No jobs found – change your filters above for more results
Doesn't RecommendNegative OutlookDisapproves of CEO
- Work/Life Balance
- Culture & Values
- Career Opportunities
- Comp & Benefits
- Senior Management
I worked at Scottrade full-time (More than 10 years)
I worked in both IT and the Business side at Scottrade and stayed for over 10 years (I think the best reason I can describe for being there so long was I was lazy looking for other jobs). I will say that it was an entirely different place when I started. It was a pretty fun place where (because we were so small.. the entire headquarters fit in the Flushing Meadows building) you were able to get your hands involved in a lot of different areas. I was an entry level developer at the time and there were some smart and fun people that worked there (to be honest there were also a good amount of sub par associates but I was too new to the industry to recognize it at the time). I was able to get some good experience for a few years. The bonuses were good back then.. they were never below 20% for years (when they did go below 20 it was like there was rioting in the streets because the company's base salary is so low compared to the industry) but bonuses got really rough around 6 years ago. They became basically another check (they changed it to being paid twice a year and not 4 times) and never really felt like a bonus. Rodger was approachable and seemed like a nice guy.. if not really particularly bright. There are some nice fun people that work at Headquarters. I met some life long friends. It was then (and is now) a decent place for kids in their 20's to get some experience and there are a lot of young associates.. and this made it a fun place to work and there was a lot of inter office romance (especially on the Business side). They have lotteries to get tickets to the Scottrade Center events and that was fun. The benefits were reasonably good. Not great but pretty good. You generally worked 40 hours (sometimes depending on the project you were on you worked a heck of a lot less than that) which was a positive.
Where do I start I mean really? There are many in upper management (IT side and Business side) who essentially grew up there and they really are amateurs (especially in such high positions). They just don't come off or manage like pros. It's annoying and detrimental to ones career to "learn" from such individuals. Scottrade is (and has been) a very political place. Many companies have politics in the office but it is the rule at Scottrade. Associates are generally not promoted on their merit and experience but on how they treated those in power. Its rampant and dismotivating. It has become a brutal place to work because of the "screw up and you are fired" mentality that has come about relatively recently. It literally has become a place where if you have a rollout that causes issues with the marketing site or trading site (or if you even don't fill out the change management form for a rollout perfectly) you are highly susceptible to being fired. Who wants to work in a place like that? The pay is just dumb... I was so dramatically underpaid for my skills that at my next job I made almost double. I'll never forget Jane Wulf stating in a HR meeting that we need to "ignore those salary websites" (the ones that say we are dramatically under paid).. I still laugh out loud when I think of that. They know that they pay below market and they don't care. It is that simple. Oh and on Jane.. she has been Rodger's right hand woman since the beginning and she can do no wrong... but in the opinion of most associates she can't do much right either. She is a millionaire and just doesn't relate to the issues that the typical associate faces.. and doesn't care to try and champion their greivances. In another company Jane would be replaced. And Rodger... like I said he always come off in a charming relaxed way but does not come off as a leader of a great company. Not even close. And he also doesn't come off as someone who cares that much about his employees. There was a time when they told us that they thought about getting rid of the 401K match (because times were tough and they weren't making enough money) but then thought about they fact that we (the plebians) use that for our retirement so they guessed they would keep it.That felt great. The products that are offered (especially the Trading Site which looks like it is out of the Atari era.... I mean really they expect to have people give them $100.000's with that site!) are the opposite of innovative (the mobile app is not bad I will give them that) and it takes years and a lot of committees to agree to get substantive change and new projects going. For those that start their career there and get 3-4 years experience, I kind of get that.. but otherwise the best way I can describe the company is amateur.
Advice to Management
There are so many... so many... quality associates that are actively looking. I really don't have any advice because it became obvious that the gripes of the associates fall on deaf ears. Just know that the brain drain will continue and continue and with that starts the demise of a company. Some of you are solid smart people (some aren't)... take your experience and move on.