Interactive Brokers

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

4 people found this helpful  

Horrible place. Unless your kids are starving, look elsewhere.

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

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

Pros

Paycheck and Health Insurance, Free lunch ( that isn't free at all )

Cons

Impotent HR, Flawed review process, complete disrespect to employees, Blind following of orders is required, Dysfunctional atmosphere that could be damaging to mental well-being in the long run. Do not confuse this company with any other in the financial filed and do not get fooled by interviewers who are trying to draw a rosy picture, you will regret it later. Low compensation and bonus compared to industry standards.

Advice to ManagementAdvice

Invest into employees, review your middle management so that they do not abuse power, start acting like a $6B company. Interview employees and review their goals ambitions and general well being. Give employees ability to submit anonymous reviews of their managers. Educate your middle management, as they are mostly uneducated without any real management experience thinking bullying is an appropriate management style.

Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

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  1. 3 people found this helpful  

    Show Me The Money

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    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 5 years)

    Pros

    The money is pretty good. They pay programmers very well and they pay managers very well, but everyone else is paid just okay, but you get annual bonuses and stock options. There is little or no bureaucracy, and very few meetings. This place is not bogged down in process. The non-management people who work here are very nice. The business can be interesting. If you're lucky, you get to work on interesting projects. Medical insurance premiums are paid for 100%.

    Cons

    You work here for the money. That's the bottom line. They pay for lunch, but not because they're nice, it's so you stay at your desk during lunch. They pay for medical benefits, which are ultimately insufficient if you have a major medical issue. You get 15 days off per year for personal, sick and vacation time, then an extra two days at five years. And you are discouraged from taking too much time off. It is for many employees, a sweat shop. The structure of the company is based on silos: each department is competing with other for the CEO's attention and favor; that is the sole motivator behind all day-to-day decisions. Only management is allowed to create projects and come up with creative solutions, in spite of their lack of real experience and training in many areas, such as software project design, marketing, user interface design, and so on. There is no career growth, no annual reviews, no promotions.

    If you want to come and make money and work a lot for a few years, this can be a decent place to be. But it will not be personally or professionally satisfying in any way, and you will get cynical and burn out fairly quickly.

    The CEO has surrounded himself with a bunch of long-time associates, most of whom are all from Eastern Europe like himself and have all become millionaires. If you're not in that club, you are simply a lowly employee treated disrespectfully.

    Advice to ManagementAdvice

    These guys are hopeless. It all flows from the CEO's benevolent dictator management style. Until and unless he changes his personality, it will continue on this path. They really need to bring in people from other companies and allow them to challenge the status quo. And give employees better work-life balance.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 4 people found this helpful  

    terrible place

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

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

    Pros

    good comp & job security. great bonuses. decent benefits. some really smart developers. the annual company party is a nice touch. free lunch.

    Cons

    The work/life balance is non-existent. The first time I tried going out for lunch, I was reprimanded by my manager and told that lunch is to be eaten at my desk, while working. Bullying is alive and well, with senior management routinely screaming at, cursing, and berating employees. The atmosphere is that of a sweatshop. No salary is worth the treatment you'll receive here.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
There are newer employer reviews for Interactive Brokers

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