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TransMarket Group

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TransMarket Group

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TransMarket Group Reviews

Updated Apr 12, 2021

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3.3
53%
Recommend to a Friend
46%
Approve of CEO
TransMarket Group CEO Doug Adams (no image)
Doug Adams
20 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
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Former Employee

      Software Development Intern

      Oct 23, 2016 - Software Developer Intern 
      Recommend
      CEO Approval
      Business Outlook

      Pros

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

      Cons

      There aren't really any cons.

      Be the first to find this review helpful
    2. 1.0
      Former Employee, more than 3 years

      Prospectives beware

      Feb 22, 2021 - Quantitative Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Catered lunches, annual ski trip, great bonuses if ended up on one of three very profitable desks.

      Cons

      Very wildly managed firm. New joiners by luck of the draw ends up at either a profitable desk or not, irrespective of talent, just of that market's liquidity and trading dynamics. Most managers lucked into their roles by joining early but have no leadership abilities. Very exploitative culture of employees on H1B knowing they can't leave. Certain management team members trash talk women and throw tantrum fits like throwing phones on bad days. Most employees who try to leave get punished by being garden leaved.

      Continue reading
      5 people found this review helpful
    3. 2.0
      Current Employee

      If you want covid, work here

      Feb 18, 2021 - Algorithmic Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free lunches and flexible vacation policy

      Cons

      This firm has had serious issues with covid-19 response and they are only getting worse.

      Continue reading
      1 person found this review helpful
    4. 5.0
      Current Employee, less than 1 year

      Junior Trader

      Mar 5, 2013 - Junior Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I find the environment very casual and easy to work in: (very) casual dressing, ping pong table on the floor, young employees, food is paid by the company and delivered on the floor. Everyone is pretty laid back. There are also a few social events organized and paid by the company (3d ski trip in Colorado, Restaurants, GoKart...etc). Everything is done to have the employees working in the best conditions. TMG is all about merit though: what you get out from that company is what you put in. Employees start trading very quickly and get granted more responsibilities if they perform well. This is a very flat organization where all that really matters is performance (fixed salary is fairly low - 50-60k for a junior tarder, but the bonus can be very high - several hundred thousands after 1-2y of exp)

      Cons

      - flat organization so being promoted roughly only means that you get the opportunity of working on a larger desk. It's not like a big bank where you can maybe more easily start a career and work there all your life. - It is possible to work overnight for up to 2 years when you start as a junior trader (Asian or European shift)

      1 person found this review helpful
    5. 5.0
      Current Employee, more than 1 year

      Junior Quantitative Trader

      Apr 21, 2013 - Junior Quantitative Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I joined TMG right after I obtained my PhD degree in mathematics. I really enjoyed the team-based culture and competitive and challenging working environment. I did learn a lot of trading experience which is far more than I expected. It's like everyday I will learn something new both in terms of trading and modeling, very excited. I feel really lucky to choose this job rather than a pure quant job in banks or other firms. The company also organizes many AWESOME events where everyone can really get involved and enjoy. As a foreigner, it helps me a lot to learn and get involved into the American culture. As far as the pay structure, the starting base salary is relatively low compared with many other firms, especially compared with pure quant job. But bonus could be HUGE, where you will find at the end of the year, your base salary is only a small part of your total compensation. You will get a fair amount of what you contribute to the company. I like this structure since it always motivate me to work hard and improve since I can see positive result quickly.

      Cons

      have nothing to mention really

      1 person found this review helpful
    6. 2.0
      Former Employee, less than 1 year

      Unprofessional organization

      Nov 30, 2017 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      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.

      Continue reading
      14 people found this review helpful
    7. 5.0
      Current Employee, less than 1 year

      Junior Trader

      May 6, 2013 - Junior Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I graduated from a top financial engineering graduate program in December and started work at TransMarket Group in January. My experience so far has been overwhelmingly positive. Junior traders are handed significant responsibility soon after joining the firm. Learning is hands on and takes place on the desk directly from top traders. I interned for a major investment bank over the summer and this place blows it away. The casual environment makes TMG feel much more like a Silicon Valley start-up than a stuffy corporate workplace. The structure is flat and the sky is the limit. If you are hungry, analytical, and fascinated by trading and financial markets, then TransMarket Group is the place for you.

      Cons

      I can't think of any major cons. You start out working Asian or European hours but the markets are typically slower and so it's the perfect time to learn. Traders work 50+ hours/week but if you aren't willing to work hard then you are in the wrong industry.

      4 people found this review helpful
    8. 5.0
      Current Employee, more than 3 years

      Trade Logic Development

      Apr 14, 2013 - Trade Logic Developer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Trade Logic Development is a optimal blend between trading and technology. There is one trade logic developer for every trading desk. There is a enormous amount of learning in this role related to various different trading strategies, quantitative techniques and at the same time many software development techniques for trade development and optimization. The core software development team and the traders are very friendly and approachable which makes the trade logic team develop trading applications more efficiently. There is a good synergy across teams. The summer training program is very useful for trade logic developers with less finance or quantitative background. Management is transparent with its policies and it has a flat hierarchical structure. The management has good planning and long term vision and is the strongest point of the company. Best part of being an employee is work culture, sponsored ski trips, building activities and catered lunches and breakfasts.

      Cons

      the recruitment process is very intensive and long.

      3 people found this review helpful
    9. 5.0
      Current Employee

      World Class Trading Firm

      Dec 15, 2015 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      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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      5 people found this review helpful
    10. 2.0
      Former Employee, more than 3 years

      Political Culture; Sexist; Hierarchical

      Jun 13, 2018 - Trader 
      Recommend
      CEO Approval
      Business Outlook

      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.

      Continue reading
      20 people found this review helpful
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