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The Options Clearing Corporation

Engaged Employer

The Options Clearing Corporation reviews

2.3

21% would recommend to a friend

(340 total reviews)
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Andrej Bolkovic

7% approve of CEO

23% positive business outlook

The Options Clearing Corporation has an employee rating of 2.3 out of 5 stars, based on 340 company reviews on Glassdoor which indicates that most employees have an average working experience there. The The Options Clearing Corporation employee rating is 38% below average for employers within the Financial Services industry (3.7 stars).

Reviews by job title

340 reviews
1.0
Jul 6, 2026
Recommend
CEO approval
Business Outlook

Pros

Good benefits and nice offices.

Cons

IT has been been mismanaged for many years. The project (Renaissance) to "modernize" the clearing and risk systems was started 8 years ago, with the purchase of a clearing system which has not yet been installed in production. The "go-live" date for the Renaissance project is next year, but that is highly unlikely, as the system is very unstable and IT does not have the resources to support it in production. If you are an IT professional, this situation is one that you want to avoid at all costs. The company is extremely bloated, and outside of IT it's heavy bureaucracy, where most people do not contribute meaningfully to Renaissance going live.

1.0
Jun 18, 2026

Incompetent and Nepotistic Place

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

None. Stay away from this place if you like your career

Cons

This place is less a company and more a carefully curated club for a very specific in‑group. If you are part of that inner circle, doors mysteriously open. If you are not, prepare to enjoy the view from the sidelines indefinitely. Merit, performance, or competence are optional; the right connections and background seem to matter far more than anything you actually deliver. My manager is the perfect mascot for this culture. He works long hours, sure, but apparently believes that also makes him the sole intelligent life form in the building. Everyone else is either “not good enough” or “doesn’t get it.” Genuine feedback, encouragement, or recognition are rarer than production‑ready releases. The only “career strategy” that seems to work is mastering the fine art of flattery in all directions, up and down the org chart. Day‑to‑day life feels like being managed as if you’re a child. Every task is micromanaged, every decision second‑guessed, and independent thought is more a liability than an asset. People don’t get ahead by solving problems; they get ahead by staying in line and agreeing loudly enough with whatever comes from above. It’s an endless feedback loop of ego and obedience. The technology landscape is equally inspiring—if you’re nostalgic for the past. Critical systems and tools are so outdated that even basic requests take ages to process. Something as simple as a standard software installation can drag on for weeks or months, passed from one team to another as everyone avoids owning anything. There is a “modernization” program called Ovation, but at the pace it’s moving, the rest of the world will have modernized twice before this thing lands. Accountability is almost nonexistent. Work is constantly shuffled around, responsibilities are blurred by design, and when something slips, the default move is to point in every direction except the mirror. The result is a culture where good people burn out, mediocre performance is quietly accepted, and the few who do try to raise standards either leave or get sidelined. If you value genuine meritocracy, modern tech, transparency, and leaders who can handle independent thinkers without feeling threatened, this environment will feel suffocating. If, however, you’re looking for a masterclass in favoritism, outdated systems, and ego‑driven management, you’ve come to the right place. Advice to potential candidates: Unless you specifically enjoy politics over performance, and flattery over actual work, stay far away from this place.

Viewing 1 - 3 of 340 Reviews

Glassdoor has 400 The Options Clearing Corporation reviews submitted anonymously by The Options Clearing Corporation employees. Read employee reviews and ratings on Glassdoor to decide if The Options Clearing Corporation is right for you.