Scottrade

www.scottrade.com
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Great place to learn about the financial industry

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Intern in Austin, TX
Former Employee - Intern in Austin, TX

I worked at Scottrade

Pros

Flexible scheduling, competitive pay, great place to learn

Cons

Customers are rude, interns are used on the front lines

Advice to ManagementAdvice

Branch manager had not gone to school for finance

No opinion of CEO

559 Other Employee Reviews for Scottrade (View Most Recent)

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  1. 4 people found this helpful  

    Best Company To Work For. Really?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Saint Louis, MO
    Current Employee - Anonymous Employee in Saint Louis, MO

    I have been working at Scottrade

    Pros

    Scottrade is a great example of entrepreneurism and captialism in America
    Scottrade was started by Rodger Riney in the 1980 and has grown into a great success story
    Scottrade is truly focused on making the best product available to their retail customers
    Scottrade really knows how to throw a party and plan events for its employees
    Scottrade is an excellent corporate citizen as demonstrated by its support of Cancer, Alzehiemer, and United Way
    Scottrade has a great on-boarding program for new hires

    Cons

    Scottrade's policy for promotion, advancement and fair treatment in the workplace is elusive for the average employee; it depends if you fall into the "favorite" group
    Executive, Senior, middle management and Supervisors are allowed to berat their employees in front of others and alone (no profanity used), blame and bully their employees
    The average employee has no voice with management or HR if a dispute/disagreement arises unless you are a "favorite"
    Favoritism is a huge factor on who receives information
    Three months is enough time to determine if you will fall into the "favorite" group or not. If you are deemed a favorite, Congratulations!
    If you are told your job performance is bad this could really mean "we do not want you here"; start looking for other opportunities because management will ensure your performance is bad, even if
    they have to fudge a little on the details.
    It is not uncommon for professionals to be micro-managed to the point of being treated like a clerical person unless you are a "favorite"

    Advice to ManagementAdvice

    Please consider treating ALL employees fairly and with mutual respect, your employees are comitted to Scottrade's success. Open respectful communication is a key success factor as Scottrade continues to meet and exceed the needs of its customers.

    Approves of CEO
  2. 2 people found this helpful  

    Limited room for advancement.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Stock Broker in Houston, TX
    Current Employee - Stock Broker in Houston, TX

    I have been working at Scottrade

    Pros

    Branch offices are a very convenient location to work at.

    Cons

    Brokers are very limited in what they can actually do for clients. You can at times feel worthless as you watch clients investment in many assortments of penny stocks. Since you get to make investment recommendations, it can be very difficult to describe the advantages of having a Scottrade account. Also, unless you plan on becoming a branch manager, there is very little room for advancement.

    Advice to ManagementAdvice

    Change the business from the top down. Begin offering advice and/or portfolio tools for clients.

    Approves of CEO
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