E*TRADE Financial

  www.etrade.com
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E*TRADE Financial Reviews

Updated Jul 27, 2014
All Employees Current Employees Only

2.9 285 reviews

52% Approve of the CEO

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Paul T. Idzik

(54 ratings)

42% of employees recommend this company to a friend

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 8 reviews)

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

More Highlights
86 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall good, but not the greatest

    Senior IT Project Manager (Current Employee) San Francisco, CA

    ProsGood work life balance and overall flexible hours

    ConsLack of good management; lack of direction

    Advice to Senior ManagementGet back on track; have a solid business strategy

    Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall a good company to learn about financial service industry

    Manager (Current Employee) Arlington, VA

    ProsPeople are smart, supportive and dedicated to their work; culture, always try to excel, innovate and fast paced; in both banking and brokerage business, and not too big/bureaucratic

    ConsToo many upper management turnarounds in recent years

    Advice to Senior ManagementFigure out a strategy and find the right people and stick with them

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    2 people found this helpful  

    Lots of changes

    Senior Manager (Current Employee)

    ProsGood pay and benefits, work and life balance is fantastic.

    ConsNo loyalty to employees, they will use and lose you. Company politics drive or stifle programs depending on who your buddies are.

    Advice to Senior ManagementYou must communicate to your teams, make them feel valued.

    No, I would not recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Stable company? No more

    Principal Software Engineer (Current Employee) Menlo Park, CA

    Pros- Good work/life balance
    - Friendly colleages

    Cons- Management generally lacks management skills, fail to inspire employees. Middle managers have not changed for 10 years so no opportunities for other to advance.
    - Good people finally start leaving after recent massive layoff. Moral has been low for a long time.
    - Too much processes

    Advice to Senior ManagementValue human asset. Don't view them as disposable resources.

    No, I would not recommend this company to a friend

     

    it's ok overall in all the area.

    Anonymous Employee (Former Employee)

    ProsGood people with the ok pay.

    Consfor the management keep changing

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    It is a "hot mess" right now - avoid.

    Systems Administrator (Former Employee) Alpharetta, GA

    ProsReasonable hours, lack of any deadlines. New CEO is at least trying to break through the walls that protect those who refuse to embrace change and prevent innovation.

    ConsEntire senior management group has left (note this could be seen as a pro, but it remains to be seen.) Remaining managers have dug in like the battle of the Somme. Very little chance to grow or learn new technologies. Most good employees have left and those that remain are shell-shocked.

    Advice to Senior ManagementKeep on pushing change. It may have to go all the way to the lowest levels of management before the job is done. Bring in new blood at all levels of management.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    Good first job

    Senior Financial Representative (Current Employee) Alpharetta, GA

    ProsEtrade will train you to get your Series 7 brokers license. If you are not opposed to moving around there is some ooportunity for advancement. The company is small and earning potential is limited. It is good company to get some experience and go somewhere else to use it.

    ConsNo real up earning potential because of company size and corporate structure. Company is top heavy with management and is not taken seriously by serious investors. You always get the feeling the company is about to sold or is on the market for a buyer.

    Advice to Senior ManagementMake up you mind what you want to be, either an investment firm providing solid investment advice or a cheap gimmicky discount broker.

    – I'm not optimistic about the outlook for this company

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Company in maintainence mode

    Staff Software Engineer (Former Employee) Menlo Park, CA

    Pros- Relaxed work environment
    - Good work life balance
    - No hectic schedules

    Cons- No new products
    - Maintenance of existing products
    - Least recognition for good work done
    - Benefits are ok
    - Green Card processing is very slow and bad (nothing more can be expected since the company is in cost cutting mode)

    Advice to Senior Management- New products and new idea should be brought in.

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

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    5 people found this helpful  

    Get a start here, but don't get too comfortable.

    Senior Financial Services Representative (Former Employee) Alpharette, GA

    ProsGood place for a young person starting out in the securities industry to get licensed and learn a few things. They pay for your licensing. You don't really have to take your work home with you.

    ConsLow pay. It's a call center. Low employee morale. Every second of your day is micromanaged. Rude customers. Promotions are actually just lateral moves to other departments doing the same thing. Company touts promoting from within but sought after positions are filled outside.

    Advice to Senior ManagementDe-emphasize the "CE" requirement. Many excellent reps do not receive the recognition they should because they choose to not abuse the referral system like other reps. Being able to "put on over" on management with inflated referral leads shouldn't be rewarded. Top referral performers are the least likely to allow others to observe their habits for a reason.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

    Good Experience in short-term but dead end road

    Senior Financial Services Representative (Current Employee) Alpharetta, GA

    ProsMakes it easy to get acclimated with the market and a range of investments. Benefits are great. Good place to get a series 7 as they have a good training program but most moves within the company after that are lateral.

    ConsVery micro managed. Because of this, it is difficult to create relationships within the workplace. Most employees show up and leave with very little interaction. It is luck of the draw to get off work and most people end up taking PTO days in the middle of the week because Mondays and Fridays are the busiest days. New hires typically are stuck on an off hour shift that may include nights and weekends.

    Advice to Senior ManagementKeep a CEO longer than 6 months that can implement a strategy to be more successful.

    No, I would not recommend this company to a friend

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