Interactive Brokers Reviews

Updated June 12, 2015
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3.1
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Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
38 Ratings

Pros
  • Free lunch (if you stay in office and work during your lunch hour) (in 13 reviews)

  • relaxed atmosphere, helpful coworkers and good benefits (in 2 reviews)

Cons
  • Little to no growth potential for non-programming staff (in 6 reviews)

  • With the internet policy, I feel people who work for a few years will loose any sense of emotion and become extremely apathetic (in 2 reviews)

More Pros and Cons

59 Employee Reviews

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  1. Manager

    • 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 (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    The compensation and benefit package is very competitive for a discount brokerage firm. Due to the selective application process, the turnover rate is very low. The firm will listen to an employee facing financial challenges and will provide assistance. Not many firms do that.

    Cons

    Overall, the talent appears to be underutilized. There is not a lot of mobility from one department or group to another. You get hired to do a job, and that's your job. Growth opportunities exist, but may be limited.


  2. Good starting point

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

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

    Recommends
    Recommends

    Pros

    Improvements to tasks are encouraged, good compensation and benefits.

    Cons

    Culture is not for everyone. Must be a self starter as new hire training process is weak. Poor work/life balance.

    Advice to Management

    Improve work/life balance.


  3. Helpful (3)

    Not a very creative place to work

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

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

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

    Pros

    Free lunch. Lack of office politics. Programming tasks are clearly defined. There are virtually no meetings or unnecessary talk. You are expected to come in and perform the tasks assigned to you and leave. Anything more or less is frowned upon.

    Cons

    Can't realistically work from home. This is a big quality of life issue. Supervisors and Managers tend to micromanage and not allow new ideas. The Java stack is 7-10 years old, so you will learn very little. You are expected to work very hard and are intensely monitored. HR is terrible. There is absolutely NO upwards mobility. I am told that the same group of managers/supervisors has been there since the early 2000's.

    Advice to Management

    Update the infrastructure to accommodate modern Vpn. You are competing with firms that provide comparable or better salaries and much better work-life balance. Hire more HR people, they are overworked. Give non-management programmers more autonomy. Provide new hires with a more structured orientation. The orientation is completely upto the supervisor and most do not do a good job.

    If you are going to stock the fridge, atleast to it in reasonable quantity. The food runs out thirty minutes after arrival in the morning. Currently it looks more like a token effort for recruitment boasts. Increase the lunch allowance by 20%, most people end up going over and paying for the overage out of pocket.


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  5. Helpful (5)

    Great Place to Work for Someone Who Works Hard and Wants to be Challenged

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

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

    Pros

    High growth company
    Little politics, advancement based on achievement
    Best of breed broker technology
    Outstanding place to learn and to be challenged

    Cons

    Interactive Brokers would not be a good place for a person who is most interested in doing the minimum, collecting a salary, and spending the majority of their time engaging in water cooler talk.


  6. Helpful (1)

    Challenging and Rewarding - Where Developers Are The MVPs

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

    I have been working at Interactive Brokers full-time (More than 10 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    - once you proved yourself, you have utmost freedom, only your output matters
    - compensation grows fast after a few years to a _very_ competitive level
    - most importantly, the company is evolving, most of the critics here have been listened to and are already being addressed!
    - hard work is valued
    - IT team is not a service department, but the driver of the company -- developers get the attention they deserve
    - only the most intelligent people (developers) are hired, creating an inspiring environment
    - you can use personal mobile internet anytime (it's up to you if your work suffers)
    - recently raised vacation days

    Cons

    Culture: introverted people, you have to actively look for opportunities to socialize
    HR team: not helpful and lots of mistakes
    Being among selected smart people lowers your own ego :)

    Advice to Management

    Revise HR team - otherwise keep on ;)


  7. Great Company

    • 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

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    No politics, friendly atmosphere, opportunities

    Cons

    Low salary, small bonuses, hopefully in the future

    Advice to Management

    Bigger bonuses


  8. Good for programmers

    • 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 (More than 3 years)

    Neutral Outlook
    Approves of CEO
    Neutral Outlook
    Approves of CEO

    Pros

    Work with very intelligent people.
    No politics. No red tape.
    Flat Hierarchy .
    Best place to learn the business.
    Everything you do has immediate impact.

    Cons

    High pressure. Demanding .
    Must be able to hit the ground running.
    Zero upward mobility.


  9. Helpful (1)

    Exciting, Fast Moving, Not for Slowpokes

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

    I have been working at Interactive Brokers

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

    Pros

    Intellectually challenging, Fast paced, Solid comp., Growing, successful business

    Cons

    Not fot hose who like a lot of structure and handholding and bureaucratic processes


  10. Helpful (8)

    Hope You Like Working Under a Dictatorship

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

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

    Pros

    Acceptable Pay, Good Benefits, Job Security

    Cons

    Minimal pay increase at the end of every year, 22 days MAXIMUM vacation and sick time combined even after several years of service, no job growth, no time to yourself during the work day or lunch break, you can never work enough hours to satisfy management requirements, your opinion will never be valued. If you are OK with being micromanaged, being told what to do, how to do it, and to do it immediately on a daily basis while realizing you will never get anywhere in the company then this is the place for you.

    Advice to Management

    Welcome to Interactive Brokers where if you aren't on top, you mean nothing to no one. Senior management is severely out of touch with today's technological advancements and what customers are looking for from a brokerage company. This company seems to be frozen in the early 90s with little to no improvement in the trading platform, its design, or ease of use. Progressive movement to create original ideas to keep the company in business are consistently shot down. Customer service is also lacking to say the least. Management does not promote from within and hires individuals from outside sources who are not qualified for doing the jobs that are asked of them. Basically, if you know nothing of the position you are applying for, then you are perfect for the job! Culture is cut throat with senior management constantly fighting with each other over who gets to play in the sandbox with the president, with their behavior childish at best. Constant insults and name calling are common place at this establishment at all levels; where sophisticated dialogue utilizing every swear word in the English language are terms used on a daily basis to define a coworker or their performance. President of company also likes to force his political views on his employees to further his own agenda for the Republican party. Most senior management are from foreign countries and do not speak English very well, this makes it very difficult to understand phone calls and emails from them.


  11. Helpful (11)

    Hostile Work Environment

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

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

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

    Pros

    I joined for location and the salary. I thought is was a great lateral move at the time.

    Cons

    Manager was an ignorant jerk who knew less than I did. It is unclear how he kept his job. He seemed particularly offended because I went to a great university and had academic credentials in addition to time in the trenches.

    Advice to Management

    I wish I had filed a law suit. I now regret taking the high road.



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