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ION Trading

Acquired by ION Group

Is this your company?

No Career, Ridiculously small Bonus, No raise, Reduction in Benefits. Future grads if you read this stay away! - Senior Business Consultant ION Trading Employee Review

1.0
Nov 19, 2017
Recommend
CEO approval
Business Outlook

Pros

Strong senior team prevents the company to dies until they will leave. As the company is going down, it's actually pretty easy to hide and do nothing, even Grads have understood that. You cannot get fired! Company is really at using every BS buzz word they can...

Cons

No long term strategy in recruitement or in product, No Raises, No bonus based on performance, No recruitement except pure junior grads. Benefits getting more expensive every year and coverage going down every year. CEO is a billionaire who thinks a flat structure is the best but he does not trust anyone. No 401K matching, life insurance cut in Half, no travel insurance! Welcome to cheapstake ION! HR team (people operations) are running away from the company... No internal communication

Explore other reviews about ION Trading

5.0
Aug 3, 2017
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Management really cares about the LDP and provide opportunities for the analysts to achieve their goals/improve their skill sets. We have many opportunities to travel to our international offices and ask for projects that are interesting and a good learning experience. I've had a good experience with other team members who are not part of the program as well. The office is more collaborative now and I think ION is trying to improve on past criticism/feedback.

Cons

Work load can be daunting at times and you may get different directions from several managers. However, if you ask questions and aren't afraid to take on challenges this can be a great way to constantly strive for more.

6
1.0
Jun 15, 2016
Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

The New York office is very nice, on the 50th floor and overlooks Central Park. There are some nice people working in the office there and everyone has a collective feeling of sympathy for their fellow colleagues.

Cons

You need to understand that if you join ION that you are sacrificing any chances of career advancement whatsoever. While no expense is spared when it comes to fancy offices, every expense possible is when it comes to employees. While starting salaries are reasonable, there have been no pay increases for years, and bonuses when given are tiny. The CEO insists on a hands-on approach to every single part of the company (including approving an order for more coffee!) and the result is that very little ever gets done. Benefits are awful for a company of this size (no 401k employer contribution, minimum contribution toward heath, etc). There is very little flexibility when it comes to hours or working remotely. Think very carefully before joining ION and signing that onerous non-compete which could basically put an end to your career in this industry unless you change your industry/profession entirely or are happy to stagnate in misery at ION. I would strongly recommend against joining. I would also point out what many on here have mentioned - there are a number of reviews below which are very clearly fake. If you read a review which jokingly refers to ION as a "Market Leader" or similar, you need to be aware that these have been written specifically to try and boost the dismal rating the company rightfully has on Glassdoor.

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