Optiver Reviews

Updated May 10, 2021

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4.2
82%
Recommend to a Friend
Pros
  • "People, work environment, remuneration, work life balance(in 33 reviews)

  • "Very nice and smart people to work with(in 21 reviews)

  • Cons
  • "Long hours which are (unfortunately) an industry standard(in 10 reviews)

  • "Relies strongly on organic growth, doesn't hire many experienced traders(in 9 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, less than 1 year

      Great company to work for

      Apr 20, 2021 - Software Engineer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good work-life balance, good pay

      Cons

      Technical debt in older projects (effort starting to go into it), bonus only comes once a year

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    2. 4.0
      Current Employee, more than 1 year

      Mostly Good

      Apr 10, 2021 - Data Scientist in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Performance based. Collaborative. Flat structure. Exponential compensation growth. Interesting work.

      Cons

      Not all peachy, but not going to go into it. If you don’t perform, you will eventually get fired.

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    3. 5.0
      Former Employee, more than 3 years

      Better than any of its competitors in terms of WLB and compensation

      Feb 7, 2021 - Quantitative Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The compensation growth is much better at Optiver than a place like Citadel and JS although in the beginning, it can be a tad bit lower

      Cons

      Extremely competitive and very tight view on risk.

      3 people found this review helpful
    4. 5.0
      Current Employee, more than 8 years

      A top tier trading firm

      Sep 18, 2020 - Senior Software Engineer 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Optiver is ambitious and continues growing. There is a competitive spirit, a desire to be the best and long term aspirations. - Optiver realizes that people and talent are key to success. - For motivated, disciplined, ownership-seeking individuals there's tremendous upside and growth potential. Lots of examples of junior and campus hires eventually progressing to senior leadership positions. - Leadership takes transparency seriously. Not everything can and will be shared with everyone. However, compared to most places, a huge premium is put on transparency. - Optiver is a collaborative company. There's minimal intra-office competition. - There's a good quorum of technical and trading leaders that have been with the firm for a number of years.

      Cons

      - Optiver isn't without flaws, just like any other company. - When you have group of ambitious high-achievers, it's bound to create occasional tension. - There's always a crunch for resources. This can lead to difficulties focusing on the right things and tough decisions. - There are a number of areas, both internal and external, where Optiver should be more aggressive.

      3 people found this review helpful
    5. 1.0
      Former Employee, less than 1 year

      weak management, incentive structure, and retention

      Dec 15, 2020 - Trader in San Jose, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I was on the D1 team that performed strongly in 2018 and 2019. It was due to a combination of collaboration, hard work, lucky timing, and first innovators and pioneers to the industry.

      Cons

      There was a lot of turnover. Most of the people that were on the team in 2017 are no longer on the team. The good ones left for greener pastures (including myself) or for different industries, and only the leaders and management are left. The management does a terrible job recognizing people's achievements and also like to withhold promotions. As a result, the distribution of seniority is very polar (a bunch of partners and a bunch of low-level employees). They also keep you in the dark about high level projects and goals and just expect you to do work assigned to you without any context or innovation. There is a lot of micromanagement. When conditions change and they need a new round of innovation/work, I can guarantee the personnel, talent, and motivation will not be there the second time around.

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      5 people found this review helpful
    6. 5.0
      Current Employee, less than 1 year

      Great place to work

      Feb 24, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good compensation; good recognition of contributions; fun/motivating culture

      Cons

      Teams are pretty isolated sometimes; you have to perform well

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    7. 5.0
      Current Employee, less than 1 year

      Great people, challenging work

      Nov 21, 2020 - Trader in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Compensation. Particularly the bonus growth in first ~3 years - Collaboration. Teamwork is valued highly - Innovation. The problems and technical/quantitative solutions are on the forefront of the industry

      Cons

      - Career growth is self-directed. You are guided, but it is still up to the individual to find the best way to apply his/her skillset and interest to have a largest impact - There can be ambiguity in how the company assesses contribution as it tries to balance results vs quality of ideas/process - US only has a Chicago office, but there are plans to expand geographically to other major tech and financial hubs

      3 people found this review helpful
    8. 5.0
      Current Employee, less than 1 year

      Good Culture

      Feb 2, 2021 - Quantitative Trader in San Francisco, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great Pay, good culture and tons of talented coworkers

      Cons

      Lots of pressure but it comes with the territory nothing to be done about it

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    9. 5.0
      Former Employee, more than 1 year

      Great company

      Feb 4, 2021 - Technical Operations Analyst in New York, NY
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Best perks you can find in a job

      Cons

      Not for some people... including myself

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    10. 5.0
      Current Employee, less than 1 year

      Great place to work

      Jan 21, 2021 - Software Engineer 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting problems and good people to work with

      Cons

      Not enough people to get things done

      Continue reading
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