Investment Technology Group Reviews | Glassdoor

Investment Technology Group Reviews

Updated December 9, 2016
31 reviews

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Investment Technology Group Chief Executive Officer and President Francis J. Troise
Francis J. Troise
1 Rating

31 Employee Reviews

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Pros
  • Employees work hard but also value work/life balance (in 31 reviews)

  • Good people, strong history of disruptive technology (in 9 reviews)

Cons
  • Lack of communication from some senior management (in 11 reviews)

  • Work/life balance makes up for some of that comp difference but the (in 3 reviews)

More Pros and Cons

  1. Helpful (2)

    "No direction"

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

    Pros

    Good work life balance because you are self-managing yourself

    Cons

    Low pay relative to competitors and constant cost cutting


  2. Helpful (3)

    "Not a place for those who want to forge new paths"

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

    Pros

    Smaller teams mean more exposure and latitude professionally which is a good way to build skills and experience.

    Cons

    Regardless of years experience, the actual experience level is low as well as innovative thinking, which creates a very short-sighted vision and a mediocre future strategy for the company.

    Advice to Management

    Have the right people in the right places to help drive past recent mistakes. Be open to experience and perspectives from experienced people who have not grown-up through ITG.


  3. "Good to start your career"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Technology Development Intern in Culver City, CA
    Former Intern - Technology Development Intern in Culver City, CA
    Recommends

    I worked at Investment Technology Group as an intern (Less than a year)

    Pros

    good work life balance. very helpful management. Very quick interview process.

    Cons

    slow growth. you need to be part of good team else you will be lost in the process.

    Advice to Management

    Need to have beet intern growth plan


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  5. Helpful (1)

    "I worked there..."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in New York, NY
    Former Employee - Anonymous Employee in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Investment Technology Group full-time (More than 5 years)

    Pros

    there are still some great folks left there, smart, dedicated, amazing people

    Cons

    since the end of ray's tenure the place has fallen to pieces...

    Advice to Management

    good luck


  6. Helpful (5)

    "Where are the women?"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Manager in New York, NY
    Former Employee - Marketing Manager in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Investment Technology Group full-time (More than a year)

    Pros

    The company is good at what they do. Boring industry, but fills the niche.

    Cons

    Look at the management team. You won't find a single female. It's sad, really. If you're a woman (who is skinny and blonde), you might get hired in sales. but don't expect to go far. This is a male-dominated company. All of the senior women have left.

    Advice to Management

    Hire women! We make up half the population. Shouldn't at least ONE of your leaders be female?


  7. Helpful (3)

    "Investment research"

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

    I have been working at Investment Technology Group full-time

    Pros

    Fun people on other teams
    Great culture
    Pretty interesting work (if building something new)

    Cons

    No movement upward (most people have to move out but luckily buy side love recruiting out people)
    Long hours (depending on team)
    Low pay with no structure of increasing pay overtime
    Uses a "overtime system" that doesn't actually increase your overall income as it's an excuse not to give bonus (so you make less than comparable firms)

    Advice to Management

    Increase pay if you want to maintain talent and not have high attrition.
    Have a structured promotion system or people will leave since there's no opportunities to move up.


  8. Helpful (2)

    "Poor technology leadership from top to bottom."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President in New York, NY
    Former Employee - Vice President in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Investment Technology Group full-time

    Pros

    Culturally diverse company
    Brand focussed company

    Cons

    Technology teams are run with demotivated employees working long hours with no incentives.
    More focus on hierarchy, reporting structure then fixing grass root inefficiencies.
    Rampant favoritism and inefficiencies tolerated at all levels
    No focus on innovation. more focus on the fluff
    No standards or processes followed across the board in technology

    Advice to Management

    Senior Technology Management needs a big shakeup.
    Look for talent than loyalists


  9. Helpful (5)

    "Extreme favoritism will impede career growth and development"

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

    I worked at Investment Technology Group full-time

    Pros

    Good work life balance.

    Cons

    Career advancement is based on who in executive mgt favors you; not based on merit. Executive mgt prefers yes men. Employees are aware of this so they tend to be jaded and cynical.


  10. Helpful (3)

    "Good company to retire in, not a company to grow."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in New York, NY
    Current Employee - Senior Software Engineer in New York, NY
    Neutral Outlook
    No opinion of CEO

    Pros

    Its a good company, if you have enough experience and just like to have a stable job and income. Lot of flexibility, 70 % of the of the software teams work from home whenever they please.

    Cons

    No room of growth for junior to mid level developers. Software development 'Managers' do not innovate and are frustrating to work with. Lot of micromanagement at all levels within software development, will make you skin crawl. High level of bureaucracy and stinky politics.

    Advice to Management

    Trust and Invest in your teams.


  11. Helpful (5)

    "Currently rebuilding and content with low quality workers and compensation"

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

    I have been working at Investment Technology Group full-time

    Pros

    Easier work-life balance. Many new interns/hires recently graduated bring new energy. Allows the company to re-energize the company. Nice new office. Some benefits but mainly for the benefit of new hires (i.e. ends after the summer interns leave). Most status-quo old guard employees are gone. New exciting products in multi-asset to keep up with the industry.

    Cons

    Easier work-life as there is less work to do. People are slightly jaded or learned from existing culture to leave at 5.30pm, at the lastest. HR strategy to continually hire new interns to replenish whoever is able to leave is needed for that reason. They know people will leave so they overstock some groups prone to higher turn-over. They are content with letting smart people leave so they can replace with cheaper new hires. They are content to keep someone who does a request in 4 hours instead of paying more for that person who can think objectively and write a script that does it in 10 minutes. That is understandable if they don'y have the money, however, with this strategy they should keep the new hires as they move up in the company as they are still cheaper than the old employees they replace but they still do not pay anywhere close (~20+) away from market rate. Then that leaves a lot of low quality personnel who have no where else to go that stick around. Some "fake it until you make it workers" are still around but the company can help moral with better performance evaluations and actually tying performance to compensation. Then everyone will know those workers are paid according to their low work ethic. No more cronyism hires like a friend from college put in charge of a computer system with no programming experience. Those workers will never get fired as they're wiling to take their lower than average salary and HR will not fire currently as no layoffs appear to be on the horizon. Leaving these low quality people around bleeds into everyone else around them to lower their productivity. I know it has affected myself. No more real bonuses anymore. Only regular low single to low double digit % bonuses. Benefits always coincide with new summer interns. Everything disappears once they're gone. Nice new office doesn't mean much after the first month when you don't combine it with the auxiliary benefits that usually come with the startup/finance atmosphere - i.e. food,on-site gym,etc. "Volunteer" charity events are pseudo mandated for managers to set up. It is one thing to organize a charity with interested people, but another to try to "highly encourage" managers to plan an event and force feed collegial bonding. Software hasn't been updated in awhile. The software developers who designed the system in the late 90's are still around and haven't updated their programming skills. A lot of infrastructure built on old software that they are afraid and don't want to update for fear of losing their competitive advantage as experts for the system they built. Developers slow roll a lot of projects and over-sell how much work they really do.

    Advice to Management

    Add more benefits and compensation to high achievers. Fire the low quality people who fire fight issues bouncing from one hole to another rather than fix issues before they happen. Hire new tech or new technology management that know how to affect change. Bleeds low morale into other people after awhile when everyone figures out who the high and low achievers. If you can't/won't with the new normal bonus levels, add more "startup" benefits for everyone including gym, healthy breakfasts, lunches dinners, rewards such as basketball tickets for employees of the month or hockey or baseball game outing for a group with best successful project (that's how you do team building and incentivize if you don't have the money for bonuses), pay for career enhancing courses such as programming in new language or technology, any outings such as run clubs, softball, etc instead of just for new hires. Pay to keep the new hires. Waste to attract talented graduates and then let them leave after two years as they are smart enough and able enough to find another job. Replacing new hires with even newer hires is not the strategy. HR stuck in old HR schemes of asking brain teasers (how many jelly beans in the jar) as experience level of HR is younger. Old HR tactics such as exploding offers, time limits can be ignored, if the manager already picked you, high change that is an empty threat by HR.



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