Optiver reviews

The company is projected as a flat organization with open communication and career progression. In reality, many of those in management are only out for themselves and are willing to throw others under the bus to advance their own careers. There is a lot of young talent in the company but a program to foster and advance careers is sorely lacking leading to many young people leaving after a few years making money ....instead of staying with the company to move into management roles. It is a constant churn and burn of talent.

The company used to be meritocratic, in that you were allowed to "eat what you kill". If you found ways to improve trading performance, or delivered ways to make money for the firm the rate of advancement was wide open. This is no longer true, and seems to have been replaced with an arbitrary system of politics. In some cases I have observed leads straight griefing their reports just to take credit and survive their own calibrations. It's very Amazon, and it's directly hurting trade desk profitability and effectiveness. Because of this, comp is not distributed evenly or per effort/contribution. This has led to a major exodus of talent over the past few quarters, even long time company vets are fed up and fleeing to other firms...on some teams the median tenure is probably under 1 year. At the time I left there were several red flags including random firings regardless of performance or effectiveness, with dangerously low morale. Since the start of the year I've witnessed a steady outflow of talent. Traditionally optiver has been known for a collaborative and transparent culture. This is still true, but diminishing rapidly. Things are slowly becoming incredibly siloed, and to survive the incredibly volatile calibration periods it's better for you to keep your head down and not try to stick out too much (I have known a few people to be fired simply because they were threatening their manager's position) Suffice to say, all of this has created an incredibly brittle and undocumented tech stack that runs off of vibes as opposed to any engineering rigor. Stuff breaks frequently and often, which requires most devs to spend late nights and weekends hacking up solutions last minute following bad deployments. Extended hours are often expected, and while no one will explicitly say it failing to respond on vacation or outside of working hours will reflect negatively on your cal.