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
  • The work/life balance is great--I never put in longer than an 8-hour day (in 48 reviews)

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


Cons
  • Not much room for advancement once you start in the branch (in 22 reviews)

  • Ceiling to your growth unless you move to St Louis (in 19 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Stockbroker in Chicago, IL
    Current Employee - Stockbroker in Chicago, IL

    I have been working at Scottrade

    Pros

    The fact that almost 25 percent of all intern will return to work full time.

    Cons

    Can be boring and repetitive at times.

    Advice to ManagementAdvice

    Keep the good work up

    Recommends
    Approves of CEO
  2.  

    Scottrade Intern

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

    I have been working at Scottrade

    Pros

    The environment is very supportive. Customers are not pressured into anything and seem genuinely satisfied. The workplace is very efficient utilizing a great deal of technology. They are clearly an excellent company inside and out. It is easy to work with a company that has a product as good as Scottrade and they take it a step further by providing the service to back it up. Unlike other online discount brokerages, Scottrade has a huge network of branch offices.

    Cons

    The only downside could be that branches are small, which means that relocation may be necessary for a promotion. The nature of the discount brokerage is not giving specific advice nor interpreting information. This can be difficult for certain personalities because of a tendency to want to help.

    Advice to ManagementAdvice

    I would like to see ways to earn a larger bonus. I like that it has stayed a private company allowing them to run it the way they want.

    Recommends
    Approves of CEO
  3.  

    Good place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Stock Broker in Saint Louis, MO
    Former Employee - Stock Broker in Saint Louis, MO

    I worked at Scottrade

    Pros

    Non threatening and non stressful working environment. if you are placed in a good branch and get lucky to work with nice people it can be a very enjoyable experience

    Cons

    Career Advancement is limited once you become a branch manager. Positions are often take to much time to fill and traveling agents come in for weeks at a time, can be bothersome.

    Advice to ManagementAdvice

    The bonus reward system must be fixed. their is not enough incentive to work hard if you wont be rewarded with it.

    Recommends
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review
  5.  

    Hiring in a down economy

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

    I have been working at Scottrade

    Pros

    One of the few companies experiencing growth in a down economy.

    Cons

    Downsides are not necessarily exclusive to Scottrade.
    Scottrade has experienced tremendous growth over the pas 5 years and they are doing a great job in keeping up with
    the rapid growth.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Approves of CEO
  6.  

    A great career starter, but definitely not where you want to retire.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Stockbroker in San Diego, CA
    Current Employee - Stockbroker in San Diego, CA

    I have been working at Scottrade

    Pros

    Great opportunity. A lot of room to work, but not very much room to get promoted. The atmosphere and employees are great. We definitely believe in high customer satisfaction. Scottrade has won the JD power and associates award in customer service several years in a row. There are many branch offices opening which opens many more positions to fill if you need to relocate.

    Cons

    not very many positions. Trainee, intern, broker, and manager are pretty much it. There are very many branch offices opened, but very minimal amount of employees in each except maybe the corporate side.

    Advice to ManagementAdvice

    This is a great company to start off working for to gain experience, but eventually you may want to branch out to advising or consulting.

    Recommends
    Approves of CEO
  7. 1 person found this helpful  

    honesty

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

    I have been working at Scottrade

    Pros

    mellow environment to work in. low stress and for the most part an easy job once you get a feel.

    Cons

    lack of opportunities to grow and advance individually. vision?

    Advice to ManagementAdvice

    clearer vision for company. better communication of goals and vision of company to lower levels. greater speed in executing improvements and changes--still a small company but moves and changes slower than big companies.

    Recommends
    Approves of CEO
  8.  

    Scottrade offers good pay, good benefits and room for growth.

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

    I have been working at Scottrade

    Pros

    Scottrade offers good pay and good benefits. They are known for promoting from within and are always looking to advance their current employees careers.

    They have some very unique benefits. They will pay part of a gym membership, match charitable donations up to $10,000 and have many contests throughout the year.

    In addition you get generous vacation time starting your first year. Also, Stock Brokers get paid time and half for any time worked over 40 hours.

    Cons

    One of the biggest downsides is that the offices are small (normally two to four people per office). It can make it more difficult to have time off around the holidays.

    Advice to ManagementAdvice

    Keep up the good work.

    Recommends
    Approves of CEO
  9.  

    Good job, not great pay

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

    I have been working at Scottrade

    Pros

    as a stepping stone or if you want to become a manager without waiting 10 years

    Cons

    The pay is not as competitve as it is with other firms

    Advice to ManagementAdvice

    Pay us a little more. change the bonus structure so that it is factored into our pay rather than as a bonus.

    Recommends
    Approves of CEO
  10. 2 people found this helpful  

    Scottrade-A Good 9-5

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

    I have been working at Scottrade

    Pros

    Scottrade provides an excellent work environment. Branches are manned by a small staff and it is easy to build decent working and personal relationships with co-workers. The best part of the job is the people with whome I work. Scottrade is a good stepping stone for career starters. Over the years, we have had 33% of our college interns go on to full-time positions with Scottrade. There are opportunities for advancement from inter to branch manager. There are many positions availabl in the corporate headquaters. Scottrade provides many unexpected perk, like gifts during Christmas. Management is especially generous when we receive the JD Power Award for Excellence which we have several times now.

    Cons

    There are opportunites for advancement it is quite likely that you will have to relocate to take advantage of these. If you want to advance in Corporate you must relocate to St. Louis, MO, enough said. Upper management makes an attempt to micro-manage local branches, it is an annoyance. It also leads to the us and them syndrome and is very 1984. Currently, I am review by my manager nine times per year. Yes, you heard me nine times. This creates a very Orwellian atmosphere. Compensation and benefits are okay. They could be better. Especially benefits like dental which is not a benefit at all but a discout program. Oh, by the way, some genius in human resources though it be a boost to morale if Scottrade would send an annual report to every employee about hom much cost we are to Scottrade to make us all feel better about the meager compensation.

    Advice to ManagementAdvice

    I think a focus on attracting and retaining talent would be in order. It seems that the company focus more on the cheapest labor for the buck and not on staff that can effectively do the job. Many new intiatives for customers are not implement in a thoughtful way. It would pay if we spent a little less on opening branches and more on compensation and benefits. We'll get what we pay for and right now it's not much.

    Recommends
    No opinion 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.