Chicago Board Options Exchange Reviews | Glassdoor

Chicago Board Options Exchange Reviews

Updated December 6, 2017
67 reviews

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3.2
StarStarStarStarStar
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Approve of CEO
Chicago Board Options Exchange CEO Edward T. Tilly
Edward T. Tilly
14 Ratings

67 Employee Reviews

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Pros
  • Good work life balance and great co-workers (in 10 reviews)

  • Good benefits & compensation, favorable hours (in 6 reviews)

Cons
More Pros and Cons

  1. "analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Approves of CEO

    I worked at Chicago Board Options Exchange full-time

    Pros

    great hours and good benefits

    Cons

    management does not respect staff


  2. Helpful (1)

    "Integration Gone Wrong"

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

    I have been working at Chicago Board Options Exchange full-time (More than 3 years)

    Pros

    Interesting projects with knowledgable coworkers

    Cons

    After merging with Bats, CBOE had decided its best course forward is to make everyone equally miserable. Scale back the benefits from one side while slapping the other side with insulting titles and zero paths forward. Don't seem to care about their employees as much as the bottom line. Your benefits don't matter and neither do your career prospects because your replaceable.

    Advice to Management

    Get a grip. Your workforce is aging out and your maroon cubicles aren't attractive to anyone of any age.

  3. Helpful (1)

    "Going through a Integration"

    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

    I worked at Chicago Board Options Exchange full-time (More than 8 years)

    Pros

    Great benefits and opportunity for advancement if you are in technology such as software development and back end programming.

    Cons

    They don't value the individual nor do they value a person with a family. Their communication style consists of "we are there for you" until they are not. They say there are no stars but they consistently promote people with no experience and do not distribute accolades fairly.

    Advice to Management

    Listen to your long time employees who just may have their hands in more projects that you may know.


  4. "Good place to work"

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

    I worked at Chicago Board Options Exchange full-time

    Pros

    Friendly corporate culture and good learning opportunities

    Cons

    lack of clear career path


  5. "DIrector Business Development"

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

    I worked at Chicago Board Options Exchange full-time

    Pros

    Healthcare Benefits and Paid Time Off

    Cons

    Work/Life Balance could be improved


  6. "CBOE review"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Chicago, IL
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Chicago Board Options Exchange full-time (More than 3 years)

    Pros

    Can learn a lot in low latency trading if you take all the opportunities. Good life-work balance. Generous 401K match.

    Cons

    Production support. Business strategy is in flux recently, leading to instability of jobs.


  7. Helpful (4)

    "The end is near"

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

    I have been working at Chicago Board Options Exchange full-time (More than 8 years)

    Pros

    Knowledgeable work force
    Great 401k match-8%
    Decent salaries

    Cons

    No communication
    Will be eliminating most jobs
    Most people don't know their fates

    Advice to Management

    Be more open and honest. Don't play games with people's lives.

  8. "good one"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    good place to work walkble from union station

    Cons

    little old tech need to look for better technologies


  9. "Systems Develoment Mgr"

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

    Pros

    Never boring always new challenges, some flexibility with project assignments

    Cons

    Competing demands on resources constantly

    Advice to Management

    None


  10. Helpful (4)

    "antiquated"

    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 Chicago Board Options Exchange full-time (More than 5 years)

    Pros

    Good salary, some very sharp co-workers, decently located in regards to public transportation

    Cons

    This company rewards mediocrity, the environment is something from the early 80s (we're talking cubicles here!), the environment is not supportive for women or minorities in technology, it is very much 'Wolf of Wall Street' culture - you're either one of the 'good old boys' or you simply do not exist. the CEO calls the environment 'innovative' and is sadly being fed some bologna by upper management that has completely lost touch with their employees and its sad - he can't even see that his employees are laughing at him every single time he uses the word "innovative". There is not a single innovative person or thought in that company. Or if they get someone in who truly has great ideas - the motivation will be SUCKED out of them by the end of 2 years just because it will probably take that long to get even a PoC approval

    Advice to Management

    You sold out your entire systems division in order to make a few $$s, anyone that is good - is already looking for another job. you'll be left with the ones that are highly trained to do their jobs - no more. good luck


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