DRW reviews

4.3

86% would recommend to a friend

(328 total reviews)
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Donald R. Wilson, Jr.

97% approve of CEO

78% positive business outlook

DRW has an employee rating of 4.3 out of 5 stars, based on 328 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The DRW employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.6 stars).

Reviews by job title

328 reviews
1.0
Oct 2, 2022

Do not recommend

Recommend
CEO approval
Business Outlook

Pros

Lunch and breakfast are good. Compensation can be good (but very dependent on team)

Cons

Your experience at this company is very dependent on what team you’re on. Each manager has complete control of his team (yes HIS, female managers are non-existent on the trading side, female employees are few and far between). My manager was a bank trader from the 90s and he ran the team as such. Junior employees must be the first in and last out, regardless of if there was work to do. The appearance of being busy was rewarded more than actual impactful work. Bonus, where most of your compensation comes from as a trader, is entirely up to the whim of your manager with no transparency. Expect to be disappointed in your bonus conversation. Due to this there are lots of petty office politics and your peers will constantly try to one-up you while also talking behind your back to put you down. It seems like micromanagement is encouraged because it’s widespread. My mental health suffered greatly as a result of working here and I would not recommend it to anyone. I have nothing good to say about working here. The money was decent (not as good as it should have been given my performance) but it was not worth the trauma that was required to earn it.

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DRW Response
3y
While we do work to provide benefits (like fully catered breakfast and lunch) as part of making DRW as great place to work, nothing replaces the importance of a respectful, collaborative environment. The behavior you describe below is counter to our values and to the experience we know is necessary to hire and retain the talented professionals we need to continue to be successful in markets around the world. We have shared your feedback with our HR team and hope you also were candid in your exit interview so that we can properly address this. We appreciate you taking the time to leave this review and hope you are doing well.
1.0
Jul 17, 2012
Recommend
CEO approval
Business Outlook

Pros

The traders are competent. Smart people work there.

Cons

The culture can be particularly nasty at times, especially when working long hours in a highly competitive environment. It's not uncommon to be berated or personally insulted by other traders, managers, and brokers/traders from other firms, to the extent that it's actually similar to high school bullying. There was also inadequate training from senior traders as they were often too busy with daily trading activities to train new traders (not enough support given to compensate for this...i.e. extra training classes--a few new traders slipped through the cracks because of this). I was in the Eurodollar group, which is the same group the CEO trades in.

2.0
Jul 27, 2017

Pull the curtain back

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

It's a good firm with lots of talented people who work very hard from top to bottom. Salary and benefits are good and the offices are nice.

Cons

I will name a few issues, but really they are the symptom of a larger problem. They advertise great technology and charge you for it, but there is no significant technology that they can offer a trading group. Anything proprietary is generally owned by a different division and you will likely not have access to it. All the groups are separate. There is no collaboration, and that is somewhat by design. It's a collection of business with shared resource, so understand you will not get help with much unless it's pedigree items like hardware purchase or technical support. If you are a trader or have a trading business you are siloed off. Really they have mostly become a glorified backer of trading strategies, or if that was always their model it's not always advertised that way. There is definitely a shakeup in management. Lot's of recent defections, retirements, shifting of duties. That could end up being a good thing, but transition is hard. If they can find a way to set the tone for a little more collaboration DRW would be really great. Lot's of resources allocated to anything bitcoin or real estate, but they have such a good shell of a trading company that is ready to be rebuilt. Some divisions do great, but given the resources some cooperation at management and a more focused path would allow them to really move back to the top of the trading space where they really do belong.

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DRW Response
8y
We only get better when we acknowledge and act upon the things we need to improve, so we appreciate your honest feedback. Collaboration is critical and an area of focus for the firm – but as any organization grows from 100 people to more than 750 in just over a decade, the way people work together evolves. It's really important that collaboration happens in a thoughtful manner, and that decisions about resource allocation are driven by data. We recognize that what goes into those decisions isn't always visible throughout the organization. The industry is changing quickly and our business must do the same. That means transition and evolution for us internally, but it also means significant opportunity.
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