Scottrade
3.3 of 5 419 reviews
www.scottrade.com Saint Louis, MO 1000 to 5000 Employees

Scottrade Reviews

These reviews contributed towards 2010's Best Places to Work recognition. See ratings and reviews for all time.

39 Employee Reviews
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Review Highlights

Pros:
  • "The work/life balance is great--I never put in longer than an 8-hour day"
    in 37 reviews
  • "It's also a great place for young college grads to get resume experience"
    in 30 reviews
Cons:
  • "no room for advancement unless you want to change your job title and keep doing the same thing"
    in 21 reviews
  • "Small office environment, lack of growth/promotion unless willing to move to St"
    in 18 reviews
  • Show more review highlights

Reviews

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    Great Place to Work

    Intern (Current Employee)
    Eugene, OR

    ProsGreat place to work. Good management and co-workers. The company cares about their employees.

    ConsThere online training programs can be a little too lengthy and boring. But they have good intentions.

    Advice to Senior ManagementNone

    Yes, I would recommend this company to a friend

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    Great learning experience

    Intern (Current Employee)
    Tampa, FL

    ProsGreat learning experience, very fast paced, lots of responsbilities.

    Cons10$ an hour, not many room for advanced unless you want to move to St. Louis Headquarters.

    Advice to Senior ManagementOnly promote people with degrees.

    Yes, I would recommend this company to a friend

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    Good place to get industry experience while still an undergraduate student

    Stockbroker Intern (Current Employee)
    Chesterfield, MO

    ProsFlexible work hours
    Ability to do homework while at work
    Starting Pay: $10.00/hour
    Opportunities for raises every 6 months ($0.50 increments)
    Good job security

    ConsIf you are a hardcore finance major you don't get to use your skills
    Compliance is overbearing and limits client interactions
    No benefits
    Compensation low compared to competitors for college graduates
    Bonuses decreasing

    Advice to Senior ManagementWhile I think Scottrade is a great company my recommendation is critical. Slow your expansion.. Scottrade is growing so quickly it is becoming cumbersome and most importantly its cashflow is not growing proportionally to the growth of the company. This translates to slower pay growth for the full-time employees and degenerating bonuses.

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    An Amazing Company

    Anonymous Employee (Current Employee)

    ProsI love working for Scottrade, they truly foster a family environment and give amazing growth opportunities.

    ConsIf you want to grow within the company it will sometimes require relocation which is hard on family, it makes one sometimes feel as though they can't move up the ranks because they don't want to move.

    Advice to Senior ManagementKeep up the amazing work and great company!

    Yes, I would recommend this company to a friend

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    Review

    Broker (Current Employee)
    Jersey City, NJ

    ProsGood overall company with a good environment.

    ConsLittle room for advancement for a college student.

    Advice to Senior ManagementCreate more opportunity for growth. Expand knowledge of employees in all aspects of securities industry. Implement mandatory Scottrade elite employee seminars.

    Yes, I would recommend this company to a friend

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    Not a Bad Place to work

    Anonymous Employee (Current Employee)

    ProsGood Salary, Good Benefits, Good opportunities

    ConsIT is somewhat of a sweat shop. Private company means you are either inside the circle, or outside

    Advice to Senior ManagementThere are some employees there at a pretty high level that are dishonest, on the take, and lack integrity. This is known, but nothing is done. HR is feared, and is inconsistent, and has a list you don't want to be on

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    Can't move up. No appreciation for hard work.

    Branch Manager (Current Employee)

    ProsEasy work. Mostly friendly people. Benefit package is decent. There is usually a branch near where you live. Honest CEO.

    ConsDealing with the same customers and the same questions day after day gets to you. Growth in company has a cap.

    Advice to Senior ManagementIt's a good and honest company, but the setup limits you as far as how far you can go. Once you're a branch manager, that's it unless you want to uproot your family and move to St. Louis. Hard work goes completely unnoticed and unappreciated.

    No, I would not recommend this company to a friend

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    Great Internship

    Intern (Former Employee)

    ProsScottrade's internship is informative, and useful. Great environment and great training tools. The exposure to the markets is a great thing.

    ConsOnce you are in you do realize that the branches are the lifeblood, and there is little advancement outside of branch manager

    Advice to Senior ManagementThe company is fantastic and it is heading in the right direction, my suggestion would be to have more recruiting from the branches to the home office.

    Yes, I would recommend this company to a friend

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    Good experience

    Intern (Current Employee)

    ProsExcellent place to intern while you are a full time student
    Associates are very friendly and helpful
    Learning environment, I learn something new almost daily

    ConsSimilar to a call center at times- answering phones and making phone calls all day
    Not much job growth

    Advice to Senior ManagementIncrease employee salaries

    Yes, I would recommend this company to a friend

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    Not for the ambitious.

    Stock Broker (Current Employee)
    Cincinnati, OH

    ProsGreat 401k match & satisfactory health insurance. Also reimburse for gym memberships.

    ConsSalary is very low and advancement opportunities are almost non-existent unless you want to relocate to St Louis. Is a great place to work if you like to be mediocre...ambitious & driven employees will be frustrated.

    Advice to Senior ManagementEmpower your branch employees! Give professional employees more flexibility in how they do their job instead of robotic orders from HQ.

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Scottrade – Why Work for Us?

A Brief History of Scottrade Rodger Riney began our company more than 30 years ago with a focus on providing deep discounts along with customer satisfaction to the individual investor. Since then, we have dramatically… Full Overview

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Glassdoor is your free inside look at Scottrade reviews and ratings — including employee satisfaction and approval rating for Scottrade CEO Rodger O. Riney. All 39 reviews posted anonymously by Scottrade employees.