There are newer employer reviews for E*TRADE Financial

 

Young and dynamic company with endless opportunities for the brave and ambitious

Current Employee - Senior Product Manager in North Atlanta, GA
Current Employee - Senior Product Manager in North Atlanta, GA

I have been working at E*TRADE Financial full-time (more than 5 years)

Pros

Many opportunites to grow whithin. One can start at the bottom and with hard work and the right attitude can easily move up to more rewarding positions.

Cons

Compensation could be better. This industry requires talented people to innovate and stay ahead of the curve. Pay seems lower compared to other companies

Advice to ManagementAdvice

Keep the culture as it is and design fairer compensation package throughout the organization. Identify key personnel that keeps the business running and the compensate them based on merit.

307 Other Employee Reviews for E*TRADE Financial (View Most Recent)

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  1.  

    Good Company but needs improvement in several areas

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

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

    Pros

    Hardworking staff, dedicated workforce, Get it done attitude among employees is the backbone of E*TRADE's technology domain. The business and technology teams work hand in hand to deliver award winning products

    Cons

    No work/life balance in this company. Promotions and raises are tough to come by regardless the amount of quality time and effort you put in your job or deliver outstanding results.

    Advice to ManagementAdvice

    Work towards employee retention and creating a better work environment for your employees. Acknowledge the hard work and dedication of your employees by appropriately compensating them for their hard work and result oriented work

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    Stuck behind the pack

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

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

    Pros

    Work culture is generally pretty laid back - very dependant on your branch manager.
    There is a lot of "low hanging fruit" b/c ETRADE customers are not accustomed to having a FC, if you position yourself properly you can gain a lot of credibility with clients.

    Cons

    Equivalent to horse and buggy in terms of investment and sales capability - lack fixed income options in UMA, no to hardly any I shares, not able to speak to ETF's to client's. Your ability to talk to clients is limited to as if you have no licenses or experience with investments. Company does not value experience, accredations or investment knowledge of FC's.
    While the comp plan is supposedly "open ended", your threshold is subject to where your branch is located, with better locations having to produce WAY more. Unfortunately they don't do the same distinguishment with base salary, so your base is the same no matter what location you are in... still can't figure this out, but it makes meeting your day to day bills very difficult if you live in a good location. Also you are paid out a full 2 months after the end of the quarter making cash flow managment very difficult. If you miss a bonus you won't be paid for a full 6 months, base is not enough to support you through this time.
    No addtional benefits to speak of - 2.5% match on 401(k) employee contribution of 5%, NO stock purchase plan (despite being one of the largest ESPP providers), very little to no reimbursement of educational or accrediations, no reason to stay long term leading to high levels of attrition.

    Advice to ManagementAdvice

    Senior Management that was all recently replaced - what are you doing? Communicate with us, give us some hope, inspire us, right now it's so silent it makes us wonder what in the world is going on.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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