Interactive Brokers Reviews | Glassdoor

Interactive Brokers Reviews

Updated July 19, 2017
114 reviews

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Pros
  • Free lunch from area restaurants is a nice perk (in 33 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)

  • Under appreciated by upper management (in 5 reviews)

More Pros and Cons

  1. Helpful (13)

    "Horrible! Real devils in here!"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    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.


  2. Helpful (15)

    "Hostile Work Environment"

    StarStarStarStarStar
    • 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
    Doesn't Recommend
    No opinion of CEO

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

    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.

  3. Helpful (2)

    "New Account Specialist"

    StarStarStarStarStar
    • 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.


  4. Helpful (5)

    "Fair is definitely not a good word to describe IB"

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    Good comp .... that's about it

    They pay for $12.15 of your lunch too... Not a great pro though since you HAVE to go over at almost every restaurant to afford lunch, still a discounted lunch is better then one you fully have to pay for.

    Cons

    The vacation days are limited.

    401k is on a 6 year vesting scale (starting at year 2)

    Stock bonus are "awarded" in January. But because nothing is in writing until May. If you leave before the stock award certificate comes (last week of May) they completely take back that stock bonus. In the words of the all powerful CFO "they simply will not be in a position to 'earn' what is not vested"

    Raises between years are pretty insignificant. But they start you above average so you have a few years before you are really at your estimated value (by then the unvested stock is too large to want to leave though, that's the golden handcuffs)

    The projects vary based on teams but most people seem unhappy

    Their bereavement period is 3 days. So when mom or dad dies you have 3 days of grieving before you're expected back at work or taking your own personal days.

    Last snow storm a company wide email went out stating that if you did not come in you had to take a personal day. After which the roads were legally closed and if you were caught driving it was a ~$95 ticket. A second email with new rules, details, or corrections was not pushed out . Most people were still forced to take the personal day if they did not come in.

    Advice to Management

    Everyone is complaining that you should increase the seamless coverage for food. Maybe you should actually listen to the employees for once.

    Employees shouldnt have to choose between taking a vacation day and risking their lives driving in a snow strom. (that doesn't mean you should insist they take the day and stay home. It means they should be given a free day like most sane companies would do)

    Your employee should be treated like more then a rag doll that can be thrown around. Doing an event here and there or paying an above average comp does not excuse you from treating employees with some level of respect.


  5. Helpful (7)

    "Management asked us to write strictly positive reviews."

    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
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    The pay is great for developers. A recent college grad can easily make 120k+ as a developer.

    This place is horrible in every other regard. DO NOT DO IT.

    Cons

    You have to ask yourself what kind of place is this if they have to ask their employees to write positive reviews. I was specifically told to write a "positive" review and intentionally leave out certain topics I find displeasing.

    In my opinion all this will do is have people accept the job then quit a few months in. This place is a horrible place to work if you're not an extremely introverted individual.

    Advice to Management

    Don't pull slimy moves like this one. You should fix your issues so people have good things to write about not beg current employees to lie.


  6. Helpful (4)

    "If you want to feel like chattel, this is the place!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Talented development staff. Everyone in the same "situation".

    Cons

    This entire organization is run by the delusions of one person... the people in customer service are good, but the systems that dictate the methodology is awful and unbending.

    The company seems more like a psychological experiment than a business.

    Advice to Management

    haha...useless. It's Thomas Peterffy.... Take some value in the people who made you rich.


  7. Helpful (1)

    "Dangerous place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Zug (Switzerland)
    Current Employee - Anonymous Employee in Zug (Switzerland)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Free lunch during lunch break, meaning you have to work and the company pays for lunch for you which is then delivered to the office

    Cons

    horrific work culture
    no respect for employees and their contributions
    no adequate pay, ideas and improvements which make money for the company are not shared with the employee
    company hires private detectives to spy on private life of employees
    company enjoys paying lawyers instead of their employees
    they do not stick to any promises or contracts, you have to go to court to get what you are legally and contractually entitled to

    Advice to Management

    n.a. : as they think they do not need advice,
    Thomas Peterffy should think about and respect his employees who made him rich

  8. "don't work here if you want to be a real developer"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Developer
    Current Employee - Developer
    Doesn't Recommend
    Disapproves of CEO

    Pros

    pay is not bad. working hours is OK. good location.

    Cons

    1, You don't feel like a developer working there, just a typist. Micro management detailed to the level that you don't have to have a brain working there, two hands are enough.

    2, Cryptic culture. Developers are often given projects without knowing what's is really for.

    3, The culture is formed in such a way that people do not talk to each other, they sit at their desk eating their lunch quietly ... day after day.

    Advice to Management

    In addition to money, try to be nice to you employees, do not just pretend to.


  9. Helpful (3)

    "Its a miracle there hasnt been an office shooting there yet"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Disapproves of CEO

    Pros

    They pay for your lunch
    Fully stocked pantry
    I heard they finally upgraded the accounting systems.
    The "party favors" at the annual meting/holiday party
    The Chicago people seemed nice
    The money flowed like water (at least it did in 1999-2000)

    Cons

    No life work balance
    Asinine procedures
    TP has to have his hands in every aspect of the business but cannot be bothered if you need his signature or approval for anything
    Office bullying is rampant at all levels

    Advice to Management

    There are more activist investors out there that know what kind of outfit you run and avoid IB like the plague beacuse of it.
    Actually, keep doing what youre doing. Ive made a s---load shorting IB since you went publc.


  10. "Disappointing"

    StarStarStarStarStar
    • 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

    Free lunch, open to other races

    Cons

    Only Swiss has a Promotion Chance


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