E*TRADE Financial

  www.etrade.com
  www.etrade.com
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E*TRADE Financial Reviews in Jersey City, NJ

Updated June 9, 2014
Updated June 9, 2014
299 Reviews
2.7
299 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
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Paul T. Idzik
55 Ratings

Review Highlights

Pros
  • Etrade values work life balance and offers opportunities to advance in your career path (in 16 reviews)

  • The Series 7 and 63 training is free and useful in other jobs (in 13 reviews)


Cons
  • could improve in employee work life balance (in 8 reviews)

  • Call center work can eventually wear on an individual (in 14 reviews)

More Highlights

23 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Average place

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

    I worked at E*TRADE Financial full-time for more than a year

    Pros

    Great location, beautiful office view, little stress, relatively stable, friendly colleagues

    Cons

    Lots of bureaucracy, below average pay, limited potential

    Advice to ManagementAdvice

    Choose a busienss style between Silicon Valley and Wall Street

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    It all depends who you work for

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

    I worked at E*TRADE Financial full-time for more than 3 years

    Pros

    The pay was decent initially however after working with another manager but total compensation went down due to lack of bonus.

    Make sure to interview them because this went from being the greatest place to work to my worst nightmare in a matter of months.

    Cons

    Lack of management training for the long term Etrade employees. Try to work for some who is newer to Etrade.

    Advice to ManagementAdvice

    I hear you are doing a great job since I left and that makes me happy to hear. Try to pay more attention to middle management training.

  3. 1 person found this helpful  

    It's Dilbert's world brought to life.

    • 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 E*TRADE Financial full-time for more than 3 years

    Pros

    Upper management is trying to turn the tech side around and have introduced a number of process improvements to help make things more transparent. There is a move to upgrade the technology and its infrastructure. Considering the all new executive suite, it will be some time before the success of this undertaking can be evaluated.

    Cons

    Mediocre salary. High stress levels. Not much room for advancement unless you are more into game playing than actual innovation and accomplishment. Technology dating back to the 90's and unlikely to change very quickly. Working level leadership is more interested in empire building than building the company. At present, the process that has been implemented is all show and no substance.

    Advice to ManagementAdvice

    It would help to translate the advertised company values into something real instead of relying on an obsolete management style based on bullying. Good upper management intentions are usually frustrated by a lack of follow through. The middle-management bureaucracy somehow manages to protect it's domain, and give the appearance of acting without really taking the process improvements to heart.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5. 1 person found this helpful  

    Run FAST

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

    I worked at E*TRADE Financial full-time for more than 3 years

    Pros

    Views of lower Manhattan. I can't think of anything else.

    Cons

    I have never seen a group of managers and directors with such hatred towards one another in my entire career.

    Advice to ManagementAdvice

    Stop making an environment that pits managers against each other.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6. 1 person found this helpful  

    Has potential to be better

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

    I worked at E*TRADE Financial full-time for more than a year

    Pros

    the company's focus on innovation and technology are commendable.

    Cons

    opportunities for moving up with in the company are obscure/non-existent. could improve in employee work life balance.

    Advice to ManagementAdvice

    investing in your employees current success at Etrade should be enhanced by offering on going training workshops and engagement between management and employee.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  7.  

    Analyst

    • 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 E*TRADE Financial full-time for more than 3 years

    Pros

    Progressive. They are always looking forward and into the future with their products. They are highly competitive in the market.

    Cons

    Tons of red tape and management issues. It's hard to move up or cross train. Many people stay in the same position for years.

    Advice to ManagementAdvice

    Value you employees

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

    Good Employer

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

    I have been working at E*TRADE Financial full-time for more than 3 years

    Pros

    Great Culture, Was able to advance but it took a year and a half

    Cons

    uncertain future, new management team

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    It was a circus.

    • 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 E*TRADE Financial full-time for less than a year

    Pros

    Good people with good intentions and resilience in the face of futility.

    Cons

    Disorganized, backward project development process and poorly managed.

    Advice to ManagementAdvice

    Support your personnel, don't bully them.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Great culture and work life balance

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

    I worked at E*TRADE Financial full-time for more than 3 years

    Pros

    Laid back and low pressure environment. Management very accommodating of adjusting work schedules and time off. Adjustable work schedules as long as you put in 8 hours and get work done. Pay is OK taking into consideration nature of work. Management really looks out for employees. Co-workers were all very friendly and approachable. Collegial work atmosphere among different departments.

    Cons

    Work can be routine and unexciting. Layoffs can be rampant especially in Operations. Can get stuck in mediocre position for long time with little pay increases and not much advancement opportunities due to business climates. Low turnover and staff cutbacks which reduces growth opportunities.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    You need the right position

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

    I worked at E*TRADE Financial full-time for more than 3 years

    Pros

    There are some advancement opportunities. The pay is competitive but will likely be on the lower than average range.

    Cons

    If you're stuck in the wrong position (customer service), you will hate life. If that's you, apply to any/all openings you qualify for and hope that some hiring manager saves you. Otherwise, it'll wreck your psyche.

    Advice to ManagementAdvice

    Ease up on the csr. The job is hell and you're not exactly paying a premium to attract the best talent.

    Recommends
    Neutral Outlook
    No opinion of CEO

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