E*TRADE Financial Reviews | Glassdoor

E*TRADE Financial Reviews

Updated October 7, 2017
181 reviews

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4.0
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E*TRADE Financial CEO Karl A. Roessner
Karl A. Roessner
10 Ratings

181 Employee Reviews

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Pros
  • The work/life balance is the best I've experienced in my career (in 43 reviews)

  • This is a decent place to get the 7 and 63 (in 26 reviews)

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

  • Inbound call center, so performance metrics are highly monitored (in 36 reviews)

More Pros and Cons

  1. "Good Place to start when you want to get out Traditional Banking"

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

    I have been working at E*TRADE Financial full-time (More than 3 years)

    Pros

    Started off at 39,998. Received a raise each year, plus 1 promotion. current base is 25% annually than base. Quick increase in pay. Receive cash bonuses and hourly raises in Feb each year.
    You can move to a different or FC easily after a year or sometimes less if you perform well after a few quarters.

    Cons

    Overtime hasn't been available for about a year. Siginicantly reduced take home, when I was used to Overtime for 3 years. 2016 gross was $77,000 with Overtime.


  2. "E*TRADE"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Executive Platinum Relationship Manager in Alpharetta, GA
    Current Employee - Executive Platinum Relationship Manager in Alpharetta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    Fast upward mobility if you have the drive to get there. Most are just happy punching the clock and taking their paycheck so it's easy to fly by your competitors if you want. Great environment for starting in the industry and getting a grasp on the markets.

    Cons

    Off hour shifts can be a problem for some. More bonus and stock opportunities would be nice. Office is pretty outdated and some new desks/chairs would be a great addition. Also an office in buckhead or midtown would be great since most of the staff is younger and live in these areas.

    Advice to Management

    You should listen to the reps on the phone and take more of what they say into consideration when changing a firm policy or system in use. Also an stock plan such as ESPP or RSU could be a good incentive for employees to perform better and retain employees.

  3. "E*Trade"

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

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

    Pros

    Coworkers are all awesome and great to work with

    Cons

    Not any that I can think of


  4. "Advanced Trading Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Advanced Trading Specialist in Sandy, UT
    Current Employee - Advanced Trading Specialist in Sandy, UT
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at E*TRADE Financial full-time (More than 3 years)

    Pros

    Good benefits, casual dress

    Cons

    Needing better 401k match, has a VERY low 401k match

    Advice to Management

    Better 401k match


  5. "database engineer"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Database Engineer
    Former Employee - Database Engineer
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    team is great, bonus, remote work, flexibility, great benefits

    Cons

    pay is not competitive, very top heavy so promotion is hard.

    Advice to Management

    promote those who are creative and eager to make a big difference. Guys who been there too long has less creativity, just there for the money due to tenure.


  6. "a fairly good place to get experience"

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

    I worked at E*TRADE Financial full-time

    Pros

    a fairly good place to get experience

    Cons

    sometimes will get some boring work


  7. Helpful (2)

    "Financial Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in New York, NY
    Current Employee - Financial Consultant in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Some of the best benefits in the industry

    Cons

    High Executive turnover so direction of the company is vague and ever changing

    Advice to Management

    Compensation is confusing to track and inaccurate... Sales should focus on Business development and not have to worry about receiving their accurate compensation.

  8. Helpful (3)

    "Relationship Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Relationship Manager in Alpharetta, GA
    Current Employee - Relationship Manager in Alpharetta, GA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at E*TRADE Financial full-time (More than 3 years)

    Pros

    -Pay is above average. Unlike some of our competitors, firm doesn't play hardball or negotiate in bad faith with its talent.
    -Role provides flexible schedule and ability to work remotely.
    -Colleagues are both skilled and collaborative.

    Cons

    -Coming off a year of instability due to turnover in various roles.
    -Benefits are average at best.
    -Leadership could do a better job of communicating their vision.

    Advice to Management

    -Our long term clients are our lifeblood. Let's make sure we do right by them by providing stability, proficiency, and consistency.


  9. Helpful (1)

    "Great company, god culture, good benefits"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Large-Market Senior Service Manager in Alpharetta, GA
    Current Employee - Large-Market Senior Service Manager in Alpharetta, GA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at E*TRADE Financial full-time (More than 5 years)

    Pros

    Love the culture and people I get to work with. Company benefits package is above par - health insurance, paid parental leave for both parents, 75% match on 401k, etc.

    Cons

    Salary info is. It public but after a while you start to find out things here and there. Outside hires seem to get hired it with higher salaries than internal promotions for the same position.
    Also, not everyone gets the opportunity to receive or participate in equity programs.

    Advice to Management

    Every so often salaries should be balanced based on title, tenure, and performance. If your top performer is the lowest paid member of his or her team it incentivized that person to look elsewhere for work.


  10. "Review"

    StarStarStarStarStar
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at E*TRADE Financial full-time

    Pros

    Great company with lots of room to grow if you want to be successful. Awesome management and co workers

    Cons

    Come ready to work and learn. No cons, it's a job and if you like stocks then it's a good place to start definitely

    Advice to Management

    I have no advice for management. I thought the company did an amazing job and loved to work there on a daily basis


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