Susquehanna International Group Reviews in Bala Cynwyd, PA | Glassdoor

Susquehanna International Group Bala Cynwyd Reviews

Updated August 7, 2017
131 reviews

Filter

Filter

Bala Cynwyd, PA

3.8
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Susquehanna International Group Managing Director Jeff Yass
Jeff Yass
108 Ratings

131 Employee Reviews

Sort: PopularRatingDate

Pros
  • The free breakfast and lunch are a plus as well as the free onsite gym (in 40 reviews)

  • Free Lunch, gym onsite, relaxed atmosphere (in 63 reviews)

Cons
  • very long hours, lack of training (in 30 reviews)

  • Not great work/life balance - could be working 10/11 hours with no breaks (in 7 reviews)

More Pros and Cons

  1. "sweet spot in a great location"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Bala Cynwyd, PA
    Current Employee - Senior Software Developer in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Susquehanna International Group full-time (More than 8 years)

    Pros

    - very smart, hard working, caring employees
    - lots of interesting technology (low latency, big scale or high uptime)
    - good technical autonomy (anything is on the table as long as the ROI is right)
    - motivated people can move around in the company to stay interested
    - decent work life balance (better than most of Wall St, or so I've heard)
    - many on-site amenities (big gym with lots of showers, car mechanic pickup)
    - great location just outside of Philadelphia (one mile off the beautiful Schuylkill river trail, perfect for bike commuting)
    - common sense approach to management (remoting in to stay home with a sick kid can be fine)
    - great compensation for the area
    - strong rational decision making culture
    - very flat structure (not much overhead)

    Cons

    - compliance with financial regulations (monitoring and recording all outside communications)
    - takes conservative approach to intellectual property (all code stays on-site, no open source contributions)
    - trading hours aren't flexible (being in the office to support 9:30-4 trading is a priority)
    - some management growing pains as the firm gets bigger
    - very flat structure (not much clear advancement)

    Advice to Management

    - keep looking for the best balance between what the rest of the world has to offer and the necessary trade offs given the business
    - figure out a way to recognize career growth without having a huge management hierarchy


  2. "Great place to enhance dev skills"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Bala Cynwyd, PA
    Current Employee - Software Developer in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Susquehanna International Group full-time (More than 3 years)

    Pros

    Management is open to developers testing new technologies. Interesting speakers in all facets of tech and business come in for sponsored talks. Owner is easy to talk to. Coworkers genuinely want to improve their tech skills and help each other.

    Cons

    Adoption of new tools/systems can be too fast; causing a lack of consistent implementation across teams.

    Advice to Management

    Pick a set of tech and tools to focus development efforts on. Let the tool simmer a bit before opening it up to other teams.

  3. Helpful (5)

    "probably good for traders, outside of that, no"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tax Specialist in Bala Cynwyd, PA
    Current Employee - Tax Specialist in Bala Cynwyd, PA
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Susquehanna International Group full-time (More than a year)

    Pros

    *exposure to a lot of different tax returns
    *free breakfast & free lunch
    *free onsite gym
    *dry cleaner, car maintenance service, detailing done at a discount onsite
    *company wide events

    Cons

    *50 hour work week - ends up being more hours than public "busy season"
    *the commute to City Ave from city/Jersey sucks
    *people aren't friendly or very helpful
    *asking questions gets you criticized and berated
    *no formal training
    *flat structure - no room for growth
    *ZERO flexibility to leave early or work from home

    If you enjoy being having a manager that makes you cry, this is the place for you.

    Advice to Management

    Cut back to 40 hour work weeks. Allow people to work from home. Teach instead of tear apart.


  4. Helpful (5)

    "No work life balance"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tax Specialist in Bala Cynwyd, PA
    Current Employee - Tax Specialist in Bala Cynwyd, PA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    In the tax department you will get exposure to all kinds of tax returns. The free breakfast and lunch are a plus as well as the free onsite gym.

    Cons

    The normal work week is 50 hours, plus overtime around tax deadlines. There is little room for career advancement as the organization is "flat" and everyone in the department is considered a Tax Specialist.

    Advice to Management

    Initiate a 40 hour work week. Allow flexibility to work from home. Do something to boost morale.


  5. Helpful (2)

    "Work Hard and you will be rewarded"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Tech Lead in Bala Cynwyd, PA
    Current Employee - Tech Lead in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Susquehanna International Group full-time (More than 3 years)

    Pros

    Flat corporate culture. Freedom to build and change what you want. Little red tape. Free food

    Cons

    Long hours and high expectations.

    Advice to Management

    Keep doing your thing.


  6. Helpful (2)

    "Work Had, Play hard."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Proprietary Trade Support in Bala Cynwyd, PA
    Former Employee - Proprietary Trade Support in Bala Cynwyd, PA
    Positive Outlook
    Approves of CEO

    I worked at Susquehanna International Group full-time (More than 3 years)

    Pros

    Fun work environment
    Awesome exposure to cutting edge technology
    Cool Projects
    Constant food and free lunch are a nice touch.
    Gym and showers on site.

    Cons

    Flat Management Structure, no real room to grow
    Constantly doing internal reorganization of teams and leadership
    Long hours expected. Your pay is for 50 hours a week.
    Pay is low when comparing to other trading firms
    They push a lot of the nice to have things as huge benefits to make up for low compensation.


  7. "Great company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Travel Agent in Bala Cynwyd, PA
    Current Employee - Travel Agent in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Susquehanna International Group full-time (Less than a year)

    Pros

    -People are friendly and knowledgeable.
    -Breakfast, lunch and snacks are offered daily.
    -The gym is great!
    -On site nurse
    -Pay and benefits are competitive including time off.
    -Most respectful workplace I have experienced.
    -Vacation time offered in standard
    -great maternity leave
    - Compassionate upper management
    -Very beneficial to see how these great entrepreneurs live day to day lives.

    Cons

    -Offices need some update (which they are working). They should hire a designer that has studied what colors lead to the best productivity.
    - Not a pet friendly workplace... yet

    Advice to Management

    The owners are so ahead of the times, they are constantly evolving without even realizing it so keep up the good work. I am excited to see what the future holds for the company as a whole.
    For those who are not in trading, offering more education to understand the basis of company would be great.

  8. Helpful (18)

    "Conflicting Culture. Long Hours. Bad for Tech."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Engineer in Bala Cynwyd, PA
    Current Employee - Engineer in Bala Cynwyd, PA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Susquehanna International Group (More than a year)

    Pros

    Fair disclosure: for every pro listed below, there's a "business reason" (e.g. productivity) for it and therefore, a con. Also, beware of the fake reviews - the 5 star reviews contrast greatly with the ones with low rating.

    - Free food (Breakfast, Lunch and if you're lucky, take-out). Although you forfeit your lunch break/going-out-with-colleagues-ever
    - Okay people to work with (despite some favoritism, like in any organization). The culture does in a way encourage "mediocrity" due to the clerical nature of work.
    - Casual dress code (collared/polo shirts with jeans/sneakers - no T-shirts. But, SIG T-Shirts are allowed... Huh?)
    - Convenience of facilities such as dry cleaning, laundry, car repair, detailing/body works, hair dresser etc. on site!
    - Gym classes, if you have the time and money (most of them cost money)
    - 401k with 6% matching

    Cons

    - I have seen over 5 people leave within the same team within less than a year. Clearly, the management doesn't want to listen and respond.

    - Highly disorganized processes / inconsistent workflow at times with certain things that can leave (new) employees feeling stuck, drained, frustrated and even bored. If you're a creative person, this could be a nightmare.

    - Despite what the HR/company claims about "openness" within the culture, the promises fall short at times when people are afraid to be themselves/express themselves freely, or have candid conversations with the senior managers. The place has a strange, hierarchial, corporate vibe to it - despite their "attempts" to make it Silicon-like - it's simply not and can't be.

    - Free food = no going out, working throughout the day at your desk (no lunch break) or ...lunch meetings 2-3x a week. Smart move to keep you in the office.

    - Long hours - min. 9 hour workdays mandatory (8 to 5, or 9 to 6) without breaks (45-50 hour work week typical). Yes, lunch is provided but in a way, it is a smart move to keep you in the office the whole time. Most folks eat at their desk either while working or at a stupid Lunch meeting 2-3x a week. The culture doesn't encourage "going out" for lunch at all. Work life balance is terrible.

    - Due to the quasi-"flat structure" of the company, there is little to none opportunity for advancement/career growth.

    - No remote/work-from-home/flextime/flexplace policy for Tech! Really. They have the available secure technology to let employees work from home but no official policy. The managers may give you an okay on working from home under extenuating circumstances (you'll hear a word or two about it) but it seems like the practice is discouraged in the culture.

    - Purely Decorative "game room" with XBOX/Playstations, 3D golf, poker room, library, gym, etc.: Yes, they have all these facilities they brag about that any employee/interviewee will fall in love with, but where is the time to use these? And if so, when is the right time? Perhaps, if you have time and energy after a 10 hour workday, you can go to the gym, but the rest of the facilities are largely decorative. All I see is work, work, work.

    - Regulation, regulation, and more regulation: I am very uncomfortable with this. Part of it is to do with the finance industry, but they have a highly restricted web/surfing. ALL emails, IMs, messages are archived for years and monitored. I'm not alien to this policy at other companies, but the measures here take it slightly overboard, and ultimately people have to keep watching themselves at all times. This greatly conflicts with the "open culture". Also, Gmail/other external email systems, paste bin, etc. (basically anywhere you could type over 1 sentence ) are blocked out of fear of you exporting their trading secrets - this shows their distrust in employees and frankly the distrust is mutual.

    - Little appreciation for work unless you are an old timer.

    - 90% of the "fun events" advertised are held after 6 PM. Why would anyone, after a 9-10 hour workday want to go to poker or a meeting for "team building", unless they are peer-pressured (which this place has a tendency to do) ? This is bizarre, bad for employee health (i.e. no gym time) and work-life balance. Often times, their focus on the teams can fall short. Teammates at times seem to be imposing and nosy.

    - Outdated technology to work with. Bad for technologists / software engineers! E.g. many teams are having discussions about migrating to "JIRA" (vs. the 1990 version of an inhouse product they used) in 2017 - something companies did 5 years ago! They don't want to invest in technology (or do the bare minimum) - everything has to be made into a "business case" and in terms of productivity without regarding what's new and what's best for employees.

    - Definitely, not for millenials or people who are creative and want to be part of the "new" side of tech.

    - Work is largely company-specific. If you work here for some time, you'll ask yourself what are you taking with yourself to your next job? At other places, 70% of the work is specific to the nature/industry (e.g. for a software developer, it would be software development) and 30% would be company process-specific. Here it can be the opposite. 70% of the things you do will only be applicable to SIG and their systems. Where is the benefit for employee? What is the employee gaining out of it in the long run?

    - Limited PTO (15 vacation days+2 personal days). Not the best in pay or benefits (health insurance, dental, etc.). Benefits are stingy (or just okay). Educational assistance takes 6 months to kick in. Fair disclosure: unlimited sick days (of course, they expect honesty from employees using them which is fair).

    Advice to Management

    Overall, SIG is like a 1970 car model. You can paint it, replace parts, change accessories, and maintain it up-to-date, but at its core, it is an old-fashioned, uptight trading firm, albeit seemingly much relaxed compared to its competitors.
        Also, while management won't listen and hasn't responded to this, it'd be good if they focus on bringing in real work-life balance, esp. for techies instead of superficial measures to keep employees at the office even after a long work day. No flextime/remote work policy is bad for anyone in tech. The dated processes and technologies leave many smart employees unmotivated.


  9. Helpful (3)

    "Best company I have worked for so far."

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

    I have been working at Susquehanna International Group full-time (Less than a year)

    Pros

    -Great positive team,
    -Good compensation
    -Free breakfast and lunch which changes daily
    -Good work life balance as long as you work hard and efficiently while at work
    -Great gym and gym classes (paid but subsidized)
    -Modest but very smart people
    -Poker tournaments and company events
    -The best school neighborhoods in Lower Merion, Radnor, Tredyffrin.

    Cons

    -Health benefits are not that competitive
    -Traffic in Philly
    -Lack of other opportunities in Philadelphia for spouse (depending on discipline) if you move from out of state.

    Advice to Management

    Keep doing a good job and keeping up the reputation. I have had a wonderful time and I do not regret my move from the west coast at all. I feel challenged and feel I can contribute well to this organization. The recruitment process was seamless and very professional.


  10. "Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Assistant Trader in Bala Cynwyd, PA
    Current Employee - Assistant Trader in Bala Cynwyd, PA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Susquehanna International Group full-time (Less than a year)

    Pros

    Smart people all around, lots of great learning opportunities.

    Cons

    Don't do much for first year.


Showing 131 of 334 reviews
Reset Filters