Interactive Brokers Reviews

Updated July 11, 2015
60 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset

60 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Bad managers, lack of perspectives and obsolete technology despite good things to learn

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Developer
    Former Employee - Software Developer

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

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

    Pros

    * Some managers and colleagues are helpful if you approach them with respect. * Some teams tackle interesting problems with state-of-the-art tools (depending on the manager) * You end up delivering production sotware quickly (and in frequent cycles). * IT teams often drive the business process, or have a strong influence. * You can learn some interesting stuff about the business itself too. * Fairly stable company with solid financial background.

    Cons

    The previous reviews said it all. Avoid this company if you think of yourself as a real Software Engineer --you'll be a coder guy, mostly following orders. I often felt somewhat depressed, and it didn't get better. What I'd like to highlight: * Managers have huge egos and can get tyrannical. They may give you direct orders, or disregard you. * New joiners can expect that some managers and colleagues might NEVER collaborate. * A complete lack of perspective (career development) and insights. You are TOLD what to do, and that's it. * Often obsolete technology platforms, which cause continuous headaches. Zero initiative to re-engineer stuff. * Your ideas and opinions are often overlooked. These huge egos are sure they know it better anyway. * Very few trainings to keep your knowledge up-to-date. * Work gets dull and boring after a few months, due to the reasons above. Once you've reached the plateau, there's not much to learn and grow as a developer... unless you want to deep-dive into the business.

    Advice to Management

    * A more open-minded approach would be necessary to attract and retain skilled people. Simply throwing some money at them won't help on the long run. * More effort (yes, your precious time and money!) to rethink and rebuild outdated legacy systems. * Collaboration over the rigid 1950s management sytle.


  2. 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.


  3. 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


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (2)

    Spontaneous mess

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

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

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

    Pros

    Salary, paid lunch, no strict work control, it's easy to talk to people, good location, learn about finance, work with smart people

    Cons

    Managerial disaster, no logical policies (in fact often no policies at all), no real way to move forward, extreme measures to keep you at the firm (you get your current year bonus split over the next 6 years, if you leave you lose the rest?? c'mon), no vacation days, almost impossible to express your opinion upwards (i.e. 'this is what you have to work with dude'), lack of creativity, lack of proper planning for anything (no idea what PM is), lack of communication between people (on same project?), work sometimes comes 'from the air', lack of organization, managers are not managers, but commanders, dull 9 to 5 job in many cases

    Advice to Management

    You can make people more dedicated with promoting creativity, clear rules of what is expected from them. Dare to be more generous with vacations, opportunities for promotions, education, etc. Communication is in really bad shape. Managers should manage, not command.


  6. 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.


  7. 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.


  8. Helpful (1)

    Positive Experience

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Zug (Switzerland)
    Former Employee - Anonymous Employee in Zug (Switzerland)

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

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

    Pros

    pay package, international team, good hours

    Cons

    Bureaucracy and company politics. Administrative processes involving HR

    Advice to Management

    stream line internal processes, work with employees and not against them.


  9. True meritocracy

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

    I have been working at Interactive Brokers full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Interactive Brokers dispenses with office politics and maneuvering, and presents the opportunity to work for a true meritocracy. If you are a senior developer ready to bring coding expertise and elbow-grease to the table, this is the place for you.

    Cons

    It would be great if there was a greater variety of free drink choices for people who don't drink coffee - do there really need to be 12 different blends of coffee?


  10. Helpful (2)

    A Meritocracy for Programmers

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

    I have been working at Interactive Brokers full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    I've been at "IB" for roughly two years after a rather tortuous journey at several large banks. There are basically two primary businesses at IB : 1. The market maker (electronic trading) and 2. The automated brokerage. I work for the latter. Probably the greatest feature (as a programmer) working for this company is that management, and management's management, are all programmers. As a result, the intricacies and difficulties of writing good code are understood by higher-ups and rewarded. For example, you will never have to waste your time explaining to a panel of bureaucrats the differences between Java and Excel at IB. In terms of "culture", IB is certainly a for-profit business and as a result, management does expect their employees to contribute to the business while at work. It is generally frowned upon to shop for clothes or view Facebook during the day, although I must admit that we do (gasp) discuss non-work related topics along with taking the occasional afternoon stroll down Greenwich Ave. without the least fear of managerial reprisals. At IB, There is not much emphasis on team-building field trips or pinball-matchine break rooms like some companies have, although this is not what I personally look for in an employer, especially not when the economy sours. My impression is that IB's philosophy is to reward their employees with higher salaries and bonuses, rather than the aforementioned corporate perks. In contrast to some of the criticisms I have read below about management being intransigent, I have found new business ideas and technology to be readily embraced here... HOWEVER, be ready to make a business case for them. The utter absence of bureaucracy means decisions are made based on risk and potential profit, i.e. rationally.

    Cons

    There are a multitude of very smart people at this company, with a wide variety of different skills and knowledge. I think that it would be beneficial to have monthly presentations on different aspects of the business or different technologies people are using. Nothing like this is ever discouraged, it's just that no one is particularly proactive about it. We are a bunch of computer nerds so we like this stuff (or at least I do).

    Advice to Management

    See Cons


  11. Helpful (10)

    Horrible! Real devils in here!

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

    I have been working 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

    There is some really good engineering work being done

    Cons

    - No internet at all. Not even restricted/moderated internet. You cannot get a glimpse of what is happening in the outside world from morning 9am-6pm for a near 365 days a year. In today's world, this is like stringing up a person without allowing air to breathe. - Adding to the internet policy, the culture is one of the worst. The managers are horrible with absolutely no humane feelings. They expect you to be like slaves, no question asked, no issue raised against your head. With the internet policy, I feel people who work for a few years will loose any sense of emotion and become extremely apathetic. People this will have very adverse affects on your personal lives. So please read this and do not take an offer at this company even though the money they give is somewhat above the average market value. - The head of the one of the departments even sometimes makes this explicit when hiring you: "Being social is not good in the company". So not take this lightly. The culture will drain any life from you. You work in the company for 10 years and not know anything about the guy sitting next to you. - H1B/Work visa permit holders... READ THIS!!: They only give 10 days of vacation for the whole year for the first 5 years! Yes just 10 days a year! So, you will have no time to prepare for interviews leave alone actually interviewing with companies to get out of the place if you don't like the culture. I have seen many people who are stuck there because of this situation. This will drive you crazy leading to many psychological problems.

    Advice to Management

    Give your employees internet if they need. You can give them the tradeoff of reducing their salary for having their internet monitored if security is a concern. Get a life guys. Treat your employees like they are humans and remember they have feelings too. They need to get a life where they can smile once they get home and not think about why they ever got stuck at this company.



Showing 60 of 60 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.