E*TRADE Financial 628 Reviews | Glassdoor

E*TRADE Financial Reviews

Updated March 27, 2017
628 reviews

Filter

Filter

Full-time Part-time

3.0
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
E*TRADE Financial CEO Karl A. Roessner
Karl A. Roessner
11 Ratings

628 Employee Reviews

Sort: Popular Rating Date

Pros
  • nice place to work on with proper work life balance (in 36 reviews)

  • This is a decent place to get the 7 and 63 (in 25 reviews)

Cons
  • Work/life balance is not desirable (in 18 reviews)

  • It's a call center with unsophisticated clients (in 31 reviews)

More Pros and Cons

  1. "Changing directions every year"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at E*TRADE Financial full-time

    Pros

    Depending on which team you are joining, it can be a miss or hit

    Cons

    Now the focus is just business and less on technology


  2. Helpful (4)

    "Sinking Ship or Hidden Turn-Around?"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor
    Former Employee - Financial Advisor
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at E*TRADE Financial full-time (More than 5 years)

    Pros

    No cap on income/bonus - Simply not being lazy can get you to 200k+ within a few years due to retention payouts. Retail offices tend to have similar personalities, making it enjoyable to work in, and the branch managers are for the most part easy to work with and flexible with work/life balance.

    Cons

    Five CEO's in the last six years says it all. The most recent change was a push by the Board of Directors to increase shareholder value (even though it was the best performing financial 2014 & 2015). Except that the incoming leadership was all former disgruntled employees and the new CEO is the former GC. The result is an internal compliance witch-hunt combined with old grudges being settled, and causing an outflow of top talent in multiple fields.
    There's also no possibility of promotion in the current company iteration, or even a change in title. No career progression possibilities.

    Advice to Management

    Decide on whether you want to be an online broker, or a financial services company. And then follow through on it.


  3. Helpful (1)

    "Etrade"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at E*TRADE Financial full-time (More than a year)

    Pros

    They work well with their employees and are very helpful as you get your brokers licenses.

    Cons

    Currently there are no cons that I can think of.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Sr. Financial Services Representative - Stock Plans"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Services Representative in Alpharetta, GA
    Former Employee - Senior Financial Services Representative in Alpharetta, GA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at E*TRADE Financial full-time (More than 3 years)

    Pros

    Get your licenses, valuable experience coming out of college.

    Cons

    Hard to move out of service role without acquiring additional licenses.


  6. Helpful (1)

    "Etrade review"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Software Engineer in Chicago, IL
    Former Employee - Software Engineer in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

    I worked at E*TRADE Financial full-time (More than 3 years)

    Pros

    Good life/work balance and good insurance plan

    Cons

    Big company issues like inefficient communications between different teams and lake of motivations to work.


  7. Helpful (2)

    "Dead End Job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at E*TRADE Financial full-time

    Pros

    * work-life balance
    * convenient location

    Cons

    if you're looking to get promoted, career advancement is non-existent


  8. "Ok Company"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend

    I have been working at E*TRADE Financial full-time

    Pros

    Friendly atmosphere and ability to learn.

    Cons

    No room for advancement. Does not recognized employees who have contributed to the company.


  9. "Phone Job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Pretty decent pay as fresh college grad

    Cons

    On the phone daily, and minimal break

    Advice to Management

    Actually promote top performers


  10. "Phone job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Financial Services Representative in Sandy, UT
    Former Employee - Senior Financial Services Representative in Sandy, UT
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at E*TRADE Financial full-time (More than a year)

    Pros

    Great if you love getting yelled at by customers

    Cons

    Micromanagement. Little room for growth/raises, required overtime regardless of your personal schedule


  11. Helpful (2)

    "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant
    Recommends
    No opinion of CEO

    I have been working at E*TRADE Financial full-time (More than a year)

    Pros

    Best Front End Payout in Brokerage Business.
    Branches are a much nicer environment to work in than a call center.
    Base Pay is about 50-55k with the additional sales comp 100k-200k is achievable

    This is a great opportunity to help clients and get paid well to do it.

    Cons

    Back office operations in general feels very disconnected to the clients.

    The new CEO is a lawyer that specialises in M and A.

    Your best bet is to crush your quota, and be humble. Also keep your ideas to yourself management already knows what they want to do, or not do.

    Advice to Management

    Ask yourself if you use our pro ETCM management solutions. If your answer is no then simply make the changes necessary to earn your business then you will have the competitive advantage over the competition that you are looking for.



Showing 628 of 640 reviews
Reset Filters