Interactive Brokers "free lunch" Reviews | Glassdoor

Interactive Brokers Employee Reviews about "free lunch"

Updated Oct 2, 2019

To filter reviews, or .

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 "free lunch"

Return to all Reviews
  1. Helpful (21)

    "Great place to work for some breed of people"

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

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

    Pros

    - Opportunities to learn and to grow - Opportunities to use your brain and see the result. There are moments of a great intellectual satisfaction, which are important for me - No red tape. I hate meetings and there are almost none - Superb compensation - 100% free health insurance IB is for you if you like to work and to get well paid for it and do not need anything else. I well understand negative reviews... but there are many other opportunities around. Find what is working for you. I found IB. I was stunned to see how many people are mentioning free lunch as a pro. Seriously? Is this important for you?

    Show More

    Cons

    It is a soulless place for introverts. IB is a money making machine and we are part of this mechanism. It works well for me but it is definitely not for everybody.

    Advice to Management

    Keep up! Let's put our stock price to the sky.

    Interactive Brokers2018-07-26
  2. "Great benefits and relaxed environment"

    StarStarStarStarStar
    Former Employee - Associate 

    I worked at Interactive Brokers full-time

    Pros

    Benefits and free lunch. Management actually listens to ideas for process improvement

    Cons

    Can be some demanding times with long hours.

    Interactive Brokers2019-08-26
  3. Helpful (4)

    "Soul crushing sweat shop"

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

    I worked at Interactive Brokers full-time for more than 10 years

    Pros

    Free lunch. Decent, public reputation/brand

    Cons

    -low pay compared to the industry -zero opportunity for talent development and growth -minimum vacation time -breeding ground for complacency -bonus structure linked to compounded length of service (creates unhappy and underperforming “lifetime” employees) -toxic culture

    Interactive Brokers2019-05-23
  4. Helpful (2)

    "IBKR"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Risk Manager in New York, NY
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    free lunch is provided by the firm

    Cons

    lack of an in-depth training program

    Interactive Brokers2019-04-02
  5. Helpful (1)

    "Customer Service rep"

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

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

    Pros

    100% fully paid health insurance Free lunch Nice and Smart people working around you No unnecessary meetings Job security

    Cons

    Cheap broker attracts cheap customers, stressful calls that will destroy your soul

    Interactive Brokers2019-04-04
  6. Helpful (1)

    "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Interactive Brokers full-time for more than 3 years

    Pros

    Job security, free lunch, nice people

    Cons

    Old technology, a lot of bugs

    Interactive Brokers2018-08-01
  7. 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.

    Show More

    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.

    Show More

    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.

    Show More
    Interactive Brokers2018-04-28
  8. 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
  9. 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
  10. 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
Found 171 reviews