<div class="wrap-select-arrow">
  <select class="form-control active" name="industry">      
    <option value="0" selected="selected">Option 1</option>    
    <option value="1">Option 2</option>
  </select>    
  <div class="select-arrow">
    <div class="arrow-up"></div>
    <div class="arrow-down"></div>
  </div>
</div>

/* Style for select */
select {
  width: 100%;
  height: 40px;
  padding: 6px 45px 6px 15px;
  appearance: none;
  -moz-appearance: none;
  -webkit-appearance: none;
  background: url("../images/select-bg.jpg") no-repeat scroll 0 0 transparent;
  text-indent: 0.01px;
  text-overflow: "";
}

/* Hidden select default on ie */
select::-ms-expand{
  display: none;
}

/* Style for wrap select arrow */
.wrap-select-arrow {
    position: relative;
}

/* Style for arrow */
.select-arrow {
  position: absolute;
  top: 0;
  right: 0;
  padding: 8px 15px;
  pointer-events: none;
}

/* Arrow down */
.arrow-down {
    width: 0;
    height: 0;
    border-left: 5px solid transparent;
    border-right: 5px solid transparent;
    border-top: 10px solid #4A4A4A;
}

/* Arrow up */
.arrow-up {
  width: 0;
  height: 0;
  border-left: 5px solid transparent;
  border-right: 5px solid transparent;
  border-bottom: 10px solid #4A4A4A;
  margin-bottom: 3px;
}