Optiver "work life balance" Reviews | Glassdoor

Optiver Employee Reviews about "work life balance"

Updated Mar 6, 2019

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4.2
88%
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Pros
Cons
  • "Bit of discrepancy in salary between developers and traders(in 10 reviews)

  • "Long hours are expected, management doesn't allow for mistakes, there is a lot of pressure(in 9 reviews)

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Reviews about "work life balance"

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  1. Helpful (2)

    "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Optiver full-time for less than a year

    Pros

    Lots of Intelligent folks Interesting problems to solve Good work life balance with 25 vacations a year Casual dressing Good Food Fast growth

    Cons

    Compensation can be more fair

    Continue reading
    Optiver2018-01-20
  2. Helpful (4)

    "By far the best place I have worked in my 15+ year career"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Applications Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Optiver full-time for more than 3 years

    Pros

    I have worked at two large and successful companies and one smaller government position since graduating college. Working at these other companies really lets me appreciate working at Optiver and all the benefits therein. Compensation - salary, bonus, health insurance, 25 vacation days on top of all the market holidays, and the dollar for dollar 401k match make the compensation is top tier. Culture - incredibly strong culture. Almost everyone working here checks their ego at the door and the best ideas win. The focus is on long term growth and doing the right things not only for Optiver but for the market. Executives /leadership - The people steering the ship at Optiver not only have great vision and insight they know their employees and hang out and have a beer on Fridays after work. Outlook - Amazing outlook and growth. Optiver Chicago is the best at pricing options on the SP500 complex globally. Seeing the current trend of money moving into passive index funds Optiver is poised to keep growing even in a low volatility market. Work/life balance - The after hour and weekend work here is very limited and much less than when I worked at other large companies. You are treated like a person here and if you have a family emergency people will go out of their way to cover for you. Perks - Coffee barista, catered breakfast and lunch, huge variety of snacks and drinks, ping pong table, pool table, weekly massage, beer and wine available after work. All free.

    Cons

    Optiver is flat organization. Overall I think being flat is better but it could feel like growth is limited. You have to work at a high level each and everyday. Once again I feel like this is a benefit. If you are not performing over a sustained period you will eventually get cut but this makes Optiver stronger as there is no dead weight.

    Optiver2017-12-28
  3. Helpful (2)

    "Amazing place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Optiver full-time for more than 8 years

    Pros

    People, technology, pay, work/life balance, great office

    Cons

    Always slightly understaffed which makes it hard to grow as fast as we would like.

    Continue reading
    Optiver2017-11-14
  4. Helpful (6)

    "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - IT Operations in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Optiver full-time for more than a year

    Pros

    The benefits and perks at Optiver are really stellar. It is a very good place to work. The work is fast paced and exciting. There is an opportunity to work with cutting-edge technologies. Most of the people are a pleasure to work with. The job can be stressful at times, but the work life balance saves it. 25 vacation days is well ahead of other companies outside of the trading industry.

    Cons

    Salaries seem to lag behind competing firms, especially in IT operations. Optiver seems to be losing excellent rising engineers because salaries are not keeping pace with other firms out there.

    Optiver2017-08-29
  5. Helpful (2)

    "Putting people around the problem"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Engineer in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Optiver full-time for more than 3 years

    Pros

    - People figure out how to own and solve problems, aren't told how to solve them from top down - Great people (traders and engineers) to work with, respectful environment even when chaotic, smart people who leave egos at the door - High pay, benefits - Work/life balance, even in senior roles - Promotions/bonuses based on merit, not longevity or connections - As an engineer, you have the resources to build really well-engineered systems

    Cons

    - Very competitive industry, a solution that worked last year needs to be improved constantly to work next year, never done solving a problem, moving target - Hard to measure improvements to systems in constantly changing market - Sometimes decide to throw away code you worked hard on, can be tough

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    Optiver2017-09-09
  6. Helpful (3)

    "Trader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Trader in Chicago, IL
    Recommends
    Positive Outlook

    I worked at Optiver for more than 3 years

    Pros

    Entrepreneurial environment, smart colleagues, great work/life balance, intellectually stimulating, great place to learn a discplined trading mentality

    Cons

    As with any trading company, culture is a bit secretive. If you go in understanding this, you will respect boundaries and be fine.

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    Optiver2016-04-04
  7. Helpful (4)

    "Best place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Trading in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at Optiver full-time for more than 10 years

    Pros

    Great culture, great perks, great salary, great work/life balance. Hopefully I won't ever have to work anywhere else

    Cons

    Always hard to find the right candidates so always a bit short staffed

    Continue reading
    Optiver2015-12-16
  8. Helpful (4)

    "Intense and well compensated"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at Optiver full-time for more than 3 years

    Pros

    Extremely smart and driven people in both trading and technology depts., very competitive compensation, good training, fast paced environment, good work/life balance, opportunity to own equity, good benefits both in and out of work (massages, free lunch, company outing, health insurance, 401k match, etc.)

    Cons

    Work didn't seem meaningful, leadership is inconsistent, soft skills are undervalued, company is unknown outside of the trading industry, trading has a rough reputation if you ever look to leave the industry.

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    Optiver2015-12-26
  9. Helpful (6)

    "Excellent company that continues to do better and better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL

    I have been working at Optiver full-time for more than 5 years

    Pros

    Optiver shines because it has all of the backing of a strong, successful, multinational corporate firm, with the flat structure and culture of a start-up. Here are some points that highlight this: - Superb perks/benefits and compensation. Bonuses have been consistently high for the past few years, and are only going up. There will be plenty of 7 figure bonuses this year. - You can move up very quickly. It should only take you a few years to reach the highest trader level if you are doing well. - Unlike so many other trading firms, profits are shared, forming the foundation of the teamwork-oriented culture. There is a natural incentive for information sharing and collaboration, "all you have to do is ask." Everyone wants to see others succeed because we all want to see the pie get bigger. - Plenty of autonomy. Good traders learn to become good entrepreneurs, pursuing success through the projects they choose. As long as you can support your ideas (over competing ideas) with logic and data, you will be able to get the resources to execute them. - Excellent work-life balance. Most traders are here from 700AM-530PM. Most traders don't come in on weekends, though some choose to. - Plenty of transparency.

    Cons

    - When IT is busy, it can be difficult to get your idea or project developed in a timely manner. - Continuing education could be better, although we are working on this.

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    Optiver2015-11-22
  10. Helpful (3)

    "Optiver chicago"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Trader in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at Optiver full-time for more than 3 years

    Pros

    Allow employees to work fairly autonomously in regard to pursuing initiatives they believe to add value. Very competitive in terms of compensation and great work/life balance

    Cons

    Performance reviews seemingly rely too much on the subjectivity of office politics rather than being grounded strictly in objectively measurable results.

    Continue reading
    Optiver2015-08-16
Found 30 reviews