Optiver Reviews | Glassdoor

Optiver Reviews

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Found 163 reviews

4.0
StarStarStarStarStar
Rating TrendsRating Trends
80%
Recommend to a Friend
93%
Approve of CEO
Optiver CEO Jan Boomaars
Jan Boomaars
16 Ratings
Pros
Cons
  • "The company is all about "face time" at the office, so be prepared for long hours (at least 12 a day)(in 7 reviews)

  • "There's not a lot of career development within the organisation and this is purely based on the flat structure(in 4 reviews)

More Pros and Cons
  1. Featured Review
    Helpful (16)

    Continuous Improvement

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Chicago, IL
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Optiver full-time for more than 9 years

    Pros

    I've worked at Optiver a long time. Every year it gets better. - The company is managed on the basis of principles and values, not process or politics. - Those principles and values align very nicely with mine: -- Autonomy: there is very little hand-holding and extraordinarily high expectations of individuals in the company. The company rewards those that keep pushing those expectations higher with greater responsibility...

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    Cons

    If the company values do not align with yours, you will find it an increasingly frustrating place to work. Honestly, just read the cons from other posts and you can see how that plays out. If you find the principles above strange, out of fashion, or backwards, you'll agree with other people's cons. If you think those principles are refreshing, you will have a hard time coming up with many cons.

    Advice to Management

    Keep preaching principles, keep ensuring the best people are happy, keep pushing us to ever higher standards, and don't worry about the noise from people who should be playing for a different team anyway.

  2. Nice Job

    StarStarStarStarStar
      Former Employee - Anonymous Employee 

      I worked at Optiver

      Pros

      Was really really really good

      Cons

      no cons really was great

    • Helpful (3)

      Not Recommended

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Doesn't Recommend
      Negative Outlook
      No opinion of CEO

      I worked at Optiver full-time for more than 2 years

      Pros

      I worked at their Chicago location. Decent starting salary Office was alright

      Cons

      A lot of their senior software engineers are incompetent. Additionally, internal organization is a mess. A lot of tasks get bounced around between teams because there is no one source of structure.

      Advice to Management

      Fire the engineers who review the HackerRanks

    • Best company I've ever worked at

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

      I worked at Optiver full-time

      Pros

      Great culture, smart and friendly co-workers, competitive salary

      Cons

      Cannot think of any

    • Helpful (3)

      Trader

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Disapproves of CEO

      I have been working at Optiver full-time

      Pros

      Great collaborative culture and friendly colleagues. Optiver is the best market maker on many markets.

      Cons

      Being on certain teams means easier to get a good review.

      Advice to Management

      Try to give roughly same ratings across teams.

    • Helpful (1)

      Good starter job

      StarStarStarStarStar
        Former Employee - Anonymous Employee 

        I worked at Optiver full-time

        Pros

        Good job for new grad, decent starting salary and opportunity to learn.

        Cons

        Growth ceiling after first couple years and bad management.

      • Helpful (17)

        Go to Akuna or Citadel instead

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee in Chicago, IL
        Doesn't Recommend
        Negative Outlook
        No opinion of CEO

        I worked at Optiver full-time for more than 2 years

        Pros

        free food free coffee weekly massage good 401k matching

        Cons

        1. senior management is made up of a bunch of cronies who are put in charge because of an old boys club mentality 2. Younger people see the obvious lack of meritocracy and are leaving for competitors, 5-6 young people have left Optiver for Citadel/Jane Street/Akuna in the last 2 years but not a SINGLE person has come from those firms to Optiver, that should be an obvious red flag to anyone thinking of joining 3. More...

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        Advice to Management

        leave

      • Helpful (9)

        Great for the right type of person. Bad otherwise.

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Anonymous Employee in Chicago, IL
        Doesn't Recommend
        Positive Outlook
        Disapproves of CEO

        I have been working at Optiver full-time for more than 2 years

        Pros

        Fantastic perks. Brilliant coworkers, smartest group of people I've ever been around. Bonuses have been great in recent years. Work can be quite interesting and there is no red tape in between you and getting your ideas out there and implemented if they show promise. I've seen new employees hit the ground running and make significant contributions quickly. Great trader training program. If you are very...

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        Cons

        Lots of pressure to always be on top of your game. They will not hesitate to cut you if you can't keep up with management's standards. A sizable portion of your compensation is determined by your individual performance, where the standards of judgement can be unclear. Management, who is responsible for this, clearly plays favorites (usually the top performers, but not necessarily). They are also very unforgiving when...

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      • Helpful (5)

        They have great perks because they don't want you to stop working

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Former Employee - Anonymous Employee in Chicago, IL
        Doesn't Recommend
        Neutral Outlook
        Disapproves of CEO

        I worked at Optiver full-time for more than 2 years

        Pros

        Transit reimbursement, paid health / dental, weekly massages, in-office barista, catered breakfast and lunch

        Cons

        Long hours are expected, management doesn't allow for mistakes, there is a lot of pressure

        Advice to Management

        Stop setting your employees up for failure. Have more frequent performance reviews, as well as clearly defined goals. HR should also be involved more if an employee is not living up to company standards.

      • Helpful (1)

        awesome employer

        StarStarStarStarStar
        • Overall
        • Culture & Values
        • Career Opportunities
        • Compensation and Benefits
        • Senior Management
        Current Employee - Anonymous Employee 
        Recommends
        Approves of CEO

        I have been working at Optiver

        Pros

        pretty good worklife balance

        Cons

        no need to mention cons

      Found 163 reviews