Don't bet your career at this place - Quant Trader Tibra Employee Review

1.0
23 Jun 2020
Recommend
CEO approval
Business outlook

Pros

Start base is decent (more about that later) as a grad but worse as you progress. Colleagues are generally nice. The office is located opposite a beach which is a very nice location. Breakfast/Lunch is provided (Same takeout on rotation)

Cons

Bonus is excluded for quant traders in the first two years. As you progress on your career other MM firms pay more with the same amount of work and hours. Shareholders decide what's best for the company which often has conflicts about what employees want. The pathway to permanency is ridiculous, no company decides to kick out employees after they hire them. Telling hires we hired you because we want you and then using the P2P to fire them sends very conflicting messages. Not only that, but there are two P2P processes to pass. Most people wise up and leave. Employee retention is important for a business if you cannot manage that why even have one? Work-life balance is non-existent. No one minds "Taking one for the team" ie working late, but people expect to be compensated fairly for it. It's not sustainable for individuals or families. No one respects Tibra(within the industry) even though some individuals do amazing work. It's a shame, a once-great organisation is now just fumbling around.

Explore other reviews about Tibra

2.0
11 Feb 2024
Recommend
CEO approval
Business outlook

Pros

It was a job on floor

Cons

Lack of Bonuses and legal issues

2
2.0
16 Oct 2017
Recommend
CEO approval
Business outlook

Pros

Relaxed office environment, largely programmer-led and technically literate, Australian informality and camaraderie, lunches provided free, table tennis, pretty decent health insurance and 401k

Cons

Low salaries, difficulty working across time zones, untrustworthy management doesn’t lead or inspire confidence, succession of people arriving and leaving disgruntled, too focused on option market-making to survive the ups and downs of the economic cycle.

5
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