Scottrade Reviews | Glassdoor

Scottrade Reviews

Updated October 19, 2017
1,011 reviews

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2.9
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Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
731 Ratings

1,011 Employee Reviews

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Pros
  • Work/Life Balance is a great perk (in 137 reviews)

  • Good people, 401k match is amazing (in 60 reviews)

Cons
  • no room for advancement without relocating (in 31 reviews)

  • Slim chances of full time employment unless you move to St Louis (in 29 reviews)

More Pros and Cons

  1. "Scottrade offers good pay, good benefits and room for growth."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stock Broker
    Current Employee - Stock Broker
    Recommends
    Approves of CEO

    Pros

    Scottrade offers good pay and good benefits. They are known for promoting from within and are always looking to advance their current employees careers.

    They have some very unique benefits. They will pay part of a gym membership, match charitable donations up to $10,000 and have many contests throughout the year.

    In addition you get generous vacation time starting your first year. Also, Stock Brokers get paid time and half for any time worked over 40 hours.

    Cons

    One of the biggest downsides is that the offices are small (normally two to four people per office). It can make it more difficult to have time off around the holidays.

    Advice to Management

    Keep up the good work.


  2. "Scottrade Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stockbroker
    Current Employee - Stockbroker
    Recommends
    Approves of CEO

    Pros

    The environment is very supportive. Customers are not pressured into anything and seem genuinely satisfied. The workplace is very efficient utilizing a great deal of technology. They are clearly an excellent company inside and out. It is easy to work with a company that has a product as good as Scottrade and they take it a step further by providing the service to back it up. Unlike other online discount brokerages, Scottrade has a huge network of branch offices.

    Cons

    The only downside could be that branches are small, which means that relocation may be necessary for a promotion. The nature of the discount brokerage is not giving specific advice nor interpreting information. This can be difficult for certain personalities because of a tendency to want to help.

    Advice to Management

    I would like to see ways to earn a larger bonus. I like that it has stayed a private company allowing them to run it the way they want.

  3. "Great Job"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Stockbroker in Chicago, IL
    Current Employee - Stockbroker in Chicago, IL
    Recommends
    Approves of CEO

    Pros

    The fact that almost 25 percent of all intern will return to work full time.

    Cons

    Can be boring and repetitive at times.

    Advice to Management

    Keep the good work up


  4. Helpful (1)

    "A solid reputable company!"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - HQ Associate
    Current Employee - HQ Associate
    Recommends
    Approves of CEO

    Pros

    Strong, clear vision of the future. There have never been lay-offs, the benefits are always improving, Rodger and other executives really care about the employees. There is good opportunity for growth in the Home Office and we are encouraged to keep learning. A common thing you will hear is that everyone is 'nice'. The culture is family oriented and people like their colleagues.

    Cons

    As long as you can keep up with change, this is an awesome company to work for. If you are flexible, not afraid to take initiative, humble and hard working and you will be rewarded for it.

    Advice to Management

    Thank you for caring and helping to make Scottrade a secure, positive environment to work in.


  5. "Scottrade is the best company I have ever worked for"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Office Assistant in Naples, FL
    Current Employee - Financial Office Assistant in Naples, FL
    Recommends
    Approves of CEO

    Pros

    Great opportunity for growth and development
    Understands the importance of work and family balance
    Concerned with our health and overall well being

    Cons

    Honestly I can't think of any. My experience so far has been excellent and I have had nothing but good interactions with all employees

    Advice to Management

    Overall I am very satisfied and greatful to be an employee of Scottrade. I cannot say enough about how understanding and caring my manager and the human resources department have been with me having to work while pregnant, during my maternity leave, and now working full time with 2 kids. They truly value the importance of family, which really makes me happy.


  6. "great place to work. very family friendly"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Eagan, MN
    Current Employee - Anonymous Employee in Eagan, MN
    Recommends
    Approves of CEO

    Pros

    they promote from within whenever possible

    Cons

    nothing really. Probably pays lower than other investment firms.

    Advice to Management

    keep promoting from within. It will continue to strength the power of the employees.


  7. "Fantastic Internship that launched my career"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Intern
    Former Employee - Intern
    Recommends
    Approves of CEO

    Pros

    -A terrific internship for someone interested in working in the brokerage/investments field
    -Get a very large amount of experience interacting with clients in person and over the phone
    -Learn the ins and outs of the brokerage industry
    -Work along side licensed brokers
    -Great hands on training from brokers and branch manager
    -They pay very well for an internship
    -A large amount of openings in branch offices across the country
    -Great opportunity for college students

    Cons

    -The full time salaries offered to employees are not great
    -In a small office with 2-3 other people (you better like who you work with)

    Advice to Management

    This internship did wonders for my career in financial services. You guys pay a lot of attention to your interns and show them a tremendous amount of respect...bravo!

  8. "Scottrade"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    A fast-growing company that is still small enough to provide many opportunities, many of which are yet to come, yet already large enough to provide room to grow laterally. The man at the top, Rodger Riney, is clearly someone who cares.

    Cons

    Fast growth can mean the promotion of those not yet ready or not well suited for a promotion, and limited resources mean it requires patience and an understanding of prioritizing to wait for changes and improvements.

    Advice to Management

    Be very careful to ensure that managers are not only leaders but truly care about customers, employees and the firm.


  9. "An Amazing Company"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    Pros

    I love working for Scottrade, they truly foster a family environment and give amazing growth opportunities.

    Cons

    If you want to grow within the company it will sometimes require relocation which is hard on family, it makes one sometimes feel as though they can't move up the ranks because they don't want to move.

    Advice to Management

    Keep up the amazing work and great company!


  10. "Great place to learn."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Service Center Stockbroker in Saint Louis, MO
    Current Employee - Service Center Stockbroker in Saint Louis, MO
    Recommends
    Approves of CEO

    Pros

    Great place to learn about discount brokerage indus.

    Cons

    No where to really move a broker.

    Advice to Management

    No comment


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