IMC Trading reviews

4.1

81% would recommend to a friend

(331 total reviews)

IMC Financial Markets

78% approve of CEO

85% positive business outlook

IMC Trading has an employee rating of 4.1 out of 5 stars, based on 331 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The IMC Trading employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Reviews by job title

331 reviews
2.0
Mar 15, 2022

Lipstick on a pig

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Lot of great benefits. They pull all the right levers that make the work environment enjoyable. These include company trips, free lunches, gym memberships, events upon events etc. The perks are really nice and well thought out. The firm has done very well and so it is always nice to work at a winning team.

Cons

Unfortunately, the perks and other benefits fail to mask the underlying decay that has been festering ever since I have worked here (and I have been here a long time). 1. VERY DUTCH - this is a forgone conclusion and in all fairness, they have tried to correct the issue somewhat. But then their words are betrayed by some silly action coming in from AMS. At the end, know that this is a Dutch owned and Dutch run company. Their culture and ways are very different from what we expect in the US. People are sent over from AMS to be the eyes and ears for the owners. 2. NO TRANSPARENCY - very little information on important things are shared. Bonus is a black box and most people have no clue how it is determined and why it is skewed the way it is. There is always "talking points" that try to explain but it fails every single time. This place has sued its own employees. Yes it has. Many years ago a bonus leak by HR caused a huge uproar and people were targeted and sued and fired (very Putin-ish). But most people never heard why that was the case, what was found, and why these harsh decisions where made. Then the Chicago CEO at the time, who had been at the firm a long time, was unable to communicate appropriately and just made things worse. A few years later, he was fired and no reason was given as to why he was let go. It seems like major decisions, that affect a lot of people, are glazed over - but hey we do get fresh free lunch!! 3. WEAK LEADERSHIP - when the above mentioned CEO was fired, there were a few good candidate that could have replaced him. Instead they picked someone who was moldable and would not be a threat to AMS. I like the guy who is the new CEO but I think he is way over his head when it comes to creating leaders and better managers. Not his fault, the firm does not have a good leadership program or the desire to want to hire great leaders from the outside. Again, in all fairness, they hired a couple of people from the outside and they were complete disasters. But they could have done a better job recruiting the right person instead of people connected to someone on the management team.

avatar
IMC Trading Response
4y
Thanks for your feedback. IMC got its start almost 35 years ago in Amsterdam and we’re really proud of our Dutch roots. We work hard to share and live IMC’s Values, including Taking Responsibility for Others as well as Yourself, Recognizing the Best Ideas Regardless of Hierarchy, and Making Things Happen Today—and Making Them Better Tomorrow. We believe the growth and success of our US operations, led by our current CEO for the past 5 years, reflect these values. As part of our IMC Values, we have a strong belief that opportunities should go to the most qualified team members, regardless of nationality or race. Our effort to provide clear, substantive, and transparent communication is also at the forefront of our efforts, as is our commitment to continue to grow and improve. That said, we all have areas for improvement and we encourage continuous feedback to help make our team better. I strongly encourage you to stop by my office and let your opinions be heard. My door is always open and I’ll do everything I can to make sure IMC is a place where our people understand and live our IMC Values. - Mel, Head of HR
1.0
May 15, 2012
Recommend
CEO approval
Business Outlook

Pros

1. Plenty of vacation time. 2. Smart co-workers. 3. Young people given plenty of responsibility. 4. Training program teaches you about options theory. 5. Potential to make a lot of money.

Cons

1. No one is willing to go to bat / look out for anyone else. Everyone is too concerned with their own pay. If it’s not pay, then it’s fear of repercussions for speaking your mind. There is no incentive to do the just thing because fear of getting fired (or retaliation in your review, which everyone knows will directly impact your comp, so you might be costing yourself thousands of dollars just to speak your mind...or worse, the truth). As a result, you effectively trade your values for money. 2. Bonuses are on a trajectory based on previous bonuses, so one bad bonus cycle seems to have a compounding effect because you have to dig yourself out of a hole / they will use it as a way to pay you less going forward. 3. No skill development. 4. Learning opportunities are few and far between for traders. 5. Leadership is bad. They do not motivate people or bring out the best in them. They assume the bonus system will be motivation enough as is. 6. Bonus system is extremely opaque. When you go to get your bonus, you have no idea what you are going to get. 7. Complete lack of mentorship. 8. No compliments whatosever. No "attaboy" and no pats on the back. 9. Plenty of criticism, though. 10. They have their mind made up on people from the moment they start and it is next to impossible to get that opinion changed. This is true whether that opinion is positive or negative. If you’re great, you can do no wrong. If you’re not good, then everything you do is wrong and even if something good it’s a fluke. 11. Complete favoritism towards Dutch (or any non-American, for that matter). No Americans are partners and yet American office has been responsible for a majority of IMC’s growth and advancement. Dutch leaders are just installed in Chicago office like false dictators. It sounds absurd - laughable even - but it is true and has happened time and time again. 12. No strong correlation between improvements to PnL and pay. 13. Pay is wildly variant among people who have extremely comparable performance largely due to office politics and favoritism. 14. Tons of turnover. As a result, very few experienced people there. 15. Lack of ethics at all levels of hierarchy. 16. People sit at their desks and fart around and pretend to work until 5:30 even though they have nothing to do.

1.0
Sep 28, 2013

Avoid this company

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Working in the tallest building in the country. That's about it sadly.

Cons

Dirty politics, awful and arrogant management, backstabbing culture and no spirit of camaraderie amongst employees. All in all, the environment is purgatoric.

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