E*TRADE Financial
2.9 of 5 263 reviews
www.etrade.com New York, NY 1000 to 5000 Employees

E*TRADE Financial Reviews

Updated Jan 29, 2014
All Employees Current Employees Only

2.9 263 reviews

                             

51% Approve of the CEO

(no image)

Paul T. Idzik

(45 ratings)

42% of employees recommend this company to a friend
41 Employee Reviews Back to all reviews
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Overall a good place to work

Anonymous Employee (Current Employee)

I have been working at E*TRADE Financial

ProsOverall a good place to work

ConsNone at this point in time

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pretty good

Financial Services Representative (Current Employee)
Sandy, UT

I have been working at E*TRADE Financial full-time for less than a year

Prosdecent pay and training overall.

Consstill needs to develop brand

Advice to Senior Managementconcentrate on growing wealth management.

Yes, I would recommend this company to a friend

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In this job, you will learn about the financial industry everyday.

Financial Service Representative (Current Employee)
Alpharetta, GA

I have been working at E*TRADE Financial full-time for less than a year

ProsThey provide great training before you are on the job and have good benefits.

ConsThere is a lot of micromanaging.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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A great company if you like to work with latest tech and in a fast paced environment. But work/life balance can suffer.

Information Technology (Current Employee)
Alpharetta, GA

I have been working at E*TRADE Financial full-time for more than 8 years

ProsIt is a great environment for self motivated people. Management is open to creative solutions and supportive of projects. Compensation has been good, but upward mobility has been difficult.

ConsThe company is understaffed, which means long hours for those that work there.

Yes, I would recommend this company to a friend

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Great Place to get started

Financial Services Representative (Current Employee)
Atlanta, GA

I have been working at E*TRADE Financial full-time for more than a year

ProsThis is a great place to get your 7 and 63, heck even more. paid training for 7 & 63 can't be beat. Plenty of overtime if you need extra cash. Overall i learned so much coming out of college and there aren't many opportunities in this area of finance in Atlanta at the moment.

ConsCompensation for lead generation can be boosted.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Looking for job at E*trade?

Senior Software Engineer (Current Employee)
Menlo Park, CA

I have been working at E*TRADE Financial full-time for more than 10 years

ProsThe company uses cutting edge and open source technologies.Company provides good work environment and focus on framework based development approach to improve productivity.

ConsThe company growth does not seem to be impressive for some time and seems to be in the process of changing that by reorganizing and focusing again.Not sure how long it would take to get back into high growth mode.

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Unlimited comp for sales on the FC side

Financial Consultant (Current Employee)

I have been working at E*TRADE Financial full-time for more than 3 years

ProsUnlimited comp for sales on the FC side I love it it makes me very motivated to work hard.
I am happy my manager gives me the space to sell to the right clients. The clients that want and need advice. Many need advice but just do not want it so you need to sift thru to find someone that "gets" that putting all their money in a 12 cent gold mining stock will most likely not help them reach retirement with a good size nest egg.
Given 200mm book to work with huge opportunity but can hurt you.
A get the job done culture!

Cons*Operations and TOA are way understaffed should have 30-50 people full time. E*TRADE could bring in an additional 10-25% or more in assets and retention if they refined this area in particular.
* There should be a positive small revenue share on your practice/book that exceeds threshold or
* Threshold feels more like a "steal take"
*UMA needs a bond manager yesterday.

Advice to Senior ManagementLook at how other discounters execute operations and TOA then copy what they do well.
I am not sure is Paul is wanting to grow us or sell us? I prefer grow there is an enormous opportunity to grab more market share from TD and Schwab.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Young and dynamic company with endless opportunities for the brave and ambitious

Senior Product Manager (Current Employee)
North Atlanta, GA

I have been working at E*TRADE Financial full-time for more than 5 years

ProsMany opportunites to grow whithin. One can start at the bottom and with hard work and the right attitude can easily move up to more rewarding positions.

ConsCompensation could be better. This industry requires talented people to innovate and stay ahead of the curve. Pay seems lower compared to other companies

Advice to Senior ManagementKeep the culture as it is and design fairer compensation package throughout the organization. Identify key personnel that keeps the business running and the compensate them based on merit.

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Great place to learn about the financial services/brokerage business

Financial Services Representative (Current Employee)
Alpharetta, GA

I have been working at E*TRADE Financial for more than a year

ProsPay you to get your Series 7 and Series 63 license, benefits are very good, starting pay is decent. Learn a good deal about the financial world in a short amount of time, very applicable if you move to another financial job. All my managers but one were great people to work with, and always there to help. You get a 10% pay increase for working any hours past 5 pm, and any time on the weekends. Business casual dress.

ConsYou are monitored on everything you do, from taking exactly a 15 min break, to "unscheduled" bathroom breaks. You phone and computer are tied together and you must "code" you phone to what you are doing, so they now what you are doing all the time. Job can get very monotonous and repetitive. Can be easy to get burnt out. E*trade is open 24/7, so you if you get stuck on the night shift, it can be a while before you get back to regular hours. You have to try to get "leads" for the company (7-10 a week) and you don't get any additional pay for going the extra mile and getting them.

Advice to Senior ManagementEase up on the 24/7 monitoring, would be nice to get a little compensation for leads.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Senior developer

Anonymous Employee (Current Employee)
Atlanta, GA

I have been working at E*TRADE Financial full-time for more than 3 years

ProsGood work /life balance, decent salaries and bonus, good team and nice place to work.
Latest technologies to learn and grow.

Conssometimes requires 24/7 support.
no more work from home allowed.

Advice to Senior ManagementPlease improve perfomance review system.

Yes, I would recommend this company to a friend

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Glassdoor is your free inside look at E*TRADE Financial reviews and ratings — including employee satisfaction and approval rating for E*TRADE Financial CEO Paul T. Idzik. All 41 reviews posted anonymously by E*TRADE Financial employees.