Investment Technology Group

  www.itg.com
  www.itg.com

Investment Technology Group Reviews

Updated 13 October 2014
Updated 13 October 2014
74 Reviews
3.3
74 Reviews
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Investment Technology Group President & CEO Bob Gasser
Bob Gasser
16 Ratings

Review Highlights

Pros
  • Work-life balance is better than most but it means there is less work than really needed for the amount of people (in 12 reviews)

  • Good people - I know that's a cliche here, but the people are funny and fun to be around (in 4 reviews)


Cons
  • Doesn't seem to be clear direction from senior management (in 4 reviews)

  • There were not many roles that had potential for me to move into, and even in my own role, I had a hard time asking for more challenging work (in 2 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Intern

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in New York, NY (US)
    Former Employee - Anonymous Employee in New York, NY (US)

    I worked at Investment Technology Group part-time (less than an year)

    Pros

    Great Environment and culture. The people are very helpful and welcoming.
    A lot of mobility within the company, room to grow, and exposure to key stakeholders.

    Cons

    Not everyone put in 100% effort

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    a lot of good people, but too much politics in the workplace.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Engineer
    Current Employee - IT Engineer

    I have been working at Investment Technology Group full-time

    Pros

    Overall, people are smart and fun to work with. Working hours and compensation are reasonable, and most of the company offices are great. When you're working in IT, you also get good hardware and software, and the company has overall a great IT infrastructure.

    Cons

    There are too many managing directors in the company, too much politics going on, and it's hard to progress in the company if you're not ready to adjust to this highly political environment.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3.  

    Company review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Investment Technology Group full-time

    Pros

    Work life balance.
    Generally relaxed environment.

    Cons

    Compensation below industry standards.
    Too many managers warming seats.
    Intermittent layoffs without warning.
    Not enough workers due to excessive managers and previous layoffs.

    Advice to ManagementAdvice

    Pay the employees fairly.
    Get rid of useless managers.
    Hire more workers who have real industry experience - not just interns and new grads. No, they will not be cheap !
    Come up with a viable plan to restore the company to previous levels of profitability.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
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  5.  

    Decent small broker

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Quantitative Analyst in New York, NY (US)
    Former Employee - Quantitative Analyst in New York, NY (US)

    I worked at Investment Technology Group full-time (more than an year)

    Pros

    Solid algo and research offerings

    Cons

    Pays are not competitive at junior levels

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Nice People, management lacks consistency

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Staff Accountant in Boston, MA (US)
    Former Employee - Staff Accountant in Boston, MA (US)

    I worked at Investment Technology Group full-time (more than 3 years)

    Pros

    People works in my group are very nice, lay back culture. Good life and work balance.

    Cons

    Management don't recognize your achievements. Hard to get promoted. The top people always changes their minds. Not sure what they are doing.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Summer Anaylst

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Investment Technology Group

    Pros

    Good access to senior management

    Cons

    not to much work to do

  8.  

    Good company

    Former Employee - Office Administrator in London, England (UK)
    Former Employee - Office Administrator in London, England (UK)

    I worked at Investment Technology Group as a contractor (less than an year)

    Pros

    Friendly workforce, including the CEO and Managing Director. Approachable and supportive. Everyone was easy to get on with. The location is good, within walking distance for the tube.

    Cons

    I was working on a temporary basis and had to register as self-employed with HMRC to sort out my tax payments.

    Recommends
    Neutral Outlook
    No opinion of CEO
  9.  

    Seems to be on the right track with the new direction

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Investment Technology Group full-time (more than 3 years)

    Pros

    "Just right" size - not too big, not too small, work with very smart people, offices are great

    Cons

    Leadership can be a bit vague with evaluation metrics and it seems that there is not 100% buy-in to the new vision

  10.  

    Leader in trading technology

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Assistant Vice President in New York, NY (US)
    Former Employee - Assistant Vice President in New York, NY (US)

    I worked at Investment Technology Group full-time (more than 3 years)

    Pros

    ITG is leader in the trading technology. Lots of smart, hardworking, supportive colleagues. It helps to have a reputable firm on your resume
    Depending on which product groups you for there is room to be creative in designing new trading solutions
    Relaxed culture compared to most Wall Street firms

    Cons

    There are far too many reorganizations
    Doesn't seem to be clear direction from senior management
    Difficult to move up or into a new role
    No formal training for new inexperienced hires

    Advice to ManagementAdvice

    Try to restructure as little as possible. Its very disruptive to the everyone's work and moreover its very confusing when changes are not well communicated. Try to take more advice from the lower level employees and middle management to really understand the internal issues better.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Currently rebuilding and content with low quality workers and compensation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in New York, NY (US)
    Current Employee - Anonymous Employee in New York, NY (US)

    I have been working at Investment Technology Group full-time

    Pros

    Easier work-life balance. Many new interns/hires recently graduated bring new energy. Allows the company to re-energize the company. Nice new office. Some benefits but mainly for the benefit of new hires (i.e. ends after the summer interns leave). Most status-quo old guard employees are gone. New exciting products in multi-asset to keep up with the industry.

    Cons

    Easier work-life as there is less work to do. People are slightly jaded or learned from existing culture to leave at 5.30pm, at the lastest. HR strategy to continually hire new interns to replenish whoever is able to leave is needed for that reason. They know people will leave so they overstock some groups prone to higher turn-over. They are content with letting smart people leave so they can replace with cheaper new hires. They are content to keep someone who does a request in 4 hours instead of paying more for that person who can think objectively and write a script that does it in 10 minutes. That is understandable if they don'y have the money, however, with this strategy they should keep the new hires as they move up in the company as they are still cheaper than the old employees they replace but they still do not pay anywhere close (~20+) away from market rate. Then that leaves a lot of low quality personnel who have no where else to go that stick around. Some "fake it until you make it workers" are still around but the company can help moral with better performance evaluations and actually tying performance to compensation. Then everyone will know those workers are paid according to their low work ethic. No more cronyism hires like a friend from college put in charge of a computer system with no programming experience. Those workers will never get fired as they're wiling to take their lower than average salary and HR will not fire currently as no layoffs appear to be on the horizon. Leaving these low quality people around bleeds into everyone else around them to lower their productivity. I know it has affected myself. No more real bonuses anymore. Only regular low single to low double digit % bonuses. Benefits always coincide with new summer interns. Everything disappears once they're gone. Nice new office doesn't mean much after the first month when you don't combine it with the auxiliary benefits that usually come with the startup/finance atmosphere - i.e. food,on-site gym,etc. "Volunteer" charity events are pseudo mandated for managers to set up. It is one thing to organize a charity with interested people, but another to try to "highly encourage" managers to plan an event and force feed collegial bonding. Software hasn't been updated in awhile. The software developers who designed the system in the late 90's are still around and haven't updated their programming skills. A lot of infrastructure built on old software that they are afraid and don't want to update for fear of losing their competitive advantage as experts for the system they built. Developers slow roll a lot of projects and over-sell how much work they really do.

    Advice to ManagementAdvice

    Add more benefits and compensation to high achievers. Fire the low quality people who fire fight issues bouncing from one hole to another rather than fix issues before they happen. Hire new tech or new technology management that know how to affect change. Bleeds low morale into other people after awhile when everyone figures out who the high and low achievers. If you can't/won't with the new normal bonus levels, add more "startup" benefits for everyone including gym, healthy breakfasts, lunches dinners, rewards such as basketball tickets for employees of the month or hockey or baseball game outing for a group with best successful project (that's how you do team building and incentivize if you don't have the money for bonuses), pay for career enhancing courses such as programming in new language or technology, any outings such as run clubs, softball, etc instead of just for new hires. Pay to keep the new hires. Waste to attract talented graduates and then let them leave after two years as they are smart enough and able enough to find another job. Replacing new hires with even newer hires is not the strategy. HR stuck in old HR schemes of asking brain teasers (how many jelly beans in the jar) as experience level of HR is younger. Old HR tactics such as exploding offers, time limits can be ignored, if the manager already picked you, high change that is an empty threat by HR.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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