity (in 15 reviews)

More Pros and Cons

  1. Helpful (3)

    "Good, but not great place to work"

    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
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at CME Group full-time (More than 3 years)

    Pros

    CME's work life balance is great. Employees are smart and dedicated. Comp is very competitive and benefits, particularly the pension and stock, are very competitive.

    Cons

    Siloed organization that talks about collaboration and accountability but doesn't follow through on it. There is bad behavior - backchanneling and sabotage - at some of the highest levels of leadership. Employees are rewarded more for time in role than performance, so if you value promotion due to performance, you might find this environment challenging. Investments are spread too thin across too many priorities, making it hard to see/feel like there is progress.

    Advice to Management

    Change things up at the leadership level by bringing in others from the outside. Set tighter expectations of each other, create more trust at the top and it will carry down to the other levels.


  2. Helpful (10)

    "Mean and cutthroat technical people"

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

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

    Pros

    Prestigious in the industry
    Flexible work times and schedules
    Good salary and benefits

    Cons

    Hard to be promoted
    Technical workers have a chip on their shoulders
    Bureaucratic
    Very slow paced
    People are allowed to be lazy when they are at higher levels

    Advice to Management

    Do some work. Be more involved in projects, realize that people on project teams are working hard, and need positive reinforcement sometimes. There is an overall negative tone from above. People should not be promoted into management just because of a history technical skills; if you do not have people skills or are lazy, you should probably not be in management.

    CME Group Response

    Jul 10, 2017 – CME Group Careers Lead

    We appreciate you highlighting our industry leadership and competitive compensation, benefits and work/life balance programs in your review. With respect to your other feedback, we encourage you to... More

  3. Helpful (6)

    "beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Market Surveillance Analyst in Chicago, IL
    Current Employee - Market Surveillance Analyst in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    smart people that are reluctant to help you

    Cons

    you indirectly work for CFTC and there is no room for creativity


  4. Helpful (15)

    "Politics in control"

    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
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at CME Group full-time (More than 3 years)

    Pros

    There are decent benefits. Flex time and work from home are possibilities. Some coworkers do want to help each other and care about the job they do.

    Cons

    It's the most politically charged company I've ever worked at. There are employees on visas, desperate for green card sponsorship. It results in a lack of teamwork and some backstabbing, as they push to look better than their peers.

    Morale has been low, and now bonuses were lower than expected even with record volumes, due to their "forecasted budget" having unreasonably high expectations.

    Advice to Management

    Don't treat your employees as easily replaceable. Limit offshoring. Encourage managers to value teamwork and to care about team morale. The current sweatshop mentality comes from their desire for bigger bonuses at the cost of their staff.

    CME Group Response

    Mar 15, 2017 – CME Group Careers Lead

    Thank you for your feedback. Although we believe that there’s great teamwork at CME Group, we’re sorry to hear you’ve had contrary experiences. We are always in pursuit of making our environment one... More


  5. Helpful (9)

    "Good pay, Toxic politics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I have been working at CME Group full-time

    Pros

    Fair pay and good benefits

    Cons

    Very political. Frequent senior management changes. Poor morale. Difficult to move around.


  6. Helpful (2)

    "Firm Securities Manager"

    StarStarStarStarStar
    • 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

    The people are wonderful, and very family orientated.

    Cons

    The new management has taken out all the seasoned employees. I thought I would retire from that company.

    Advice to Management

    Realize the talent you have.


  7. Helpful (5)

    "Overall poor experience"

    StarStarStarStarStar
    • 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
    Approves of CEO

    I worked at CME Group (More than a year)

    Pros

    Nice, helpful people
    Occasionally exciting projects

    Cons

    Low pay
    Intern work often monotonous data entry
    Lax of flexibility with students

  8. Helpful (5)

    "Great place to work if you work at corporate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager Systems Engineering in New York, NY
    Former Employee - Manager Systems Engineering in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    The quality of work is good. You work with some good people. The benefits are great. Major medical and dental are second to none. The profit sharing is and added value. Pensions don't exist these days. The teamwork with NY is generally very good.

    Cons

    Management tends to focus on corporate more than the New York location. Promotions are far and few. Career delopment is half sighted especially in New York Ofice. The New York office finds out last about any initiatives. Feel disconnected from corporate most of the time. The communication is just bad from corporate to other locations. Employees are not valued.

    Advice to Management

    Need to focus on all locations and not just Corporate. Need to dedicate more time with staff and career development. Need to promote more staff outside of corporate.


  9. Helpful (9)

    "Wake up and smell the change"

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

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

    Pros

    Growing business in a changing and challenging industry. Exciting industry learning opportunities. The company has many very smart and devoted employees.

    Cons

    There have been a lot of changes in the past couple of years that indicate that employees are no longer valued. The politics, red tape, and low morale have created a very negative environment to work in and senior management either is not aware or does not care.

    Advice to Management

    Look below and see how the handling of these changes have affected your staff. None of the changes were handled well. Communication is at an all time low and it behooves the firm to work on increasing morale.


  10. Helpful (11)

    "Lead Programmer Analyst"

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

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

    Pros

    The pay and the benefits.

    Cons

    As for cuts are made in preparation of the India Data Center that will ramp up late 2016, the workload increases and leads to burnout. A lot of middle managers are still there that do not know the business nor are they technical, but know enough to sound knowledgeable in meetings and fool senior management. They are only worried about themselves.

    Advice to Management

    Bring in someone from the outside to review the structure and determine what fat must be trimmed.


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