MarketAxess
MarketAxess Compensation & Benefits
MarketAxess Employee Perspectives
Your quotable take on the most valuable benefit your employer offers?
I am really proud of our overall competitive programming. What stands out is our 401(k) matching program for our U.S. employees. We match dollar for dollar up to $17,500, which was an increase in the previously offered $10,000. Globally, employees value our flexible wellness stipend. This offering, along with our many other wellness initiatives, allows us to continue to promote healthy living.
I think that goes hand in hand with our five-year anniversary leave benefit that rewards eligible employees with a two-week sabbatical in addition to PTO, acknowledging their long service. This allows employees to take extended time off to re-energize or even get to take the holiday they’ve never gotten around to making happen! A colleague in compliance spent his sabbatical driving through Italy with his wife and children. Another colleague in finance spent hers in Australia learning to surf and finally seeing the Great Barrier Reef. A fellow HR employee spent his first sabbatical traveling Tel Aviv and Cairo and the second celebrating his 10-year anniversary in Japan. It makes me so happy that we can offer these benefits, but seeing them being used in this way is truly incredible.
How do managers encourage employees to leverage these benefits?
A good manager is someone who encourages you to be your best authentic self at work, one who motivates you and pushes you to learn and grow in your career while supporting your well-being. I believe managers set the precedent and therefore should utilize employer benefits and resources available. Organization-wide, work-life balance is highly valued. While five vacation days can be rolled over to the next year as personal days, employees are encouraged to take all of their allotted time off.
Toward the end of the year, when certain parts of our business are slower, reminders to take and track PTO are circulated via our intranet, and managers reiterate those sentiments to their department. We know that each employee plays a pivotal role in our business, but taking time off and truly unplugging is just as important. Our people leaders work closely with HR to ensure there is coverage of responsibilities when members of their team are out. Even at a high level, managers across the board encourage their teams to stay engaged with our intranet so that they stay abreast of our HR initiatives and benefits.
The Impact of MarketAxess's Benefits By the Numbers
- Roughly 75 percent of eligible employees used the company’s wellness stipend in 2024
- Over 90 percent of employees participate in the company’s 401(k) plan, and over 50 percent of those are maxing out their contribution and the employer match
- 40 percent of employees have a tenure surpassing five years
MarketAxess's Benefits
Offers company equity
Offers employee stock purchase plan
MarketAxess offers an ESPP through Charles Schwab. MarketAxess issues matching shares equal to 20% of employee purchases with a one year vesting period.
Offers performance bonuses
Provides pay transparency
Provides relocation assistance
Offers childcare benefits
MarketAxess offers emergency daycare and elder care through Bright Horizons for up to 10 days per year.
Offers generous parental leave
Provides a post-parental leave return-to-work program
Provides adoption assistance
Provides an onsite Mother's Room
Provides family medical leave
MarketAxess offers up to 12 weeks of unpaid, job-protected leave per year, as well as maintained health benefits, for any employee eligible under the Family and Medical Leave Act (FMLA).
Provides fertility benefits
Offers dental insurance
MarketAxess's dental plan covers 100% of the cost of preventative care, including x-rays.
Offers Flexible Spending Account (FSA)
MarketAxess's Flexible Spending Account (FSA) helps employees cover out-of-pocket medical expenses with pre-tax contributions of up to $2,650 annually.
Offers health insurance
MarketAxess's health insurance plan with UHC covers most employees' out-of-pocket costs, and nearly all the rest by providing a Health Reimbursement Account (HRA).
Offers mental health benefits
MarketAxess offers employees and their families several options to access confidential, professional assistance 24/7. Access is in-person or through telephonic consultants or online resources
Offers pet insurance
MarketAxess's pet insurance employee benefit reimburses up to 90% of veterinary services, such as x-rays, blood tests, hospitalization and surgeries.
Offers transgender health care benefits
Offers vision insurance
MarketAxess's vision insurance plan provides 100% coverage for annual eye exams and lenses after a $10 copay. Frames and contact lenses are covered up to $120.
Offers 401(K)
MarketAxess's 401(k) retirement plan offers a broad selection of stocks, bonds and international index funds to choose from.
Offers charitable contribution matching
MarketAxess will match 100% of any qualifying charitable cash gifts up to $2,000 per year.
Offers disability insurance
MarketAxess's disability benefit is 100% for the first six weeks of an illness (and then 60% for the duration of disability benefits) of an employee's annual salary up to a $10,000 maximum monthly pay
Offers life insurance
MarketAxess offers AD&D life insurance with a payout of 2x an employee's annual salary up to $500K, plus voluntary additional AD&D insurance.
Provides 401(K) matching
MarketAxess provides employees with a 401(k) matching plan managed by Fidelity Investments . We match 100% of contributions up to $10,000 of an employee's annual gross pay.
Provides a pension
