2 Years and Going Strong! - Trader TYR Employee Review

Supportive- From concept to completion, teams drive to push forward and deliver cool & innovative products. It’s inspiring to work alongside such talented individuals who truly care about what they do. Intelligent dedicated players - engineers and teams. Interesting product where I am constantly learning new things.

The company has a commitment to innovation and the supportive culture among colleagues. The team is passionate and driven, which makes for a motivating work environment. There is room for improvement in the responsiveness of support channels — At times, delays in communication have impacted project timelines.

TYR is genuinely a place to grow and learn the art of commodities trading. You'll get tons of support when it comes to sales training. Prepare to sit with your team and have your sales calls dissected (no punches will be pulled). The type of person who can excel in a role like this very rare. If you're asking yourself if you're that kind of person, the answer is probably no. The upside is insane. There were senior traders creeping up on a million per year in take home pay. Please understand that the likelihood of that happening is incredibly slim, but it's there. The ramp-up period of two years is one of the fairest in the industry. You'll receive a decent base salary, full benefits, and will earn a modest commission while you work towards the KPI's needed to "graduate". Once that happens, you're 100% commission, with the idea being that you've built a foundational book of business at that point. The President of the company is a fair man and has lots of wisdom to impart, especially if he takes a liking to you.

This is the unspoken truth when it comes to trading here. If you do not show promise very quickly, they will cut you without hesitation. All leads and accounts generated by traders who do not make the cut are then distributed amongst the senior traders. They take the biggest accounts for themselves and throw the crumbs to the junior traders. What this means is every new trader that comes on has less potential prospects than the one before. It's an unsustainable model in my opinion and generously favors the senior traders. The culture is definitely an interesting one. If you are a good cultural fit, you will receive support from the others in the bull pen. If you're not, you will be ruthlessly lampooned to your face or behind your back. These guys are sharks, that's just what it takes to succeed at this role. It's definitely got an old-school, boy's club feel to it. Those with thin skin will be eaten alive and made fun of for years after they're gone. This is not a reflection on the company, but the nature of this work is incredibly stressful. You will inevitably be dealing with $50-100K deals going arwy, and when the deal loses money, it comes out of your future earnings. It is not hard to find yourself in a hole if you do not have your business completely buttoned up. There is a million things that can go wrong in commodities trading, and often times it's completely out of your scope of control. You will never truly have time off from this role. Yes, there is PTO that is generous on paper, but it is impossible to completely unplug from this role. There are always shipments moving, accounts needing attention, and fires to put out. Expect next to no coverage from other traders when you're trying to take time off.