Interactive Brokers

  www.interactivebrokers.com
  www.interactivebrokers.com

Interactive Brokers Reviews

Updated 14 December, 2014
Updated 14 December, 2014
48 Reviews
2.9
48 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Interactive Brokers Chairman, President, and CEO Thomas Peterffy
Thomas Peterffy
35 Ratings

Employee Reviews

Sort: Popular Rating Date
  1. 4 people found this helpful  

    terrible place

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Greenwich, CT (US)
    Former Employee - Anonymous Employee in Greenwich, CT (US)

    I worked at Interactive Brokers full-time (more than an year)

    Pros

    good comp & job security. great bonuses. decent benefits. some really smart developers. the annual company party is a nice touch. free lunch.

    Cons

    The work/life balance is non-existent. The first time I tried going out for lunch, I was reprimanded by my manager and told that lunch is to be eaten at my desk, while working. Bullying is alive and well, with senior management routinely screaming at, cursing, and berating employees. The atmosphere is that of a sweatshop. No salary is worth the treatment you'll receive here.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 5 people found this helpful  

    Looking forward to leaving.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Engineer in Greenwich, CT (US)
    Current Employee - Software Engineer in Greenwich, CT (US)

    I have been working at Interactive Brokers full-time

    Pros

    If you are good, have no ambition, and are willing to put up with the company 'idiosyncrasies' for the long-term, you will be very well compensated.

    Some other reviewers' comments that I can echo:

    - A few people are very smart and are a pleasure to work with* and learn from
    - Business is run ethically
    - No red tape

    * 'Work with' means ask questions and get answers, not collaborate
    Learn C++, see below

    Cons

    Good reviews on Glassdoor are mostly not from programmers.

    No effort is made to educate employees about markets or the business beyond what is required for your immediate project. "Do your assigned project and don't rock the boat" is the motto.

    There is essentially no collaboration. You are told what to do and you do it.

    Benfits are abysmal.
    - 6.5 year (!!!) vesting schedule for stock bonuses and 401k matches (50% of 10% of contribution), you only get 10% up front (in May) plus 15% per year over 6 years
    - Two (!!!) weeks of vacation for the first five years, after that, three.
    - Health insurance is a low-end Cigna plan. Here's an example of how cheap it is; you can only get an eye exam once every two years. I have a feeling anyone who puts the insurance in the 'pro' column has never actually used it.

    Perks are half-hearted and penny-pinching.
    - See comments about benefits above
    - You get $12 from seamless.com to order lunch from crappy restaurants.
    - "Stocked Fridge": the fridge is stocked with soda. Want a snack? Pretzel sticks.
    - You wouldn't know it's a multi-billion dollar business from the spartan, depressing offices.

    If they offered a company car, it would be an engine-less Yugo pulled by a donkey, but hey, it will get you there!

    Advice to ManagementAdvice

    There are ways other than tight golden handcuffs to inspire employee loyalty. Show some concern for making our lives happier and easier.

    Doesn't Recommend
    Disapproves of CEO
  3.  

    good co. to work for

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Interactive Brokers

    Pros

    great place and good people

    Cons

    none the co. is a great plce

  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. 10 people found this helpful  

    Everyone against everyone. Highly political. No life

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Software Engineer in Greenwich, CT (US)
    Former Employee - Software Engineer in Greenwich, CT (US)

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

    Pros

    Free lunch and free health insurance (you will regret it later)

    Cons

    The governing style is absolute tyranny.

    Crazy night/weekend hours, frequent wake-up calls. Your pay will likely not reflect that. Developers are production management team by themselves.

    Everyone is anti-social. You will never discuss your weekend or kids/family with any of your co-workers. Even an elevator conversation arriving at / departing from work (I am officially off at that time, right?) is all about what projects you or I are working on.

    Did I just say "kids"? Forget you have kids (or are ever going to have them), and never mention it, or else... (see below)

    When looking for candidates, top managers always ask their junior managers (who bring candidates to them), if a candidate has any kids. This is outright illegal to ask a candidate of, so I am not sure how they get this information. A typical answer is "well, he/she does, but the youngest one is almost 15 and will soon head out for college." (what?)

    The process of assigning blame (or getting your things ready in case stuff happens) is very important, and takes about 30% of your work time. Any minor system malfunction looks like a public execution of whoever was found "guilty", and everyone is made aware of that.

    Managers afraid to make any design decisions, and the most specific request I have ever heard was "build us a system that will work for us". In the end if it doesn't "work as our users were envisioning it in their head" it is all your fault.

    You will have to pretend your boss (and his/her boss and so on) is the smartest guy on Earth, and you 100% agree with what they say on every account. You cannot possibly have an opinion, and you should feel lucky at any time of day (or night; you do work nights) that you are here.

    Unprofessionalism, Disrespect, and Hate are the top human qualities here. You will spend most time fighting your peers. Everyone thinks highly of themselves, and hates everyone who is new to the company.

    People come and go. Some positions are advertised on-going for years because people don't stay for long.

    Many people who currently work here will be lying about how "great" this place is. They think If they tell you the truth, people will avoid them just because of the strange things they are talking about all the time. This is a typical victim mentality, so I don't blame them for lying. When I spoke to a recruiter, I was surprised with how many people are looking to escape from this place.

    There are many more things that you should know before you start here, but I want to get back to my Saturday morning, and move on with my life, as reviving these images in my head from a few years ago takes quite a bit of energy and grief. I hope I have given people enough warning to make them stop and think before you make a decision that will affect your life for the next few years.

    P.S. I have learned a lot. People who work with me right now (at another company) admire my survival skills, and they say I will survive anywhere. Yes, this is a good skill to have, but I wish it hasn't come at such a price.

    I work at another firm in Finance now, and I am happy with my life, work, and my colleagues. Interactive Brokers is the biggest nightmare of my life.

    Advice to ManagementAdvice

    Invest in your people (no one would listen, but I had to put some text in this box for completeness)

    Doesn't Recommend
    Disapproves of CEO
  6.  

    solid job opportunity

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Interactive Brokers

    Pros

    decent salary and bonus. good perks (free lunch). solid benefits (health, dental, vision, 401K0. opportunity to learn.

    Cons

    there is minimal training. groups are understaffed, so there is a high work load for each employee and tends to lead to friction between employees.

    Advice to ManagementAdvice

    continue to hire new employees to grow staff as many groups are understaffed

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Excellent company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Mumbai (India)
    Former Employee - Anonymous Employee in Mumbai (India)

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

    Pros

    Good salary and perks. Very competitive environment.

    Cons

    Due to the small size of employee base, not much of human resource management initiatives

    Advice to ManagementAdvice

    Pay more attention to HR issues

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    the best brokers i ever worked with

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Market Trader in New York, NY (US)
    Current Employee - Market Trader in New York, NY (US)

    I have been working at Interactive Brokers part-time (more than an year)

    Pros

    Very good working environment and career opportunity

    Cons

    too many strick rules this company should be more flexible

    Recommends
    Positive Outlook
    No opinion of CEO
  9. 6 people found this helpful  

    Mixed feelings

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Programmer in Greenwich, CT (US)
    Former Employee - Programmer in Greenwich, CT (US)

    I worked at Interactive Brokers full-time (more than an year)

    Pros

    - SOME employees are very smart, very good at what they do.
    - Agree with other commenter that business is run in an ethical manner. ie. doing the right thing even if no one is looking.
    - Still on the cutting edge in some areas.
    - Minimal bureaucracy.

    Cons

    - Current incentive structure (no incentivization of employees) guarantees that the smartest and most motivated will leave. This is why HFTs ate their lunch.
    - Low pay relative to industry.
    - No growth opportunities.
    - Company is kept alive by H-1B slave labor.
    - Some groups are wildly incompetent (eg. HR, Marketing) due to perceived irrelevance by mgmt and these should be fired en masse.
    - Very anti-social office culture.

    Advice to ManagementAdvice

    Get a life? TP runs this as a hobby, and I can't imagine a more boring hobby. If you're not HUNGRY, or know how to hire/retain people that are, your failure is guaranteed.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  10.  

    you get out of it what you put into it

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

    I have been working at Interactive Brokers full-time (more than 8 years)

    Pros

    there is opportunity for growth and career development. if you are willing to work, and become a versatile asset, you may be rewarded

    Cons

    could use more vacation days

    Recommends
    Positive Outlook
    Approves of CEO
  11. 1 person found this helpful  

    do not stay long

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Interactive Brokers full-time

    Pros

    salary is very good
    free lunch
    nice people around
    after 2 years, work is easy and not log working hours

    Cons

    No career growth at al. new comers are given minimal information to barely finish projects with a lot of struggle, You can learn more about the business/technology from outside than from your group members.
    You will be pigeonholed to to the same thing for ever
    Communication is awkward and frustrating
    Management is so obsessed with cost cutting, there is not enough head count, so evey one is drowned in maintainance work.
    Eastern European employee get better treatment than others

    Advice to ManagementAdvice

    speechless

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

Interactive Brokers Photos

Interactive Brokers India Office

+ Add Photo

Work at Interactive Brokers? Share Your Experiences

Interactive Brokers

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.