Optiver reviews

3.7

60% would recommend to a friend

(568 total reviews)

57% positive business outlook

Optiver has an employee rating of 3.7 out of 5 stars, based on 568 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Optiver employee rating is in line with the average (within 1 standard deviation) for employers within the Finance industry (3.7 stars).

Reviews by job title

568 reviews
2.0
Feb 13, 2023
Recommend
CEO approval
Business Outlook

Pros

Amazing compensation (perhaps THE best in the country. Comparable to USA pay at top tier firms). Amazing benefits (restaurant quality freshly made food on site, barista on site, annual company trip). Very smart people.

Cons

Bullying from management and the company does nothing about it despite being aware of the numerous problems. Long hours and demands things get done very fast (sometimes 12+ hours per day). Messy undocumented legacy code and nobody in the organization seems to even know the business requirements it solves so it's nearly impossible to rewrite. Extremely poor code quality (e.g. things checked into code that should be in the database or at the very least in a config, more layers of abstraction than needed, not adhering to best practices, etc.). Very poor culture. Colleagues are obsessed with money. Seriously all they talk about is work and money. Yes I like money too but there's more to life than money. You effectively can’t trade the stock market with personal funds as long as you’re an employee due to huge restrictions they place on you being able to trade with personal funds.

1.0
Nov 5, 2021

Stress and Mess

Recommend
CEO approval
Business Outlook

Pros

-Good pay (they'll almost always beat any competitor) -Free breakfast and lunch which tastes good on most days -Free coffee until midday -Good resume booster ^ But honestly don't let these perks lure you ^

Cons

-Very high expectations and BS performance reviews means that you could be below average and get fired very quickly. I've seen smart and competent people shown the door. -Within the first few months I saw quite a few people disappear or leave. There was even someone that resigned due to mental health problems (more than likely caused by work related stress). If this place is so great why do people leave? Seriously ask yourself that before joining. -Projects are an absolute mess. As a dev you'll be project manager, tester, support which is on top of your usual dev work. -Limited career growth outside of finance and the tech is an outdated mess. Honestly try finding a C++ job outside of HFT that pays in the same ballpark. So make sure you plan an exit route. -Engineers are a pay grade below. Seriously a second year junior trader earns the same as a senior (l3) developer. -Individualist environment means people are always fighting for their bonus. -Got yelled at by a frustrated manager because I made an honest mistake and was a little slow to interpret something -Be weary of teams with low headcount where only new comers join and people just leave. -If you get an offer at a big tech company, take that option. The slightly extra $ you get is not worth the career risk. I'm glad I made the switch and got out early.

2.0
Dec 24, 2017
Recommend
CEO approval
Business Outlook

Pros

Free breakfast and lunch, awesome barista. Great office building located in the heard of the Sydney financial district. Plenty of nice perks, e.g. gym membership, company trip, social events. Profit sharing can mean overall remuneration can be high (although unpredictable) if you're a senior. Work life balance is decent. 9/10 hour days are the norm.

Cons

The company has changed over the last 12 months. Lots of amazing talent (both technical and leadership) has left over the last two thirds of 2017. Slow to pick up modern development practices and technologies. Below market rate base salary ('compensated' by a discretionary profit sharing scheme that can be taken away at any time). Upper management is opaque, and decision making by middle management often appears to be motivated by what's best for their careers rather than what's best for the company or their team. The level of ego among many of the technical specialists can be extreme at times. They're the best of the best - and they're not humble about it. Personal performance appraisal is directly linked to compensation. Which sounds great in theory, but the performance appraisal process is opaque. It appears to be heavily based on how much your direct manager is willing to 'champion' your cause when individuals are ranked among all teams.

Viewing 1 - 3 of 568 Reviews

Glassdoor has 816 Optiver reviews submitted anonymously by Optiver employees. Read employee reviews and ratings on Glassdoor to decide if Optiver is right for you.