PEAK6 Investments Reviews | Glassdoor

PEAK6 Investments Reviews

Updated May 31, 2018
140 reviews

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2.7
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PEAK6 Investments Co-founder and Chief Executive Officer Matthew Hulsizer
Matthew Hulsizer
90 Ratings

140 Employee Reviews

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Pros
  • "The office space is impressive and can attract people to the company on its own" (in 23 reviews)

  • "Lots of good snacks, smart people" (in 15 reviews)

Cons
  • "work life balance is tough specially in technology area" (in 8 reviews)

  • "low pay for trading if not in top percentile, management is disconnected from workers, very boring work, long hours, any talking is almost prohibited" (in 6 reviews)

More Pros and Cons

  1. Helpful (1)

    "A rewarding environment to challenge yourself and learn from others"

    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

    I have been working at PEAK6 Investments full-time (Less than a year)

    Pros

    - A highly entrepreneurial culture. PEAK6 is almost unique in it's desire and willingness to invest in people and opportunities that they trust. Do your research, have a well thought out plan and senior management will support you
    - Passion orientated - the Founders are geared towards a rare combination of investment acumen with passion. They understand that successful businesses are borne out of the people's passion for what they are trying to do. They encourage team members to find opportunities they are passionate about and then run at them hard
    - High integrity - decisions are based in positive intent and colleagues speak openly and honestly
    - Positive, cross-functional partnerships - teams happy to help each other out and go out of their way to be supportive
    - A powerful combination of challenging and rewarding. The company sets out a high bar and rewards those who excel
    - Open to feedback and improvement - a genuine humility that everyone has their own areas of strength and an interest in building and improving the company's capabilities

    Cons

    - Expect to be stretched and challenged. Mediocrity is not widely accepted and therefore it is an environment which you will be pushed to hit high standards
    - Senior management recognize that there are now a breadth of teams and services going on within the company, and working to improve things like company wide communication to ensure teams know what is happening across the business


  2. Helpful (10)

    "CMO Ran the Department Into the Ground"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at PEAK6 Investments full-time

    Pros

    Great salary and benefits. Great potential to do interesting and exciting work. There were moments of the autonomy and creative encouragement promised and pitched during the interview process. Those moments were incredible. Those moments were fleeting.

    Great place for traders and tech.

    Cons

    Chief Marketing Officer was difficult to work with. Poor communicator, chip on her shoulder, maybe a fear of being exposed as a fraud fueled this difficulty. She could not lead her team or see the value in leveraging the talent of the marketing department to benefit the firm's vast business opportunities. As such, investments struggled, suffered and failed under her watch, layoffs ensued, and ultimately, the department was gutted. Those remaining were (thankfully) absorbed into other businesses owned by PEAK6.

    A huge opportunity was lost.

    CMO seemed more interested in fudging metrics to excuse her failure in leadership and marketing strategy than utilizing the talent on her team.

    Poor communication throughout organization, from leadership on down. Lots of he-say-she-say in project direction, and in the case of employee performance. Felt, at times, more like a catty high school cafeteria than a successful trading and investment firm.

    Otherwise, there were some good, fun people who worked there. It's a great trading and tech firm. Not a good place for marketing professionals.

    Advice to Management

    Live what you preach about fitting the person to the role, not the role to the person. That's a quote from the Chief People Officer. Such was not the case with the marketing department. Not at all.

    An honest approach to employee relations would help. A CMO with people skills and basic understandings of functional marketing would have saved everyone a lot of time and trouble.

  3. Helpful (8)

    "Company in transition"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Trader
    Former Employee - Trader
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at PEAK6 Investments full-time

    Pros

    Some really great co-workers
    Free food
    Great benefits
    Annual party
    Office space

    Cons

    Little opportunity for career growth.
    Management's increased focus on venture capital.
    Strange changes to desk.

    Advice to Management

    Enjoyed my time with the firm. Be straight with your people. They're smart people.


  4. Helpful (10)

    "Dedicated hardworking involved employee"

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

    I worked at PEAK6 Investments full-time (More than 3 years)

    Pros

    Good Snacks and a great holiday party. Owners are very forward thinking and fun.

    Cons

    Management, politics in office, there seems to be this sense of fake culture being force fed to everyone and the resistance is unbearable. Very negative environment to work in. Let people go without warning or reason. Non-management employees seem to be fired for poor management/project management decisions being made instead of the people making the poor decisions.

    Advice to Management

    Be better listeners there are some very talented people much smarter than some of you. Matt and Jenny are so blind to the poor culture and management crushing culture at every turn.


  5. Helpful (10)

    "More dollars than sense"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Design Engineer
    Former Employee - Design Engineer
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at PEAK6 Investments full-time (More than a year)

    Pros

    Nice office, lots of snacks

    Cons

    General disrespect of employees.
    They’ve had success in trading, though they’re a one trick pony and do not innovate. They arrogantly think this limited success makes them technology visionaries. They have failure upon failure with their business ideas. Everyone in the org knows the ideas are weak but it’s like the emperor’s new clothes and everyone pretends otherwise.

    Advice to Management

    Be self-aware, stop thinking you're experts in everything because you had success in trading.


  6. Helpful (14)

    "1 Star Company AT BEST"

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

    I worked at PEAK6 Investments full-time

    Pros

    Generous vacation time, good snacks

    Cons

    Management, Political Culture, No Growth, management does not seem to actually care about employees at all

    Advice to Management

    Hours are fine, there is decent work/life balance. The issue lies within management and the culture at PEAK6. Every day you see more people being fired for absolutely no reason and no one is given any explanation. HR is a joke there and the C-Suite management team is so disorganized. There is an extreme lack of communication and respect across all fields at PEAK6. It has been described to me as a really "negative energy" space. It is an extremely selfish and political environment - if someone does not like you (even someone low on the totem pole) for no reason at all other than being jealous or petty/immature, you will be gone within a matter of days. I do not recommend anyone working at this company and if you do, I hope you make it out with your dignity still intact. On the flip side, Matt and Jenny, the founders, seem great. They are just in the dark on so much of the going-on's of the company and how their employees really feel.


  7. Helpful (16)

    "Missed Opportunity"

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

    Pros

    - The pay and benefits are good
    - Well stocked kitchens
    - Bagels on Fridays
    - Lunch once a month
    - Somewhat of a start up vibe
    - Frequent social events
    - Depending on your role and project, there is potential to learn a lot.
    - They have a buddy system which is a great way to meet others outside of your department.

    Cons

    - The co-founders are extremely impersonal and micro manage projects.
    - Employees are seen as cogs.
    - Office layout is extremely weird. The leaders have offices with glass walls looking down on everyone else. I'm not sure if this was intended, but it's strange.

    Advice to Management

    - Take time to get to know your employees. I felt like you didn't care about anyone. As a small company, I expected it to be the type of environment where you (the co-founders) introduce themselves, show appreciation, etc, but it's the complete opposite.
    - Respect the expertise of those you hired. You are not experts in every field. Stick to what you know and are successful at.
    - You basically have two CEOs calling different shots. I'm not sure what one co-founder provides that the other doesn't outside of complexity.

  8. Helpful (1)

    "Trader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I worked at PEAK6 Investments full-time

    Pros

    Fun culture, cool office, encouraging

    Cons

    Can be political, hard to get bonus


  9. Helpful (4)

    "junior trader"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at PEAK6 Investments full-time

    Pros

    education office space location managers

    Cons

    testing mock trading learning from novices working long hours

    Advice to Management

    not everyone wants to mock trade so you shouldn't really base everything on that


  10. Helpful (14)

    "Do NOT work here if you want a career"

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

    I worked at PEAK6 Investments full-time (More than 3 years)

    Pros

    Great office space
    Free snacks
    First few months of training
    Good Benefits
    Yearly party

    Cons

    - If you are good at your role, there is 0 room for growth
    Peak6 seem to view employees as cogs in their own machine. If a cog is functioning properly, the cog stays put. It doesn't matter if the cog wants to grow/develop itself further. Allowing employees to progress in their careers might lessen turnover.

    - 95% of Middle Management
    The role of a trader is to be better/faster/smarter than everyone else around them. Much of the qualities necessary to become a good trader are the ones that doom you to being a subpar manager. Doing 360 degree reviews would allow for feedback on manager performance from those being manged.

    Advice to Management

    1) Allow employees to progress in their careers
    2) Start doing 360 degree feedback


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