Interactive Brokers
2.2 of 5 38 reviews
www.interactivebrokers.com Greenwich, CT 500 to 999 Employees

Interactive Brokers Reviews

Updated Oct 26, 2013

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2.2 38 reviews

                             

44% Approve of the CEO

Interactive Brokers Chairman, President, and CEO Thomas Peterffy

Thomas Peterffy

(27 ratings)

26% of employees recommend this company to a friend
6 Employee Reviews Back to all reviews
in

 

Time will tell

Anonymous Employee (Current Employee)

I have been working at Interactive Brokers

Prossalary is competitive to market

Consexpect to spend a majority of time there

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  • Culture & Values
         
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  • Approves of CEO

 

solid job opportunity

Anonymous Employee (Former Employee)

I worked at Interactive Brokers

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

Consthere 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 Senior Managementcontinue to hire new employees to grow staff as many groups are understaffed

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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great experiences with IB

Programmer (Former Employee)
Stamford, CT

I worked at Interactive Brokers

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

Consnot sure about the location, the wait between interviews are so long. the initial test took about an hour to complete.

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

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2 people found this helpful  

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

Anonymous Employee (Current Employee)

I have been working at Interactive Brokers

Prosfinancially 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.

ConsInnovations 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 Senior ManagementTake 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.

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Non Political but not much room for growth

Anonymous Employee (Current Employee)
Greenwich, CT

I have been working at Interactive Brokers

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

ConsIf 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 Senior ManagementThe 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.

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

Anonymous Employee (Current Employee)
Greenwich, CT

I have been working at Interactive Brokers

ProsDecent 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.

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

Advice to Senior ManagementI 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?

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Interactive Brokers reviews and ratings — including employee satisfaction and approval rating for Interactive Brokers CEO Thomas Peterffy. All 6 reviews posted anonymously by Interactive Brokers employees.