PEAK6 Reviews

Updated Sep 20, 2021

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Found 185 of over 198 reviews

2.8
41%
Recommend to a Friend
47%
Approve of CEO
PEAK6 Co-founder and Chief Executive Officer Matthew Hulsizer
Matthew Hulsizer
115 Ratings
Pros
  • "Nice office space, free snacks, some nice co-workers(in 25 reviews)

  • "You get the chance to work with some really smart people(in 15 reviews)

  • Cons
  • "Tough work life balance at times(in 11 reviews)

  • "Engineers are not happy because they are tasked with dumb things that add zero value to the traders(in 10 reviews)

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

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    1. 5.0
      Current Employee

      Fantastic place to work

      Sep 10, 2021 - Human Resources 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      -supportive management -freedom in your role (all ideas welcomed) -great team spirit across all teams -everyone is really friendly -a really great environment for learning -fantastic offices and super flexible working

      Cons

      Honestly at the moment I have no cons!

      Continue reading
      1 person found this review helpful
    2. 5.0
      Current Employee, less than 1 year

      Professionally the best place I've ever worked

      Aug 27, 2021 - Office Manager in Belfast, Northern Ireland, Northern Ireland
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - Interesting Work - Fantastic work culture - Great Managers - Amazing Office space - Really good benefits and perks

      Cons

      None I can think of

      1 person found this review helpful
    3. 3.0
      Current Employee

      Ok

      Sep 20, 2021 - Senior Data Analyst in Lagos
      Recommend
      CEO Approval
      Business Outlook

      Pros

      I enjoyed the diversity I the company

      Cons

      I really dont have any for them

      Continue reading
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    4. 3.0
      Current Employee

      Options firm

      Sep 14, 2021 - Senior Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Nice environment to work at

      Cons

      I have no cons to speak of

      1 person found this review helpful
    5. 5.0
      Current Employee, more than 8 years

      Great place for those who want to bet on themselves

      Aug 12, 2021 - Trading Manager in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Peak6 makes big investments into trading education and development. People who are great traders are given more and more responsibilities and can run their own groups after only a few years of trading. The company annual party is over the top and usually showcases top tier talent. Talented people are increasingly leaned upon and promoted quickly.

      Cons

      Risk appetit can change quickly and somewhat inconsistently. There is a constant worry about recent performance even towards those with a stellar, consistent record.

      4 people found this review helpful
    6. 1.0
      Former Employee

      Meh

      Sep 8, 2021 - Derivatives Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      None that I can think of

      Cons

      A 3rd tier Chicago trading firm. Mostly click trading with little in the way of technology comparable to other trading shops. Place has not evolved and has not kept pace with all the innovation happening in the trading world (although they will have to believe otherwise). But objectively speaking and comparing it to what I have right now - Cap Man is 10-12 years behind the times. And it does not help that they have ZERO people with relevant outside experience to offer them a different perspective (not that they would listen, but still). Leadership is awful and spends more time trying to spin instead of trying to innovate and create.

      Continue reading
      7 people found this review helpful
    7. 1.0
      Former Employee, more than 1 year

      Just ok

      Sep 1, 2021 - Executive Assistant in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Some nice people at Peak6

      Cons

      They treat employees terribly 90%

      5 people found this review helpful
    8. 1.0
      Current Employee

      No vision. Only whim.

      Aug 7, 2021 - Trading in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      There are some good people I met who I am still friends with. Also, while working here, I finally figured out what bad looks like and what I never want from an employer. Oh, the health benefits were really good too.

      Cons

      There used to be a time, not long ago, when partners and senior leaders were tasked with responding to Glassdoor reviews (look through older reviews). This was to manage the message and tell the world all was well (when in fact the reality was different). Recently, this tactic has changed. A lot of negative reviews had been coming in which P6 had been trying to remove, unsuccessfully. Glassdoor policies are very strict and transparent on what can and cannot be removed. So when all the positive HR reviews had been exhausted, P6 decided to cut all ties with Glassdoor. “Why pay them when they do this to us”, was the common refrain. Instead, they have doubled down on spinning their way out of the mess called Peak6. PR has been upped, a “storyteller” has been hired, press releases have been constant, and web results are being optimized. All to overcome the negativity and dysfunction that exists at all P6 companies. They could have simply solved the problems but that would be admitting that their “strategy” is not working. Incidentally, if you read newspaper articles about an Irish football team that P6 owns you will see that they have dragged the team through utter confusion and lack of direction and a losing season. This same take exists in all of their other businesses. Confusion and lack of direction rules the day. No vision. Only whims. Over the past 12 months or so, P6 has lost their Chief Marketing Officer (and his entire team, some who had been at the firm for less than a week!). Lost their Chief People Officer. Lost the Chief Operating Officer for their largest business. Actually lost two COOs in this business in a matter of months. Lost the President of their second largest business and the COO of this business as well. The list goes on where senior leaders - veterans in their industries have decided to leave rather than continue here and wreck their career or drive themselves crazy with all the dysfunction and chaos. Supposedly, Steve Jobs was known to have said that “companies should hire smart/experienced people so that they can tell them what to do''. Here these experienced leaders were told what to do instead of relying on their knowledge, skills, and experiences. As another reviewer stated, this is the reason why the firm is big on hiring right from college or from unrelated industries - these “fresh” faces don’t know what excellence looks like and will keep their heads down and settle for whatever propaganda they are told and over time will assimilate into the collective. The CTO of their trading business has been a disaster because he has zero trading experience and has been hiring people just like him - clueless. The COO of shared services (scared services!) has been a disaster because she is an HR person who has the ability to get fluff articles written about her but does not have the ability to truly understand the businesses and lead effectively. Therein lies the rub - seasoned leaders and industry experts leave P6 in droves while those without industry and relevant experience stick around and get promoted - why? Now if after reading this you still want to work at P6, that is on you. But know that this place is an unmitigated mess. Yes, the owners make a lot of money for themselves. The street knows that P6 is cheap and underpays employees. They do not invest in technology, diversity etc. So basically all the press releases you read about how great their technology is, how great their DEI initiatives are - know that the firm is simply trying to compensate for a lack of those things - by telling the world how great they are. If these initiatives were so good, their employees would be extolling its virtues and the owners would not have to rely on PR to do just that. There are several people who have been at P6 a long time. They are fine doing the one thing they know how to do and sucking the marrow out of a drying bone. These same people have been unable to generate any new successful ideas for as long as I can remember. These same people will never find a cushy job like they have, elsewhere.

      Continue reading
      24 people found this review helpful
    9. 1.0
      Former Employee, more than 1 year

      Bad place to work….

      Aug 2, 2021 - Support Staff 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Snacks and soda Coffee Standing desk

      Cons

      Bad managers Constant title changing for bad managers Long hours (average hrs 8am-8pm) Low pay No new, exciting ideas they just keep doing what doesn’t work No diversity Weak diversity plan Implicit bias

      Continue reading
      16 people found this review helpful
    10. 1.0
      Former Employee

      Not good for those starting off their careers

      Jul 13, 2021 - Quantitative Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      The City of Chicago has a great trading culture so trading firms are in the sweet spot here.

      Cons

      The place is a has been. If you are staring off and want to get into trading, this is not the place to go. Go elsewhere anywhere that uses technology, data, and people to stay ahead. Culture is toxic and most managers are bad. Many other significantly better trading firms in Chicago to go to.

      Continue reading
      13 people found this review helpful
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