Optiver reviews

3.8

62% would recommend to a friend

(103 total reviews)

62% positive business outlook

Reviews by job title

103 reviews

Reviews about "Compensation"

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5.0
Sep 9, 2017
Recommend
CEO approval
Business Outlook

Pros

- People figure out how to own and solve problems, aren't told how to solve them from top down - Great people (traders and engineers) to work with, respectful environment even when chaotic, smart people who leave egos at the door - High pay, benefits - Work/life balance, even in senior roles - Promotions/bonuses based on merit, not longevity or connections - As an engineer, you have the resources to build really well-engineered systems

Cons

- Very competitive industry, a solution that worked last year needs to be improved constantly to work next year, never done solving a problem, moving target - Hard to measure improvements to systems in constantly changing market - Sometimes decide to throw away code you worked hard on, can be tough

5.0
Aug 29, 2017

Great place to work

Recommend
CEO approval
Business Outlook

Pros

The benefits and perks at Optiver are really stellar. It is a very good place to work. The work is fast paced and exciting. There is an opportunity to work with cutting-edge technologies. Most of the people are a pleasure to work with. The job can be stressful at times, but the work life balance saves it. 25 vacation days is well ahead of other companies outside of the trading industry.

Cons

Salaries seem to lag behind competing firms, especially in IT operations. Optiver seems to be losing excellent rising engineers because salaries are not keeping pace with other firms out there.

1.0
Dec 13, 2016

Advice from a Trader

Recommend
CEO approval
Business Outlook

Pros

Relative to the industry, Optiver compensates its traders well for the first few years. Although salary is on the low side, with traders earning 85k USD regardless of seniority, bonuses can be high. When the company is doing well, a rookie can expect a bonus that is at least the same as annual salary, and the next promotion level can expect a bonus that is four times the rookie's. Rookies are generally promoted after 2 years. The work environment is comfortable. Casual dress means some traders wear shorts and flip-flops year-round. Lunch is catered daily, and snacks are provided in the kitchen.

Cons

Optiver has done a good job in recent years with its on-campus marketing (e.g., "We improve the market", "Brilliantly different", "Collaboration and transparency", etc.). However, there is an inconsistency between the company message and the reality for many of its employees. Optiver is no longer a small, tight-knit shop; it is a corporation. If given a choice between sticking to principles and maximizing shareholder value, Optiver will choose the latter. Employees have seen this time and again, with team members forced to leave under questionable, often politically-motivated circumstances. Optiver is a great short-term play. It's a good place to start your trading career. My advice is to learn as much as you can, but always be prepared to leave and join another company for the long-term. Regardless of your abilities, Optiver is always prepared to let you go.

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