CME Group Reviews | Glassdoor

CME Group Reviews

Updated March 24, 2017
65 reviews

Filter

Filter

US - All Cities

2.0
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
CME Group Chairman and CEO Terry Duffy
Terry Duffy
3 Ratings

65 Employee Reviews

Sort: Popular Rating Date

Pros
  • The work/life balance is great for most employees (in 68 reviews)

  • Good benefits and learning and tools being made available to employees (in 32 reviews)

Cons
  • work life balance is mostly in paper, also varies with managers even in same department (in 15 reviews)

  • Frequent senior management changes (in 15 reviews)

More Pros and Cons

  1. Helpful (6)

    "Politics in control"

    Star Star Star Star Star
    • 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


  2. Helpful (7)

    "Good pay, Toxic politics"

    Star Star Star Star Star
    • 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.


  3. Helpful (1)

    "Firm Securities Manager"

    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

    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.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (11)

    "A company that was once promising is full of empty promises."

    Star Star Star Star Star
    • 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
    Disapproves of CEO

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

    Pros

    Good Benefits including some tuition assistance.
    A few key people in leadership are open to innovation and change.

    Cons

    Most senior leadership are not open to innovation or change despite promising to promote an innovative culture. Some divisions and departments are run by people with old-school mentality and a tight reign. Cross-divisional work is ineffective and cumbersome as a result. Culture and brand is not world-class as the company states it to be. Employees who want to create world-class ideas and culture are stifled.

    Compensation is at best average, but usually below average.

    Our most recent CEO has left and his role is being taken over by the current Chairman. I do not have faith that our Chairman and now CEO knows how to take care of his employees or understands the complex challenges that our former CEO did, who was very approachable and engaged with employees. It's hard to picture the Chairman as an effective CEO when he has spent more time with being on TV than with his own employees.

    Advice to Management

    Be open to change and new ideas. Do not hold onto methods or ideas just because it's "always have we've done it."


  6. Helpful (2)

    "Overall poor experience"

    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
    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


  7. Helpful (3)

    "Great place to work if you work at corporate"

    Star Star Star Star Star
    • 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.


  8. Helpful (9)

    "Wake up and smell the change"

    Star Star Star Star Star
    • 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.


  9. Helpful (8)

    "Lead Programmer Analyst"

    Star Star Star Star Star
    • 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.


  10. Helpful (15)

    "House of Cards"

    Star Star Star Star Star
    • 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
    Negative Outlook
    No opinion of CEO

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

    Pros

    - Competitive Pay & Benefits
    - Coworkers (the few that remain)

    Cons

    - Lack of leadership / strategic direction - everything is a top priority until it is forgotten about
    - Cost cutting to boost bottom line/stock price is top priority ($1 billion special dividend anybody?)
    - Long-tenured / talented staff are moving on to companies with better pay and/or better work life balance
    - Company is feeling the employee backlash from lay offs and has left remaining staff unmotivated, demoralized, or looking for new opportunities elsewhere
    - Outsourcing work to remote consultants / Hiring H1-B workers is current staff augmentation strategy
    - Managers receive little to no formal training and "wing it" with their direct reports
    - Communication from management is non-existent (unless you consider plagiarized HBR articles)
    - Flattening the company has resulted in limited opportunities for career growth / promotion, all while continuing to "Raise the Bar" when it comes to performance reviews

    Advice to Management

    Invest in your most important resource (the employees!). Every person that leaves the company takes intellectual property & years of undocumented knowledge with them. Offer a real career path and not just a tool to enter your career aspirations into. I truly hope that HR is taking the exit interviews and engagement surveys into consideration, otherwise nothing will change and people will continue to leave. There's a reason most open headcount are unable to be filled...


  11. Helpful (1)

    "Director"

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

    Pros

    The company is a high technology business

    Cons

    The company has old and outdated processes



Showing 74 of 502 reviews
Reset Filters