Investment Technology Group Reviews | Glassdoor

Investment Technology Group Reviews

Updated February 23, 2017
170 reviews

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Full-time Part-time

3.9
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Investment Technology Group Chief Executive Officer and President Francis J. Troise
Francis J. Troise
38 Ratings

170 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 (3)

    "Sinking ship"

    Star Star Star Star Star
    • Work/Life Balance
    • 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

    Pros

    Decent hours, most people work 40 hr weeks and do not try very hard. Some groups are well respected on the street (TCA, Algos).

    Cons

    This company has been in steady decline over the past few years. Many of the lower level people are smart and capable, but are treated poorly (particularly tech people and programmers) with below industry salaries and no career path within the company. They rarely promote from within. They also have a bad habit of moving new hires to different groups than they were offered (front office -> middle/back office). Management is relatively directionless and blame the decline on volumes, but there is little sign of the company turning around. Big round of layoffs in July 2011 and likely more to come.

    Advice to Management

    Play to the strengths of the company and get a better sales staff to push the products. This is a technology company that doesn't treat its tech employees well, no wonder it's struggling.


  2. Helpful (1)

    "I wouldn't recommend"

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

    I have been working at Investment Technology Group full-time

    Pros

    Nice area to work in. Some managers and people in other departments are great- I was not so lucky.

    Cons

    Employees are poorly compensated and work in a more than normal stress environment. There is very little to no training provided and very few who want to take the time to teach your their infrastructure or procedures. There is no transparency between departments and teams making it near impossible to work together. More office politics than anywhere I've seen. Very small teams meaning very little room of moving up. High turn over for a reason.

    Advice to Management

    I don't even know where to begin.


  3. "Look eslewhere"

    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
    Negative Outlook
    Approves of CEO

    I have been working at Investment Technology Group full-time (More than 10 years)

    Pros

    Smaller firm and can move up if you're a top performer. Exposure to the markets and you'll learn fast if you willing to be open and take it all in. Work life balance is much better lately (caveat that there is less work for everyone) so it's a trade off that you have to decide it's worth it or not.

    Cons

    If the flood of reviews last week wasn't so "suspicious", I wouldn't have written this review. A lot of old management and middle management clog up the corporation. They should have cleaned house even more with developers and people who waste time and take forever getting anything done. Extremely high turnover rate, even for new hires as they come in and learn that it's not the place to be. Make sure to ask groups why they're consistently hiring for such a small/medium size firm. Laughably low compensation compared to industry. They might compete on salary for new hires but ask around and you'll see not many advance past that in terms of salary. They give out titles like candy to keep you around. Don't fall for it they keep you around so it gets harder for you to find a better job elsewhere.

    Advice to Management

    Keep cleaning house. A lot of middle management/ developers brought you down during the SEC investigation, clean out and start over so clients can have more confidence in the new firm.


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  5. Helpful (2)

    "ITG is junk in all sense"

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

    I have been working at Investment Technology Group full-time (More than 3 years)

    Pros

    laid back company;
    quiet and peaceful environment

    Cons

    very low salary
    highly bureaucratic
    no growth
    employees generally have a lazy mindset; If you dont want to learn, dont want to work, dont want to grow, then this is the place

    Advice to Management

    Eliminate bureaucratic managers who are concerned about their job safety and create a passionate environment that supports learning and growing


  6. Helpful (2)

    "Needs a reality check"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook

    Pros

    Work-life balance is good
    Flexible hours
    Low turnover. Lots of employees with 10-20 year tenures
    Great place to relax and prepare for retirement

    Cons

    Despite having the word Technology in their name, they are 10 years behind current tech trends. Future outlook doesn't look great


  7. Helpful (1)

    "Not organized, technically week company."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer
    Current Employee - Software Engineer
    Doesn't Recommend
    Negative Outlook

    I have been working at Investment Technology Group full-time

    Pros

    Good money, relative to others.

    Cons

    Unstable (fired a lot of workers in short period of time).


  8. Helpful (1)

    "heads up"

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

    Pros

    Very laid back, easy pay

    Cons

    Constant restructuring, not a stable company


  9. Helpful (2)

    "Stay Away."

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

    I have been working at Investment Technology Group full-time (More than a year)

    Pros

    Some very friendly and smart people work here.
    The work is exciting, and there is a lot to learn.

    Cons

    Lay offs every year
    Petty Human Resources team
    All round, if you want to be treated like you don't matter, and deal with the whims and fancies of the upper management who have new ideas every year to let go of the most talented and loyal employees, go for it.

    Advice to Management

    Please fix your attitude and value your employees.


  10. Helpful (3)

    "Great job, great team, great environment, then suddenly redundant."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Current Employee - Anonymous Employee in Melbourne (Australia)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Excellent, skilled people and supportive environment.

    Cons

    Frequent and poorly considered redundancies. Staff treated like office equipment that can be relocated or disposed of on a whim.

    Advice to Management

    For long term growth, actually invest in staff and hardware - artificial boosts to the share price will only fool the market for so long.


  11. "Dismal working environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in Toronto, ON (Canada)
    Former Employee - Business Analyst in Toronto, ON (Canada)
    Negative Outlook
    Disapproves of CEO

    Pros

    None, other than no longer work there.

    Cons

    Worked at ITG Canada as an analyst. Management condescending, highly critical of employees' performance and demands minimum of 10 hour days from every employee. Taking time for breaks, lunch is frowned on.

    Advice to Management

    Treat people with respect.



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