SMB Capital Reviews | Glassdoor

SMB Capital Reviews

19 reviews

Filter

Filter

Full-timePart-time

3.9
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
(no image)
Michael Bellafiore & Steven Spencer
12 Ratings

19 Employee Reviews

Sort: PopularRatingDate

  1. Helpful (2)

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

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

    I have been working at SMB Capital full-time (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 teams

    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"


  2. Helpful (1)

    "Recommended!"

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

    I have been working at SMB Capital full-time (More than 3 years)

    Pros

    Full capitalization, infrastructure for many different kinds of trading, access to experienced, consistently profitable traders, culture of sharing & learning.

    Cons

    Can't think of any off the top of my head.

  3. Helpful (1)

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

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Head Trader Options Trading Desk in New York, NY
    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 (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 effort, SMB will bring the resources and education to you with a passion.

    Cons

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


  4. Helpful (1)

    "Excellent Experience"

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

    I have been working at SMB Capital full-time (Less than a year)

    Pros

    Excellent hands on training program that includes daily access to partners with an emphasis on the importance of hard work, communication, being part of a team and developing your strengths
    Morning meeting highlighting the stocks in play with technical and fundamental analysis
    Great culture where the employees get along with one another and everyone is happy to answer questions and share their experiences
    Amazing state of the art technology that gives me an edge against my competitors in the marketplace
    Collaborative approach where 7 figure traders lead teams and help to mentor younger traders by sharing their trading ideas and talking through stocks they are trading in real time

    Cons

    Becoming a successful trader takes time. Myself included, people generally think that success will come quickly. This is not true. Becoming a consistently profitable trader is a process where the breakthrough often comes long after the hard work, dedication and long hours is put in. There is nothing that SMB can do to change that realization. However; I am sure many people will blame management for their lack of success. At the end of the day, there is nothing that either partner can do to change the fact that the majority of traders fail.
    The only con that I can think of is that there can be better communication with regards to locating shares of stock in order to get short when stocks are hard to borrow.

    Advice to Management

    Keep doing what you are doing. Bring in the best talent that you can. Keep encouraging traders to utilize technology to their advantage and never let negativity get in the way of what you are trying to build.


  5. "Smb"

    StarStarStarStarStar
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Good work place love working here I just can't say enough about this place. I really love the pay. And paid sick leave is wonderful.

    Cons

    Everything is just wonderful I have not ran into any problems so far.


  6. Helpful (8)

    "They gave me a shot"

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

    I worked at SMB Capital full-time (More than a year)

    Pros

    I have to say that many reviews of SMB are just downright, 100% wrong.

    I came to this firm in 2015 as part of a hired class. SMB gave me an opportunity to develop into a great equities intraday trader, which I did not successfully accomplish during my time there. I was surrounded by a number of very successful traders (P/L is openly shared on the desk through our blotters, so I know what many people were making), and I was even paired up with a mentor. I simply could not overcome my own self and master intraday equities trading.

    SMB has a great culture of working hard to get better as a trader and as a person each and every day. It's not just some slogan they use, it's a real culture. I will always look back and wish I could have been successful there.

    I had every opportunity to go in the direction I wanted - whether that be scalping, algorithmic models, intraday position trading, news plays, stocks in play, low float biotechs, etc. The firm really gives traders all the resources and technology - it's just up to the trader to find their niche and excel.

    In fact, I could have simply copied trades from the more successful traders at first, and built up some success. In hindsight, I should have had a much smaller ego and done more of this. I was stubborn in my ways and kept forcing the way of trading that I thought was best - and that was clearly the wrong way to approach things.

    SMB provides a fair profit split, and reasonable desk fees (which are very low for newer traders to give them a better chance at not getting eaten up in fees).

    In essence, what I'm saying is that even though I was let go from this firm, I really do not fault them for it. They gave me the seat, the capital, the technology, the coaching, and I fully accept the responsibility of me not achieving greatness there. I think too many people don't make it as a trader at a prop firm, and then go off and talk really poorly about the firm as a means of removing that responsibility from themselves.

    Cons

    I was a bit in the dark about how much money I could lose before I would be let go. I understand the firm doesn't want to stick to any hard rules on this, and be discretionary in their hiring and firing process, but I do wish I would have known what number I should not have drawn down to before I was really in hot water with management.

    It was tough because there was no salary, but that was something I came into the situation with full awareness of- SMB told me from the get go, that there would be no salary. So, this isn't really a knock on the firm, but just an honesty about the structure that made it difficult for me.


  7. Helpful (3)

    "Training, Capital, Coaching and Support"

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

    I have been working at SMB Capital full-time (More than 8 years)

    Pros

    comprehensive training program. access to large amount of capital up to $30,000,000 for successful traders. generous splits of up to 68% with performance bonuses. access to proprietary firm technology for discretionary and automated trading.

    Cons

    after year one 100% performance based. no base salary after initial draw during first 12 month. no access to European equities or futures currently.

    Advice to Management

    add more markets and products.

  8. "A decent place to learn"

    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 SMB Capital full-time (Less than a year)

    Pros

    The environment is mostly conducive to learning. I learned a lot about reading the tape and trader psychology here. They brought in professional psychologists to give talks to the traders and they had meetings almost every day to discuss opportunities and to analyze the day's successes/failures so that we could learn from each other as well.

    Cons

    The training is decent, but a little over-priced. I wish the training was free as my class was also required to submit a capital contribution. I shelled out $5k for the contribution, $5k for the training, still had a profit split, which I never met. Trading their strategy is frustrating in markets that do not show strong momentum.

    Advice to Management

    either drop the education fee and keep the profit split, or make the split more favorable to the trader and keep the fee. when I went through the program I didn't feel like fees were in my favor


  9. Helpful (2)

    "Horrible treatment of employees"

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

    Pros

    None. Turnover is ridiculously high. Few people last for more than a few months, because they don't provide a salary

    Cons

    This is almost a scam. They claim to train you and then you split the profits, but their training is completely nonsensical. There's no accountability on the management in developing people and they just spend their time trying to maximum their own revenue by getting new people to sign up

    Advice to Management

    I can't believe this place is still in business. People who are desperate for jobs still get deceived and sign up for this


  10. Helpful (2)

    "Great place to work"

    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

    Pros

    Great culture
    Young and diverse employees

    Cons

    Nothing for an intern to complain about


Showing 19 of 22 reviews
Reset Filters