E*TRADE Financial

www.etrade.com

E*TRADE Financial Reviews

Updated January 16, 2015
Updated January 16, 2015
334 Reviews
2.8
334 Reviews
Rating Trends

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Paul T. Idzik
72 Ratings

Review Highlights

Pros
  • Etrade values work life balance and offers opportunities to advance in your career path (in 16 reviews)

  • The Series 7 and 63 training is free and useful in other jobs (in 13 reviews)


Cons
  • could improve in employee work life balance (in 10 reviews)

  • Call center work can eventually wear on an individual (in 14 reviews)

More Highlights

74 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Since I've started things have gone down hill. First there were few development projects. Now there are hardly any,

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Staff Software Engineer in Alpharetta, GA
    Current Employee - Staff Software Engineer in Alpharetta, GA

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

    Pros

    -nice team members to work with
    -good compensation

    Cons

    -no flexible work hours
    -no work from home
    -cube walls are short
    -director and VP are inconsiderate
    -no good projects are coming
    -I am not being used to my full potential

    Advice to ManagementAdvice

    Motivate your employees to want to be here by giving interesting projects and flexible work hours.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    senior software engineer

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

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

    Pros

    Goood balance of work and personal life.

    Cons

    Very bad compensation. 20% below market average.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3.  

    A company in turmoil

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Project Manager in Arlington, VA
    Former Employee - Project Manager in Arlington, VA

    I worked at E*TRADE Financial (more than an year)

    Pros

    Salary is competitive, good benefits package

    Cons

    With the new CEO, the company is in a huge state of flux. Multiple top level executives were given their walking papers and serious reorg is in the works. They are still digging themselves out of a huge sinkhole due to the loan crisis and are expected to cut 100 million dollars in expenses this year.

    Advice to ManagementAdvice

    GET IT TOGETHER or SELL

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5.  

    Relationship Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Relationship Manager in New York, NY
    Current Employee - Relationship Manager in New York, NY

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

    Pros

    Great place to get some experience and then move on. People are generally nice to work with.

    Cons

    Systems systems systems. For a company that prides itself on technology ETrade has more system issues than any company I've ever seen. Embarassing plain and simple.

    Some managers are severly unqualified and lack graduate degrees. Promotions are based on friendship and not merit in many departments. Professionalism is not exactly the strong suit.

    Advice to ManagementAdvice

    Get a clue

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  6.  

    Everyone is an island, little opportunity to grow

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

    I have been working at E*TRADE Financial full-time (more than an year)

    Pros

    They hand out titles like lollipops and E*TRADE looks good on a resume.

    Cons

    They hook you in the position with a higher than normal salary and promises of bonsuses, raises and promotions. Opinion throughout the company is that these are never delivered on. Good jobs go to outside hires. Very poorly managed from senior managers on up. Extreme micro management. Policies within the company don't communicate to each other.

    Advice to ManagementAdvice

    Back off. Let your employees do what they were hired for without constant check ins.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7.  

    You need the right personality to work here

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

    I worked at E*TRADE Financial full-time (more than 3 years)

    Pros

    Good staff and middle managers. Salary and benefits could be better, but not bad overall. Interesting industry. Good place to start a career.

    Cons

    Way too much micro-managing. Very secretive and very political atmosphere. Morale rather low. Senior management has an every person for themselves attitude. Very difficult to move around to other areas of the company.

    Advice to ManagementAdvice

    Provide more opportunities to move to other areas of the company.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Senior program manager

    Former Employee - Senior Program Manager in Menlo Park, CA
    Former Employee - Senior Program Manager in Menlo Park, CA

    I worked at E*TRADE Financial full-time (more than 5 years)

    Pros

    Good tech team to work with

    Cons

    Poor management team, not much career growth

  9. 3 people found this helpful  

    Good place to start but don't stay long

    • Career Opportunities
    Former Employee - Financial Services Representative in Alpharetta, GA
    Former Employee - Financial Services Representative in Alpharetta, GA

    I worked at E*TRADE Financial full-time (more than an year)

    Pros

    -Paid training for series 7/63 license
    -Decent pay for a recent college grad
    -Will learn a lot about the industry

    Cons

    This position is extremely micromanaged. They have a computer system that tracks everything you do, down to the second. If you clock in one minute late or stay on a call too long you'll hear about it immediately. The job became extremely stressful do to management constantly on your back about CE (leads). The morale here is very low do to the fact that the job gets very redundant. There is no opportunity for growth. Promotions are viewed as lateral movement so there is little pay increase.

  10.  

    Just OK, could be a lot better

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

    I worked at E*TRADE Financial

    Pros

    Pay to receive your Series 7 & 63.
    Employees generally get along well with each other.
    Benefits are pretty good, especially vision.

    Cons

    Management makes constant changes without notifying the employees that actually do the job or use the systems.
    Growth potential is no longer as available as it used to be. Moves to other departments are all viewed as lateral so there is little pay increase. Promotions now only come when someone else leaves the company.
    Most managers can't be trusted and seem to have their own interests at heart always.
    Pay is low and employee morale is extremely low.

    Advice to ManagementAdvice

    Make a better effort to listen to employee suggestions and involve the people who actually use your systems in the decision making process for upgrades and improvements. Your employees make your company move. Find better ways to take care of them and make them feel appreciated because that is a main reason some of the brightest and best employees move on from this company so fast and morale remains so low. Contrary to belief, the customer is NOT always right and should have some sort of accountability for them as well. Many employees have been blamed for difficult customers who have no basis for their attitudes.

    No opinion of CEO
  11. 1 person found this helpful  

    Great place for NCAs. Not for middle level people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Menlo Park, CA
    Current Employee - Anonymous Employee in Menlo Park, CA

    I have been working at E*TRADE Financial

    Pros

    Beginners have tons of things to learn. Great technologies are available to explore. All open source at work. Its a great technology company.

    Cons

    The etrade has too many managers and there is no growth potential for this company in the current world. The middle layer of employees are struggling.

    Advice to ManagementAdvice

    Too many rules at work. Not a good idea to have a time based work enviornment at a software concern.

    Doesn't Recommend
    Disapproves of CEO

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