TD Ameritrade

www.tdameritrade.com
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Employee Reviews

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  1.  

    TD Ameritrade

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

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

    Pros

    Great culture. Really big into rewards and recognition. They also really empower associates to make decisions. In Omaha they have work out facilities, and it seems like they were always feeding us free lunch.

    Cons

    I found it pretty difficult to move into certain areas of the company. If you wanted to manage people who took phone calls there were opportunities there, but if you didn't there didn't seem to be a lot of choices unless you were willing to take a pay cut.

    Advice to ManagementAdvice

    The only flaw I really think needed addressing is that the variable compensation for people on the phones was a bit Wild West at times. You often had to play games and not close business if you wanted to get paid for your work, meaning you ended up pretending not to be able to help the client because inbound sales roles required you to make a referral to consultants who had the same credentials you had. Some people really exploited this and it didn't end up always being the best thing for the client.

    Recommends
    Approves of CEO
  2.  

    Sales

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

    I worked at TD Ameritrade full-time (more than 8 years)

    Pros

    Sales incentive is robust if you want to do the work. Helping clients and finding solutions for them is rewarding. Lots of locations to move up in your career. Dallas, NJ, Omaha, Chicago, Salt Lake City. Good benefits.

    Cons

    Lean management practices seem to have the branches slowing down versus being more efficient. Had some turnover over the last two years.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 3 people found this helpful  

    Lots of promises, poor pay. Not competitive.

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

    I have been working at TD Ameritrade full-time (more than 10 years)

    Pros

    Good experience working with clients

    Cons

    Poor pay, goals increase and pay does not. Average tenure is 2.5 years, management sees us as worker bees and that we are expendable. The in house products are generic and underperforming vs peers and benchmarks.

    Advice to ManagementAdvice

    Don't forget your employees

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
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  5. 4 people found this helpful  

    All about the numbers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts Associate in Bellevue, NE
    Former Employee - New Accounts Associate in Bellevue, NE

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

    Pros

    Decent pay for those with little to no experience in the workforce. Excellent training programs.

    Cons

    Promotion in responsibility, pay, and/or title is VERY competitive and difficult to acheive. Very regimented workplace with heavy reliance on performance metrics and very little encouragement for creative thinking or process improvement.

    Advice to ManagementAdvice

    You know how to hire intelligent, productive workers. Let them know they are appreciated. The HR and management practices seem to reflect the stock trading industry mentality -- measuring and 'buying/selling' employees like shares of stock. Employees can offer so much more to the bottom line than what you are measuring!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Great if you're young or live in a flyover state

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Jersey City, NJ
    Former Employee - Anonymous Employee in Jersey City, NJ

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

    Pros

    You can't dump on a company for being a low cost producer that grows by acquisition. If you are very high in the chain that's great. Stable company that's not going anywhere.

    Cons

    Your not supporting a family in NYC metro and You're not leveraging this for a job on Wall Street unless you want a quick crash course in functional stuff before heading to a retail job. If you are a liberal arts major from a non target school, probably better to head to a bank branch for a relationship manager job. At least you'll learn to sell. Then head to grad school.

    Advice to ManagementAdvice

    You've built a great company

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  7.  

    AMTD review

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

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

    Pros

    Great associate environment. Committed to community improvement and philanthropy. Generally allows work/life balance flexibility.

    Cons

    Below market salaries and lopsided compensation between executives and other associates. Kool Aid drinkers can be disingenuous and even threatening.

    Advice to ManagementAdvice

    Focus on core competencies and stop reaching. Fighting organic growth trends in derivative demand and focusing on accumulating assets.

    Recommends
    Neutral Outlook
    Approves of CEO
  8. 3 people found this helpful  

    It's all about transferring assets from other companies to TD Ameritrade.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts Associate in Omaha, NE
    Former Employee - New Accounts Associate in Omaha, NE

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

    Pros

    Progressive company that tries to offer decent pay for a hard days work. Very difficult to move from phone positions to management.

    Cons

    Very young average employee age. Only people in their twenties get promoted to manager level. The company is trying to plan for the future by grooming young managers but they overlook qualified people with more experience.

    Advice to ManagementAdvice

    Get back to concentrating on meeting customer needs instead of focusing totally on transferring assets from other brokerages.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  9.  

    Fix the hiring, promote better people

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

    I have been working at TD Ameritrade full-time

    Pros

    Very flexible work life balance

    Cons

    Rotational program needs way better screening, stop hiring people who only know how to answer behavioral questions.

    Advice to ManagementAdvice

    Figure out who is actually doing work and give them the promotions and bonuses they deserve. Why do you think there is currently so much turnover?

    Recommends
    Neutral Outlook
    Approves of CEO
  10. 1 person found this helpful  

    A great place to work

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

    I worked at TD Ameritrade full-time (more than 10 years)

    Pros

    A great place to get deeply involved quickly and terrific work life blance.

    Cons

    Pay tends to be middle of the road. To get a significant increase you may need to move on.

    Advice to ManagementAdvice

    Be sure to compensate top performers inline with competition. You are falling behind.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Intern Experience

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

    I have been working at TD Ameritrade as an intern (less than a year)

    Pros

    Great company culture. Great training and company values.

    Cons

    Would have liked a clearer path that may or may not lead to full employment after graduation.

    Recommends
    Neutral Outlook

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