I was given a lot of responsibility early on -- get to make a lot of decisions that have real impact on the deals I'm working on in 6 reviews. Deal strategy is exciting, interesting in 3 reviews.
As other reviews have stated, there is a possibility to make good money at CAE in 3 reviews. There are good people in each department in 3 reviews. Crazy long hours , abusive management, really tough market which led to minimal sales, tons of turnover in 9 reviews. There is almost no work-life balance , and "trading" here leaves you with very few transferrable career skills, going forward in 5 reviews.
The hours and conditions stated by a couple of the failed traders or whoever it is on this site are rather comical in 13 reviews. Obviously, the money is good — solid base plus monthly bonuses which end up being multiples of your base salary 2x my base salary for me during my first year.
Everyone seems to get along pretty well — lots of people hang out outside of the office. Everyone is bright, easy to work with for the most part.
Austin, TX is great — I relocated here for this job from the East Coast without knowing anyone and it has been a pretty easy transition. Living within walking distance to the office and all of the bars and restaurants ATX is known for has been great.
There's a ton of new info to grasp and you can't work as quickly as people with experience. None of this was a surprise to me -- it was expected.
Days typically wrap up around 9pm M-Th in your first year -- sometimes longer, sometimes shorter. I was used to working these hours, so this wasn't a problem for me. It isn't too hard to develop a routine, but yeah -- it's kind of hard to have a social life during the week.
Fridays wrap up around 3pm, never work after that or on Saturdays unlike my last job , so you always have the weekend. The hours and conditions stated by a couple of the failed traders or whoever it is on this site are rather comical.
People are cool and basically everyone does well so it's a cool environment. Not sure if these people were actually traders here or if they work for another company in our industry now, or what their reasoning is, but it sounds like someone, somewhere must have hurt their feelings.
I think they should be done more frequently. The work is interesting. The market opportunity is ridiculous. There are literally billions of dollars being spent within our market on a monthly basis, and nothing is preventing us from capturing it. Compensation — see above. The money is there to be made, and CAE pays its people well.
Bonuses paid out monthly rather than waiting until the end of the year. Doing business in certain Asian countries can be frustrating. This is something that effects everyone, though, and is not unique to CAE. Some of the most interesting work has actually occurred mid-deal when faced with issues. Those were trading floors focused in different industries, but CAE recruits people from those industries so I was surprised to see some of the nonsense posted in those reviews.
Do more happy hours. Maybe bi-weekly instead of monthly. Office is pretty nice, location is really good -- downtown, ATX. Salary, bonus, benefits are all above average. There are good people in each department. I was given a lot of responsibility early on -- get to make a lot of decisions that have real impact on the deals I'm working on.
I've seen people advance really quickly here. It wasn't too hard to scale when i first started out. There is an effort to do this, but it could be taken further. The office is missing a ceiling, has white walls with nothing on them, and you are reprimanded for laughing.
The first meeting I had with my boss he told me "You are only relevant to me if you make me money". I was told I could be forced to stay and not attend my sister's graduation because "i hadn't hit quota that month". If you take PTO, you will still get told to do work, make calls. It's a mess, this section could go on forever but you get the point. They try and force people to quit here so they don't have to fire them. This is a problem, because they pitch years of development, send you a list of expensive apartments to rent, then kick you to the curb a handful of months in if they want.
As some other posts have said, CAE has a terrible rep in the industry. You will be told "they hate us, but they do business with us". That's low level thinking though. In a perfectly logical world, maybe that happens. In a human industry, people will be price insensitive in spots where they feel cheated, bullied, threatened, etc Most people just drown their sorrows.
You can't do anything during the week, and by the time the weekend hits, your spirit will have been so thoroughly dragged through the mud you won't want to do anything.
I read the negative reviews and decided to still give it a shot. It is a flashy salary and you can write the "abusive" aspect off as part of the industry that is hijinxy in movies. It's not like the movies though. It's relentlessly depressing there. There is a reason they want people from out of state. The only way management can behave the way they do is if employees feel stuck and helpless.
Do anything else besides work here. Search former employees on LinkedIn and reach out to them if you still need convincing. Compensation solid base plus monthly bonuses 2. Management is highly involved in your work 4. Hours can be long in your first year 2. No shoulders to cry on. Keep hiring good people. Keep investing in software and data improvements. As other reviews have stated, there is a possibility to make good money at CAE. This is the only reason I can objectively not give CAE the lowest possible review, because some people actually do value the possibility of money over their sanity and well-being.
Some of the coworkers were cool. Benefits were fairly good. When you leave you will , you can easily explain in interviews that you've dealt with great pressure and arduous hours under shaky management. I cannot, in good conscience, recommend to anyone that they overlook the glaringly negative reviews for the falsified positives, and join CAE. Yes, there is money to be made, but it's just as likely that you won't make much. There is very little correlation between skill and compensation - unless you're a senior guy with many accounts, success at CAE is mainly luck, by way of stumbling across a valuable deal.
If you're not senior, you'll likely spend many long hours aimlessly pestering clients, sometimes even blatantly lying to them at the direction of the management.
Sometimes, it's right place, right time, and a client will hand you a great deal; more often though, they'll beg or demand that CAE please leave them alone. Many of the big industry end users refuse to speak to CAE at all. Unfortunately, most of the negative reviews of CAE on here are true, and I have a hard time believing the positive ones were not written by CAE management to tilt the reviews in their favor.
Management loves telling everyone how things have changed and will continue to, going forward. I saw no difference in my time there between what I had read of CAE before I was there and when I was there, and also from how I was told it would change when I began to how it was when I left.
The more-tenured employees will tell you the same. This is a very materialistic, dog-eat-dog environment.
Your coworkers will go behind your back to close a deal, if they can. And usually, if they do close it, there's no recourse against them.
The top traders are successful, but almost everyone else knows they're expendable, and will be fed to the wolves when the CEO has one of his characteristic, unhinged temper tantrums. Make no mistake, you will be a pawn to them.
There is almost no work-life balance, and "trading" here leaves you with very few transferrable career skills, going forward. The wiser ones in life will always tell you to pursue something you're passionate about, rather than chasing money. CAE is a living, breathing example of how true that adage really is. The CEO is a bright guy, but his leadership and tendencies are borderline sociopathic. He's fairly unstable, honestly. My advice is to stop being so incredibly shortsighted to close a quick deal.
Maybe consider acting in a humane way with your clients, and even some of your own employees. It might sound crazy, but honesty and respect are fairly valued in this world. Relationships are more important than closing one deal. Who knows, you may close a few more with them if they still respect you after dealing with you once.More...