E*TRADE Financial Reviews

Updated July 3, 2015
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2.9
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Recommend to a friend
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Paul T. Idzik
91 Ratings

Pros
  • Work life balance, decent pay (less than what competitors are paying) (in 16 reviews)

  • Paid for Series 7 and 63 classroom hours with amazing instructor (in 13 reviews)

Cons
  • Senior Management, very little communication from mgmt & No work life balance (in 10 reviews)

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

More Pros and Cons

379 Employee Reviews

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  1. Helpful (1)

    Worse company to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst in Rego Park, NY
    Former Employee - Operations Analyst in Rego Park, NY

    I worked at E*TRADE Financial (More than 3 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    No pros, because this is a bad company to work for. They treat people like trash once they are done with you. Doesn't live up to their compromise.

    Cons

    Worse place to work! Lots of politics. Management doesn't want to take ownership of responsibility. Very unprofessional higher management! If they are done with what they need form you, they will throw you out the curb.

    Advice to Management

    Learn to have some breeding and be fair to your employers.


  2. Helpful (1)

    Marketing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Marketing Specialist in New York, NY
    Former Employee - Marketing Specialist in New York, NY

    I worked at E*TRADE Financial (Less than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Decent Pay, decent hours pending the team

    Cons

    STAY AWAY! Management changes directions constantly. This comes from lots of turnover -- CMO left, SVPs left, VPs left. Constant meetings from CFO asking people not to leave, after announcements that people are leaving.
    No advancement and constant restructuring. During my time there they fired 10 people and took months to replace them due to restructure.

    Advice to Management

    Stop treating your employees like they are trash.

    Need to staff properly


  3. Helpful (1)

    Don

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Project Manager in Menlo Park, CA
    Current Employee - Senior Project Manager in Menlo Park, CA

    I have been working at E*TRADE Financial (More than a year)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Free coffee, clean bathrooms, and free tea.

    Cons

    disrespectful treatment of employees. Management team does not reward employees and are highly suspicious of employees. No diversity of workforce. Building has roaches.

    Advice to Management

    Please have managers take management courses and ensure it is mandatory. They need all the help they can get.


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  5. Helpful (1)

    Lead Analyst

    Former Employee - Lead Analyst
    Former Employee - Lead Analyst

    I worked at E*TRADE Financial

    Doesn't Recommend
    Neutral Outlook
    Doesn't Recommend
    Neutral Outlook

    Pros

    If you have a good Manager they may make you work remotely at times instead of taking the day off for a Dr's appointment.

    Cons

    This company will chew you up and spit you out. One minute your on tract to become a manager with great rating and then all of a sudden you have a new manager and they push you out. This company acts like a Mom and Pops shop. When a Manager wants you out for no specific reason they make an excuse to get you out. There is no process of discussing or involving their direct parties. I have been in the industry for 15 years. If you are a Finance Professional or Accountant this company is not the place to go.

    Advice to Management

    Take Management courses. Just because you can do your job well does not mean you can handle direct reportsQ


  6. Helpful (1)

    Probalby not a good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Lead in Arlington, VA
    Former Employee - Financial Lead in Arlington, VA

    I worked at E*TRADE Financial (More than a year)

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    Trading platform is dynamic, focus on mobile apps.

    Cons

    Continue to sell its loan portfolio. No new books. Jobs were cut. Low ball salary. Work overtime.

    Advice to Management

    At least my site is dying because of job cuts and re-organization. Saw 3 re-orgs in 2 years. The management was unwilling to contribute to it's loan portfolio instead of selling what they can sell. Budget was real tight. Works were mainly done by contractors. Full time employees keep on disappearing or let go. Management does not care about workers. People were let go without any reason which was legal in Virginia. I saw people's career being thrown in the air. So unless you don't have any choice, ask which division and be prepared to leave or run away in a couple of years/months.


  7. Helpful (1)

    Get your Series 7 and 63, 6 months to a yr. experience and run.....

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Service Representative Elite in Sandy, UT
    Former Employee - Financial Service Representative Elite in Sandy, UT

    I worked at E*TRADE Financial

    Doesn't Recommend
    Disapproves of CEO
    Doesn't Recommend
    Disapproves of CEO

    Pros

    Decent benefits and pay for new hires.

    Cons

    Company is more worried about call center metrics and not so much helping the customer. Place is full of middle-aged managers past their prime who are angry at the world. Lack of homogenous policies among teams which makes working with other teams difficult. Company has a very perverted definition of what defines "work". Apparently, if you are not typing or talking to a customer you are not working. So things like doing research for a customer, off the phone, is not working. Cant make this up. 60% turnover every year for a reason. I think most ppl who stay here longer than a year either don't know all the things you can do with a Series 7, depressed or needs the call center type schedules to save on daycare etc.

    Advice to Management

    Stop caring so much about call center stats which mean nothing other than treating your employees like a human resource to be thrown away, and care more about the customer.


  8. Helpful (2)

    don

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

    I have been working at E*TRADE Financial

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Decent benefits that is all

    Cons

    they wouldn't give me enough room to write all of the terrible things about working here. I have held two positions Here. They treat employees like dirt.

    Advice to Management

    Do something different


  9. Helpful (3)

    Distasteful working environment

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

    I worked at E*TRADE Financial full-time (More than 5 years)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Salary and Benefits are very reasonable

    Cons

    Worst manager you can ever wish for! Lot of sneakiness and passing accountability together with not being truthful.

    Very late nights and long weekends together with a very obnoxious boss who calls your home at all hours including weekends and gives out abuse. Even if your wife answers, no respect is shown!


  10. Helpful (1)

    Bad leadership team

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

    I worked at E*TRADE Financial

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    If you get lucky you get exposure to good projects

    Cons

    bureaucratic teams. No career growth.


  11. Helpful (1)

    only recommended to college students

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

    I worked at E*TRADE Financial

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    experience within the financial industry and opportunities to get finra licenses

    Cons

    not a drug free environment, lots of nepotism, gender and cultural discrimination, minimum educ requisite is high school diploma, salary is meager and bonus is "discretionary" but management will create loopholes to give you none



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