TransMarket Group Reviews

Updated Jul 18, 2021

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Found 48 of over 64 reviews

3.4
55%
Recommend to a Friend
49%
Approve of CEO
TransMarket Group CEO Doug Adams (no image)
Doug Adams
21 Ratings
Pros
  • "Team- I knew the team was smart when I joined- but I am in awe of the team TMG has put together(in 11 reviews)

  • "The traders even get taught in a course from the CEO via TMG University(in 11 reviews)

  • Cons
  • "Ideally there would be more communication on firmwide strategy expansion plans so the junior traders can help(in 9 reviews)

  • "Long interview process, sometimes long hours (but not like i-banking)(in 3 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.
    1. 1.0
      Former Employee, less than 1 year

      Garbage

      May 19, 2020 - Intern 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Laid back dress code and free lunches.

      Cons

      Terrible comp. Firm seems to be filled with very subpar people (many experienced people have a terrible track record, new hires from distinctly average colleges). All the smart people from top colleges seem to be elsewhere. Many managers come in once a week. CEO tries to shove Christianity down your throat at every turn and I'm guessing this will also factor into whether you get made partner or not. Extremely high turnover. Dubious charity work (voluntourism trip to Haiti? seriously? sure let's go over to take pictures of us digging holes at 1/10th the speed of the locals and crash their construction labor market while we're at it). Food not great. I got a job at a (much better) competitor. Avoid like the plague

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      3 people found this review helpful
    2. 3.0
      Current Employee

      Not bad place to work

      Sep 3, 2010 - Trader in London, England, England
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Get to learn from big traders

      Cons

      Entry level salaries very low

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    3. The latest conversations about Finance

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      3y

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      Anyone else hate banking lingo and make fun of it, but as soon as a discussion starts you say "we dont want to boil the ocean here". Fml. Whats your most despised finance phrase?

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    4. 4.0
      Former Employee, more than 5 years

      A great company with solid prospects

      Jul 18, 2021 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Fantastic opportunities for growth, but you do have to put in the time // work. Great benefits, including free lunch daily. They used to do an annual ski trip, not sure if this is done anymore. Business is very well run

      Cons

      Landing on a good desk / having a desk head is crucial, but this can be on the luck of the draw. Sometimes upper management can be a bit distant and not communicate as clearly as they should

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    5. 5.0
      Current Employee

      Trader

      Jul 1, 2021 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Autonomy to make own trading decisions, high ceiling

      Cons

      Technology slower than other groups

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    6. 2.0
      Former Employee, more than 3 years

      Problematic, but might be a good place to start while being aware of the cons

      Apr 12, 2021 - --- 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Training for new employees Laid-back culture: no dresscode, relatively flat structure

      Cons

      Long working hours, tough to take vacation. CEO is extremely christian and does not hesitate to push it onto others, up to making people read bible chapters as part of training Toxic culture in general, some of the management is plainly sexist, homophobic, etc and has no hesitation expressing these views White savior type of charity - going to Haiti to build a house and "see how blessed we are" and how "locals were even happy with having the meal we provided" Reaction to covid-19 was a disaster, people wouldn't stay at home while sick so it spread through the office

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    7. 2.0
      Current Employee

      If you want covid, work here

      Feb 18, 2021 - Algorithmic Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Free lunches and flexible vacation policy

      Cons

      This firm has had serious issues with covid-19 response and they are only getting worse.

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      1 person found this review helpful
    8. 1.0
      Former Employee, more than 3 years

      Prospectives beware

      Feb 22, 2021 - Quantitative Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Catered lunches, annual ski trip, great bonuses if ended up on one of three very profitable desks.

      Cons

      Very wildly managed firm. New joiners by luck of the draw ends up at either a profitable desk or not, irrespective of talent, just of that market's liquidity and trading dynamics. Most managers lucked into their roles by joining early but have no leadership abilities. Very exploitative culture of employees on H1B knowing they can't leave. Certain management team members trash talk women and throw tantrum fits like throwing phones on bad days. Most employees who try to leave get punished by being garden leaved.

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      5 people found this review helpful
    9. 2.0
      Former Employee, more than 3 years

      Political Culture; Sexist; Hierarchical

      Jun 13, 2018 - Trader 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good training for new hires

      Cons

      The firm's either great or awful, depending on which team you end up on. The lucky people who joined early are now managers of the desks, some are great while others have no clue about management, barely shows up to work, and only promote those with glib tongues. The firm also hires high numbers of internationals in need of EB5 and significantly under pay them knowing they are less likely to leave. Very low base salaries compared to the industry. Bonuses are good for those who joined the firm early, but any later joiners are churned after they burn out on overnight shifts. Also, the firm has catered meals so employees work longer, and "unlimited vacation policy" so everyone feels pressured to take none.

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      20 people found this review helpful
    10. 4.0
      Former Employee

      Good company, collaborative culture

      Apr 1, 2018 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Good company and great collaborative culture

      Cons

      None that I can think of.

      1 person found this review helpful
    11. 2.0
      Former Employee, less than 1 year

      Unprofessional organization

      Nov 30, 2017 - Trader in Chicago, IL
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Quiet work environment. They order in decent lunches and breakfast for employees. Nice coffee machine. Location across from Union Station is convenient.

      Cons

      Almost no women are employed here. 90% men. Lots of people drink on the job. They dress very casual for an office environment, like they are at home doing laundry. They are disorganized and gossipy, but that is most likely because most employees are recent graduates with no prior professional experience or immigrants trying to stay in the country on work visas. These people have no sense of urgency, and then when things aren’t completed “on time” they blame others and pass the buck. They have high employee turn-over. I guess if you want to spend your life staring at a computer all day and drinking, this could be the job for you. If you’re a professional and seek a professional work environment, this place is not for you. Very immature, lack of standard employee policy and training. Poor internal communications. They have a very depressing work culture overall. No one seems happy at this company.

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      14 people found this review helpful
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