TD Ameritrade Reviews

Updated August 3, 2015
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3.5
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TD Ameritrade President, CEO & Director Fred Tomczyk
Fred Tomczyk
5 Ratings

Pros
  • Work-life balance is good if you want to leave the office promptly at 5 (in 21 reviews)

  • Great benefits outside of salary (in 17 reviews)

Cons
  • Technical side upper management doesn't always know what is going on (in 13 reviews)

  • In our department (Coaching) you are not conservative you might be looked down upon by middle management (in 9 reviews)

More Pros and Cons

8 Employee Reviews

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  1. Great place to work!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager in Chicago, IL
    Current Employee - Manager in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at TD Ameritrade full-time (More than 5 years)

    Pros

    TD goes out of its way for its employees. Time off is encouraged and wages are reviewed to the current market periodically.

    Cons

    Work atmosphere can be a little to enthusiastic at times, but really its not a bad thing.


  2. Helpful (1)

    Investment Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Consultant in Chicago, IL
    Former Employee - Investment Consultant in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at TD Ameritrade full-time (More than 3 years)

    Pros

    You can make a great income as an IC if you have the ability to game the comp plan that changes annually. There are also some great people to partner with in various departments

    Cons

    You live on a quarter to quarter basis, so god forbid you have an accident or get sick or want a vacation you may hurt your chances at year end bonus which is where the big compensation is. You'll want to own stock in the company of you work here as every major budget cut and reduction in your pay via the comp an changes is done for share holders - so be one. Many of your coworkers and managers will be essentially financially illiterate sales people - just ask them - the awnser is always buy more Amerivest!!! There is no room for professional development here unless you want to be a branch manager (you'll probably have to move to get into that role and the open branches are rarely the higher performing ones, thus you will take a pay cut to be inconvenienced and leave your home). The benefits package is weak and the insurance for a family is approx 30% of your base pay.... Sweet!!!

    Advice to Management

    Well I would say start looking out for your employees and pay attention to your insane attrition in the branches - the competition wants your best people and we are ready to move. Wake up...


  3. Company tries hard, but...

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Software Developer in Chicago, IL
    Former Employee - Senior Software Developer in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    Lots of software development expertise on tap, company really does seem focused on being a good place to work. Chicago office is cool in appearance. Free lunches. The overall (as in corporation-wide) culture seems to be focused on employee retention. Bonuses are good.

    Cons

    In my small group, the culture was very controlling, and micromanagement was the norm. Never received any appreciation for my contributions. Management is very old school in their attitudes. Physical comings and goings were noted to the minute, and breaks were not allowed. Yes, really, in this day and age. Chicago is a small well in a big company, but it is a poisoned one, at least, for web developers.

    Advice to Management

    Relax! Stop pushing yourselves and your people so hard. Let them take breaks outside the office; a walk down wonders for productivity. The over-controlling and micromanagement leads to a hostile and toxic workplace.


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  5. Don't work for an acquisition target if you can help it.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Futures Manager in Chicago, IL
    Former Employee - Futures Manager in Chicago, IL
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at TD Ameritrade full-time (More than 5 years)

    Pros

    Company stability. If you're in the upper circle of the chosen you'll be very well compensated. But only those in that upper circle!

    Cons

    Smothered all the good that was thinkorswim. CEO will give himself a 30% pay increase while cutting jobs / freezing others pay. HR would not input my MBA education into the system. Not given the title for the job I was already doing. They seemed to only want an 'outsider'

    Advice to Management

    I'd give advice but it would be redundant to what has already been said. Also, the amount the executives are paid they should know and if not, be able to figure it out. I would have worked with them on those issues while I was employed but since I quit I don't see why I should work for them for free and tell them how to improve.


  6. Pretty decent

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Specialist in Chicago, IL
    Current Employee - Senior Specialist in Chicago, IL
    Recommends
    Positive Outlook

    I have been working at TD Ameritrade full-time (More than 3 years)

    Pros

    Good starting salary, fun environment and great technology. There have been many good and fun paople that have worked here over the years. There are also good education opportunities.

    Cons

    Once in a while, they will come in and take away some of the bonus or perks. Also the location is really not all that close to any good transportation options.

    Advice to Management

    Stability in long term pay structure.


  7. Sr. Business Data Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Business Data Analyst in Chicago, IL
    Former Employee - Senior Business Data Analyst in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at TD Ameritrade full-time (More than a year)

    Pros

    Many opportunities internally to pursue various areas of interest within field of expertise. Community service oriented. Easy access to key leaders. Smart and likable employees.

    Cons

    Large organizations generally require a lot of red tape and paperwork to accomplish simple tasks and this is no exception. HR org. chart governs operational approval hierarchy, which doesn't always make sense in terms of getting a job done the quickest and smartest way possible.


  8. Double Edge

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Broker in Chicago, IL
    Current Employee - Broker in Chicago, IL
    Approves of CEO

    Pros

    Decent benefits and time off. No cold calling, business is there you just have to call and ask for it, but do expect to work for your compensation. The environment with your co-workers is very amicable and you are given ample resources given you have time to read it all.

    Cons

    Very few managers at branches have a good sense of the entire picture. They are not very interested in putting too much time in you (as an investment) for success. Be prepared to be self taught or quick learner or to have hour long meetings about poor performance or 'D' all of the above. Senior management is excellent and are there for you but not all lower management is as equipped.

    Advice to Management

    Be more hands on and familiar with what is going on in your branch/team. Do not try to expect every new employee can be broken at any cost. Better coaching strategies and open minds would go along way, which in turn will reflect on your employees, potentially opening their minds to new ideas and sales strategies.


  9. Helpful (2)

    Great company for clients not employees

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Consultant in Chicago, IL
    Current Employee - Investment Consultant in Chicago, IL
    Doesn't Recommend
    Approves of CEO

    Pros

    firm is in a good position in the industry to grow and is making some changes with regard to it offerings for advice that should really benefit the client

    Cons

    management. pay. smoke and mirrors bonus plan. the company lies to client that we are not paid on commission but in actuality bonuses are directly tie to the products clients buy

    Advice to Management

    less negativity streamline the incentive plan get rid of the excessive amount of qualifiers kicker and make it simple and straight forward standardized. performance standards are too punitive there is too much gray area in almost every aspect of employment at TD Ameritrade



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