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- Comp & Benefits
- Work/Life Balance
- Senior Management
- Culture & Values
- Career Opportunities
I worked at Chicago Board Options Exchange full-time for more than a yearPros
None about the Company
1. Downtown Chicago
2. Lot of Places to eat
3. After work entertainmentCons
news Facts: 1. The U.S. Securities and Exchange Commission levied its first-ever fine against a stock exchange for oversight issues, docking the Chicago Board Options Exchange $6 million for allegedly failing to enforce or even understand rules designed to prevent illegal short-selling.
2. CBOE fix for bug that halted trading
Google above and you will see why its not worth working here.
1. There is no work culture here to describe. Its like wild west regarding various departments from communication to responsibilities. The older managers are judgmental based on appearance, income , place of living etc. If you have seen movies office space and wolf on wall street this company will resemble a mix of both the movies.
2. Most Managers and Directors are Yes Men to C level executives to keep their jobs because they can't find anywhere else and will blame it on subordinates and team members. Some managers don't have proper 20th and 21st century social skills and are not fit for hiring at other places.
3. The average age of employees here is more than 50 years. Mostly Wild west and redneck old boys network. Couple of Managers I heard suffer from psychological disorders, hypertension and will get angry or moody for no reason and will swear a lot. The longer you stay here one get more institutionalized.
4. People work in Silos here and there are no learning opportunities since most of the technologies haven't changed from late 80's and early 90's. Its harder for current employees to find job outside of their company due to limited exposure.
5. Only a few managers are educated beyond high school and few directors and executives beyond undergraduate degrees. Few of the Managers , directors and executives have community college degrees. Education is not a requirement but swearing is a must.
6. There are no software development standards system wide and have been following what was done in early 80's and 90's in mainframe technology. They are more about sticking to the unrealistic timeline for production with no time for testing the products which caused issues like the market halt in 2013
7. Pay is less than the industry standard in Chicago and there are are no growth opportunities. There are software Engineers with 20+ years here with no changes to title and pay.
8. Nowadays there is no innovation here and its mostly about keeping the system alive without failures and patch work for keeping it running.
9. Public has realized about CBOE Shenanigans based on news in Particular and recent recession and trading volume has reduced in their exchanges.
10. Lot of Ratings Agencies have changed CBOE to sell after their quarterly report
Runaway from this HellAdvice to ManagementAdvice
Nothing because you cannot teach Old Dog's new Tricks . Time to close CBOEDoesn't RecommendNegative OutlookDisapproves of CEO
Getting an Interview
Getting an Interview
- Application Details
I applied through an employee referral. The process took 4 months - interviewed at Chicago Board Options Exchange in February 2014.Interview Details
All applicants must apply via Human Resources with their resume and cover letter in late fall. In the winter, there was a phone interview in which applicants were asked about their interests in the industry and the company intself. In the spring applicants are notified via phone call on whether they received the job.Interview Questions
Accepted OfferPositive ExperienceEasy Interview
- The questions were quite general - "What interests you most in working for an exchange?" Answer Question
Let us know if we're missing any workplace or industry recognition –
First there was one. CBOE (or Chicago Board Options Exchange) may no longer be the only options exchange, but it's still the US leader in overall volume. Founded in 1973 by the Chicago Board of Trade (now part of CME Group), CBOE lists options on more than 1,900 stocks, as well as on interest rates, broad-based stock indexes (such as Standard & Poor's S&P 500 Index), and industry indexes. CBOE, which had already launched the fully electronic CBOE Futures Exchange, debuted its CBOE Stock Exchange in early 2007, going head-to-head with the NYSE and NASDAQ. CBOE also runs The...