Interactive Brokers Reviews

Updated February 6, 2015
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5.0
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Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
7 Ratings

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

  • relaxed atmosphere, helpful coworkers and good benefits (in 2 reviews)

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

  • With the internet policy, I feel people who work for a few years will loose any sense of emotion and become extremely apathetic (in 2 reviews)

More Pros and Cons

8 Employee Reviews

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  1. Helpful (5)

    Great Place to Work for Someone Who Works Hard and Wants to be Challenged

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

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    High growth company Little politics, advancement based on achievement Best of breed broker technology Outstanding place to learn and to be challenged

    Cons

    Interactive Brokers would not be a good place for a person who is most interested in doing the minimum, collecting a salary, and spending the majority of their time engaging in water cooler talk.


  2. Helpful (1)

    Challenging and Rewarding - Where Developers Are The MVPs

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Greenwich, CT
    Current Employee - Senior Software Engineer in Greenwich, CT

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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    - once you proved yourself, you have utmost freedom, only your output matters - compensation grows fast after a few years to a _very_ competitive level - most importantly, the company is evolving, most of the critics here have been listened to and are already being addressed! - hard work is valued - IT team is not a service department, but the driver of the company -- developers get the attention they deserve - only the most intelligent people (developers) are hired, creating an inspiring environment - you can use personal mobile internet anytime (it's up to you if your work suffers) - recently raised vacation days

    Cons

    Culture: introverted people, you have to actively look for opportunities to socialize HR team: not helpful and lots of mistakes Being among selected smart people lowers your own ego :)

    Advice to Management

    Revise HR team - otherwise keep on ;)


  3. Helpful (1)

    Exciting, Fast Moving, Not for Slowpokes

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

    I have been working at Interactive Brokers

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    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


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  5. True meritocracy

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

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

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    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?


  6. Helpful (2)

    A Meritocracy for Programmers

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Programmer/Business Analyst in Greenwich, CT
    Current Employee - Programmer/Business Analyst in Greenwich, CT

    I have been working at Interactive Brokers full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    I've been at "IB" for roughly two years after a rather tortuous journey at several large banks. There are basically two primary businesses at IB : 1. The market maker (electronic trading) and 2. The automated brokerage. I work for the latter. Probably the greatest feature (as a programmer) working for this company is that management, and management's management, are all programmers. As a result, the intricacies and difficulties of writing good code are understood by higher-ups and rewarded. For example, you will never have to waste your time explaining to a panel of bureaucrats the differences between Java and Excel at IB. In terms of "culture", IB is certainly a for-profit business and as a result, management does expect their employees to contribute to the business while at work. It is generally frowned upon to shop for clothes or view Facebook during the day, although I must admit that we do (gasp) discuss non-work related topics along with taking the occasional afternoon stroll down Greenwich Ave. without the least fear of managerial reprisals. At IB, There is not much emphasis on team-building field trips or pinball-matchine break rooms like some companies have, although this is not what I personally look for in an employer, especially not when the economy sours. My impression is that IB's philosophy is to reward their employees with higher salaries and bonuses, rather than the aforementioned corporate perks. In contrast to some of the criticisms I have read below about management being intransigent, I have found new business ideas and technology to be readily embraced here... HOWEVER, be ready to make a business case for them. The utter absence of bureaucracy means decisions are made based on risk and potential profit, i.e. rationally.

    Cons

    There are a multitude of very smart people at this company, with a wide variety of different skills and knowledge. I think that it would be beneficial to have monthly presentations on different aspects of the business or different technologies people are using. Nothing like this is ever discouraged, it's just that no one is particularly proactive about it. We are a bunch of computer nerds so we like this stuff (or at least I do).

    Advice to Management

    See Cons


  7. simply wonderful place to work

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

    I have been working at Interactive Brokers full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great place to work. righteous mgmt. challenging stuff.

    Cons

    not much to speak of

    Advice to Management

    keep doing what you are doing


  8. great place for computer geeks wanting to branch into finance

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

    I have been working at Interactive Brokers

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Opportunity to advance for doing good job, little or no politics

    Cons

    If you stack off, it will be noticed and reflected in (lack of) bonus

    Advice to Management

    none


  9. Great firm...productive hi-tech atmosphere with nice people.

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

    I worked at Interactive Brokers

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    1 (optional) meeting each week Lots of parking, office park shuttle service to train/HQ near train Free lunch on the firm every day. Flexible 40-hour week (7-3, 9-5, etc)

    Cons

    Development is emphasized...so many new versions of product sometimes causes inconveniences for other departments.

    Advice to Management

    Drawbacks to the "Silo-ed" structure are mounting...what good are local optima? Mysterious development problems obviously spillover into marketing and sales depts.



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