Belvedere Trading Reviews

Updated Jun 2, 2022

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Found 87 of over 105 reviews

3.7
76%
Recommend to a Friend
70%
Approve of CEO
Belvedere Trading President Thomas Hutchinson (no image)
Thomas Hutchinson
50 Ratings
Pros
  • "As many others have said the work/life balance is great, however, you will not be substantially rewarded for putting in more hours than your peers(in 11 reviews)

  • "It's working environment is laid back and not like those typical trading firms/hedge funds(in 10 reviews)

  • Cons
  • "Management is out of touch with the traders(in 11 reviews)

  • "The mantra at Belvedere is that you'll be making the big bucks "later"(in 10 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 5.0
      Current Employee, more than 1 year

      Great quality of life

      May 25, 2022 - Software Engineer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Interesting work, fantastic coworkers, and a good work/life balance

      Cons

      Vacation is "unlimited" but you only get 2-3 weeks off

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    2. 2.0
      Former Employee, more than 3 years

      Brain Drain

      Jun 2, 2022 - Software Engineer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Was a great place to work at before all the top talent left for better pay Good stepping stone for new developers / fresh graduates to gain experience at before moving to a different company Great work-life balance

      Cons

      Top talent that have been rearchitecting the system have all left in search of better pay There is no engineering direction as nearly everyone in senior leadership positions is an incompetent holdover from the early days of BT Developers are treated like second-class citizens in comparison to the “moneymaking” traders

      Continue reading
      5 people found this review helpful
    3. 5.0
      Current Employee

      Great Place to work

      May 22, 2022 - Derivatives Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Work life balance is great.

      Cons

      I have nothing to add.

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    4. 5.0
      Current Employee

      Great company with flexibility and respect

      May 6, 2022 - Quantitative Analyst in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Company culture is nice and friendly, working there is encouraging and interesting everyday, it’s also flexible to recognize work life balance for employees

      Cons

      Nothing so far from me

      1 person found this review helpful
    5. 5.0
      Current Employee, more than 3 years

      great company

      Mar 31, 2022 - Floor Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      great trading software for accurate values

      Cons

      sometimes brokers are hard to deal with

      2 people found this review helpful
    6. 4.0
      Former Employee, more than 10 years

      Great Company to work for

      Mar 16, 2022 - Derivatives Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A trading firm that values culture and work/life balance. I thoroughly enjoyed my time at Belvedere.

      Cons

      Slow to adapt to some of the technology race in trading

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    7. 5.0
      Current Employee

      Great place to work

      Feb 21, 2022 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great people and great culture

      Cons

      Technology is lacking compared to competitors

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    8. 1.0
      Former Employee

      Favoritism takes precedence over Experience and Knowledge.

      Feb 18, 2022 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good benefits/pay/bonus structure. Worked at this company for several years and it had a flat structure with an open door policy where you could share ideas, collaborate on initiatives and be transparent about what is working well or what can be improved.

      Cons

      Adding hierarchical structure to an org when unnecessary causes people to lose faith in the management team as you have to go through several chains of command to get your point out. Also, if you are in the good books of the mgmt. team and you hang out with them after hours for an outing or a drink, they will promote you regardless of whether or not you are fit for the job role. Watch out for folks that are in the wrong seat and negatively influence the mgmt, team and turn tables against you.

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      7 people found this review helpful
    9. 2.0
      Former Employee, more than 1 year

      Ok company

      Dec 21, 2021 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Lots of perks for employees.

      Cons

      Poor risk management and asymmetric deals made.

      2 people found this review helpful
    10. 2.0
      Former Employee

      This company will continue to fall further behind its peers.

      Nov 4, 2021 - Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great work life balance Subsidized lunch You will never be fired as long as you suck up to the right people.

      Cons

      Leadership are old school traders who have no idea how modern trading has developed. They also do not listen to outside input and run a boys club, which stifles young talent who brings in quantitative knowledge and new viewpoints. As a result, company growth is very slow which causes the firm to fall further behind its competitors each year. Long-tenured employees are promoted to management positions that they have no expertise about, and end up contributing nothing while micro-managing people who are smarter and know more than they do. In fact, the current CEO knows very little about trading and was simply shoehorned into the position because of tenure. Management sets lofty goals that are never achieved, and keep getting pushed back with no progress. You will also develop no relevant skills/experience here because the trading style is still very much "stare at a screen" or "talk to brokers" all day. All of these factors combined have caused pay at Belvedere to fall far FAR behind the pay for comparable positions at other firms. Don't expect much performance-based compensation -- all additional profits just go to the partners. Belvedere will always overpromise and underdeliver. Belvedere states that it has "unlimited" PTO, but in reality people are pressured to never take time off. It is very common for traders to take less than 10 days of PTO over an entire year. In conclusion, you should only work here if one of the following applies to you: 1) You ONLY care about having good work life balance (7-8 hours per day) and nothing else. 2) You REALLY want to be a trader but could not get an offer at any other trading firm.

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      10 people found this review helpful
    Viewing 1 - 10 of 87 Reviews

    Belvedere Trading Reviews FAQs

    Belvedere Trading has an overall rating of 3.7 out of 5, based on over 105 reviews left anonymously by employees. 76% of employees would recommend working at Belvedere Trading to a friend and 59% have a positive outlook for the business. This rating has been stable over the past 12 months.

    According to anonymously submitted Glassdoor reviews, Belvedere Trading employees rate their compensation and benefits as 3.6 out of 5. Find out more about salaries and benefits at Belvedere Trading. This rating has decreased by -3% over the last 12 months.

    76% of Belvedere Trading employees would recommend working there to a friend based on Glassdoor reviews. Employees also rated Belvedere Trading 4.5 out of 5 for work life balance, 4.4 for culture and values and 3.8 for career opportunities.

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