Kershner Trading Group Reviews

Updated October 15, 2015
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2.9
Star Star Star Star Star
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Andy Kershner
8 Ratings

19 Employee Reviews

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  1. "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.


  2. "Trader"

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

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

    Pros

    The only thing positive about this firm is that they are still in the business but probably wont be for long.

    Cons

    Too many to list here. If you are at Kershner, you are here because you can not be anywhere else.

    Advice to Management

    Have the company run by a professional


  3. "Trader"

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

    Pros

    Nice offices in Texas. Lots of firms in their space have exited. They somehow survive.

    Cons

    The contract they offer you is for suckers. Bad management. The CEO had some success in the past but the culture is non existent. They think they are the only firm in town. Bad technology. Bad payouts

    Advice to Management

    Overhaul business practices.


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  5. "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


  6. "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


  7. "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!


  8. Helpful (1)

    "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.


  9. Helpful (1)

    "Long long way to go."

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

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

    Pros

    They have been in business for a long time. The guys are easy to deal with. The guys have the interests aligned with yours, but that is about all.

    Cons

    Too long to list. Average technology, average support, no learning, no guidance, and no environment to improve once your old stuff stops working.

    Advice to Management

    Merge with some better options out there.


  10. "Lacking capabilities to succeed in the competitive world of equity trading"

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

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

    Pros

    Rewarding work, but if you can do it here, you can do it anywhere. The offices are nice, but then those were set up in glory days of stock market trading.

    Cons

    no growth, limited capital, poor management, idea exhaustion, low morale, egos!!

    Advice to Management

    Call it a day! Hang in the towel. The markets are changed and the leadership clearly belongs to other firms.


  11. "Lots of better options"

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

    I have been working at Kershner Trading Group full-time (More than 3 years)

    Pros

    large offices, experienced traders who have done well in the past, but are going the way of dinosaurs in the industry. Support for developing automation.

    Cons

    The firm is dependent on its traders "finding" the next best way to make money in the markets. You are left on your own. The firm's management is living in its past. They say they will help develop software to support your trading which is a pipe dream since if you have something of value, why would you want to share it with a company that VIRTUALLY OWNS YOU.

    Advice to Management

    Rethink the strategy. Help traders become more profitable. Be willing to take more losses. Nobody who can make money in the markets is going to stay at this outfit, when there are several pedigreed options in the marketplace.



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