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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

Other Reviews for Interactive Brokers

  1.  

    don't work here if you want to be a real developer

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

    I have been working at Interactive Brokers

    Pros

    pay is not bad. working hours is OK. good location.

    Cons

    1, You don't feel like a developer working there, just a typist. Micro management detailed to the level that you don't have to have a brain working there, two hands are enough.

    2, Cryptic culture. Developers are often given projects without knowing what's is really for.

    3, The culture is formed in such a way that people do not talk to each other, they sit at their desk eating their lunch quietly ... day after day.

    Advice to ManagementAdvice

    In addition to money, try to be nice to you employees, do not just pretend to.

    Doesn't Recommend
    Disapproves of CEO
  2.  

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

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

    I worked at Interactive Brokers

    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 ManagementAdvice

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

    Recommends
    Approves of CEO
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