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Group One Trading

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Group One Trading Reviews

4.4

77% would recommend to a friend

(49 total reviews)

John Kinahan

92% approve of CEO

81% positive business outlook

Group One Trading has an employee rating of 4.4 out of 5 stars, based on 49 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Group One Trading employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

49 reviews
1.0
14 Apr 2013
Recommend
CEO approval
Business outlook

Pros

They take the time to train you

Cons

Its actually not profitable to be a equity options market maker anymore. Bid ask has shrunk to nothing and this firm uses a delta neutral strategy. They actually hit you with a 200k pnl bill after you start for training costs before you can start making a percentage of your pnl. I was fortunetly let go and retooled as a credit trader. I don't really see a future for companies like as the market has become very efficient and order driven.

2.0
29 Jan 2012
Recommend
CEO approval
Business outlook

Pros

-Opportunity to make a lot of money at a young age -very relaxed environment. It's a fun place to work most days -Senior Management for the most part is very friendly and approachable -I was rejected as a full-time trainee (I was hired on as an intern after I graduated) but I was hired as a full-time ops person with the idea that I could try to be a trainee again in a year or so.

Cons

-New employees are treated like pledges in a fraternity by even the lowest people on the totem pole (HR, compliance, etc.). I understand having to earn my stripes and impress the traders and my managers, but when, from day one, I have more responsibility than people who have been there for years, I'm not okay with them treating me like garbage. -Way to Much emphasis placed on "do what I say, not as I do" managers are lazy and shirk responsibility. -The best and brightest come here from the best schools in the country (Stanford, Northwestern, Kelley School of Business, MIT) and are relegated to perform menial tasks in the ops department while learning almost nothing about trading. It's no wonder that only 10% to 20% of trainees make it to become traders. -I worked incredibly hard as an intern to become a full-time trainee (they routinely hire college grads and interns with the idea that they can become "permanent" employees in a few months) but was rejected as a full time trainee. I understand that I may not have the intelligence or background as most trainees (I went to a well known public school with an awesome business school but was unable to get in) but I want it more than the other guys and did better in ops than they did. This makes me not want to do quality work since apparently it has no impact on the ability to become a trader.

5.0
25 Nov 2013

The Best Job I've Ever Had!

Recommend
CEO approval
Business outlook

Pros

I am approaching my ten year anniversary at Group One Trading. This small privately held company has given me the best job I've ever had of the 16 jobs I've held in my life. The experience you will have at Group One depends directly on your own ability to produce useful results for the company, and the department you work in. This is not a place that wastes time in endless meetings, or where schmoozing and politics are the main way to get ahead. This company is for people who are self-motivated high achievers and measure their results in dollars, not hours worked. There are many departments at Group One, and your impression of the company will depend on the type of position you have. (Each department will have its own pluses and minuses.) As someone in the Computer / IT area of the company, our day can start earlier than everyone else, and end later, depending on how the systems are behaving. Management knows this, and- unlike other companies- doesn't make you work an 8 hour shift followed by having to do late night maintenance, and then get up early and start all over again. They treat you like a human, not a machine. Most other positions at this company do not have an out of market hour requirement, and their hours are correspondingly shorter. The company is fast paced, professional, and the focus is on the business and what is needed to get the job done. Their compensation and benefits are competitive with industry standards. As can be expected in a trading company, Traders take on the most risk, and can earn the most compensation. If you've had other jobs to compare this to, you will be shocked at how little overhead there is in activities that are time wasters. The amount of management used is the amount needed to ensure the company is working efficiently and no more. No one will be breathing down your neck as long as you are producing results. These working conditions generally mean that co-workers are enthusiastic about their jobs, and most employees feel fortunate to be employed here. Employees are lively, colorful, and fun to be around. We all work as a team. When it comes to reviewing any company, we can only speak from our own personal experience. For me, I have found the company to be kind, generous, caring, and fun to work for. It's been the best, most productive time of my life. I truly feel indebted for the opportunity. I have been treated with the utmost respect, rewarded for my efforts, and shown kindness by the company at every turn. I feel obligated to defend it against some of the harsh reviews that seem to unfairly portray the company in an overly negative light. Most of those reviews are by former employees, and most people aren't very positive when things don't work out their way. Working for a trading company is volatile, exciting, and like driving a high performance sports car. You won't know how great it is until you are behind the wheel. You can only appreciate it superficially from the outside. You have to try it to fully understand it.

Cons

This is not the kiddie bowling alley. If you keep throwing gutter balls, there aren't rubber bumpers and do-overs. Your mistakes can easily cost the firm huge sums of money, and you could lose your job, or prevent your career from advancing further. This is perfectly fair, and perfectly scary at the same time. Trader Trainees have it the worst, and you will see that in the other reviews. Put yourself in the firm's position- Are you going to give your money to someone else to trade for you if you aren't fully confident in their abilities? As such, it is the duty of the company to only select the best when it comes to advancing trainees, and that unfortunately means that not everyone is selected to advance. No process is perfect, and rejection always feels personal. It's the company's obligation to shake out candidates early in the process to minimize potential losses. There must be confidence and trust on both sides of the table. If you are looking for a large corporation where you can disappear into the shadows and be anonymous, this isn't it. As with any trading company, market volatility, which is out of your control, can have a big effect on your paycheck. If you're a hand wringer, this may not be your best choice.

Viewing 1 - 3 of 49 Reviews

Glassdoor has 77 Group One Trading reviews submitted anonymously by Group One Trading employees. Read employee reviews and ratings on Glassdoor to decide if Group One Trading is right for you.