12 Comments
 
Best Response

...that Cutler is a decent group. I hear they have a variety of paths, but I'm not sure. E.g., you may be able to put up some money and get a better split, or you may be able to trade their money exclusively (and get a lower split of PNL).

The best thing you can find out is how good their technology is (the entire solution, from software and scripts to exchange connections, etc.) Ask current traders, not just their recruiters/managers. Tech is everything in electronic options market making. Find out what the mean and median bonus (net income from PNL split) of traders there is. Ask diplomatically, but that's the kind of info that they should be proud of and willing to share if they're doing well and if you are a good candidate. If people aren't doing well there, but they are still recruiting, then it could be the kind of place that makes money off of marked-up clearing costs-- you don't want that. Note that I have NOT heard anything bad about Cutler-- you just need to do your due diligence. Good luck, and let us know how it goes.

 

I have interviewed at Cutler. I think it's a pretty typical interview process for this type of gig. You should expect brainteasers, math questions, discussion of markets -- all that sort of thing. I think they are looking for sharp people who have demonstrated interest in markets, but that's just my opinion.

Everyone I met there seemed pretty smart and I think it's a pretty good shop. Good luck in your interview (if that's the reason you're asking).

 

He said it was tons of math/probability questions for 3 hours and not much about markets/fit/personality

 

Eveniet sunt sit velit sed. Soluta voluptas id quae maxime quo. Architecto culpa perferendis exercitationem voluptas ducimus. Debitis repudiandae suscipit officiis. Nesciunt molestias doloribus eligendi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”