E*TRADE Financial Reviews

Updated August 27, 2015
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  1. Had the BEST co-workers but the WORST management!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Former Employee - Anonymous Employee in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    E*TRADE was a wonderful place to work because of the people that you get to work with each day. Some of the best in the business and you can learn a lot in the short time you will likely stay.

    Cons

    Upper management is the worst as they have no idea what really goes on day to day to keep the customers happy. They have the worst methods of internal promotion and some of the highest turnover I have ever seen because almost every job there is a dead end.

    Advice to Management

    Less management (upper and senior) and more internal promotion.


  2. Helpful (1)

    Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Progressive. They are always looking forward and into the future with their products. They are highly competitive in the market.

    Cons

    Tons of red tape and management issues. It's hard to move up or cross train. Many people stay in the same position for years.

    Advice to Management

    Value you employees


  3. Helpful (1)

    Etrade death

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Salt Lake City, UT
    Current Employee - Financial Services Representative in Salt Lake City, UT
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Mirror test hire meaning if you can fog a mirror with your breath you're hired from what I observe of uneducated simple people in Sandy, UT

    Cons

    Truly mean and manipulative staff who leave you to customers with limited training. After working with larger brokerages it is mesmerizing to see how gullible management is to the slightest concerns. Run... Don't walk from this seeming opportunity.

    Advice to Management

    Get some life experience.


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  5. Helpful (2)

    Stuck behind the pack

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Work culture is generally pretty laid back - very dependant on your branch manager. There is a lot of "low hanging fruit" b/c ETRADE customers are not accustomed to having a FC, if you position yourself properly you can gain a lot of credibility with clients.

    Cons

    Equivalent to horse and buggy in terms of investment and sales capability - lack fixed income options in UMA, no to hardly any I shares, not able to speak to ETF's to client's. Your ability to talk to clients is limited to as if you have no licenses or experience with investments. Company does not value experience, accredations or investment knowledge of FC's. While the comp plan is supposedly "open ended", your threshold is subject to where your branch is located, with better locations having to produce WAY more. Unfortunately they don't do the same distinguishment with base salary, so your base is the same no matter what location you are in... still can't figure this out, but it makes meeting your day to day bills very difficult if you live in a good location. Also you are paid out a full 2 months after the end of the quarter making cash flow managment very difficult. If you miss a bonus you won't be paid for a full 6 months, base is not enough to support you through this time. No addtional benefits to speak of - 2.5% match on 401(k) employee contribution of 5%, NO stock purchase plan (despite being one of the largest ESPP providers), very little to no reimbursement of educational or accrediations, no reason to stay long term leading to high levels of attrition.

    Advice to Management

    Senior Management that was all recently replaced - what are you doing? Communicate with us, give us some hope, inspire us, right now it's so silent it makes us wonder what in the world is going on.


  6. Helpful (1)

    It was a circus.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at E*TRADE Financial full-time (Less than a year)

    Pros

    Good people with good intentions and resilience in the face of futility.

    Cons

    Disorganized, backward project development process and poorly managed.

    Advice to Management

    Support your personnel, don't bully them.


  7. E*trade is good or bad.. it all depends who you worked for in the company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Administration in Arlington, VA
    Current Employee - Credit Administration in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at E*TRADE Financial full-time (More than 8 years)

    Pros

    Flexible work hours but not the same for all employees.

    Cons

    Salary and no room for growth even if you work there for years and your responsibilities increase they refuse to pay you as you deserve to.

    Advice to Management

    You need to consider all employees and not only the brown noses. in the credit administration department it's noticed that in order to grow you have to be part of the click and if you are not or have had differences with one of the "star" managers you can kiss goodbye to growth.. promotion, good bonuses, and raises. Management in that department needs to be reviewed. Just my thought....


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

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Staff Software Engineer in Alpharetta, GA
    Current Employee - Staff Software Engineer in Alpharetta, GA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    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 Management

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


  9. senior software engineer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    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.


  10. A company in turmoil

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Arlington, VA
    Former Employee - Project Manager in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at E*TRADE Financial (More than a 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 Management

    GET IT TOGETHER or SELL


  11. Relationship Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in New York, NY
    Current Employee - Relationship Manager in New York, NY
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    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 Management

    Get a clue



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