Optiver marbles
I'm in discussion with Optiver for an experienced hire position, my recruiter who I'm working with said a marble is worth 1500-2500 each year, depending on company performance. Is that accurate?
Range seems accurate but I wouldn't say median/mean would be 2000. PM if u want more info
If you still have insight on this… is total # of marbles fixed @ optiver ? Or do they print them and devalue everyone? What happens to marble value as additional people are hired, ones bonus decreases?
whats a "marble" ?
so optiver has this compensation system where your bonus is tied to the number of marbles you have.. a marble = some % of the firm's trading profits.
have heard that the number of marbles you have grows quadratically with rank...
so if i have 100 marbles and each is worth 2k this year, then i get an 200k bonus..
Any information about how many marbles are allotted to an entry level trader? I know once the bonus is calculated based on marbles, there are 5 categories of how much bonus you can get. Category 3 means 100% of calculated, 2 means 130% and 1 means 200%.. These are based on performance evaluation. Also, any clue what's the typical growth y-o-y and on promotion??
100 marbles for entry trader. Growth projection is probably 2 years every level but I have seen legit traders make partner in 4~5 years
Sounds good. Also, does marbles increase every year or only upon reaching next level? And by how much?
bump
Have a friend who works here who kind of have me the scoop. Marbles have been work significantly more than 2k since Covid due to their expansion into different asset classes I think they just opened an Austin office and have been expanding their FX desks in London office. Best year was 2020 but 2021 was also significantly above 2015-19 avg.
Starting out after first year of training and starting on a desk, traders get on avg 50 marbles then bump to 100 then 200 but idk after that - friend hasn’t gotten that far.
What was grad base salary?
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