Interactive Brokers

www.interactivebrokers.com

Interactive Brokers Reviews

Updated 19 January 2015
Updated 19 January 2015
52 Reviews
2.9
52 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
36 Ratings

Review Highlights

Pros
  • Free lunch (if you stay in office and work during your lunch hour) (in 13 reviews)

  • Free lunch and free health insurance (you will regret it later) (in 3 reviews)


Cons
  • The work/life balance is non-existent (in 5 reviews)

  • Little to no growth potential for non-programming staff (in 6 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers

    Pros

    No politics, friendly atmosphere, opportunities

    Cons

    Low salary, small bonuses, hopefully in the future

    Advice to ManagementAdvice

    Bigger bonuses

    Recommends
    Positive Outlook
  2.  

    Good for programmers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers full-time (more than 3 years)

    Pros

    Work with very intelligent people.
    No politics. No red tape.
    Flat Hierarchy .
    Best place to learn the business.
    Everything you do has immediate impact.

    Cons

    High pressure. Demanding .
    Must be able to hit the ground running.
    Zero upward mobility.

    Neutral Outlook
    Approves of CEO
  3.  

    Bad managers, lack of perspectives and obsolete technology despite good things to learn

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Developer
    Former Employee - Software Developer

    I worked at Interactive Brokers full-time (less than an year)

    Pros

    * Some managers and colleagues are helpful if you approach them with respect.
    * Some teams tackle interesting problems with state-of-the-art tools (depending on the manager)
    * You end up delivering production sotware quickly (and in frequent cycles).
    * IT teams often drive the business process, or have a strong influence.
    * You can learn some interesting stuff about the business itself too.
    * Fairly stable company with solid financial background.

    Cons

    The previous reviews said it all. Avoid this company if you think of yourself as a real Software Engineer --you'll be a coder guy, mostly following orders. I often felt somewhat depressed, and it didn't get better.

    What I'd like to highlight:
    * Managers have huge egos and can get tyrannical. They may give you direct orders, or disregard you.
    * New joiners can expect that some managers and colleagues might NEVER collaborate.
    * A complete lack of perspective (career development) and insights. You are TOLD what to do, and that's it.
    * Often obsolete technology platforms, which cause continuous headaches. Zero initiative to re-engineer stuff.
    * Your ideas and opinions are often overlooked. These huge egos are sure they know it better anyway.
    * Very few trainings to keep your knowledge up-to-date.
    * Work gets dull and boring after a few months, due to the reasons above. Once you've reached the plateau, there's not much to learn and grow as a developer... unless you want to deep-dive into the business.

    Advice to ManagementAdvice

    * A more open-minded approach would be necessary to attract and retain skilled people. Simply throwing some money at them won't help on the long run.
    * More effort (yes, your precious time and money!) to rethink and rebuild outdated legacy systems.
    * Collaboration over the rigid 1950s management sytle.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Exciting, Fast Moving, Not for Slowpokes

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Legal/Compliance
    Current Employee - Legal/Compliance

    I have been working at Interactive Brokers

    Pros

    Intellectually challenging, Fast paced, Solid comp., Growing, successful business

    Cons

    Not fot hose who like a lot of structure and handholding and bureaucratic processes

    Recommends
    Positive Outlook
    Approves of CEO
  6. 3 people found this helpful  

    Hope You Like Working Under a Dictatorship

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Greenwich, CT (US)
    Current Employee - Anonymous Employee in Greenwich, CT (US)

    I have been working at Interactive Brokers full-time (more than 10 years)

    Pros

    Acceptable Pay, Good Benefits, Job Security

    Cons

    Minimal pay increase at the end of every year, 22 days MAXIMUM vacation and sick time combined even after several years of service, no job growth, no time to yourself during the work day or lunch break, you can never work enough hours to satisfy management requirements, your opinion will never be valued. If you are OK with being micromanaged, being told what to do, how to do it, and to do it immediately on a daily basis while realizing you will never get anywhere in the company then this is the place for you.

    Advice to ManagementAdvice

    Welcome to Interactive Brokers where if you aren't on top, you mean nothing to no one. Senior management is severely out of touch with today's technological advancements and what customers are looking for from a brokerage company. This company seems to be frozen in the early 90s with little to no improvement in the trading platform, its design, or ease of use. Progressive movement to create original ideas to keep the company in business are consistently shot down. Customer service is also lacking to say the least. Management does not promote from within and hires individuals from outside sources who are not qualified for doing the jobs that are asked of them. Basically, if you know nothing of the position you are applying for, then you are perfect for the job! Culture is cut throat with senior management constantly fighting with each other over who gets to play in the sandbox with the president, with their behavior childish at best. Constant insults and name calling are common place at this establishment at all levels; where sophisticated dialogue utilizing every swear word in the English language are terms used on a daily basis to define a coworker or their performance. President of company also likes to force his political views on his employees to further his own agenda for the Republican party. Most senior management are from foreign countries and do not speak English very well, this makes it very difficult to understand phone calls and emails from them.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7. 1 person found this helpful  

    Spontaneous mess

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Interactive Brokers full-time (more than 3 years)

    Pros

    Salary, paid lunch, no strict work control, it's easy to talk to people, good location, learn about finance, work with smart people

    Cons

    Managerial disaster, no logical policies (in fact often no policies at all), no real way to move forward, extreme measures to keep you at the firm (you get your current year bonus split over the next 6 years, if you leave you lose the rest c'mon), no vacation days, almost impossible to express your opinion upwards (i.e. 'this is what you have to work with dude'), lack of creativity, lack of proper planning for anything (no idea what PM is), lack of communication between people (on same project?), work sometimes comes 'from the air', lack of organization, managers are not managers, but commanders, dull 9 to 5 job in many cases

    Advice to ManagementAdvice

    You can make people more dedicated with promoting creativity, clear rules of what is expected from them. Dare to be more generous with vacations, opportunities for promotions, education, etc. Communication is in really bad shape. Managers should manage, not command.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Excellent company to work for and great stability

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers full-time (more than 5 years)

    Pros

    Good company to work for, great CEO, average management, lack of focus on specific areas at times

    Cons

    Lack of focus on promotions and bringing performers up

    Advice to ManagementAdvice

    Pay more attention to employees performance and especially the revenue generating employees

    Recommends
    Positive Outlook
    Approves of CEO
  9. 1 person found this helpful  

    Positive Experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Zug (Switzerland)
    Former Employee - Anonymous Employee in Zug (Switzerland)

    I worked at Interactive Brokers full-time (more than 3 years)

    Pros

    pay package, international team, good hours

    Cons

    Bureaucracy and company politics.
    Administrative processes involving HR

    Advice to ManagementAdvice

    stream line internal processes, work with employees and not against them.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    True meritocracy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - UI Developer in Greenwich, CT (US)
    Current Employee - UI Developer in Greenwich, CT (US)

    I have been working at Interactive Brokers full-time (more than 3 years)

    Pros

    Interactive Brokers dispenses with office politics and maneuvering, and presents the opportunity to work for a true meritocracy. If you are a senior developer ready to bring coding expertise and elbow-grease to the table, this is the place for you.

    Cons

    It would be great if there was a greater variety of free drink choices for people who don't drink coffee - do there really need to be 12 different blends of coffee?

    Recommends
    Approves of CEO

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