Scottrade Reviews

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 Senior Management – None

Yes, I would recommend this company to a friend

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 Senior Management – 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.

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 Senior Management – Only promote people with degrees.

Yes, I would recommend this company to a friend

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 Senior Management – Create 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

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 Senior Management – Keep up the amazing work and great company!

Yes, I would recommend this company to a friend

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 Senior Management – 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

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 Senior Management – 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.

No, I would not recommend this company to a friend

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 Senior Management – 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.

Yes, I would recommend this company to a friend

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 Senior Management – Increase employee salaries

Yes, I would recommend this company to a friend

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