Optiver Developer reviews

4.3

79% would recommend to a friend

(85 total reviews)

63% positive business outlook

Developer employees have rated Optiver with 4.3 out of 5 stars, based on 85 company reviews on Glassdoor. This indicates that most Developer professionals have an excellent working experience there. Optiver is rated in line with the average (within 1 standard deviation) by Developer professionals compared to other employers within the Financial Services industry (3.7 stars).

Reviews by job title

85 reviews
5.0
May 18, 2018

Continuous Improvement

Recommend
CEO approval
Business Outlook

Pros

I've worked at Optiver a long time. Every year it gets better. - The company is managed on the basis of principles and values, not process or politics. - Those principles and values align very nicely with mine: -- Autonomy: there is very little hand-holding and extraordinarily high expectations of individuals in the company. The company rewards those that keep pushing those expectations higher with greater responsibility and authority. -- Collaboration: there are a lot of great fights over the right way to approach a given problem. When we're at our best, everyone in the fight has a strong opinion but is also listening to everyone else and continually re-evaluating that opinion as new information, ideas, and opinions are expressed. -- Prudence: the company carefully evaluates risk/reward trade-offs both when it comes to trading and technology decisions. The latest fads (cryptocurrency, esoteric programming languages, etc) are carefully evaluated, but reckless pursuit of them is frowned upon. I'll end with a sports analogy. Working at Optiver Chicago is like playing for the Patriots or the San Antonio Spurs. It certainly isn't for everyone. But if you like competing for the championship every year and always pushing yourself to be better, there's no better team to join.

Cons

If the company values do not align with yours, you will find it an increasingly frustrating place to work. Honestly, just read the cons from other posts and you can see how that plays out. If you find the principles above strange, out of fashion, or backwards, you'll agree with other people's cons. If you think those principles are refreshing, you will have a hard time coming up with many cons.

1.0
Dec 21, 2017
Recommend
CEO approval
Business Outlook

Pros

Free lunches that usually taste good. Probably still a great place to work as a trader. Potentially a good stepping stone to other HFTs.

Cons

Used to be great, but then the old management was replaced by bean counters that don't value technology. To cut IT costs, instead of honest redundancies, they gave artificially low performance reviews to developers en masse to force people out. An awful place to work as a developer now because it's really hard to get recognition or promotion. Used to be BRW's Number 1 Place To Work in Australia (2013), now not even in the top 50.

1.0
Oct 9, 2017

No Longer a Great Place to Work

Recommend
CEO approval
Business Outlook

Pros

Optiver offers a reasonably competitive compensation package for recent graduates.

Cons

In the past few years, Human Resources has done a particularly good job at marketing the Optiver brand, with Optiver typically attending career fairs of the top universities and sponsoring the most recognised trading and data science contests. A closer look shows that many of Optiver's claims stretch the truth and some are outright falsehoods. For instance, Optiver calls itself a "Great Place to Work", no doubt referring to its performance in the Best Places to Work in Australia survey, in which it achieved 2nd place in 2014. What Optiver neglects to mention is its paltry performance in recent years within the same survey, with placements of 3rd and 6th in 2015 and 2016. In 2017, in fact, Optiver failed to make the list entirely (25 total spots). It is concerning that an organisation that supposedly champions truth and merit invests so heavily in building its image. I suggest looking to third-party sources for verification -- Glassdoor's own Rating Trends is a good place to start. The truth is that Optiver Australia, which trades the Asian markets, has not been doing well. Following the exchange upgrades in Japan, which have made the exchange more deterministic (think winner takes all), Optiver has no longer been able to get as many trades as it shoots for. Mind you, Nikkei and Topix were once significant income streams. Add to the picture changes in Hong Kong regulations pertaining to Stamp Duty (think trading fees) that has forced Optiver to close its corresponding basket versus ETF desk, also a big money maker in the past. Take my advice, if you are choosing between Optiver and a competitor, go with the latter. Following bonus season, I am doing the same.

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Glassdoor has 834 Optiver reviews submitted anonymously by Optiver employees. Read employee reviews and ratings on Glassdoor to decide if Optiver is right for you.