Interactive Brokers Reviews | Glassdoor

Interactive Brokers Reviews

Updated August 15, 2017
118 reviews

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3.5
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Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
70 Ratings

118 Employee Reviews

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Pros
  • Free lunch from area restaurants is a nice perk (in 34 reviews)

  • no nonsense" philosophy & no politics / red-tape (in 8 reviews)

Cons
  • Work from home option almost non-existent (this has to do mostly with security concerns and the nature of business) (in 5 reviews)

  • The work/life balance is non-existent (in 5 reviews)

More Pros and Cons

  1. Helpful (1)

    "software developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Greenwich, CT
    Current Employee - Software Developer in Greenwich, CT
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Got great supervisor, engaged into great projects with latest technology. The salary is good. A great start for a new graduate.

    Cons

    The management still can be improved.

    Advice to Management

    Try to be more open-minded to the advice from employees.


  2. "Growth and Stability"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    Great people, amazing growth and stability of the company

    Cons

    A little better communication

    Advice to Management

    Empower your employees to do great things and support them

  3. "Employer Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    IBG is a great place to work! Fast-paced, progressive & friendly environment.
    The work is challenging & never boring, and there’s a particularly strong focus on technology and increased efficiency through automation.
    Another wonderful aspect of the company is its lack of a bureaucratic and formalistic work-place environment.

    Cons

    I have not personally observed any negative factors


  4. Helpful (1)

    "Client Service"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Client Services in Greenwich, CT
    Current Employee - Client Services in Greenwich, CT
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Great work environment. Supervisors and managers who work with and not against. Free lunch. Solid benefits package.

    Cons

    Pay could be better. Vesting schedule as well.

    Advice to Management

    Better hardware please.


  5. Helpful (1)

    "Hate it here on most days"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Interactive Brokers full-time (More than 8 years)

    Pros

    Very fast paced environment, great for self starters able to work and think independently. Great benefits and salary.

    Cons

    Very fast paced environment (seriously, sink or swim!) so many are not able to handle it. No training. No work/life balance. No people skills. High pressure environment. People will get chewed/cursed out in front of their co-workers.

    Advice to Management

    Prioritize training. Hire people who know how to manage people. Promote from within.


  6. "Stable company, good pay, meritocracy"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Developer in Greenwich, CT
    Current Employee - Senior Software Developer in Greenwich, CT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very stable company, the brokerage business has big inertia and we are in a good position to have much bigger market share in the future. When a project does not pan out the people from the group are redeployed to other departments instead of getting laid off. Many people plan to retire from here.

    Good work-life balance, I rarely do overtime and I was never expected to do so. If your task has a deadline management will give you help instead of expecting 16 hour workdays.

    Compensation is very good, especially for long term employees when the stock vesting ramped up. Bonus is very reliable, I haven't seen a decrease in it for the past decade even when my department was only breaking even. As far as stable companies go they pay top dollar.

    Most of the management are former engineers and can actually understand your ideas/problems. The good news is that if your idea is valid from business perspective they will be happy to allocate resources to it. On the other hand if it is just let's bring in the next cool 3rd party library or let's refactor some code that nobody touched in years, they won't buy it.

    Cons

    The stock vesting period of 7 years is too long.

    If you are looking for career advancement above being a senior developer or maybe a team leader it is unlikely to happen here. The managers have been here for decades and they are not going anywhere. Since the business is very mature there are no new departments forming with big upside.

    Advice to Management

    It would be great to have learning opportunities sponsored by the company.


  7. "Going great, so far"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance in Greenwich, CT
    Current Employee - Finance in Greenwich, CT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Stimulating and challenging work, fully paid health care benefits, competitive pay structure, flat structure, company sponsored lunch, fantastic work life balance.
    No bureaucracy. Absence of unproductive meetings.
    Lot of interesting projects to work, with opportunities to grow.
    Recruitment process is fairly transparent.

    Cons

    No work from home options plus limited vacation/sick time as compared to industry standards.
    To thrive here, one needs to be a strong self-starter (no hand-holding or mentoring here). Depending upon your personality type, this could be a pro or a con.

    Advice to Management

    Invest resources in employee training programs which would result in greater employee efficiency and effectiveness.
    Increase the number of vacation days.

  8. "Never been happier"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Greenwich, CT
    Current Employee - Software Developer in Greenwich, CT
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Free lunch. Fully stocked kitchen. Interesting work. VERY competitive salary.

    Cons

    Nothing to complain about. Absolutely love it here. Will likely never leave.

    Advice to Management

    None.


  9. "Great company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Developer in Greenwich, CT
    Current Employee - Software Developer in Greenwich, CT
    Recommends
    Positive Outlook

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

    Pros

    Working with the latest software technologies, free lunch, great benefits, flexible hours, nice working environment.

    Cons

    Nothing to complain about so far

    Advice to Management

    Consider employees' suggestions for any improvement. Otherwise, keep up the good work!


  10. "Great experience so far"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Greenwich, CT
    Current Employee - Anonymous Employee in Greenwich, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    I have been working here less than a year, and it has been excellent experience so far. Stable growth company, good pay and benefits, free lunches and snacks, good work/life balance, and knowledgeable management team. Recruiting was transparent and responsive during the hiring process.

    Cons

    In addition to hands-on training, the company needs to provide better training materials and classes.


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