Interactive Brokers Reviews | Glassdoor

Interactive Brokers Reviews

Updated April 8, 2017
22 reviews

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4.0
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Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
11 Ratings

22 Employee Reviews

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Pros
  • Free lunch from area restaurants is a nice perk (in 28 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 4 reviews)

  • Under appreciated by upper management (in 5 reviews)

More Pros and Cons

  1. "Overall nice company"

    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
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Secure job (layoff very rare); relaxing working env; very nice coworkers; almost no politics; good location; good benefit; regular nine to five hours

    Cons

    Hard to gain promotion because of flat structure; pay increase slow; innovation not very encouraged; long incentive stock vesting period

    Advice to Management

    Put good new hired people in management to look at firm from fresh viewpoint


  2. Helpful (3)

    "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.


  3. Helpful (11)

    "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


  4. Helpful (12)

    "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


  5. "linux admin"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Linux Administrative in Sandy Hook, CT
    Former Employee - Linux Administrative in Sandy Hook, CT
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good small team. Team manager was rational and very patient with his team. Expect stress when working with other depts, but this should not be unexpected; its finance after all.

    Cons

    Pay could be higher. I moved on to enjoy what NY finance has to offer.

    Advice to Management

    Thanks for a fun ride!


  6. Helpful (4)

    "Customer service rep"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Chicago, IL
    Former Employee - Customer Service Representative in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    I worked at Interactive Brokers full-time (More than 5 years)

    Pros

    Good health care, free lunch, good job, year end bonus

    Cons

    No up to date material training, no potential to move up the latter, promotion thru favoritism; managers are bullies (lacking managerial 101 skills); toxic employees rude to customers won't get fired and because they're managers favs. HR personnel are untouchable (can't do no wrong)

    Advice to Management

    Promote from within base on skills & potentials not likability. Stop throwing customer rep under the bus by announcing last minute system updates & policy. You can't increase great customer reputation when manager perpetuate rudeness!


  7. "Excellent and progressive IT Centered Company"

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

    Pros

    System Development and process improvement .
    Inclusive culture
    Competitive compensation
    Free lunches

    Cons

    Upward mobility is somewhat limited because most people don't leave their jobs.


  8. Helpful (6)

    "linux admin"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Linux Administrative in Greenwich, CT
    Former Employee - Linux Administrative in Greenwich, CT
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    not afraid of new tech. Very clever co-workers

    Cons

    could have shared more profit

    Advice to Management

    fix the inter-department rivalries as they hinder and are useless.


  9. "the best brokers i ever worked with"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Market Trader in New York, NY
    Current Employee - Market Trader in New York, NY
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Very good working environment and career opportunity

    Cons

    too many strick rules this company should be more flexible


  10. "Demanding but rewarding"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Greenwich, CT
    Current Employee - Anonymous Employee in Greenwich, CT
    Recommends
    Approves of CEO

    Pros

    Very little red tape
    Lean department means lots of interesting work
    Chance to bring many projects to completion

    Cons

    Too little time off
    Unbalanced salaries


Showing 22 of 108 reviews
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