SMB Capital Reviews | Glassdoor

SMB Capital Reviews

Updated Mar 20, 2019

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Found 29 reviews

4.0
StarStarStarStarStar
Rating TrendsRating Trends
65%
Recommend to a Friend
80%
Approve of CEO
Michael Bellafiore & Steven Spencer
21 Ratings
  1. Featured Review
    Helpful (3)

    "Equities Trader"

    StarStarStarStarStar
      Current Employee - Anonymous Employee 
      Recommends
      Positive Outlook
      Approves of CEO

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

      Pros

      SMB / Kershner Trading Group (join venture) provides one with ALL the resources they need in order to be profitable. Capital, tech, mentorship, an environment where you can learn from 7 fig traders and the list goes on. I've been at the firm for almost 3 years and seen many come and go...in most cases people go simply because they didn't have the drive, correct mindset, and/or savings to sustain the learning period but...

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      Cons

      No Cons, just a suggestion - Getting onto a team sooner and starting off with more size / risk would have been beneficial i believe, possibly would make it easier to size up down the line. With that being said once you are consistent the firm is super generous with size and capital.

      Advice to Management

      Keep doing what you're doing, specifically: - Supporting traders - Giving proven traders the freedom to express their ideas and trades - Open line of communication - Happy hours / office culture Would be cool to have monthly or quarterly awards for best performing junior and senior traders... could motivate traders a bit more. weekend away or new monitors etc could be cool prizes.

      SMB Capital2018-10-13
    • "Brand New Equity Trader, Employee of 1.5 years"

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

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

      Pros

      Ability to generate and test your own ideas in a free-form environment with the backing of the firm's superb technology, management's support, and the community's collaboration. Almost everybody here was willing to work with me from the beginning because of the general belief that long-term collaboration leads to long-term consistency and success. From this, I was able to narrow it down a core team that I enjoy working...

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      Cons

      It is what you make it. If you're not asking questions, nobody will come to you as everybody is constantly working on their own growth. If you're not providing ideas, research, or time, then nobody has a good reason to continue working with you. If you are not willing to put in work in the right way, you will fail.

      Advice to Management

      Doing great. Keep improving everyday

      SMB Capital2019-03-20
    • "The Place to Develop and Perfect your Edge"

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

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

      Pros

      SMB offers the unique opportunity to undergo guided learning as a developing trader attempting to find their niche in the market. There are numerous resources that assist a new trader in finding edge and understanding how their stats determine their effectiveness as a trader. Traders have unlimited and unfettered access to cutting edge technology including automated trading strategies and screeners. Have the chance...

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      Cons

      None. One of if not the best proprietary trading firms in the City.

      Advice to Management

      Continue to keep open communication lines with management and senior guys. This has been one of the biggest draws to the firm and is keeping us all connected, offering unique perspectives on any situations.

      SMB Capital2019-03-12
    • "Great Place to Grow"

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

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

      Pros

      Mentorship from top traders Collaboration with other traders/teams Technology Great firm leadership - really supportive of traders Low Costs

      Cons

      Primarily Intraday Focused NYC and Austin offices only

      Advice to Management

      Continue to identify and develop top talent across all trading styles Consider opening more offices to make it easier for those who dont want to live in NYC or Austin.

      SMB Capital2019-03-11
    • Helpful (5)

      "Growing firm but still has its drawbacks"

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

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

      Pros

      Growing firm in the day trading world. Some 7 figure traders with solid strategies. Some traders are consistently earning 6 figures month over month which is nice to learn from. Great use of KTG technology. (the parent company of SMB) KTG has really strong indicators and smart technology that allows you to trade rebalances and imbalances which most firms technology does not allow. KTG supplies all the capital and...

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      Cons

      Splits are terrible compared to a lot of firms. Starts below 50/50 and max out at 70%. Training for younger traders has nothing to do with the firms main strategies so if you are new to the day trading world this will probably set you back 6 months until you join a team. Training seems outdated and partners who run the training are not profitable traders so its tough to listen too. Very spread firm from top to bottom....

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      Advice to Management

      More competitive splits and lower desk fees. It can cost upwards of 4000 a month before you ever make a single trade. Get rid of training program and allow traders to join teams earlier, The old school videos are useless.

      SMB Capital2018-07-06
    • Helpful (4)

      "Sales Manager"

      StarStarStarStarStar
        Former Employee - Anonymous Employee in New York, NY

        I worked at SMB Capital full-time for more than 5 years

        Pros

        Financial rewards, PHI, Maternity Pay, Illness Pay

        Cons

        Line of communication a bit blurred.

        Advice to Management

        Be more open to staff

        SMB Capital2018-03-29

        SMB Capital Response

        April 2, 2018Partner

        this is a fake review. SMB Capital has never had a sales manager. We are a trading desk.

      • Helpful (10)

        "Best Technology- Worst training- ok trading deals"

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

        I have been working at SMB Capital full-time

        Pros

        Kershner trading group who has a joint venture with SMB supplies the capital and technology to trade. The platform is the best on the street and does give a big edge over the competition.

        Cons

        Training was horrible. I came to this firm for its reputation of training but it was nothing more than outdated youtube type videos for strategies that do not work. I learned quickly from older traders to not listen to them and focus on what the team coaches teaching.

        Advice to Management

        Both NY partners are not good traders or teachers. Stay in the office and let the traders trade.

        SMB Capital2018-01-16
      • Helpful (1)

        "Fully committed to developing highly successful traders"

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

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

        Pros

        Very supportive of traders as they develop, patience with traders who show potential. Great environment to learn from some of the best traders in the world. Proprietary platform provides unlimited possibility to develop new ideas. Access to different markets when looking for edge. Access to plenty of capital. Great culture that emphasizes process and hard work.

        Cons

        Hard to come up with any cons that don't apply to trading in general. Bottom line is you need to be fully committed to trading for a living.

        Advice to Management

        Keep investing in access to new markets.

        SMB Capital2017-12-10
      • Helpful (2)

        "SMB Capital / Kershner Trading Group, New York City office"

        StarStarStarStarStar
          Current Employee - Equity Trader in New York, NY
          Recommends
          Positive Outlook
          Approves of CEO

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

          Pros

          strong python scripting tools; generous with buying power for consistently profitable traders; new/developing traders "graduate to" a team headed by a senior trader, where there is opportunity to contribute to knowledge / strategy base and receive valuable mentorship in return; highly structured training program for brand new traders

          Cons

          skill development, especially with the python tools, requires lots of self-direction and stamina; quite modest risk (i.e. buying power, daily drawdown limit, etc) given to new traders, which means little earning potential, but that's chiefly because nearly all new traders initially lack the skills and knowledge base to trade profitably on the intraday timeframe; some "siloing" of knowledge / strategies among individual...

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          Advice to Management

          keep investing in team development; better incentivize that some work be done for the "good of the company" rather than just for the "good of the individual" or the "good of the team"

          SMB Capital2017-04-03
        • Helpful (2)

          "This is where you want to go if you want to trade for a living"

          StarStarStarStarStar
          • Work/Life Balance
          • Culture & Values
          • Career Opportunities
          • Compensation and Benefits
          • Senior Management
          Current Employee - Head Trader Options Trading Desk in New York, NY
          Recommends
          Positive Outlook
          Approves of CEO

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

          Pros

          In brief, the founders of SMB have a true passion for sharing their deep knowledge of intraday equity, futures and options trading with the traders in the firm. Unlike other prop firms which simply provide capital, SMB is obsessed with helping traders constantly improve and grow as traders. Guest speakers, educational talks and training sessions are constantly made available to the traders on our desk. If you bring the...

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          Cons

          I am not sure that I can think of a negative. I am thoroughly enjoying working with the team here at SMB.

          SMB Capital2017-03-22
        Found 29 reviews