Scottrade

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

 

Good Company

Former Employee - Intern
Former Employee - Intern

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

Pros

No Layoffs.
Great People.
Decent pay given how easy the work is.

Cons

Very boring work.
Dealing with clients who shouldn't be driving, much less trading.

Advice to ManagementAdvice

Invest in better trading tools.

Approves of CEO

510 Other Employee Reviews for Scottrade (View Most Recent)

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  1. 1 person found this helpful  

    Striving to be average.

    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Scottrade full-time

    Pros

    They offer a competitive benefits plan including, 401k matching, health, and dental. They want to have a fun work environment.

    Cons

    They are always two step behind the competition when it comes to technological developments.

    Advice to ManagementAdvice

    Adopt the business models of your competitors.

  2. 3 people found this helpful  

    How many BAM's does it take to come up with a new Compensation Plan?

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

    I worked at Scottrade full-time

    Pros

    Easy job
    No Layoffs
    Nice coworkers

    Cons

    Low pay
    Boring job
    No Layoffs for the competent and unfortunately also the incompetent
    No incentive to "go above and beyond."
    HR attends a seminar, skims the titles of a motivational book, then draws up Mary's thoughts in crayon; which are then publicized on the Insider for employees to read.
    Scottrade's current view of their ideal client is laughable.

    Advice to ManagementAdvice

    1. Hire an outside firm to draw up a competitive compensation plan
    2. Give employees a 2-4 quarters to adjust to said compensation plan
    3. Layoff employees that are poor performers
    4. Compensate employees who are above average performers
    5. Consolidate under performing and under utilized branches by actually utilizing Siebel applications and tracking walk-in/call flow activities
    6. Get rid of the useless layer of management known as the BAM's
    7. Reduce options commissions
    8. Increase vacation time

    If they want any more advice they are going to have to pay me as a consultant.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
There are newer employer reviews for Scottrade

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