TransMarket Group Reviews

Updated May 19, 2020

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3.6
61%
Recommend to a Friend
61%
Approve of CEO
TransMarket Group CEO Doug Adams (no image)
Doug Adams
17 Ratings
Pros
  • "Team- I knew the team was smart when I joined- but I am in awe of the team TMG has put together(in 11 reviews)

  • "The traders even get taught in a course from the CEO via TMG University(in 11 reviews)

Cons
  • "Ideally there would be more communication on firmwide strategy expansion plans so the junior traders can help(in 9 reviews)

  • "Long interview process, sometimes long hours (but not like i-banking)(in 3 reviews)

More Pros and Cons
  1. "Software Development Intern"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Software Developer Intern 
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at TransMarket Group

    Pros

    Really intelligent people, cool culture, free breakfast, lunch, and dinner, free cereal and soda,

    Cons

    There aren't really any cons.

  2. Helpful (16)

    "Political Culture; Sexist; Hierarchical"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trader 
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at TransMarket Group full-time for more than 3 years

    Pros

    Good training for new hires

    Cons

    The firm's either great or awful, depending on which team you end up on. The lucky people who joined early are now managers of the desks, some are great while others have no clue about management, barely shows up to work, and only promote those with glib tongues. The firm also hires high numbers of internationals in need of EB5 and significantly under pay them knowing they are less likely to leave. Very low base salaries compared to the industry. Bonuses are good for those who joined the firm early, but any later joiners are churned after they burn out on overnight shifts. Also, the firm has catered meals so employees work longer, and "unlimited vacation policy" so everyone feels pressured to take none.

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  3. Helpful (1)

    "Good company, collaborative culture"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 

    I worked at TransMarket Group full-time

    Pros

    Good company and great collaborative culture

    Cons

    None that I can think of.

  4. Helpful (12)

    "Unprofessional organization"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Trader in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at TransMarket Group full-time for less than a year

    Pros

    Quiet work environment. They order in decent lunches and breakfast for employees. Nice coffee machine. Location across from Union Station is convenient.

    Cons

    Almost no women are employed here. 90% men. Lots of people drink on the job. They dress very casual for an office environment, like they are at home doing laundry. They are disorganized and gossipy, but that is most likely because most employees are recent graduates with no prior professional experience or immigrants trying to stay in the country on work visas. These people have no sense of urgency, and then when things aren’t completed “on time” they blame others and pass the buck. They have high employee turn-over. I guess if you want to spend your life staring at a computer all day and drinking, this could be the job for you. If you’re a professional and seek a professional work environment, this place is not for you. Very immature, lack of standard employee policy and training. Poor internal communications. They have a very depressing work culture overall. No one seems happy at this company.

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  5. "Trader"

    4.0
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    Former Employee - Anonymous Employee 
    Recommends
    Positive Outlook

    I worked at TransMarket Group full-time

    Pros

    - Great technology - Market access

    Cons

    - Monthly expenses above market

  6. Helpful (1)

    "trader"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at TransMarket Group full-time

    Pros

    solid company, smart people, mobility

    Cons

    none I can think of

  7. Helpful (18)

    "Pathetic compensation"

    2.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Algorithmic Trader in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at TransMarket Group full-time

    Pros

    Free lunch is nice, some smart people, annual ski trip benefit.

    Cons

    If you are a STL (Algo Trader) be prepared for sub par payout and to be out compensated by "RV" traders. RV traders are the jock old school type of traders who actually just turn on the trade and do nothing else. Also you only get paid 50% of your bonus. I think this is the case for everyone at transmarket. If you are a competent programmer, I would never come here of you can avoid it. Seriously. You'll be out earned by all of your classmates who went to real trading firms.

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  8. Helpful (5)

    "Intern"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     

    I worked at TransMarket Group

    Pros

    good training, company outings, great culture

    Cons

    not a lot of guidance sometimes

  9. Helpful (5)

    "World Class Trading Firm"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Trader in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TransMarket Group

    Pros

    Excellent relative value trading firm built for the long run. Our CEO Doug Adams does a tremendous job managing risk and treats all employees fairly. The people and the culture are the key behind TransMarket Group's success. Individuals are creative, ambitious, and always strive to do things better. A select few are truly world class in their discipline. Our firm has an entrepreneurial, team-oriented culture and is highly meritocratic. Training program is one of the absolute best on the street.

    Cons

    If you're interested in job titles, this is not the place for you. TransMarket Group doesn't have the same name recognition as a major investment bank. Management doesn't spend money on expensive office space (would rather allocate the money to employees in year end bonuses).

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  10. "trader"

    3.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Trader in Chicago, IL
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at TransMarket Group

    Pros

    good place to learn. very comfortable and convenient. good place to start. tasty food by the way. hope i can stay there longer so that i can learn more and be more proficient

    Cons

    no cons at present. it gives me enough time and knowledge. hope i can stay there longer so that i can learn more and be more proficient

    Continue reading
Found 43 reviews