Scottrade

  www.scottrade.com
  www.scottrade.com
There are newer employer reviews for Scottrade

 

One of the best internship opportunities.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Branch Intern in Largo, FL
Former Employee - Branch Intern in Largo, FL

I worked at Scottrade as an intern (less than an year)

Pros

Scottrade is very flexible with your school schedule when interning. You make $10 an hour with opportunity for raise at 6 months employment. You will work no later than 5pm. No experience with the stock market is necessary for employment and you will learn a lot about investing post interning.

Cons

Opportunity for growth is difficult at the branch level after internship, but moving to St Louis or Denver for jobs at HQ is possible.

Advice to ManagementAdvice

Management at the branch level is excellent!

Recommends
Neutral Outlook
No opinion of CEO

511 Other Employee Reviews for Scottrade (View Most Recent)

Sort: Rating Date
  1. 4 people found this helpful  

    Make Believe Business

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Stock Broker in New York, NY
    Current Employee - Stock Broker in New York, NY

    I have been working at Scottrade full-time (more than an year)

    Pros

    Steady paycheck with decent benefits Such as:
    50% Reimbursement for graduate school
    50% 401k match
    Decent health insurance plan

    Cons

    Backward conservative view on business
    All upper management or executives justify their exsistance here by creating some "campaign" which only increases the annoyance factor to clients who don't want to be contacted
    The pay is WAY below industry standards and if they want to become a more competitive brokerage firm they need to COMPENSATE for performance and asset gathering. Besides Upper and middle management justifying their exsistance, everyone else that works here is overly arrogant, thinking that what they do will actually make a difference. Maybe the arrogance comes from the title stockbroker when they actually are just customer service representatives.
    Going above and beyond at scottrade will either get you in trouble, fired, or blackballed. If you want a steady paycheck and a job where you actually work 15 minutes a day, work here and do nothing extra and of course try and stay out of the spotlight. DO NOT DO ANYTHING EXTRA FOR ANY CLIENT.
    Also no career advancement unless willing to move to St Louis.
    Bottom line is, it is very hard to keep your sanity at this job, but if you can do it then you'll have a nice modest decent career here as long as the company is finanially sustainable, because they don't fire anyone, competent or incompetent.

    Advice to ManagementAdvice

    It's time to pass on the company to someone with business knowledge. The conservative approach might've worked in the past but will ultimately lead to scottrades downfall if nothing is done. How can you compensate a stockbroker with candy popcorn and dress down day and expect employees to take the job seriously.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2.  

    Great work environment... but you better get used to it.

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

    I worked at Scottrade full-time (less than an year)

    Pros

    -Management is understanding
    -Great work environment
    -Great benefits
    -You get bonuses (despite being a little low in value)
    -Great training program
    -Decent pay for entry level positions
    -The company's HQ is very helpful and friendly and is happy to assist branch associates where needed
    -Great customers

    Cons

    -Growth is extremely limited at the branch
     unless you want to St. Louis (where HQ is)

    Intern>broker assist>stockbroker>senior stockbroker>manager(extremely hard to get due to scarce open positions for manager)

    After you reach manager, in order to advance your career you must move to St. Louis...

    -Some bad seeds in pool of customers

    Advice to ManagementAdvice

    It's a great company with a great culture but please

    Split HQ into some regional offices to provide better career advancement opportunities for your employees!

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Scottrade

Work at Scottrade? Share Your Experiences

Scottrade

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.