Scottrade

www.scottrade.com
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141 Employee Reviews Back to all Reviews

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  1. 10 people found this helpful  

    Rewarding in the beginning - fell apart at the end

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

    I worked at Scottrade full-time

    Pros

    Work life balance is great. Employees at HQ are not required to take a lunch, therefore you are out the door in 8 hours on most days. There is also a great deal of start / end time flexibility.

    Cons

    Bonuses are used as an incentive to take a lower base salary. Toward the end of my time there, the bonuses were nonexistent. The base salaries in IT are abysmal and not in any, way, shape or form competitive.

    Advice to ManagementAdvice

    Eliminate bonuses and raise salaries across the board in IT. The differences between corporate and IT salaries are just too vast. Also - start employees at the 3 week vacation mark. Working 5 years for 3 weeks of vacation is unrealistic in today's environment.

    Finally - eliminate waste where it will make a REAL impact. Telling branch offices to turn thermostats down 5 degrees isn't going to move to needle.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Scottrade cares- if you're a salesperson

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

    I have been working at Scottrade as an intern (more than 3 years)

    Pros

    It is a great learning experience; you will learn a lot about the industry! The pay is good too, and I used to get a raise every 6 months.

    Cons

    Scottrade limits you to 25 hours a week, which is okay during school but in the summer/breaks you aren't allowed to work any more than that. Getting an exception (ex. asking to work more during tax season) is like pulling teeth. I noticed corporate culture has become more unfriendly towards interns/back office support recently. For example, interns hours were cut and raises frozen due to 'budget issues', but in the same time period salespeople gained an additional quarterly bonus. Corporate office also not helpful when it comes to career opportunities, unless the job is already posted online they will not mention any additional advancements

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
  3. 6 people found this helpful  

    Wish they would recognize talent and compensate accordingly.

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade

    Pros

    The people and culture are a plus.

    Cons

    They are at the low end for salary.

    Advice to ManagementAdvice

    Recognize talent and compensate accordingly.

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  5. 4 people found this helpful  

    Such a chill, lazy environment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stock Broker in Salt Lake City, UT
    Former Employee - Stock Broker in Salt Lake City, UT

    I worked at Scottrade full-time (more than 3 years)

    Pros

    No pressure, no sales environment

    Cons

    I hear they are making people sell. Scottrade is a safehaven for the finance guy who doesnt want to sell.

    Advice to ManagementAdvice

    dont make us sell!

    Doesn't Recommend
    No opinion of CEO
  6. 2 people found this helpful  

    A good stepping stone, but if you have worked elsewhere, you will be aggravated.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Applications Support Engineer in Scottsdale, AZ
    Current Employee - Applications Support Engineer in Scottsdale, AZ

    I have been working at Scottrade full-time (more than 5 years)

    Pros

    CEO is concerned with the well being of the employees.
    Health insurance, vacation and other benefits are good.
    There can be flexibility depending on your management

    Cons

    some procedures have not grown with the company, neither has security.
    some upper management have chosen work to be their self medication of choice, i. e. they are work-a-holics and they get aggravated when others cry uncle on very time consuming projects and day to day work. Most groups don't have a good work / life balance but some do.
    they actually promote to much from within, including interns. The Scottrade way is the only way they know.

    Advice to ManagementAdvice

    Higher more from outside the company for management in order to get fresh ideas.

    Recommends
    Neutral Outlook
    Approves of CEO
  7. 2 people found this helpful  

    Great work atmosphere, great career starter, not much room for growth, not much to learn once you learn the basics.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investment Consultant
    Former Employee - Investment Consultant

    I worked at Scottrade full-time (more than 3 years)

    Pros

    get series 7 and 63 licensed

    Cons

    not much room for growth.

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

    Finding Its Direction

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Consultant in Saint Louis, MO
    Current Employee - Investment Consultant in Saint Louis, MO

    I have been working at Scottrade full-time (more than 3 years)

    Pros

    Good Work/Life Balance and Benefits. If you like sales and put in the work the incentive bonuses can be nice if you work in a high net worth area. Generally smart caring people, and a CEO who cares about the firm and individual success.

    Cons

    Going to a sales/advice firm but is done at a snails pace. With the initiative get more money in the door service has fallen at the wayside to make sure you hit your numbers. Managers in sales coach roles now and they don't have a clue how to sell. Not much communication between branches and upper management at corporate office. Hardly any chance of advancement, and if you do advance you must relocate to St. Louis.

    Recommends
    Neutral Outlook
    Approves of CEO
  9. 2 people found this helpful  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Software Developer in Saint Louis, MO
    Current Employee - Senior Software Developer in Saint Louis, MO

    I have been working at Scottrade full-time (more than a year)

    Pros

    great atmosphere, people are generally nice

    Cons

    pay is low, processes are non-existent

    Advice to ManagementAdvice

    Look for external experience, not home grown, in order to meet process and organizational compliance needs.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    An ok place to start.

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

    I have been working at Scottrade

    Pros

    Family atmosphere. Solid work life balance. Great benefits and opportunities if you are willing to relocate to St. Louis.

    Cons

    Unrealistic expectations. Low base pay, quotas that are not realistic.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Inters

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Lakeland, FL
    Former Employee - Intern in Lakeland, FL

    I worked at Scottrade

    Pros

    looks decent on a resume if youre still in school

    Cons

    You don't learn much except for how to do their paperwork and how to use their CRM programs

    Recommends
    Approves of CEO

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