Interactive Brokers Reviews | Glassdoor

Interactive Brokers Reviews

Updated June 24, 2017
108 reviews

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Pros
  • Free lunch from area restaurants is a nice perk (in 31 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. "Good place for decent work."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Mumbai (India)
    Current Employee - Software Engineer in Mumbai (India)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    - No politics
    - Flat hierarchy
    - Get to know about financial business
    - Ideal for people who want to get settle and have a less hectic job.

    Cons

    - Not much HR activity.

    Advice to Management

    - No advice to management. I think they are great.


  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. Helpful (2)

    "Next to no career advancement opportunity."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Junior Compliance Analyst in Chicago, IL
    Former Employee - Junior Compliance Analyst in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Healthcare is probably the best thing. There's really not much stress and most managers just want you to basically show up for your shift.

    Cons

    The employees are mostly trapped with little to no chance for growth or advancement. Managers are simply given the title. They have not been trained to manage. Managers have no ability to fire underperforming people. In general managers are afraid to rock the boat in order to make the company better or modify existing policies of procedures.

    Advice to Management

    There are a lot of very good customer service employees in all departments like compliance and funds and banking and retail who feel like management has no idea how hard they work at their jobs. There are also a number of employees who really don't care anymore and should probably be replaced. But nothing ever changes.


  4. "stable, but not a dream workplace"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Budapest (Hungary)
    Current Employee - Anonymous Employee in Budapest (Hungary)
    No opinion of CEO

    I have been working at Interactive Brokers full-time

    Pros

    There's a stable background, no need to worry about losing your job or company running out of its funds.
    Depending on which group you join, the business may be interesting.
    The money is reasonably good. It is above average, though it has to be, since company is looking for above average professionals.
    Overtime is optional.
    If you don't have big professional goals, then it is a good 'retirement' job.

    Cons

    Working in the Hungarian office is a carreer dead end. Your professional knowledge will get deprecated as company slowly follows new technologies and does not support education. Meanwhile you don't really have a chance to step forward and get much more responsibility under your hands.
    Home office is not supported.

    Advice to Management

    Micromanaging limits the company to whatever the leader can handle. Meanwhile with delegating responsibilities and using smart communication a company can get much further and work more effectively.


  5. "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


  6. "Ausnützung der Arbeitskräfte"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Zug (Switzerland)
    Current Employee - Customer Service Representative in Zug (Switzerland)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Früchte und Süssigkeiten
    Kostenlose Getränke
    Vergünstigte Nespressokapseln
    Kostenloses Mittagessen
    Gutes Team
    Zentral gelegen in Zug
    Familiäre Atmosphäre
    Gutes Arbeitsklima (im Team)

    Cons

    45-Stunden Woche
    4 Wochen Ferien
    Schlechte Sozialleistungen
    Schlechte Komunikation in der Firma
    Keine Wertschätzung vom Vorgesetzten
    Ausnützung der Arbeitnehmer
    Manager sind keine Vorbildsfunktionen
    Manager vertrauen Ihren Mitarbeitern nicht

    Advice to Management

    Verbessert die Kontras


  7. "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.

  8. "Conservative, but Stable and Generous"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Software Engineer in Budapest (Hungary)
    Current Employee - Software Engineer in Budapest (Hungary)
    Recommends
    Positive Outlook

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

    Pros

    - technically focused
    - atmosphere - surrounded by smartest people, office perks (free coffee, soda, lunch)
    - compensation - including fat bonuses
    - valuable benefits
    - slowly, but steadily improving dev environment
    - central location
    - little to no overtime
    - "no nonsense" philosophy & no politics / red-tape
    - hard work is recognized and rewarded

    Cons

    - regular home office not allowed
    - while colleagues are helpful, lack of thorough documentation / training material
    - professional improvement left to the employee (ie no trainings, etc)
    - little to no usage of third-party products
    - managers tend to lack management skills (see "no trainings" above)
    - interview process takes long
    - sometimes you must be loud to get heard
    - project planning seems hectic

    Advice to Management

    Better communication to employees & quicker reaction to their needs; listen more carefully to their suggestions.


  9. Helpful (1)

    "Make a living, regret every day"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    Current Employee - Anonymous Employee in Budapest (Hungary)
    Current Employee - Anonymous Employee in Budapest (Hungary)

    Pros

    Money (financial sector)
    Stability (the company is stable, your position is stable if you're lucky enough to get a sane supervisor)
    Free lunch (not actually free, it costs you a mandatory extra half hour in the office)

    Cons

    You're a Human Resource
    No positive stimuli
    Using ancient technology literally from the 1970's, no up-to-date professional improvement
    I never enjoyed working here, regret every day, money keeps me here


  10. "Mixed feelings"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Budapest (Hungary)
    Former Employee - Software Engineer in Budapest (Hungary)
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    - job in the financial industry but not that strict dress-code
    - some independence in daily work
    - some of the projects are interesting and challenging
    - good office location
    - fair compensation
    - very little overtime
    - free lunch, drinks and fruits

    Cons

    - rest of the projects are just manual work with minimal coding and lots of administration, testing and e-mailing
    - the office is a little rundown and dirty
    - sometimes work outside working hours even weekends (not often though)
    - the extra benefits are fix, you cannot choose what fits you the most
    - decisions of local management are extreamly mood based
    - very little career opportunities
    - remote work is not possible

    Advice to Management

    Some of the cons I have listed requires very little effort to address. Try to do it.


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