Interactive Brokers

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Interactive Brokers Reviews

Updated 9 August, 2014
Updated 9 August, 2014
42 Reviews

2.3
42 Reviews
Rating Trends

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

Employee Reviews

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  1.  

    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)

    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
  2. 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)

    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
  3.  

    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

    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
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  5. 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

    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
  6.  

    Demanding but rewarding

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

    Pros

    Very little red tape
    Lean department means lots of interesting work
    Chance to bring many projects to completion

    Cons

    Too little time off
    Unbalanced salaries

    Recommends
    Approves of CEO
  7. 2 people found this helpful  

    Its a miracle there hasnt been an office shooting there yet

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

    Pros

    They pay for your lunch
    Fully stocked pantry
    I heard they finally upgraded the accounting systems.
    The "party favors" at the annual meting/holiday party
    The Chicago people seemed nice
    The money flowed like water (at least it did in 1999-2000)

    Cons

    No life work balance
    Asinine procedures
    TP has to have his hands in every aspect of the business but cannot be bothered if you need his signature or approval for anything
    Office bullying is rampant at all levels

    Advice to ManagementAdvice

    There are more activist investors out there that know what kind of outfit you run and avoid IB like the plague beacuse of it.
    Actually, keep doing what youre doing. Ive made a s---load shorting IB since you went publc.

    Doesn't Recommend
    Disapproves of CEO
  8. 2 people found this helpful  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Treasury Analyst
    Former Employee - Treasury Analyst

    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.

    Advice to ManagementAdvice

    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.

    Doesn't Recommend
    Disapproves of CEO
  9.  

    great experiences with IB

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

    Pros

    relaxed atmosphere, helpful coworkers and good benefits. the staff is placed in an effective way, so everyone has to work hard

    Cons

    not sure about the location, the wait between interviews are so long. the initial test took about an hour to complete.

    Advice to ManagementAdvice

    hire people with better education background; make sure the interview process is more structured. otherwise, like the interview style and the general manner.

    Approves of CEO
  10.  

    Exciting but lack of proper supervision

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Trader  in  Dhaka (Bangladesh)
    Former Employee - Financial Trader in Dhaka (Bangladesh)

    Pros

    - Opportunity to trade in foreign financial market and learn about the market practically.
    - Opportunity to learn technical analysis by applying it in real situation.
    - Management gave ample opportunity to prepare for real trading by trading simulation

    Cons

    - Only two person in the firm have real trading experience.
    - Do not have a knowledgeable and experienced supervisor for new traders.
    - Failed to give a proper guideline to the new trader for example: what is expected to them after the end of a day or month.

    Advice to ManagementAdvice

    - Should appoint a supervisor who have real trading experience.
    - Should have more trading style in the firm to accommodate different people with different qualification. For example: A person who have proper training and motivation to trade by proper analysis should have the independence to trade coming out of the limitation of "day trading style"

  11. 2 people found this helpful  

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

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

    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.

    Advice to ManagementAdvice

    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.

    Disapproves of CEO

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