CME Group Software Developer reviews

3.8

65% would recommend to a friend

(84 total reviews)
avatar

Terry Duffy

93% approve of CEO

90% positive business outlook

Software Developer employees have rated CME Group with 3.8 out of 5 stars, based on 84 company reviews on Glassdoor. This indicates that most Software Developer professionals have a good working experience there. CME Group is rated in line with the average (within 1 standard deviation) by Software Developer professionals compared to other employers within the Financial Services industry (3.7 stars).

Reviews by job title

84 reviews
2.0
Jan 11, 2018
Recommend
CEO approval
Business Outlook

Pros

Great benefits and PTO Good work life balance and WFH policy OK base salary with a potentially great bonus Pension (though small, most companies really don’t even offer this) If you really look, you can find small groups of smart talented people Insanely profitable business, with little competition (really almost none at all)

Cons

Lots of favoritism, especially towards remote Belfast and India offices, and frustrating organizational politics. Additionally, there isn’t any transparency from upper management on how decisions are made or if there’s any data to back those decisions. These points, as well as all the “security” related policies, which just end up wrapping everything in red tape, ultimately drove my decision to leave. Also, there exists in CME a know-it-all culture among senior management, where they seem to bury their heads in the sand in regards to pain points and the insane bureaucracy. This attitude of “everything is great and we have no problems” results in nothing changing and all these pain points only becoming more and more painful. Another huge frustration is the “throw some stuff at the wall and hope it sticks” mindset, with zero accountability when projects fail and it doesn’t “stick” (and usually it doesn’t). From a technology perspective, lots of talk about “innovation” and “hiring the best” but that’s mostly just talk. The tech stack is a quite boring in most teams, with a few exceptions. In fact, when it comes to tech, the company is really just playing catch up at a brutally slow pace (mainly due to extreme red tape brought on by “security” measures, many of which are excessive and have nothing to due with real security). From a hiring perspective, the technologists that are hired tend to be picked based on either industry experience or just the gut feeling of someone with a big shot title, and rarely on the applicant’s actual technical skill. Too many hiring decisions are made from the top down.

4.0
Nov 20, 2017
Recommend
CEO approval
Business Outlook

Pros

You work on many projects that have a lot of impact on the market. Almost always challenging and fast pace. Good work life balance with and comfortable pay for being in Chicago.

Cons

A lot of politics. Sometimes you are working more over the weekends or after normal work hours if your projects require it.

3.0
Nov 5, 2017

Good in parts

Recommend
CEO approval
Business Outlook

Pros

Some good people and some interesting projects, full-stack development with everything from UI to back-end high volume message processing. A good place to learn about the finance industry since all kinds of companies trade on the exchanges and clear though the CME. It's a very profitable company that pays accordingly - bonus, shares, generous pension. Work hours are reasonable - 9 to 6 Monday to Friday , with a fair amount of flexibility.

Cons

The CME makes a huge amount of profit through what appear to be monopolies on certain marketplaces. These keep ticking over without the need for much innovation. So there isn't much incentive to eliminate "dead wood" from the payroll. Over time I think this has led to a gradual accumulation of ineffective managers and incompetent support staff who would have otherwise have been moved on. London is very much a satellite office. This is fine if you're working on a properly devolved project with local leadership, but it can become painful if the US is directly in the driving seat. It often feels as if you're brought in at the tail end of important discussions when all the key decisions have already been taken.

Viewing 76 - 78 of 84 Reviews

Glassdoor has 1,728 CME Group reviews submitted anonymously by CME Group employees. Read employee reviews and ratings on Glassdoor to decide if CME Group is right for you.