Scottrade Reviews

Updated September 22, 2014
Updated September 22, 2014
442 Reviews
2.8
442 Reviews
Rating Trends

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Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
358 Ratings

Review Highlights

Pros
  • The work/life balance is great--I never put in longer than an 8-hour day (in 40 reviews)

  • It's also a great place for young college grads to get resume experience (in 30 reviews)


Cons
  • Small office environment, lack of growth/promotion unless willing to move to St (in 25 reviews)

  • no room for advancement unless you want to change your job title and keep doing the same thing (in 21 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Difficult

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

    I have been working at Scottrade

    Pros

    My branch manager is an awesome guy that has helped me be a better broker and genuinely cares about my development. Pay has gotten better somewhat.

    Cons

    Middle management generally useless and have no idea what goes on in the branch. Company now wants us to focus on selling the company and guidance solutions on top of all of the incoming calls and walk-ins. Everything that a client needs is effectively done by the branch. Everything you do has to be documented or it is assumed by your regional manger that you are doing nothing. Regional managers have nothing to offer other than complaints. Computers systems are very slow. We have to enhance our computer systems to match the growth in clientele. Everything done Halfway. If you spend time with a client without additional money to bring in, whether he has $500 or $5 mil it is essentially wasted time from the upper
    Management standpoint. This is going to eventually lead to a lot of poor service and a loss of business. The support departments in STL have problems communicating with the branch. You can ask a yes or no question in an email and the answer will be "maybe". Support departments cannot contact the clientele without irritating them.

    Advice to ManagementAdvice

    Figure out a way to maintain the morals of Scottrade and grow like Schwab or BAC. TD Ameritrade is not the stellar industry model you think it is. Consider a bonus on retaining assets.

    Approves of CEO
  2.  

    A company that respects and takes care of it's employees.

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

    I worked at Scottrade full-time for more than a year

    Pros

    Scottrade is truly a company that looks out for it's employees. I think this view comes down from the top so as long as Roger is around I would think it will continue to be a good company to work for.

    Cons

    If you are working in a branch your opportunity for advancement is limited. The pay is somewhat limited but that is changing because the branch offices are moving more into sales.

    Advice to ManagementAdvice

    Management is great, I just hope they don't try and change themselves to much in the next couple of years. There are few companies that have such high values and I would hate to see this go away.

    Recommends
    Positive Outlook
    Approves of CEO
  3.  

    Amazing job for a recent grad after the internship!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Consultant
    Current Employee - Investment Consultant

    I have been working at Scottrade full-time for more than 3 years

    Pros

    Great work/life balance, amazing learning resources, and good opportunities to make money. Management sets you up to succeed in any change they make. The only way to fail with this company is to slack off and think they'll pay you for nothing.

    Cons

    It's tough to think of many cons. There are constantly changing metrics to focus on as the company changes its focus. Policy and software changes take a few days to get used to.

    Advice to ManagementAdvice

    Keep up the amazing work!

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    I learned what it was like to work in a corporate environment, as well as use critical thinking to accomplish a task.

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

    I have been working at Scottrade as an intern for less than a year

    Pros

    Management is friendly and knowledgeable.

    Cons

    I only worked there a few months as an intern, so I don't have any cons

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Busy, fun, lots of learning opportunities and nice benefits.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Back Office Analyst  in  Saint Louis, MO
    Current Employee - Back Office Analyst in Saint Louis, MO

    I have been working at Scottrade full-time for more than a year

    Pros

    Benefits, work environment, the company does a good job of valuing your contribution through workplace programs, good benefits, and bonuses, but...

    Cons

    Salaries seem on the low side, but it's hard to compare due to the perks and benefits.

    Advice to ManagementAdvice

    None, keep doing what you're doing, but try to get IT out of silos and cooperating better, both with each other and the business end of the company.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Scottrade is a great company!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Service Representative  in  Saint-Louis (Reunion)
    Current Employee - Financial Service Representative in Saint-Louis (Reunion)

    I have been working at Scottrade full-time for more than 5 years

    Pros

    They encourage you to learn and recognize your efforts.

    Cons

    They don't pay as well as others. The Service Center is becoming to structured.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    It was a great learning experience

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

    I worked at Scottrade

    Pros

    It is one of the best places to work. Employee perks, prizes, gifts are great bonus. There is room for advancement if you are willing to move to other locations in the country.

    Cons

    Small branch size, there may be more coworkers at the corporate level but in branches there are only 2-5.

    Advice to ManagementAdvice

    Don't let the small branch size hinder employees from advancement.

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Great place to gain experience!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Brokerage Intern  in  Knoxville, TN
    Former Employee - Brokerage Intern in Knoxville, TN

    I worked at Scottrade as an intern for more than a year

    Pros

    Great branch manager, laid back atmosphere, great training program

    Cons

    Interns do not get much responsibility due to regulations

    Advice to ManagementAdvice

    Keep up the great work

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Branch Intern

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

    I worked at Scottrade as an intern for more than a year

    Pros

    great atmosphere; great team environment; down to earth people; all encouraging; high learning curve (good because you'll learn something everyday and not end up complacent); set work schedule (i was limited to 25hr/wk, so i just worked 8hr days, 3x a week)

    Cons

    employees informed me that they use about 10% (if that) of knowledge from their series 66 license, which told me that it's far from I.B. or anything like wall st. bad boys (not that theyre on the same level to begin with, of course). not so much con to be honest bc as an intern, you learn almost everything a broker (now called investment consultant) does minus place trades, talk about certain topics (i.e. margin, options, sign-off on paperwork).

    Advice to ManagementAdvice

    close the bridge between branch and HQ (there's currently no room for growth since it's either be at the branch or end up in St. Louis for HQ positions)

    Positive Outlook
    Approves of CEO
  11.  

    Great internship experience

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

    I have been working at Scottrade as an intern for more than a year

    Pros

    Introduced me to the financial services industry. There was regular performance feedback. The managers were nice and competent. Overall a very good experience.

    Cons

    As an intern, I had to do more administrative work than I would have liked, but the training programs definitely made up for it.

    Recommends
    Neutral Outlook
    Approves of CEO

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