E*TRADE Bank

  us.etrade.com
  us.etrade.com

E*TRADE Bank Reviews

Updated October 6, 2014
Updated October 6, 2014
6 Reviews
3.6
6 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
(no image)
Arlen W. Gelbard
3 Ratings

Employee Reviews

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  1.  

    Great branding meets okay organizational execution.

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

    I worked at E*TRADE Bank full-time (more than 5 years)

    Pros

    E*Trade's internationally recognized brand lends a certain 'acceptance' when acquiring new customers. This makes it easier for folks in the sales realm to gain more trust from their clients. Unfortunately, there's much room for improvement in the management side of things.

    Cons

    Middle management blues and the usual leadership mishaps.

    Advice to ManagementAdvice

    Take risks, think outside the box. Don't waste this great brand on mediocre products and services.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Pretty good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Analyst in Arlington, VA
    Current Employee - Operations Analyst in Arlington, VA

    I have been working at E*TRADE Bank full-time (more than an year)

    Pros

    Overall good place to work as far as people, benefits and work/life balance.

    Cons

    It's hard to get out of operations, but the rest of the company seemed to be much more stable.

    Recommends
    Neutral Outlook
    No opinion of CEO
  3. 1 person found this helpful  

    Your overall experience will vary from manager to manager, but overall the opportunities are good.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Financial Service Representative in Alpharetta, GA
    Former Employee - Financial Service Representative in Alpharetta, GA

    I worked at E*TRADE Bank

    Pros

    Opportunity for growth
    Ability to become licensed, if not already
    Self improvement is encouraged (additional licenses, continuing education, etc)
    Pay is competitive

    Cons

    Training was sometimes inconsistent and that affects the information we provide to our customers and the speed at which we can respond. Also, ensure management understands how to manage people.

    Advice to ManagementAdvice

    Continue to focus on improvements and remember your people are the core of the business. I saw a lot of positive changes take place.

    Recommends
    No opinion of CEO
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  5.  

    Just waiting to be shut down

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Manager in Arlington, VA
    Current Employee - Senior Manager in Arlington, VA

    I have been working at E*TRADE Bank

    Pros

    Very good business model. Good Customer base. Internet only, latest technology platform. Good Interest Rates. A lot of good passionate people still hanging around for some unknown reason.

    Cons

    Mistakes of a few people who made bad decision and took off when the going was good is now coming back to haunt the people who had really no say in the matter. Most people even at senior levels did not even know how bad the situation was till it hit the public eye. Everyone bought the cool aid that we are beating the competition.

    Advice to ManagementAdvice

    Do not treat the Bank as a step child. A bank and a brokerage together is a competitive advantage. Reward good ideas even if they are coming from some guy at the 'bank'. People at the bank should not be penalized for the bad decisions by some who are not even here anymore.

    Doesn't Recommend
    Disapproves of CEO
  6.  

    ET OK

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

    I worked at E*TRADE Bank full-time (more than 3 years)

    Pros

    It had a young culture, so you felt that just about anything was possible to do, even if it had not been done before

    Cons

    It lacked resources and company management had moved it's direction to places it should not have gone, putting the company in trouble

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Charm enviornment

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Summer Intern in Seoul (South Korea)
    Former Employee - Summer Intern in Seoul (South Korea)

    I worked at E*TRADE Bank

    Pros

    Fairly flat organization and less competitive environment

    Cons

    Relatively low salary and few interactions among departments

    No opinion of CEO

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