Chicago Board Options Exchange Reviews | Glassdoor

Chicago Board Options Exchange Reviews

Updated January 7, 2017
44 reviews

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Current Employees

3.4
Star Star Star Star Star
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Chicago Board Options Exchange CEO Edward T. Tilly
Edward T. Tilly
8 Ratings

44 Employee Reviews

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Pros
  • Good work life balance and great co-workers (in 11 reviews)

  • Good benefits & compensation, favorable hours (in 5 reviews)

Cons
  • Not enough career growth potential (in 5 reviews)

  • Lot of emplasis on production support (in 4 reviews)

More Pros and Cons

  1. "Old school work culture"

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

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

    Pros

    Work life balance
    Not much of a bureaucracy
    Talented people
    Diverse workforce
    Chance to meet CEO face to face
    Friendly work culture

    Cons

    Old school work culture
    Recently bought another exchange and will be downsizings soon
    Slow Career growth
    Old technologies
    Lacks top down communication


  2. Helpful (2)

    "In Limbo"

    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
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time

    Pros

    Work life balance is great, friendly Midwest polite coworkers, nice HR events, decent benefits, great location, looks good on a resume

    Cons

    The company is in the process of acquiring another exchange and you can feel the misery as soon as you walk through the door. Many are concerned about their jobs and there has been little done to ease those fears. Unless you're one of the few with an office you're just another chump in a cubicle and your voice really doesn't matter. If you have the right manager you can have a good experience here but overall, you're not really seen or valued as an individual. Very top down and hierarchical, old fashioned and unwilling to change. Hostile to women, who only make up a third of the company.

    Advice to Management

    Diversify your upper management. Provide clear paths for advancement. Don't lie to new hires and say they can grow there. It's a place for lifers, might as well be the government.


  3. Helpful (1)

    "The end is near"

    Star Star Star Star Star
    • 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.


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


  5. "Senior Software Engineer"

    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
    No opinion of CEO

    Pros

    Good work life balance and great co-workers.

    Cons

    Coin of experience is low. Recent merger has added 1.6 billion in debt. They will be cutting staff, mostly IT staff to help pay the new mortgage.

    Advice to Management

    Treat IT as a strategic asset rather than a cost center.


  6. "Software Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Ponte Vedra, FL
    Current Employee - Software Engineer in Ponte Vedra, FL
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Chicago Board Options Exchange full-time (More than 10 years)

    Pros

    Successful and innovative company, great team-oriented environment, variety of projects, no pointy-haired bosses.

    Cons

    Still considers itself a bank, no technical career ladder, outsourcing of new projects, 24/7 support requirements.


  7. "CBOE Intern"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Intern - Intern in Chicago, IL
    Current Intern - Intern in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at Chicago Board Options Exchange as an intern (Less than a year)

    Pros

    The pros of working at CBOE include:

    - Work life balance
    - Professional education
    - Positive environment

    Cons

    The cons of working at CBOE include:

    - Outdated office
    - Very old school company


  8. "GREAT EMPLOYER"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Chicago, IL
    Current Employee - Vice President in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    Like a family. You have to LOVE Wall Street and fit into the culture or you won't be happy.

    Cons

    Lots of Meetings, things often get accomplished more slowly than at other firms.


  9. "N/A"

    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
    Recommends
    Neutral Outlook

    I have been working at Chicago Board Options Exchange full-time (More than 5 years)

    Pros

    Great place to work in the financial markets space.

    Cons

    Perhaps slow to respond to competitor exchanges.

    Advice to Management

    N/A


  10. Helpful (2)

    "With all the quirks, it's a good company to work for."

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

    I have been working at Chicago Board Options Exchange full-time

    Pros

    Good benefits. Good people. Reasonable pay.

    Cons

    Management can be arrogant and uncooperative.

    Advice to Management

    Listen to the people in the trenches who are doing the work.


  11. "Mixed bag"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Chicago, IL
    Current Employee - Director in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at Chicago Board Options Exchange full-time (More than 10 years)

    Pros

    Freedom to be creative and diversity of work

    Cons

    Poor communication channels and no real opportunity to convey views to upper management


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