TD Ameritrade

  www.tdameritrade.com
  www.tdameritrade.com

TD Ameritrade Reviews

Updated December 22, 2014
Updated December 22, 2014
345 Reviews
3.5
345 Reviews
Rating Trends

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TD Ameritrade President, CEO & Director Fred Tomczyk
Fred Tomczyk
188 Ratings

Review Highlights

Pros
  • Work-life balance is good if you want to leave the office promptly at 5 (in 21 reviews)

  • Great benefits outside of salary (in 17 reviews)


Cons
  • No sick pay, multiple upper management positions for single teams, TPS reports (in 13 reviews)

  • In our department (Coaching) you are not conservative you might be looked down upon by middle management (in 9 reviews)

More Highlights

101 Employee Reviews Back to all reviews

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  1.  

    TD Ameritrade

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Investor Service Representative in Fort Worth, TX
    Former Employee - Investor Service Representative in Fort Worth, TX

    I worked at TD Ameritrade full-time (more than 5 years)

    Pros

    The people you work with are great.

    Cons

    There is not much growth in pay wise with the company. Merit raise was not much every year.

    Advice to ManagementAdvice

    Increase more better job opportunities and increase the pay.

    Doesn't Recommend
    Neutral Outlook
  2.  

    Good not great company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Omaha, NE
    Current Employee - Financial Representative in Omaha, NE

    I have been working at TD Ameritrade full-time (more than an year)

    Pros

    They paid me to get my series 7 and 63, something I found impossible to find on my way out of college. Every brokerage I applied at wanted someone with them already for an entry level job. Kinda mutually exclusive the way the industry works. Definitely opportunity for advancement, most people above me right now are not much older or have only been there a minimal number of years.

    Cons

    Only 3 weeks vacation a year, get stuck with some holidays not as holiday pay if that is your normal shift. For a brokerage firm a .5 percent match up to 6 is pretty embarrassing compared to other firms especially being in the industry. Beginning training was tough on some of my class because they weren't prepared to handle incoming client calls. It might be because a lot of my coworkers don't have a finance backround/degree and no general interest in the market.

    Advice to ManagementAdvice

    Please up the 401k match, currently losing to Fidelity, Vanguard, Merrill and even Mcdonalds. That's not something to be proud about. Also a greater discount on employee brokerage accounts.

    Recommends
    Negative Outlook
  3. 3 people found this helpful  

    All about the numbers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts Associate in Bellevue, NE
    Former Employee - New Accounts Associate in Bellevue, NE

    I worked at TD Ameritrade full-time (less than an year)

    Pros

    Decent pay for those with little to no experience in the workforce. Excellent training programs.

    Cons

    Promotion in responsibility, pay, and/or title is VERY competitive and difficult to acheive. Very regimented workplace with heavy reliance on performance metrics and very little encouragement for creative thinking or process improvement.

    Advice to ManagementAdvice

    You know how to hire intelligent, productive workers. Let them know they are appreciated. The HR and management practices seem to reflect the stock trading industry mentality -- measuring and 'buying/selling' employees like shares of stock. Employees can offer so much more to the bottom line than what you are measuring!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    AMTD review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ
    Current Employee - Anonymous Employee in Jersey City, NJ

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

    Pros

    Great associate environment. Committed to community improvement and philanthropy. Generally allows work/life balance flexibility.

    Cons

    Below market salaries and lopsided compensation between executives and other associates. Kool Aid drinkers can be disingenuous and even threatening.

    Advice to ManagementAdvice

    Focus on core competencies and stop reaching. Fighting organic growth trends in derivative demand and focusing on accumulating assets.

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Great if you're young or live in a flyover state

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

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

    Pros

    You can't dump on a company for being a low cost producer that grows by acquisition. If you are very high in the chain that's great. Stable company that's not going anywhere.

    Cons

    Your not supporting a family in NYC metro and You're not leveraging this for a job on Wall Street unless you want a quick crash course in functional stuff before heading to a retail job. If you are a liberal arts major from a non target school, probably better to head to a bank branch for a relationship manager job. At least you'll learn to sell. Then head to grad school.

    Advice to ManagementAdvice

    You've built a great company

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    Fix the hiring, promote better people

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

    I have been working at TD Ameritrade full-time

    Pros

    Very flexible work life balance

    Cons

    Rotational program needs way better screening, stop hiring people who only know how to answer behavioral questions.

    Advice to ManagementAdvice

    Figure out who is actually doing work and give them the promotions and bonuses they deserve. Why do you think there is currently so much turnover?

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Good experience

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

    I worked at TD Ameritrade full-time (more than 10 years)

    Pros

    There are a lot of opportunities. Good people to work with. Excellent benefits.

    Cons

    Some people are challenging to work with.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    internship experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - N/A in Baltimore, MD
    Current Employee - N/A in Baltimore, MD

    I have been working at TD Ameritrade as an intern (less than an year)

    Pros

    Fun company a lot of outings and meet great people

    Cons

    the company promotes hiring but does not hire anyone. There were four positions open and they exceeded the amount of people so they could hire interns for a lower price in order to do work that the regular employees did not have to do. They kept telling me with my hard work I could be hired and with my good ethic and hard work they continuously implied that. Late did I find out I was just cheap slave labor and no promise for a full time position was offered. I do not think they hired anyone in the Baltimore area

    Advice to ManagementAdvice

    Do not make false promises to interns

    Recommends
    Neutral Outlook
    No opinion of CEO
  10. 3 people found this helpful  

    Management with no power

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Architect in Jersey City, NJ
    Former Employee - IT Architect in Jersey City, NJ

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

    Pros

    Pretty organized in terms of hierarchy and org structure.

    Cons

    HR moves super slow. Legal team is lousy and do not take any responsibility for their actions. Management at director levels are unable to make quick decisions. Everything needs to be bubbled up to the top most management to the point they are involved in any problems related to a IT programmer. Attrition rate is high specially in management

  11.  

    If phone sales are your thing you can do well

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Representative in Fort Worth, TX
    Current Employee - Financial Representative in Fort Worth, TX

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

    Pros

    pay for performance in sales, high turnover creates opportunities for advancement quickly, 24/7 operations accommodate all shift needs

    Cons

    weak training, weak management consistency, lowest base pay schemes in the metroplex

    Advice to ManagementAdvice

    focus on training as much as sales drive and the sales will improve anyway

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

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