Scottrade Reviews | Glassdoor

Scottrade Reviews

Updated July 26, 2017
976 reviews

Filter

Filter

Full-timePart-time

976 Employee Reviews

Sort: PopularRatingDate

Pros
  • Work/Life Balance is a great perk (in 134 reviews)

  • Good people, 401k match is amazing (in 58 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. Helpful (19)

    "Worked there for a long time!"

    StarStarStarStarStar
    • 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.


  2. Helpful (10)

    "Investment Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Consultant in Durham, NC
    Current Employee - Investment Consultant in Durham, NC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Scottrade full-time (Less than a year)

    Pros

    Plenty of branch offices to facilitate living in communities where other large investment firms do not maintain offices.

    Support for Series 66

    Cons

    Systems are terribly designed and maintained. Services are lack luster and there is a confused sales culture. Utilizing unintuitive processes at every turn and is often times more administrative than any sales position should be.

    Advice to Management

    Sell the company and retire to a life without stress.

  3. Helpful (23)

    "manager of a private co won't make transition. Burping, Farting and off color jokes won't work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Hartford, CT
    Current Employee - Anonymous Employee in Hartford, CT
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Scottrade full-time (More than a year)

    Pros

    manager spends most of day at kids daycare , on the phone w/ other managers, leaving early to cut lawn, do house work.recorded line or cell, at lowes or complaining about the company. So demoralizing.

    Cons

    manager speaks about everyone's personal info including who's on pip who's getting fired, who got retention bonuses bad marriages, i've heard it all.

    Advice to Management

    fire the guy and set an example as these lazy scottrade lifers have no idea what it's like in the real corporate world


  4. "sales"

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

    I worked at Scottrade full-time

    Pros

    They have great Benefits by far.

    Cons

    TDA is buying them. Come 2018. SCT is history.

    Advice to Management

    Rodger is the best !!


  5. "Great experience"

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

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

    Pros

    I enjoying working at Scottrade due to great opportunities for work life balance. I'm able to be professional and help community.

    Cons

    Scottrade is closing its doors. I would say processes are not followed. These process would benefit the company and perhaps Scottrade would not be in the current situation.


  6. Helpful (1)

    "The best company I have ever worked for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Applications Support Engineer in Saint Louis, MO
    Current Employee - Applications Support Engineer in Saint Louis, MO
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

    I have been working at Scottrade full-time (More than a year)

    Pros

    Culture is top notch, IT management and upper management is pretty darn good, which is saying alot.

    Cons

    Technology infrastructure and IT Change Management is just down right painful.

    Advice to Management

    N/A Scottrade is going to be joining the dust balls of history since TD Ameritrade merger announcement. Such a shame, but not much Rodger can do since it's a private company and he is in failing health. It was great while it lasted, I probably won't ever find another company I liked working for more.


  7. Helpful (18)

    "Nice benefits, but frustrating work environment"

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

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

    Pros

    Good work-life balance, 8-5 MF schedule, good benefits including vacation, 401k match, and health insurance

    Cons

    Micro-management of duties, too many responsibilities and multi-tasking involved, lack of solid sales process, conflicting communication from upper management and middle management, poor long-term planning. continually changing incentive policies and sales goals, decreased focus on client satisfaction, employee morale, and greater emphasis on the bottom line and trying to patch too many holes on a sinking ship

  8. Helpful (16)

    "What a LOSER COMPANY!!!!!!!!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Scottrade full-time

    Pros

    They let you show up for work.

    Cons

    Cheap, micro manage, dumb decision making by morons in charge.

    Advice to Management

    Spit out your regional managers before you sell to TD.


  9. Helpful (3)

    "Manager"

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

    I worked at Scottrade full-time

    Pros

    Good work/life balance, 401k, benefits

    Cons

    Not efficient. Bogged down by process, process, and more process. Lacks logic.

    Advice to Management

    Know what's going on.


  10. "Branch Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Branch Intern in Northbrook, IL
    Former Employee - Branch Intern in Northbrook, IL
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Scottrade part-time (More than a year)

    Pros

    Flexible schedule, Great learning environment

    Cons

    Compensation, Minimal benefits, All virtual training


Showing 976 of 1,088 reviews
Reset Filters