Interactive Brokers Employee Reviews | Glassdoor

Interactive Brokers Reviews

Updated February 19, 2017
96 reviews

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Full-time Part-time

3.2
Star Star Star Star Star
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Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
56 Ratings

96 Employee Reviews

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Pros
  • Free lunch from area restaurants is a nice perk (in 27 reviews)

  • no nonsense" philosophy & no politics / red-tape (in 7 reviews)

Cons
  • Work from home option almost non-existent (this has to do mostly with security concerns and the nature of business) (in 4 reviews)

  • Due to the small size of employee base, not much of human resource management initiatives (in 3 reviews)

More Pros and Cons

  1. "Great Company to work for"

    Star Star Star Star Star
    • 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

    Benefits, very little politics, knowledgeable management.

    Cons

    employee programs are on low side


  2. Helpful (2)

    "New Account Specialist"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    They have good benefits

    Cons

    Poor middle management, they need to all get re-evaluated. Stressful environment.

    Advice to Management

    All managers need to get re-trained and need to change the environment.


  3. "Software engineer"

    Star Star Star Star Star
    • 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

    Pros

    Good learning environment. Had a big market share back in the day. One of the largest market makers.

    Cons

    Not a very open environment. Long work hours. Management was mediocre.

    Advice to Management

    Focus on technology and her better talent.


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  5. Helpful (2)

    "Good Benefits"

    Star Star Star Star Star
    • 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
    Neutral Outlook
    Approves of CEO

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

    Pros

    Smart people work here. Leaders in their industries and have built a very successful enterprise. This is an excellent place to start a career and gain valuable experience. Benefits are excellent. A collaborative workplace is provided and meetings have been streamlined to allow for more productive work.

    Cons

    There is little room to advance. Those that have built the business are retaining all intellectual property and profits. You will earn experience here but there is no chance to advance. Collaboration may lead to your work/ideas being attributed to others. Your failures are your own, your successes may be not be.

    Advice to Management

    Broaden your horizons. Initiate apprenticeships. Allow employees to advance to positions with more responsibility and pay. Delegate, share responsibilities, play fair. Train industry leaders and allow employees the chance to share in the wealth.


  6. Helpful (3)

    "Tremendous Opportunity"

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

    Pros

    Great Work/Life Balance
    Strong Communication within Working Departments
    Good Work Environment
    Generous Managers & Colleagues
    Tremendous Teamwork

    Cons

    Nothing much to note as a Con at Interactive Brokers. They encourage growth and advancement. It is a refreshing break from the normal.

    Advice to Management

    Further, there is nothing I'd recommend except for continuing to inhibit the same values & continuing to work towards improving the already strong work environment.


  7. Helpful (10)

    "work hard, get paid, go home"

    Star Star Star Star Star
    • 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
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time (More than 5 years)

    Pros

    Great place to learn and grow for smart, motivated, self-driven individuals. No bureaucracy, unnecessary meetings or ridiculous 360 year-end review process. Growth and compensation is based on merit. Responsibility and ownership is given quickly to people that want it and have proven they can handle it. Flat reporting structure. Vacation and sick day policy improved recently. Most (if not all) managers have grown into their position organically. In short, working hard and smart is recognized and rewarded.

    Cons

    Whether the below points are pros or cons is subjective :

    - no mobility across teams
    - not a place for individuals that require hand-holding
    - no classes or formal off-site learning events
    - few social events

    Advice to Management

    sharing company news and achievements in a monthly email would motivate employees


  8. Helpful (4)

    "Online test"

    Star Star Star Star Star
    • 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

    Pros

    Went through online test. Core Java Questions & 2 Math problems.

    Cons

    Study COre Java questions , Objected oriented, Constructrs etc


  9. Helpful (3)

    "Financial Compliance Officer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Compliance Officer in Greenwich, CT
    Current Employee - Financial Compliance Officer in Greenwich, CT
    Doesn't Recommend
    Neutral Outlook

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

    Pros

    Interactive Brokers LLC has great health benefits, salaries, and stock compensation packages. For Non- Managers one can accrue up to 22 days off. The managers are all very smart and good workers. The managers will always share their opinion on matters.

    Cons

    The managers are all delusional of how they are supposed to treat their underlings. The managers are micro managers and will be overly involved in every aspect of the work day. If an email was not sent at a specific time or if a report was not formatted properly, nastiness would ensue. Almost all the work is deadline driven and my manager could not handle the stress of deadlines. He would become nasty and overly reactive to very petty matters. Many times he personaly became much more of a burden to work and it would outweigh even the stress of the job itself.

    Advice to Management

    Seek much better human resources in order to control the very top heavy/ over bearing managers in the company. Some of the managers need employee relations guidance and help.


  10. Helpful (2)

    "ok place to work"

    Star Star Star Star Star
    • 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

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

    Pros

    You get to work independently. You will be given a bunch of programming tasks -- a list and you have to crank it out, with minimal supervision.

    Cons

    Middle managers are useless. Never take responsibility for anything, do not want to be involved in anything. All they want is a weekly update email which they cut and paste and forward to senior management. Also completely insecure about their abilities.


  11. Helpful (11)

    "Get your work done, get paid, go home."

    Star Star Star Star Star
    • 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
    Neutral Outlook

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

    Pros

    Pros:

    * There is always work.
    * There are always opportunities to learn something new.
    * Management appears to be intelligent in their field as most of them used to do the dirty work before they got promoted.
    * Management seems to be approachable and open to input.
    * Medical (fully covered)
    * Decent bonuses
    * Simple management structure
    * No *forced* upward mobility
    * Lateral (exponential) growth opportunities

    If you're looking for a corporate environment where you'll spend time interacting and socialising, go to training, meetings, spend weekend at developmental camps holding hands singing kumbaya, this place is not for you.

    If you have a set of skills to that you are proud of and can work hard and dedicated to deliver, your work will be recognized.

    P.S. To people complaining about free lunch, you can always bring your own and take your restaurant lunch home, give it to your neighbour, or hungry guy around the corner.

    Cons

    * Lack of sick days - people show up to work sick
    * Work from home option almost non-existent (this has to do mostly with security concerns and the nature of business).

    Advice to Management

    * Allow work from home, at least 1-2 days a month
    * Encourage / reward innovation



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