Scottrade Reviews

Updated August 26, 2014
Updated August 26, 2014
438 Reviews

3.0
438 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
354 Ratings

Review Highlights

Pros
  • The work/life balance is great--I never put in longer than an 8-hour day (in 40 reviews)

  • It's also a great place for young college grads to get resume experience (in 30 reviews)


Cons
  • Small office environment, lack of growth/promotion unless willing to move to St (in 25 reviews)

  • no room for advancement unless you want to change your job title and keep doing the same thing (in 21 reviews)

More Highlights

119 Employee Reviews Back to all reviews

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  1. 1 person found this helpful  

    A good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - IT Project Manager  in  Westminster, CO
    Current Employee - IT Project Manager in Westminster, CO

    I have been working at Scottrade for more than 3 years

    Pros

    Very good employee base and management

    Cons

    Pay not competitive but company is improving compesation

    Advice to ManagementAdvice

    Pay your employees better

    Recommends
    Positive Outlook
    Approves of CEO
  2. 2 people found this helpful  

    Great if you like sales.

    • 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

    Nice co-workers. The company is very morally responsible and the job is low stress. There is now more opportunity to make money than ever before at this company.

    Cons

    Company is going through a significant transition in the business model and everything--from everyday work applications to commission payouts--is riddled with glitches. Also, since asset gathering is the focus now (they say there are no quotas, only goals), there is high turnover because employees of the old model are resistant to change. And, they tell us to meet these so-called goals without the proper tools and resources to do so.

    In a technical aspect, Scottrade is constantly lagging behind the competition.

    For ambitious people, the work is unfulfilling and there is no mobility in a branch office unless you want to move to St. Louis, MO.

    Advice to ManagementAdvice

    Stop with the phone conferences, please.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    Investment Consultant

    • 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 full-time for more than a year

    Pros

    Benefits are above industry standard
    Usually not requiring to stay OT
    Most managers and colleagues are friendly

    Cons

    Lack of career advancement opportunities
    Hard to move to other locations
    Below industry average salary

    Advice to ManagementAdvice

    Listening to the needs of ICs
    More autonomy for ICs to make discretionary decisions

    Recommends
    Neutral Outlook
    Approves of CEO
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  5.  

    Great first experience within Financial Services

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

    I worked at Scottrade as an intern for more than a year

    Pros

    Great learning experience to begin a career within financial services. Life/work balance second to none.

    Cons

    Small office environment, lack of growth/promotion unless willing to move to St. Louis with still not a ton of opportunities. Consistently behind competitors. Requirements for management positions at branch level could be more stringent.

    Advice to ManagementAdvice

    Introduce greater benefits and pay for employees. Pay for what are now investment consultants which are the backbone of the company is a bit low

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    consultant

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade

    Pros

    chill out environment, easy job tasks

    Cons

    no where to go for next step

  7.  

    Decent place to start

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade

    Pros

    Finally realized they need to give more help to clients
    Very nice people
    Pretty good communication from senior management

    Cons

    Behind other brokerage firms in products/services
    Little advancement unless you move to St. Louis

  8.  

    Want To Live In St. Louis, MO?

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

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

    Pros

    - Friendly culture
    - Predictable work hours
    - Work is fairly simple
    - Great benefits

    Cons

    Outside of relocating to St. Louis, MO, the farthest you will ever get in your career is a Senior Branch Manager.

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

    A letdown

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

    I worked at Scottrade full-time for more than 3 years

    Pros

    "Best company to work for" There was previous great internal communication. It's a great start for a new worker. The culture is still better than most. A day off to volunteer and Money contributed for volunteering. Their internship program was very helpful. They're trying to get more competitive, and are successfully doing so, but changing their expectations of staff along the way and not appreciating the leaps and bounds they have made.

    Cons

    Losing sight of it's small company family-style approach. They don't care about their employees the way they used to. There is very little room to move up locally, or expect to move closer to home even though there are locations around the U.S. Affected by the need to cut back intern hours or have to pay benefits. This puts their young staff in a frustrating position.

    Advice to ManagementAdvice

    Bring back some of the things that make your long-term employees so committed to the company before they all leave and you lose the loyalty that helped build the company from the ground based on amazing customer service. Provide some flexibility with hours of branch associates and tie in a way to help them reap the benefits of growing their branch based on what you grew your company on.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 2 people found this helpful  

    Easy job.

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

    I worked at Scottrade as an intern for more than 3 years

    Pros

    Easy job. Great internship if you don't want to actually work

    Cons

    no room for advancement unless you want to move to St. Louis. Poor senior management

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  11. 1 person found this helpful  

    It was a valuable experience.

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

    I worked at Scottrade as an intern for more than a year

    Pros

    Great place to start in the investment/finance world, has a good training program for interns, and a great company culture.

    Cons

    When I was hired the culture was excellent, however since then it has gone downhill. There is no effective communication between the branches and HQ (St.Louis). There are no advancement opportunities for interns unless one is willing to relocate time zones away. There are rapid changes occurring within the company.

    Advice to ManagementAdvice

    Understand that the relationship between the branches and back office is deteriorating. Be more proactive about finding full time positions for interns who have graduated and proven effective at their jobs.

    Neutral Outlook
    Approves of CEO

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