Interactive Brokers

  www.interactivebrokers.com
  www.interactivebrokers.com

Interactive Brokers Reviews

Updated July 15, 2014
Updated July 15, 2014
46 Reviews
2.8
46 Reviews
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Approve of CEO
Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
33 Ratings

7 Employee Reviews Back to all reviews

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  1. 2 people found this helpful  

    customer service representative

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service Representative in Chicago, IL
    Current Employee - Customer Service Representative in Chicago, IL

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

    Pros

    Good food, people here are very nice. very stable job, endless work.
    A lot of work is a good thing, then, you won't get fired.

    Cons

    So tired. Talking with customers all the time is very exhausting.

    Advice to ManagementAdvice

    it is better to give employees some time to communicate. Working is just too busy all the time. No time to talk with coworkers. Should have some happy hours time.

    Doesn't Recommend
  2.  

    Time will tell

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers

    Pros

    salary is competitive to market

    Cons

    expect to spend a majority of time there

  3.  

    great experiences with IB

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Programmer in Stamford, CT
    Former Employee - Programmer in Stamford, CT

    I worked at Interactive Brokers

    Pros

    relaxed atmosphere, helpful coworkers and good benefits. the staff is placed in an effective way, so everyone has to work hard

    Cons

    not sure about the location, the wait between interviews are so long. the initial test took about an hour to complete.

    Advice to ManagementAdvice

    hire people with better education background; make sure the interview process is more structured. otherwise, like the interview style and the general manner.

    Approves of CEO
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  5. 1 person found this helpful  

    Non Political but not much room for growth

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

    I have been working at Interactive Brokers

    Pros

    Almost zero politics
    Job Stability
    Senior Management is Ethical
    A very competent CEO
    The timings are generally ok
    Decent year end bonuses

    Cons

    If you're committed to a stable job with very little growth prospects but decent pay and bonus, then this is the right place for you. For the more ambitious types and non-Eastern Europeans, look elsewhere.

    Advice to ManagementAdvice

    The Company is a one man show. If the expectation is global growth and expansion then opportunities need to be extended to non E European employees as well.

    No opinion of CEO
  6.  

    If you want to maintain the status quo and not be able to challenge anything, this is the place to be.

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

    I have been working at Interactive Brokers

    Pros

    Decent benefits except vacation days.
    You don't have to worry about politics.
    Senior management is very competent.
    The Company is very efficiently managed and is almost a guaranteed net income generator. Therefore, the stability factor is a big plus plus.

    Cons

    Vacation days.
    Little to no flexibility allowed.
    Little to no growth potential for non-programming staff.
    Very little (if any) cross communication.

    Advice to ManagementAdvice

    I don't think the management needs any advice as far as the bottom line is concerned. The Company consistently generates good revenue and has a great handle on managing the major costs. As far as employee morale is concerned, not sure if this is considered important at all - so why bother advising?

    Doesn't Recommend
    No opinion of CEO
  7.  

    solid job opportunity

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

    I worked at Interactive Brokers

    Pros

    decent salary and bonus. good perks (free lunch). solid benefits (health, dental, vision, 401K0. opportunity to learn.

    Cons

    there is minimal training. groups are understaffed, so there is a high work load for each employee and tends to lead to friction between employees.

    Advice to ManagementAdvice

    continue to hire new employees to grow staff as many groups are understaffed

    Recommends
    Positive Outlook
    Approves of CEO
  8. 2 people found this helpful  

    stable company hedged against turbulent downside but chronically running out of new ideas

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

    I have been working at Interactive Brokers

    Pros

    financially hedged against market turbulence because the nature of market making and brokerage business.
    Almost no politics. Everyone works hard. Manager is fair and straight in compensation.

    Cons

    Innovations from ground level employees are not encouraged. The only people that are eligible to do "thinking" are the few biggest shots at top management level.
    No communications, no incentive for cooperations. Lots of redundant and subpar work.
    Fetish with cost reduction and execution efficiency: penny-wise and dollar-foolish.
    Zero attention to employee's career development. No job title, no visibility in the profession circle. They want you to forever work there, which means slow death if the word 'ambition' still sounds good to you.

    Advice to ManagementAdvice

    Take a breath, put away petty meaningless product 'features', do some visionary thinking. Otherwise IB will be forever stuck with a 'low-cost' brainless muscle executor image. Well, not really 'forever', because labors in US is still lofty and competitors from around globe will catch up, just look at what happened to Timberhill's steady decline.

    Disapproves of CEO

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