Scottrade Reviews | Glassdoor

Scottrade Reviews

Updated June 25, 2017
963 reviews

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Full-time Part-time

2.8
Star Star Star Star Star
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Approve of CEO
Scottrade Founder, President, and CEO Rodger O. Riney
Rodger O. Riney
698 Ratings

963 Employee Reviews

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Pros
  • Great Firm; great culture; good work/life balance; great brand name recognition; Midwestern firm (in 132 reviews)

  • 401k match, weekends off or should I say on parole (in 56 reviews)

Cons
  • This practice also doesn't leave room for advancement because incompetent people get promoted and stay there (in 31 reviews)

  • A glass ceiling exists unless you choose to move to St Louis where the corporate office is located (in 28 reviews)

More Pros and Cons

  1. "Great place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Scottrade full-time

    Pros

    Good people, 401k match is amazing

    Cons

    Pace is slow at times, uncertain future


  2. "Stock Broker"

    Star Star Star Star Star
    Former Employee - Senior Stock Broker in Saint Louis, MO
    Former Employee - Senior Stock Broker in Saint Louis, MO

    I worked at Scottrade full-time (More than 5 years)

    Pros

    Great company, benefits, culture and training. Plenty of room to grow.

    Cons

    Stressful calls and tied to phones.


  3. "PMO Manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good benefits, good work life balance

    Cons

    Limited opportunity for professional development


  4. "Software Test Engineer"

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

    I have been working at Scottrade full-time

    Pros

    Nice company to work here

    Cons

    Sold out to TD Amritrade


  5. Helpful (5)

    "Waiting for the close..."

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

    I have been working at Scottrade full-time (More than 3 years)

    Pros

    Attainable goals and no proprietary funds as well as paid training for series 7 and 66.

    Cons

    Back office support has fallen since the merger. Everyone is just waiting for the close to see what happens next and moral is pretty low in the branches.


  6. Helpful (5)

    "Be Cautious"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Paralegal in Maryville, MO
    Former Employee - Paralegal in Maryville, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I worked at Scottrade full-time (More than 3 years)

    Pros

    The employees and the cafeteria

    Cons

    Salary, commute, senior management & company sold in 2017


  7. Helpful (2)

    "Scottrade has been a pretty good place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Saint Louis, MO
    Current Employee - Analyst in Saint Louis, MO
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than 5 years)

    Pros

    Scottrade has been pretty good place to work over the years I have been here. Over the past few months it's been stressful with the merger.

    Cons

    Job uncertainty since the announcement of the merger.


  8. Helpful (15)

    "Worked there for a long time!"

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

    I worked at Scottrade full-time (More than 10 years)

    Pros

    Salary, no! Career advancement, no! Great technology, no! Control over your clients, no! Pride for company, hell no, LOL...... One of the best things about working for Scottrade is that there's a good possibility that your smarter than those with whom you work.

    Cons

    When you are an employee here, you're embarrased to tell people you work here. The pay is horrible. Leadership is virtually non-existent now. Offices are so small it's like the Mom and Pop Shop for investing. So many people have left and the few that remain are whipping boys for management that cannot see the forrest through the trees. The average age of a branch employee might surpass 25, but definitely is lower than 30. It'll be interesting to see what happens when this merger goes through. Managers at McDonalds make more than managers at Scottrade, but you have to realize, MCD is a well run company and the best of breed in it's industry whereas 80% of the investing public has never even heard of Scottrade.

    Advice to Management

    Read a few books on Management, take a class or two and possibly one day you won't have to keep hanging on to the branch that's about to break from the tree.


  9. "QA Engineer"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - QA Engineer in Saint Louis, MO
    Current Employee - QA Engineer in Saint Louis, MO
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than 5 years)

    Pros

    Great work-life balance and fair workload.

    Cons

    Promotion ability is very subjective and vague.


  10. "Supervisor - Advisor Account Services"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Supervisor - Advisor Account Services in Saint Louis, MO
    Current Employee - Supervisor - Advisor Account Services in Saint Louis, MO
    Recommends
    Negative Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than 3 years)

    Pros

    Great focus on service excellence

    Cons

    Being acquired by TD Ameritrade

    Advice to Management

    Keep on promoting your talent!


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