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E*TRADE Financial

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E*TRADE Financial

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E*TRADE Financial Reviews

Updated Sep 14, 2021

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Found 1,202 of over 1,255 reviews

4.0
79%
Recommend to a Friend
84%
Approve of CEO
E*TRADE Financial CEO Michael Pizzi
Michael Pizzi
122 Ratings
Pros
  • "Solid work life balance / work from home policy(in 63 reviews)

  • "They pay for you to attend training to complete series 7 and 63 licenses(in 56 reviews)

  • Cons
  • "Office politics are very prevalent especially for upper management(in 29 reviews)

  • "Little to no recognition from senior management(in 26 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    1. 5.0
      Former Employee

      Great company culture

      Mar 29, 2021 - AFSR in Grand Rapids, MI
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great culture, that focuses on your growth.

      Cons

      Tough industry, so it's great to have a wonderful team.

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    2. 1.0
      Former Employee, less than 1 year

      Prepare to be Strung Along

      Sep 8, 2021 - Associate Financial Services Representative in Sandy, UT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Friendly and well rounded trainers for series licensing.

      Cons

      You will be coated with reasons and “benefits” to be in the position as you’re on boarding the position. Make sure you look deep into what you’re getting into. Total miscommunication with pay raises as licensing is passed. True job description should be plain and simple - a call center with non flexible shifts. If you want to work strict hourly shifts taking inbound calls then this is for you. But if you want to feel like you have some sort of freedom and say within your role then I advise to find something else. Especially if you hold a bachelors in any business related field such as finance or economics. No room for movement within the role as well. Pay is below par for the amount of stressful call center duty that you get into. They literally tell you that it’s okay to take a few minutes after a call to walk away from your computer and “scream” if you handle a few bad calls. So I guess if you’re up for the challenge to be soaked into such a job then this is for you! If not, then I say get your licensing and find somewhere else.

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    3. 4.0
      Former Employee, more than 1 year

      Good culture, too focused on referrals

      Sep 9, 2021 - Senior Financial Services Representative in Sandy, UT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Employees were all great to work with and the training is the best I’ve ever had with any company. Studying for the licensing exams was long but the company made it easy to learn everything. They really help you learn your roles and there is always help from supervisors if needed.

      Cons

      Managers care so much about getting referrals sent to the consultants regardless of if the referrals were any good. It seemed like that was the primary focused and your job depended on it.

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    4. 3.0
      Former Employee, more than 3 years

      Soon to be a referral consultant

      Sep 1, 2021 - Financial Consultant in Branch, AR
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Become a referral machine or an asset gatherer and make a very good wage. Very little use of licenses required because compensation structure is focused / aligned toward previous point. Focus on E*TRADE's goals and you'll do well financially. Morgan Stanley has great benefits.

      Cons

      Morgan Stanley has placed a lot of focus on Morgan Stanley financial advisors to current E*TRADE clients. All marketing campaigns advertise MS FAs to E*TRADE clients, however E*TRADE FCs were never advertised to clients before or after the acquisition. E*TRADE FCs are now compensated to be referral machines. The writing is on the wall when the generous NNA comp grid is reduced. The writing is really on the wall when the segmentation starts. It has started in a hybrid manner... No path forward for FCs has ever been announced.

      1 person found this review helpful
    5. 5.0
      Current Employee, more than 1 year

      Good overall

      Sep 9, 2021 - Financial Services Representative in Alpharetta, GA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great culture Great people Good job Excellent foot in the door for financial services Hours can be flexible with different shift opportunities Overtime is really easy to get if you want to make more, almost guaranteed if you ask for it

      Cons

      Call Center Metrics can be a bit annoying

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    6. 5.0
      Current Employee, more than 3 years

      The merger with MS is a win-win

      Jul 29, 2021 - Financial Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - very competitive compensation plan - good benefit package - ample vacation/sick time off - good work environment - The ability to leverage Morgan Stanley has been a big plus

      Cons

      - the client base is much different than at Fido, Schwab - It is a sales job. You have to roll with the punches sometimes

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      1 person found this review helpful
    7. 5.0
      Current Employee, more than 1 year

      Lots of opportunity

      Sep 11, 2021 - Anonymous Employee 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Advancement opportunity endless. Hiring for lots of position

      Cons

      Hard work but is rewarding.

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    8. 4.0
      Current Employee, more than 5 years

      Now part of Morgan Stanley

      Aug 31, 2021 - Financial Consultant 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Great benefits, work environment & compensation.

      Cons

      Slowly merging with Morgan Stanley which is imposing their older wealth management approach to investors which is not the sometimes fully online E*TRADE way.

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    9. 3.0
      Former Employee, less than 1 year

      Only Apply For This If You Can Handle It

      Sep 10, 2021 - Customer Service Representative 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      - learning about the finance industry - helping people understand stocks and finances

      Cons

      - very stressful and lack of work life balance - you can only grow if your really want to, if not you will stay where you are. If you are not passionate abut becoming a financial professional, please do not put yourself through it.

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    10. 4.0
      Current Employee, less than 1 year

      Solid company not sure about transition with MS

      Jul 29, 2021 - Associate Financial Representative in Sandy, UT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      A lot of great people, training, and knowledge prep to increase skill sets. I appreciated being able to work with other teams to learn more about specialized roles.

      Cons

      Merger may be causing headaches. After commission cut-they immediately laid off the tenured employees (extremely quietly). Clients are generally psychotic day traders or people who have no idea what’s going on. I would argue some managers didn’t even know what was going on in reality of markets too. You are way far from them and get no briefings but are expected to answer questions about or regarding such in an instant.

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      1 person found this review helpful
    Viewing 1 - 10 of 1,202 Reviews

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