Interactive Brokers Reviews | Glassdoor

Interactive Brokers Reviews

Updated Oct 2, 2019

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3.3
StarStarStarStarStar
Rating TrendsRating Trends
57%
Recommend to a Friend
70%
Approve of CEO
Interactive Brokers CEO Thomas Peterffy
Thomas Peterffy
101 Ratings
  1. Helpful (13)

    "Low Quality"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Software Developer in Greenwich, CT
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Interactive Brokers full-time for more than 5 years

    Pros

    - Free lunch. Although there is no "lunch hour" and you usually end up shoveling your lunch in as fast as you can, it's still nice not paying for it. - Flat org structure. Very easy to make yourself and your achievements known to senior staff. - Great compensation for programmers. - Opportunity to take on responsibility quickly. Despite the cons listed below, this is probably the only reason my rating is a... 3. IB does not have a normal career advancement system in terms of titles (your 'role' will probably remain the same throughout your employment here). But it does afford an opportunity to take on responsibilities and large scale projects which would probably take a lot longer to work your way up to at other companies.

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    Cons

    Everything about this company is driven by senior management's unrealistic expectations of how fast products can be delivered. There is no business sense whatsoever about the mindset of the company's employees. Day-to-day goals usually revolve around trying to complete as many tasks as possible, as fast as possible, with an insouciant mindset as to what the effects of these tasks actually are. If one group is... perceived as "too slow" then mercenaries from other groups will be thrown into projects they know nothing about in order to "speed things up." The project workflow at this company generally works like this: 1) Group 1 operates in complete isolation to work up a specification for something they want from another group. 2) Once Group 1 finishes their spec, they surprise Group 2 with it. 3) Group 2 is immediately demanded to provide an ETA, and is given very little (or none) opportunity to review, reject, or push back on the spec, despite Group 1 probably having no knowledge of how Group 2's systems work. As far as Group 1 is concerned, their "task" is done and now Group 2 is being an annoying bottleneck. Obviously, many large projects end up being fraught with confusion, last-second decisions and broken results.

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    Advice to Management

    Slow down. The attitude of "everyone can do everything" where there are no team boundaries or rules of ownership is not efficient or productive. It ends up producing a low quality product where every 10% of the code was written differently and nothing functions together cleanly. Just because one team writes a specification for something they want, it does not mean the specification phase is done. All stakeholders... should be involved in specs, not just the group that wants something. Pushing out something fast is not an accomplishment if it's broken.

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    Interactive Brokers2018-04-28
  2. Helpful (1)

    "Good Company to work for"

    StarStarStarStarStar
    Former Employee - Anonymous Employee 

    I worked at Interactive Brokers full-time

    Pros

    Free lunch and nice people.

    Cons

    None, nada, nothing, zilch, zero.

    Interactive Brokers2018-04-24
  3. Helpful (1)

    "Analyst"

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

    I have been working at Interactive Brokers full-time

    Pros

    Great salary and benefits and work/life balance

    Cons

    None that I am aware of

    Interactive Brokers2018-04-09
  4. Helpful (2)

    "A lot of potential"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I have been working at Interactive Brokers full-time

    Pros

    Company paid lunch every day job security

    Cons

    no movement within company no professional development

    Interactive Brokers2018-03-23
  5. Helpful (2)

    "Smart Managers, Intense"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Senior Software Engineer in Greenwich, CT
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Interactive Brokers full-time for more than 8 years

    Pros

    Senior people are all very smart.

    Cons

    Intense, and at times combative work environment.

    Advice to Management

    No advice.

    Interactive Brokers2018-01-22
  6. Helpful (5)

    "Professional Services"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Interactive Brokers full-time

    Pros

    Free coffee, lunches and drinks.

    Cons

    Waste of time for experienced individuals with very low pay and bonus.

    Advice to Management

    Stop micromanaging and mistreating employees.

    Interactive Brokers2018-02-28
  7. Helpful (1)

    "Good Companu"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Customer Service Representative in Chicago, IL
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Interactive Brokers full-time for less than a year

    Pros

    Good pay, benefits, work life balance

    Cons

    Poor organization, Lack of coordination, Saltiness

    Interactive Brokers2018-01-14
  8. Helpful (2)

    "Internal Auditor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Internal Auditor in Greenwich, CT
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Interactive Brokers for more than 3 years

    Pros

    Free lunch, flexible PTO, nice bonus, free healthcare

    Cons

    Hard to move up if you don’t start in a management roll

    Advice to Management

    Provide more opportunities for growth to young employees.

    Interactive Brokers2018-01-01
  9. Helpful (8)

    "Software engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Engineer in Greenwich, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Interactive Brokers full-time for more than 5 years

    Pros

    Fixed hours. No need to work on weekends. Free lunch at desk.

    Cons

    Pathetic place to work. There is no scope for growth. Most of people here are either divorced or enjoying their Christmas all alone.

    Advice to Management

    Close this miserable blood sucking company.

    Interactive Brokers2017-12-30
  10. Helpful (4)

    "Work hard and get real responsibility"

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

    I have been working at Interactive Brokers full-time for less than a year

    Pros

    Get to see your actions shape the business. Lots of smart talented people to learn from.

    Cons

    Complex business and systems take some time to learn.

    Interactive Brokers2017-09-07
Found 171 reviews