MarketAxess Reviews | Glassdoor

MarketAxess Reviews

Updated September 20, 2017
28 reviews

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3.3
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MarketAxess Chairman and CEO Rick McVey
Rick McVey
23 Ratings

28 Employee Reviews

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  1. "Business Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Analyst in New York, NY
    Former Employee - Business Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at MarketAxess (More than 5 years)

    Pros

    MarketAxess is a great place to work. The company treats its employees extremely well. There are always people willing to help out and bring new employees up to speed. The work is fast paced, but that keeps things interesting! If you are dedicated and work hard there are great opportunities available!

    Cons

    Many employees have been there since almost the start of the company which can be very intimidating!


  2. Helpful (4)

    "They can't keep anyone lately"

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

    I have been working at MarketAxess full-time (More than a year)

    Pros

    Pros
    - Nice office location
    - Free tea and coffee
    - Generally friendly employees (non-managers)

    Cons

    NY office morale is very low due to unqualified managers. They trust no-one. Managers expect you to quickly jump to demands and then belittle you in front of staff. High turnover at the company as employees leave and contractors leave. They try to hire people. They extend offers to people who then turn them down. Staff is over worked and not recognized for taking on the additional workload.

    Advice to Management

    technology group is a mess and needs to be cleaned up in order to have this company function in a profitable way.

  3. "Very professional, enjoyable company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in New York, NY
    Current Employee - Business Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at MarketAxess full-time (Less than a year)

    Pros

    Location, office, people, compensation, professionalism , senior management is awesome, company has a bright future

    Cons

    Slightly older employees but a lot of younger employees the last year or two

    Advice to Management

    More corporate events


  4. Helpful (10)

    "Don't Bother - you'll be gone in 5 months"

    StarStarStarStarStar
    • 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 MarketAxess full-time (More than a year)

    Pros

    it's in New York City and close to many subways and eating establishments. There are lot's of tourist attractions nearby and it's next to the Waldorf.

    Cons

    They have about 4 to 5 development cycles a year. A development cycles is basically this: their big clients demand changes and enhancements to the trading system, everyone scrambles to document and code the enhancements, they test the enhancements and then roll out the enhancements to their clients. That's it. That's all they do.
    Then if there is something wrong, that's when the finger pointing starts. If you are the newest person there then you will be the scapegoat.
    There is no direction in the company. This place was created by JP Morgan back in 2001 and then spun off. The people who run it did not create the company, they just have buds in the right places at JPM. The reason why the stock goes up is because they are in a hot sector - electronic trading. Since the banks are not allowed to hold inventory and have cut back trading, these little electronic trading companies pop-up up to fill that need. Bloomberg dominates this market. MA is just reaping the benefits of being in the right place.
    Management doesn't care what happens to the company, they are just trying to get the stock to increase as much as possible and then bail. (kinda like Enron).
    WARNING: a lot of the positive reviews for MA are posted by HR in order to protect the reputation of the company. Notice that those reviews are vague and overly enthusiastic. Don’t be fooled. There is an enormous amount of turnover – close to 75%. Managers hire people just to be scapegoats. If anything goes wrong, “it’s because the new guy didn’t know what he was doing” and “we’ll let him go and get someone better.” So that’s the game they are playing.

    Advice to Management

    Keep doing what you're doing, it seems to be working for you. Employees are just so much chaff, keep on churning.


  5. Helpful (1)

    "Great company"

    StarStarStarStarStar
    • 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

    The boss is really professional and you can definitely learn a lot from. People there are so nice to work with.

    Cons

    Not that I can think of


  6. Helpful (6)

    "Not worth your time- There are better places to work"

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

    I worked at MarketAxess full-time (More than a year)

    Pros

    Pro : not working here or with people who are set in the past and are unable to look to the future. My best day was my last.

    Cons

    Cons : upper management does not have any forward thinking. they like things the way they are. They do not appreciate good talent and are unable to bring in the right people to run the business

    Advice to Management

    look to the future. take a chance. hire good people with the right skill set


  7. Helpful (7)

    "best day is your last day"

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

    Pros

    Cool place if you don't mind managers who give no direction or who will throw you under the bus.

    Cons

    Management wants an innovative, smart, high end team but puts superficial effort towards retaining high quality employees. In fact, the smart employees are the ones who decide to leave. Mediocrity thrives at Marketaxess. There is an enormous amount of turnover especially in IT (developers, business analysts). Beware about joining this place. They hate new people. There is a strata of employees who've been there for over 10 years and another one of people who've been there less than a year. The more senior people are so afraid of losing their jobs that they will make any newcomer's life miserable.
    The saddest part about Marketaxess is the general disrespect they have for former employees. You usually hear managers commenting about how former employees didn't know what they were doing (even interns).

    Advice to Management

    Get rid of people who've been there for over 10 years. They will bring the company down.

  8. Helpful (1)

    "Fun productive team"

    StarStarStarStarStar
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    supportive team, lots of fun to be around

    Cons

    can't really think of any


  9. Helpful (1)

    "Great company to work for"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    Pros

    The atmosphere is amazing. The people are very friendly and helpful, and there is little vertical hierarchy. Also good pay.

    Cons

    Full-time position work hours might be a bit strenuous. Coworkers sometimes started 6-7 AM and ended at 8 PM.

    Advice to Management

    Keep doing what you're doing. Very enjoyable experience.


  10. Helpful (2)

    "Great company to work for."

    StarStarStarStarStar
    Former Employee - Software Engineer in New York, NY
    Former Employee - Software Engineer in New York, NY

    I worked at MarketAxess full-time (More than a year)

    Pros

    Smart genuinely good people, great environment, they compensate people well.

    Cons

    It's finance. If that's not your cup of tea, MarketAxess isn't for you.

    Advice to Management

    Keep doing what you're doing!


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