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Helpful (8)

rigid management and culture

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Interactive Brokers full-time

Doesn't Recommend
Neutral Outlook
No opinion of CEO
Doesn't Recommend
Neutral Outlook
No opinion of CEO

Pros

- some great engineers.
- free lunch (at a cost)

Cons

- free lunch at the cost of your lunch break.
- no growth and they don't care. same sh*t everyday.
- rigid management. you better be a machine that functions only to finish tasks.
- expect to work all time. eyes on you.
- don't expect help or communication. they are non-existent.
- many more....

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  1. simply wonderful place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers full-time

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    great place to work. righteous mgmt. challenging stuff.

    Cons

    not much to speak of

    Advice to Management

    keep doing what you are doing


  2. Helpful (7)

    Stay away if you are not desperate

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

    I worked at Interactive Brokers full-time (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Health insurance better than at most large financial institutions
    Reasonable hours compared to many financial institutions (approximately 9-6, work through lunch).
    There are quite a few competent and pleasant people.. if only you could interact with them during business hours!..
    If you are a mediocre c++ coder, you will be taught a minimal standard that will make you better.

    Cons

    Low compensation, uncompetitive vesting schedules, unethical authoritarian management, substandard time off policy, and zero flexibility.

    Your kid is sick and you need to be 2 hours late? Either take 1/2 day off (you get 16 days of sick+vacation), or work two extra hours in the evening. You choose between seeing a sick child, and a chance of a vacation. Sick with a fever? Take a day off. I have seen a lot of sick people putting in the hours.

    The employer is likely to stick to the letter of the job offer - so read it carefully, and make sure you understand what you are signing.

    There is no room for professional growth and upward mobility.
    You are assigned detailed projects (specs) by your manager, and are given no freedom in their execution. The "managers" call and treat all employees as 'programmers' - it is irrelevant that you were trained as an engineer of a scientist. You will be coding to a spec, no matter what.

    Your manager is your final arbiter. There are some "managers" who cannot stand up to their boss when issues arise. As an alternative, they blame their reports for failures (note the spec part above!), and repeatedly get their reports fired. The upper management did not question this pattern until a handful of people went the revolving door.

    Interaction with anyone is discouraged. You are paid to type, not to talk.

    And never, ever should you offer your opinion. Even as you walk in and see that certain areas are 2-3 years behind competitors - stay mum - IB managers already know that they are the best. Your input will get you nothing but trouble.

    Advice to Management

    Get modern management training.

    Learn to respect your employees and show it.

    Bring time off/sick leave policy in line with competition (3-4 week vacation, 1-2 weeks of sick leave). Bring deferrals in line with competition (0-30% for most, 2-4 years). Bring comp in line with competition. You are no longer paying well enough for people to disregard the issues. Your most desirable employees are snatched by competition. Who do you think is staying?


There are newer employer reviews for Interactive Brokers
There are newer employer reviews for Interactive Brokers

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