Pros
Very flat culture - if you prove yourself responsible and a good trader, you will be trusted to take risk early on and your ideas will be listened to. Collaboration is strong both inter-desk and intra-desk, it is not a siloed place where people keep ideas for themselves. Both of these things hold true away from the office where many people hold genuine friendships with coworkers and go skiing, running, grab meals, etc. The firm has started a much more detailed and organized recruiting push in the last year or so. It was previously done basically by one individual, and now there are many more people involved, including traders, such that the feedback process is much faster and things are not getting lost in the mud. They recently increased pay for interns to be more competitive and keep up with the industry Earning potential as a trader is very promising, albeit a different style from industry standard. Base salaries are lower than industry average and bonuses are higher, but it smooths out in the end as the bonuses are very generous. They also have been known to pay younger guys more than would be warranted by their desks pnl as an act of "good faith" if they think you have a promising future. Pay scales quickly and if you come up with a new strategy or idea that makes money, you can expect to be paid as such, regardless of age or seniority Lastly, you have the opportunity to visit other offices in Switzerland and PR which is a huge pro if you like being active and experiencing different climates and getting out of the concrete jungle
Cons
The firm runs pretty lean (hence the recruiting push) and that can be frustrating to desks who are looking to grow and add headcount. For truly new strategies that span into products that the firm isn't trading currently, getting risk approved can be a timely process, but that is part of management taking time to fully understand the risk and set up the necessary pipelines to fund it. It is rather sports-loving male dominated on the trading side, which might not be a good fit for some, but most people are genuinely nice and caring Sometimes the physical separation between most of upper management living in PR and the bulk of the traders still being in Chicago creates a frustrating break in communication, but this is one thing that has improved drastically the last 2 years as the PR office has become more established