Scottrade - Striving to be average. | Glassdoor
There are newer employer reviews for Scottrade
There are newer employer reviews for Scottrade

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Helpful (3)

"Striving to be average."

Star Star Star Star Star
  • Career Opportunities
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee

I have been working at Scottrade full-time

Pros

They offer a competitive benefits plan including, 401k matching, health, and dental. They want to have a fun work environment.

Cons

They are always two step behind the competition when it comes to technological developments.

Advice to Management

Adopt the business models of your competitors.

Other Employee Reviews for Scottrade

  1. Helpful (4)

    "How many BAM's does it take to come up with a new Compensation Plan?"

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

    I worked at Scottrade full-time

    Pros

    Easy job
    No Layoffs
    Nice coworkers

    Cons

    Low pay
    Boring job
    No Layoffs for the competent and unfortunately also the incompetent
    No incentive to "go above and beyond."
    HR attends a seminar, skims the titles of a motivational book, then draws up Mary's thoughts in crayon; which are then publicized on the Insider for employees to read.
    Scottrade's current view of their ideal client is laughable.

    Advice to Management

    1. Hire an outside firm to draw up a competitive compensation plan
    2. Give employees a 2-4 quarters to adjust to said compensation plan
    3. Layoff employees that are poor performers
    4. Compensate employees who are above average performers
    5. Consolidate under performing and under utilized branches by actually utilizing Siebel applications and tracking walk-in/call flow activities
    6. Get rid of the useless layer of management known as the BAM's
    7. Reduce options commissions
    8. Increase vacation time

    If they want any more advice they are going to have to pay me as a consultant.


  2. "So far so good"

    Star Star Star Star Star
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Bonus. Not manually demanding labor. CEO I'm proud to work for

    Cons

    Vacation is lackluster and once it's gone it's gone. BA is still a layer I don't quite yet see the real value. Lots of wasted money thrown around

    Advice to Management

    I hear from a lot of long timers how great it was with rodger in charge. Less waste. Less nonsense. Trust that used to be instilled in the branch that isn't there anymore. Get back to lean and mean.

There are newer employer reviews for Scottrade
There are newer employer reviews for Scottrade

See Most Recent

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