Chicago Board Options Exchange Reviews | Glassdoor

Chicago Board Options Exchange Reviews

Updated March 12, 2017
22 reviews

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4.0
Star Star Star Star Star
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Approve of CEO
Chicago Board Options Exchange CEO Edward T. Tilly
Edward T. Tilly
6 Ratings

22 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. "Great Experience"

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

    I worked at Chicago Board Options Exchange as an intern (Less than a year)

    Pros

    Had an excellent supervisor who really looked out for me and made sure that I was learning a lot.
    Senior management met with interns and really valued our opinions and ideas about how to improve the company.
    Education: We were given the opportunity to learn about many areas of the company and tour similar firms.
    Free coffee shop

    Cons

    Not all interns had the opportunities I had, depended heavily on department and manager. The office was a bit dated and not very nice. Pay is a bit low for interns. CBOE doesn't hire directly out of their intern pool so no full time opportunities, but they indicated this may change.

    Advice to Management

    Great intern program, make sure there is more structure.


  2. "CBOE review"

    Star Star Star Star Star
    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.


  3. "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


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


  5. "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.


  6. "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


  7. "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


  8. 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.


  9. "Average Employer"

    Star Star Star Star Star
    Current Employee - Systems in Chicago, IL
    Current Employee - Systems in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Relaxed Office atmosphere, employees are good people.

    Cons

    Work is not always challenging.


  10. Helpful (1)

    "Good place to start career, learn about financial markets"

    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
    Positive Outlook
    Approves of CEO

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

    Pros

    Commitment to being a leader in its industry.

    Good work-life balance

    Co-workers are committed to building a great franchise

    Cons

    Very political. Never sure if you have angered the wrong person, and hearing about it coming back on your review.


  11. "A great environment for potential. Plenty of different departments to learn from"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Lead Systems Operator in Chicago, IL
    Current Employee - Lead Systems Operator in Chicago, IL
    Recommends
    No opinion of CEO

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

    Pros

    Flexible work schedule, Knowledgeable people, and great benefits. There are opportunities for personal growth.

    Cons

    Occasionally there can be a lot of politics involved between different departments and communication can be dropped sometimes. Also, a lot of high pressure situations


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