Interactive Brokers "career development" Reviews | Glassdoor

Interactive Brokers Employee Reviews about "career development"

Updated Oct 2, 2019

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Found 171 reviews

3.3
StarStarStarStarStar
Rating TrendsRating Trends
57%
Recommend to a Friend
70%
Approve of CEO
Interactive Brokers CEO Thomas Peterffy
Thomas Peterffy
101 Ratings
Pros
  • "free lunch is provided by the firm(in 50 reviews)

  • "Working with the latest software technologies, free lunch, great benefits, flexible hours, nice working environment(in 10 reviews)

Cons
  • "Limited vacation time with no work/life balance, new-hires would receive 10 days vacation, 6 days sick time, and 3 days bereavement(in 6 reviews)

  • "low-paid, no career development perspective(in 5 reviews)

More Pros and Cons

Reviews about "career development"

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  1. Helpful (4)

    "Client service representative - chicago"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Client Service Representative in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Interactive Brokers full-time for more than 10 years

    Pros

    - job security - no over time working - insurance is good, company paid all premium

    Cons

    - no career development, majority staff worked 10 plus year with the same title / pay. - no lunch break - over working load. Client base increased 4-5 times and no head count gained.

    Interactive Brokers2018-12-07
  2. Helpful (4)

    "This company should qualify as #1 worst place to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Treasury Analyst 
    Doesn't Recommend
    Disapproves of CEO

    I worked at Interactive Brokers

    Pros

    The only one that I can account of is the free lunch you are entitled to. But guess what, you are supposed to eat it at your desk ( which is the whole point of it being free) and if you dare to leave you will be attacked by disapproval looks

    Cons

    -disrespectful management - you will get yelled at for things such as the way you arrange your own desk, the shrift you use etc. You will be constantly treated as being incompetent and worthless. -on your own - This dept is a bunch of people that happen to work together ( very far from team). You are not supposed to ask questions. if you dont get something it's your own fault, don't expect to recieve support. On... the contrary, asking for one will put you faster on the unemployment bentch than you think ( happened to a colleague) -Zero employee morale - basically 90% of the treasury team leaves within a year ( true statistics). Main reason - management that creates a sick environment, comparable to a concentration camp. To sum up, do yourself a favor and don't even bother apply. You will not only lose your time but hurt your career and health. Don't do it! There are so many better companies out there ( happen to work for one now) that will put a lot more value on you and your career development.

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    Advice to Management

    First day on the job I was told " If you think this is a place where you can chat around with colleagues, you are not int he right place" Turned out to be the total true. I have no other comments.

    Interactive Brokers2012-05-03
  3. Helpful (3)

    "Low-paid, good food"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 

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

    Pros

    safe job, good food

    Cons

    low-paid, no career development perspective

    Interactive Brokers2018-12-02
  4. Helpful (2)

    "Bad managers, lack of perspectives and obsolete technology despite good things to learn"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Developer 
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Interactive Brokers full-time for less than a year

    Pros

    * Some managers and colleagues are helpful if you approach them with respect. * Some teams tackle interesting problems with state-of-the-art tools (depending on the manager) * You end up delivering production sotware quickly (and in frequent cycles). * IT teams often drive the business process, or have a strong influence. * You can learn some interesting stuff about the business itself too. * Fairly stable... company with solid financial background.

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    Cons

    The previous reviews said it all. Avoid this company if you think of yourself as a real Software Engineer --you'll be a coder guy, mostly following orders. I often felt somewhat depressed, and it didn't get better. What I'd like to highlight: * Managers have huge egos and can get tyrannical. They may give you direct orders, or disregard you. * New joiners can expect that some managers and colleagues might... NEVER collaborate. * A complete lack of perspective (career development) and insights. You are TOLD what to do, and that's it. * Often obsolete technology platforms, which cause continuous headaches. Zero initiative to re-engineer stuff. * Your ideas and opinions are often overlooked. These huge egos are sure they know it better anyway. * Very few trainings to keep your knowledge up-to-date. * Work gets dull and boring after a few months, due to the reasons above. Once you've reached the plateau, there's not much to learn and grow as a developer... unless you want to deep-dive into the business.

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    Advice to Management

    * A more open-minded approach would be necessary to attract and retain skilled people. Simply throwing some money at them won't help on the long run. * More effort (yes, your precious time and money!) to rethink and rebuild outdated legacy systems. * Collaboration over the rigid 1950s management sytle.

    Interactive Brokers2015-01-16
  5. Helpful (2)

    "stable company hedged against turbulent downside but chronically running out of new ideas"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Disapproves of CEO

    I have been working at Interactive Brokers

    Pros

    financially hedged against market turbulence because the nature of market making and brokerage business. Almost no politics. Everyone works hard. Manager is fair and straight in compensation.

    Cons

    Innovations from ground level employees are not encouraged. The only people that are eligible to do "thinking" are the few biggest shots at top management level. No communications, no incentive for cooperations. Lots of redundant and subpar work. Fetish with cost reduction and execution efficiency: penny-wise and dollar-foolish. Zero attention to employee's career development. No job title, no visibility in the... profession circle. They want you to forever work there, which means slow death if the word 'ambition' still sounds good to you.

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    Advice to Management

    Take a breath, put away petty meaningless product 'features', do some visionary thinking. Otherwise IB will be forever stuck with a 'low-cost' brainless muscle executor image. Well, not really 'forever', because labors in US is still lofty and competitors from around globe will catch up, just look at what happened to Timberhill's steady decline.

    Interactive Brokers2011-08-28
Found 171 reviews