Interactive Brokers

  www.interactivebrokers.com
  www.interactivebrokers.com
There are newer employer reviews for Interactive Brokers

10 people found this helpful  

Everyone against everyone. Highly political. No life

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

I worked at Interactive Brokers full-time (more than 3 years)

Pros

Free lunch and free health insurance (you will regret it later)

Cons

The governing style is absolute tyranny.

Crazy night/weekend hours, frequent wake-up calls. Your pay will likely not reflect that. Developers are production management team by themselves.

Everyone is anti-social. You will never discuss your weekend or kids/family with any of your co-workers. Even an elevator conversation arriving at / departing from work (I am officially off at that time, right?) is all about what projects you or I are working on.

Did I just say "kids"? Forget you have kids (or are ever going to have them), and never mention it, or else... (see below)

When looking for candidates, top managers always ask their junior managers (who bring candidates to them), if a candidate has any kids. This is outright illegal to ask a candidate of, so I am not sure how they get this information. A typical answer is "well, he/she does, but the youngest one is almost 15 and will soon head out for college." (what?)

The process of assigning blame (or getting your things ready in case stuff happens) is very important, and takes about 30% of your work time. Any minor system malfunction looks like a public execution of whoever was found "guilty", and everyone is made aware of that.

Managers afraid to make any design decisions, and the most specific request I have ever heard was "build us a system that will work for us". In the end if it doesn't "work as our users were envisioning it in their head" it is all your fault.

You will have to pretend your boss (and his/her boss and so on) is the smartest guy on Earth, and you 100% agree with what they say on every account. You cannot possibly have an opinion, and you should feel lucky at any time of day (or night; you do work nights) that you are here.

Unprofessionalism, Disrespect, and Hate are the top human qualities here. You will spend most time fighting your peers. Everyone thinks highly of themselves, and hates everyone who is new to the company.

People come and go. Some positions are advertised on-going for years because people don't stay for long.

Many people who currently work here will be lying about how "great" this place is. They think If they tell you the truth, people will avoid them just because of the strange things they are talking about all the time. This is a typical victim mentality, so I don't blame them for lying. When I spoke to a recruiter, I was surprised with how many people are looking to escape from this place.

There are many more things that you should know before you start here, but I want to get back to my Saturday morning, and move on with my life, as reviving these images in my head from a few years ago takes quite a bit of energy and grief. I hope I have given people enough warning to make them stop and think before you make a decision that will affect your life for the next few years.

P.S. I have learned a lot. People who work with me right now (at another company) admire my survival skills, and they say I will survive anywhere. Yes, this is a good skill to have, but I wish it hasn't come at such a price.

I work at another firm in Finance now, and I am happy with my life, work, and my colleagues. Interactive Brokers is the biggest nightmare of my life.

Advice to ManagementAdvice

Invest in your people (no one would listen, but I had to put some text in this box for completeness)

Doesn't Recommend
Disapproves of CEO

48 Other Employee Reviews for Interactive Brokers (View Most Recent)

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  1.  

    the best brokers i ever worked with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Market Trader in New York, NY
    Current Employee - Market Trader in New York, NY

    I have been working at Interactive Brokers part-time (more than an year)

    Pros

    Very good working environment and career opportunity

    Cons

    too many strick rules this company should be more flexible

    Recommends
    Positive Outlook
    No opinion of CEO
  2. 6 people found this helpful  

    Mixed feelings

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

    I worked at Interactive Brokers full-time (more than an year)

    Pros

    - SOME employees are very smart, very good at what they do.
    - Agree with other commenter that business is run in an ethical manner. ie. doing the right thing even if no one is looking.
    - Still on the cutting edge in some areas.
    - Minimal bureaucracy.

    Cons

    - Current incentive structure (no incentivization of employees) guarantees that the smartest and most motivated will leave. This is why HFTs ate their lunch.
    - Low pay relative to industry.
    - No growth opportunities.
    - Company is kept alive by H-1B slave labor.
    - Some groups are wildly incompetent (eg. HR, Marketing) due to perceived irrelevance by mgmt and these should be fired en masse.
    - Very anti-social office culture.

    Advice to ManagementAdvice

    Get a life? TP runs this as a hobby, and I can't imagine a more boring hobby. If you're not HUNGRY, or know how to hire/retain people that are, your failure is guaranteed.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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