Kershner Trading Group Reviews | Glassdoor

Kershner Trading Group Reviews

Updated October 3, 2016
22 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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Andy Kershner
9 Ratings

22 Employee Reviews

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  1. "Great technology and resources"

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

    Pros

    I don't think people (former/current) employees give Kershner Trading Group enough credits for its technology and trading resources. Prop trading is tough and success deps on yourself.

    Cons

    Be more willing to give back to employees in terms of pay and benefits. This way, you can actually retain top talents.


  2. Helpful (2)

    "Trader"

    Star Star Star Star Star
    Former Employee - Trader in Austin, TX
    Former Employee - Trader in Austin, TX
    Neutral Outlook
    No opinion of CEO

    Pros

    Good place to start out, learn about the market

    Cons

    Not easy to make it with no salary guaranteed.

    Advice to Management

    More training, more support, more auidance.


  3. Helpful (2)

    "Trader"

    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
    Positive Outlook
    No opinion of CEO

    Pros

    Invested in technology and once you build a track record the management gives you a lot of leash. You can do any type of trading but you have to teach yourself it all.

    Cons

    Very little guidance on strategies. Half of the company trades like its the Tech Bubble/Bust where they just pay offers on new highs and hit bids on new lows, where there is another half with actual strategies, ie. merger arb, end of the day imbalances, etf NAV arb, stat arb.

    Advice to Management

    give early traders exposure to a wider range of trading strategies to figure out what works best for them rather than force them to trade you want them to.


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  5. Helpful (2)

    "Very tough profit split"

    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
    Neutral Outlook
    Approves of CEO

    Pros

    Unlimited upside, great buying power

    Cons

    management not aligned with trader interests. Very high desk fees and a very low profit split for beginning traders. Very poor atmosphere to learn

    Advice to Management

    increase payout


  6. Helpful (1)

    "Trader"

    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 Kershner Trading Group full-time (More than 3 years)

    Pros

    will let anyone become a trader

    Cons

    Horrible technology. Company Management sucks. Ego issues at the top. Lack of growth. Lack of vision. No improvement. Limited capital capabilities.

    Advice to Management

    Hire professional management that is familiar with changing landscape.


  7. "Trader"

    Star Star Star Star Star
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Kershner Trading Group full-time

    Pros

    Very good technology to trade and build equity trading models. Divided into several teams to help you find your trading style and enhance your expertise.

    Cons

    Not enough guidance to train newer traders.Could be more advice and monitor.Maybe need a larger place for more traders to trade in the trading desk.

    Advice to Management

    Always trying to be better as a prop trading firm just like a single trader. Better payment so as to recruit the best traders.


  8. "prop trader"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Kershner Trading Group full-time (Less than a year)

    Pros

    good capital leverage they will let you trade at a high rate of return, good location, austin texas is grate

    Cons

    bad insight to help others they have a lack of mentorship and training quality most stay to just get the licenses

    Advice to Management

    try to appeal better to new recruiters and bring your office staff up too speed with no ego


  9. Helpful (1)

    "Good place for those innovative hard workers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Trader in Austin, TX
    Current Employee - Trader in Austin, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Kershner Trading Group full-time (More than a year)

    Pros

    You are trading company money for a split of the profits you make based on your decisions. Profit potential is very high and capital is much less of an issue here than at other firms

    Cons

    Tech team can be difficult to work with. Updates are useless or nonexistent. Turn around time for issues can range from instantly to years depending on the issue. Some things just aren't worth bringing up which is a huge shame. Very difficult for new traders to get started although this is not a company specific issue

    Advice to Management

    Let your traders know what's going and try to fix their issues. Stop being slaves to laziness and outside factors


  10. "Kershner Trading Group"

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

    Pros

    Great work atmosphere and lot of opportunities

    Cons

    Hard to make it through

    Advice to Management

    Give more time to newly traders and more programs!


  11. Helpful (4)

    "Lower tier trading firm"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Equities Trader in Austin, TX
    Current Employee - Equities Trader in Austin, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Kershner Trading Group full-time (More than a year)

    Pros

    A lot of freedom at the company. Potential to make money (but no way to cultivate it properly). Great city and work hours.

    Cons

    Lack of trading culture; thus, many traders choose to trade from home. Dark and unlit trading floor (bad on eyes). New trader training is terrible. Mentors are hit/miss, but mostly miss. Company seems to hire in quantity versus quality. Very expensive desk fees. Technology team has an ego despite developing mediocre software. Virtually zero experienced trader to developing trader interaction. New traders are stuck in their own corner of the trading floor, while the experienced traders typically stick with each other

    Advice to Management

    Have a real training program, instead of overselling mentorship on the company website. Lower desk fees. Promote culture & interactivity on the entire floor. Revamp the technology team or hire a technology officer without ego.



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