Interactive Brokers

  www.interactivebrokers.com
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2 people found this helpful  

Its a miracle there hasnt been an office shooting there yet

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

Pros

They pay for your lunch
Fully stocked pantry
I heard they finally upgraded the accounting systems.
The "party favors" at the annual meting/holiday party
The Chicago people seemed nice
The money flowed like water (at least it did in 1999-2000)

Cons

No life work balance
Asinine procedures
TP has to have his hands in every aspect of the business but cannot be bothered if you need his signature or approval for anything
Office bullying is rampant at all levels

Advice to ManagementAdvice

There are more activist investors out there that know what kind of outfit you run and avoid IB like the plague beacuse of it.
Actually, keep doing what youre doing. Ive made a s---load shorting IB since you went publc.

Doesn't Recommend
Disapproves of CEO

Other reviews for Interactive Brokers

  1.  

    Exciting but lack of proper supervision

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Trader  in  Dhaka (Bangladesh)
    Former Employee - Financial Trader in Dhaka (Bangladesh)

    Pros

    - Opportunity to trade in foreign financial market and learn about the market practically.
    - Opportunity to learn technical analysis by applying it in real situation.
    - Management gave ample opportunity to prepare for real trading by trading simulation

    Cons

    - Only two person in the firm have real trading experience.
    - Do not have a knowledgeable and experienced supervisor for new traders.
    - Failed to give a proper guideline to the new trader for example: what is expected to them after the end of a day or month.

    Advice to ManagementAdvice

    - Should appoint a supervisor who have real trading experience.
    - Should have more trading style in the firm to accommodate different people with different qualification. For example: A person who have proper training and motivation to trade by proper analysis should have the independence to trade coming out of the limitation of "day trading style"

  2. 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

    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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