DRW Reviews | Glassdoor

DRW Reviews

Updated November 20, 2017
55 reviews

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4.0
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DRW Founder & CEO Donald R. Wilson, Jr.
Donald R. Wilson, Jr.
31 Ratings

55 Employee Reviews

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Pros
  • Work life balance is also great (in 5 reviews)

  • The catered daily lunches are a big plus, you get to work with a lot of very smart people (in 6 reviews)

Cons
  • this company expects you to work long hours for them and they require am intern course (in 5 reviews)

  • Expenses can run pretty high for the traders (in 7 reviews)

More Pros and Cons

  1. "Unlimited potential for interesting work"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at DRW full-time

    Pros

    The vast majority of people are incredibly smart and engaged, which makes it fun even while you're working really hard. I've never had a job that provided an endless supply of interesting work like this one does. Everyone cares here - these are the good guys of the industry.

    Cons

    The fast pace sometimes leads to ambiguity and changing priorities.

    Advice to Management

    Keep focused. It's important to have a strategy and let everyone know about it.


  2. "Great Company!"

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

    I worked at DRW full-time

    Pros

    Great culture where there is openness about new ideas. Work life balance is also great.

    Cons

    As a result of the expansion over the past few years, the partners are less involved in the day to day management of groups. But this is the case for most large organizations. At least they are involved enough to provide support to groups to ensure their success.

    DRW Response

    Oct 27, 2017 – Global Head of Talent Acquisition

    Thank you for your feedback. Being open to new ideas has always been part of the way we work, and we’re glad you experienced this during your time at DRW. As you mentioned, leaders often focus more... More

  3. "Great Experience"

    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
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I've experienced a really open and collaborative culture at DRW. People are kind, intelligent, receptive to feedback and open to new ideas. The work is challenging but interesting and rewarding. You're constantly given new opportunities to hone your craft - ie. internal mobility, new research projects. Also, the amazing perks and benefits don't hurt.

    Cons

    I would like more formalized education across the firm. The new hires and interns get a great education program - why not have similar programs throughout the year for back and front office roles?

    Advice to Management

    Keep opening up new opportunities for employees internally. Share a clear direction and set of goals for the firm.

    DRW Response

    Sep 1, 2017 – Global Head of Talent Acquisition

    Thank you for sharing your positive experience at DRW. That’s great feedback. We agree with you and have already taken steps to extend our University Education program to everyone at DRW that would... More


  4. Helpful (7)

    "Pull the curtain back"

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

    I have been working at DRW full-time

    Pros

    It's a good firm with lots of talented people who work very hard from top to bottom. Salary and benefits are good and the offices are nice.

    Cons

    I will name a few issues, but really they are the symptom of a larger problem. They advertise great technology and charge you for it, but there is no significant technology that they can offer a trading group. Anything proprietary is generally owned by a different division and you will likely not have access to it. All the groups are separate. There is no collaboration, and that is somewhat by design. It's a collection of business with shared resource, so understand you will not get help with much unless it's pedigree items like hardware purchase or technical support. If you are a trader or have a trading business you are siloed off. Really they have mostly become a glorified backer of trading strategies, or if that was always their model it's not always advertised that way. There is definitely a shakeup in management. Lot's of recent defections, retirements, shifting of duties. That could end up being a good thing, but transition is hard. If they can find a way to set the tone for a little more collaboration DRW would be really great. Lot's of resources allocated to anything bitcoin or real estate, but they have such a good shell of a trading company that is ready to be rebuilt. Some divisions do great, but given the resources some cooperation at management and a more focused path would allow them to really move back to the top of the trading space where they really do belong.

    Advice to Management

    Try to get more organized. Each partner seems to be in charge of his or her fiefdom and nothing is shared across them. If you combine resources you can bring cost down and create an environment that fosters collaboration between it's trading groups DRW can be the top of the food chain again. Otherwise the trading businesses may continue to suffer a slow demise.

    DRW Response

    Aug 17, 2017 – Global Head of Talent Acquisition

    We only get better when we acknowledge and act upon the things we need to improve, so we appreciate your honest feedback. Collaboration is critical and an area of focus for the firm – but as any... More


  5. Helpful (1)

    "Good"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at DRW full-time

    Pros

    Place To Work. Very Friendly

    Cons

    People and they care a

    Advice to Management

    lot about you

    DRW Response

    Aug 17, 2017 – Global Head of Talent Acquisition

    Thanks for letting us know about your positive experience


  6. Helpful (3)

    "Trader Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at DRW full-time

    Pros

    The catered daily lunches are a big plus, you get to work with a lot of very smart people. Nice office.

    Cons

    Upper management is detached, and traders are substantially underpaid. Groups are charged "expenses" which is essentially another profit center for the partners, in addition to already low percentage deals.

    Advice to Management

    None. Clearly, what you're doing is working well for you. And there are always more people to replace the ones that burnout and quit.

    DRW Response

    Mar 28, 2017 – Recruiting Manager

    Thank you for your comments. We know compensation is one of several key elements that drives employee satisfaction. We won’t see eye-to-eye with every employee on this topic, but we do aim to... More


  7. "Good"

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

    I worked at DRW full-time (More than a year)

    Pros

    Learned about trading fundamentals which was a great compliment to ones quantitative/data analytical skills

    Cons

    Compensation isn't that competitive, can be hard to move up.

    DRW Response

    Feb 9, 2017 – Recruiting Manager

    We’re happy to hear your experience at DRW was positive. We try to support employees to grow within DRW - through different strategies, products, systems or roles - but there is always opportunity... More

  8. "Great Company"

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

    I worked at DRW full-time

    Pros

    Much cares are provided to employees

    Cons

    non that I am aware of

    DRW Response

    Feb 9, 2017 – Recruiting Manager

    We’re glad you enjoyed your time at DRW. Thank you for taking time to share your experience on Glassdoor.


  9. Helpful (5)

    "Not what it used to be..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at DRW full-time

    Pros

    Good salary. Very good benefits. Decent work / life balance for finance. Many company events if you're into that kind of thing.

    Cons

    Firm has gotten very 'clunky' and slow moving as it grew - either things don't get done or they take forever. Partner disagreements, partner turnover, lack of ability to manage, and lack of understanding of today's markets are largely to blame for this. Very high desk costs relative to most prop firms.

    DRW Response

    Nov 21, 2016 – Recruiting Manager

    Thanks for your feedback. Maintaining agility and efficiency is a key aim for us, but it can certainly be challenging to achieve every day in a business as diverse and growth-oriented as ours. We... More


  10. Helpful (2)

    "Poorly Managed Arrogant People"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader Assistant in Chicago, IL
    Former Employee - Trader Assistant in Chicago, IL
    Approves of CEO

    I worked at DRW (More than a year)

    Pros

    Lot of Cash if you have ideas

    Cons

    so much politics, partners and managers so arrogant , ridiculous turn over

    DRW Response

    Nov 21, 2016 – Recruiting Manager

    Thank you for providing your feedback. We’re disappointed to hear about your experience. While we don’t feel it represents the experience of most DRW employees, we do take the feedback very... More


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