Scottrade

  www.scottrade.com
  www.scottrade.com

Scottrade Reviews

These reviews contributed towards 2010's Best Places to Work recognition. See ratings and reviews for all time.
42 Reviews
3.7
42 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
42 Ratings

Review Highlights

Pros
  • They do allow for a work/life balance that was much better than my previous employer (in 51 reviews)

  • It's also a great place for young college grads to get resume experience (in 32 reviews)


Cons
  • no room for advancement unless you want to change your job title and keep doing the same thing (in 23 reviews)

  • Politics, no room for growth - you're either a broker or a branch manager unless you want to move to St (in 20 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Intern in Eugene, OR
    Current Employee - Intern in Eugene, OR

    I have been working at Scottrade

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    None

    Recommends
    Approves of CEO
  2.  

    Good place to get industry experience while still an undergraduate student

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Stockbroker Intern in Chesterfield, MO
    Current Employee - Stockbroker Intern in Chesterfield, MO

    I have been working at Scottrade

    Pros

    Flexible 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

    Cons

    If 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 ManagementAdvice

    While 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.

    Approves of CEO
  3.  

    Great learning experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Intern in Tampa, FL
    Current Employee - Intern in Tampa, FL

    I have been working at Scottrade

    Pros

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

    Cons

    10$ an hour, not many room for advanced unless you want to move to St. Louis Headquarters.

    Advice to ManagementAdvice

    Only promote people with degrees.

    Recommends
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Broker in Jersey City, NJ
    Current Employee - Broker in Jersey City, NJ

    I have been working at Scottrade

    Pros

    Good overall company with a good environment.

    Cons

    Little room for advancement for a college student.

    Advice to ManagementAdvice

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

    Recommends
    Approves of CEO
  6.  

    An Amazing Company

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

    I have been working at Scottrade

    Pros

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

    Cons

    If 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 ManagementAdvice

    Keep up the amazing work and great company!

    Recommends
    Approves of CEO
  7.  

    Not a Bad Place to work

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

    I have been working at Scottrade

    Pros

    Good Salary, Good Benefits, Good opportunities

    Cons

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

    Advice to ManagementAdvice

    There 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

    Approves of CEO
  8.  

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

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Branch Manager
    Current Employee - Branch Manager

    I have been working at Scottrade

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    It'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.

    Doesn't Recommend
    Approves of CEO
  9.  

    Not for the ambitious.

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

    I have been working at Scottrade

    Pros

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

    Cons

    Salary 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 ManagementAdvice

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

    Approves of CEO
  10.  

    Great Internship

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

    I worked at Scottrade

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    The 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.

    Recommends
    Approves of CEO
  11.  

    Good experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Intern
    Current Employee - Intern

    I have been working at Scottrade

    Pros

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

    Cons

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

    Advice to ManagementAdvice

    Increase employee salaries

    Recommends
    Approves of CEO

Work at Scottrade? Share Your Experiences

Scottrade

 
Click to Rate
or

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