AKUNA CAPITAL Reviews

Updated 6 Apr 2021

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3.3
56%
Recommend to a Friend
27%
Approve of CEO
Pros
  • "Competitive salary, fast paced environment, smart people(in 14 reviews)

  • "Fast-paced environment and competitive remuneration(in 8 reviews)

  • Cons
  • "Differences in pay between traders who do same work(in 9 reviews)

  • "Long hours, management asked a lot of you(in 7 reviews)

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

      Great company

      6 Apr 2021 - Software Developer 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Really nice office space. There’s lots of very smart people working here.

      Cons

      Nothing bad for me so far

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    2. 3.0
      Current Employee

      Good place to be a jr dev!

      3 Mar 2021 - Software Developer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Pretty good work/life balance for the industry. There is too much work, but it's generally acceptable to push the work instead of increasing hours. Vacation is respected - Jr devs learn quickly - Business seems good

      Cons

      - Deep seated structural issues. Most teams are overloaded. Everyone is so overloaded, it seems teams/people turn against each other at times leading to generally toxic environment - Management undervalues opinions from outside hires. Promotions are based on tenure, relationships and continuity with the "akuna" way - Management decisions are usually reactive and short sighted - Politics galore

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      4 people found this review helpful
    3. 1.0
      Current Employee

      Experienced Employees are Trash to them.

      10 Oct 2020 - Anonymous Employee in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Certain teams are good to be in. Reasonable WFH policy. Still has some smart people around, despite growing number of resignations.

      Cons

      Senior management has serious issues. Does not value the mid-level employees, which do the bulk of the work, applies to all departments, Devs, Quant, Trading. They rather hire fresh juniors for higher compensation than keeping current employees happy, despite juniors being trained by current employees. CEO doesn't know what he's doing, fires 4 CTOs within 2 years, tried to become CTO himself despite having little understanding of the development side. Implements policies after reading a book, leading to bureaucratic clutter that does not solve underlying issues. Morale across almost all departments and teams very low. Next year's bonus will make or break this company, coming mass exodus of mid-levels if bonus expectations aren't met, especially after how trash the bonus this year was due to improper company management. Resignations already slowly happening across the Dev and Quant teams despite a banner year across trading firms. No base salary during non-compete mentioned below is true. Penny-pinching in the wrong places. Disregard a lot of the blatantly positive reviews below, many from HR and recruiting department, or recruiting asking people to post positive reviews. Large number of recent negative reviews from both current and former employees paint an accurate picture of where this company is at.

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      24 people found this review helpful
    4. 4.0
      Current Employee

      A good choice for devs who don't like 996

      13 Feb 2021 - Trading Systems Developer in Shanghai, Shanghai, Shanghai
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Work life balance - Most colleagues are friendly, smart, and INTERESTING - Low turnover rate

      Cons

      - Pay is not competitive (for Shanghai Office) - Some teams are not that related to trading

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    5. 1.0
      Current Employee, more than 8 years

      Like the Whitehouse

      17 Nov 2020 - Software Developer 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good place to learn the industry, fast-paced, some nice people.

      Cons

      The parallels are striking with the WH (the current occupants!): - Entirely transactional relationships at the top - Pervasive nepotism (see other comments on this, there are many) - Sycophants surround the senior management, basically an echo chamber where its impossible to break through the accepted wisdom - Negative feedback is ignored, or actively punished - No empathy - High turnover at all levels Not exclusive to this firm but there is a huge pay disparity between the do-ers and the management/founders. Its understood that they were there first and its 'their money' but that's not how you build loyalty and it's not a long term strategy. If you're willing to live with all of this, and even embrace it I'm sure you'll do well, but at what cost? Be wary of the reviews that obviously are sanctioned from within, often it seems in response to a negative one. Just ask yourself this, which is more likely to be fabricated - the 5 star glowing review or the 1 or 2 star critical review?

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      27 people found this review helpful
    6. 4.0
      Former Employee, less than 1 year

      Fun work, little feedback

      2 Feb 2021 - Python Developer Intern in Sydney
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The work was challenging and enjoyable. You learn a lot of new things. The projects you work on actually matter.

      Cons

      You don't get much feedback on your work, it's up to you to make your capabilities obvious.

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    7. 2.0
      Former Employee, more than 5 years

      mediocre traders, quants, devs; management hogging bonuses

      15 Dec 2020 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Akuna has very good office space (free snacks, food, drinks) and good recreational areas (e.g. ping pong). This got even better after the move to the new office space. This is is a good PR stunt to entice new hires to join.

      Cons

      Lots and lots of politics to advance in this firm! Technology is slow and bad (years behind competitors). Many traders are ex-traders/rejects from other firms like Optiver. Good traders will usually go elsewhere that pays more and offers better opportunities. Lots of adverse selection! Bonus pool went down from 40% to 35% to 30% over several years. Lots of people left as a result.

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      15 people found this review helpful
    8. 1.0
      Current Employee

      Fintech make-believe

      25 Jan 2021 - Developer in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice lakeview remains when decent people are all gone.

      Cons

      A great place for developing your office politics skills in a free-for-all. Extremely toxic culture and stunning amount of red tape. Micromanagement and gaslighting. Below average compensation/benefits and poor transparency. Fragile technology and imaginary risk control. The upper management are all arrogant click traders who want to play fintech make-believe. The bossy ones got to lead departments and large teams although none of them has any meaningful background or understanding about tech. They constantly threaten to fire people and randomly smash your work to demonstrate their authority. Priorities change on a daily basis due to their ignorance of tech. Some people in the upper management publicly claimed that they have no interest in maintaining a good working relationship with employees since everyone is dispensable and PnL is the only thing matters. In mid and junior levels, clueless traders are trying to ignite everything potentially combustible, and technical people are running here and there like firefighters. This is what "fast-paced", "challenging", and "hard-working" in many positive reviews really means. Doers get all the blame because lip-service providers never make mistakes. Accountability does not exist. Across all departments and all levels and all offices there are people constantly creating duplicate projects and stealing credits so that they can get fat cuts from the bonus pool. You will be treated as a troublemaker if refusing to join this game. Consequently innumerable services and tools have been created repeatedly and abandoned immediately. No real innovations occur in the past two years. Losing strategies are running only for political reasons. Turnover rate climbs as vigilant people start to plan their way out. Meanwhile, the upper management did nothing but extending non-compete periods and spreading rumors to malign former employees. To new grads: AVOID AT ANY COST. This job is not even a stepping stone for your career. No experienced employees can help you grow because doers never survive. BSers will consume all your time. The longer you stay, the less you are worth. Ultimately, the company will devour you.

      33 people found this review helpful
    9. 4.0
      Former Employee, more than 3 years

      Just another typical Chicago optiom MM firm

      4 Feb 2021 - Junior Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      casual environment, collaboration opportunities with IT\research

      Cons

      bad working hours especially for juniors.

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    10. 2.0
      Former Employee

      Stay Away

      12 Jan 2021 -  
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice office with beautiful lake views Decent place to have on resume

      Cons

      Toxic people in tech leadership who do not care about your well being and have very little respect for you. Lots of pressure from upper management and unrealistic deadlines. A bunch of people left the firm in 2020. Trust me there a much better trading firms to work at.

      21 people found this review helpful
    Viewing 1 - 10 of 125 Reviews

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