Taro Logo

Stress and Mess

Software Engineer
Current Employee
Has worked at Optiver for 4 years
November 5, 2021
Sydney, New South Wales
1.0
Doesn't RecommendNegative 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 mean 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 a project manager, tester, and 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  • Limited career growth outside of finance, and the tech is an outdated mess.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 wary of teams with low headcount where only newcomers 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.

Advice to Management
  • Stop complaining about this so-called 'talent shortage' when you are firing so many people and inciting 'fear'. If they are smart enough to join Optiver, they are smart enough to stay.

  • Learn how to evaluate performance, provide proper training, and stop putting people in pressured environments where they don't show their true strengths.

  • The base salary is low relative to big tech. Pay people what they deserve and stop lumping a significant portion as a 'bonus' and firing them right before it gets paid out.

  • Treat your IT people better. Seriously, rather than paying your traders so much, invest in better infrastructure. More build/deployment agents could benefit many devs rather than another yacht for a trader.

Additional Ratings

Work/Life Balance
1.0
Culture and Values
1.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
1.0
Compensation and Benefits
1.0
Senior Management
1.0

Was this helpful?

Optiver Interview Experiences