Optiver reviews

3.7

60% would recommend to a friend

(572 total reviews)

58% positive business outlook

Optiver has an employee rating of 3.7 out of 5 stars, based on 572 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Optiver 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

572 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.

5.0
May 15, 2018
Recommend
CEO approval
Business Outlook

Pros

I'm am a trader in Sydney and have been for several years. Things that have stand out to me are: -Well structured training program when you join run by a dedicated trader trainer. -Given a lot of responsibility as soon as you join a desk- Around 4 months in the job. You get paired with experienced trader(s) who will mentor you. -You will learn from some of the best in the industry. There's a reason Optiver has such consistently strong performances year on year. For example, 2017 was one of Optiver's best years- a year where most market makers struggled to turn a profit due to very low volatility. -Minimal hierarchy. If you have good ideas there's very little holding you back from executing. -Get to work on challenging quantitative problems that have a fast turn around time to see the results. -The mission statement of "We improve the market" is taken very seriously and means a lot to me. Practically this means we spend a lot of time trying to provide liquidity where it's actually needed (particularly in options and ETFs), help exchanges improve regulations to make them safer (think better error trade rules) etc.

Cons

Although the hours are reasonable by professional standards (10 hour days, no weekends), the work is intense. At Optiver you will be challenged to achieve beyond what you think is possible. I don't see this as a con because I find the work really enjoyable and stimulating. However if you aren't able to keep up or aren't passionate about working on these sort of problems, it will be not be fun.

5.0
May 14, 2018

Awesome place to work

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

High performance culture but family environment where people are incentivised to help each other. Very flat structure. Company a lot stronger than any other time in history, dominating most of the markets they trade in with a team that isn't as big as people expect.

Cons

Company grew too fast up until 2017 and hired too many underperforming staff. Recent changes have rectified this however left a few leavers unhappy.

Viewing 436 - 438 of 572 Reviews

Glassdoor has 822 Optiver reviews submitted anonymously by Optiver employees. Read employee reviews and ratings on Glassdoor to decide if Optiver is right for you.