Scottrade Employee Reviews | Glassdoor

Scottrade Reviews

Updated March 20, 2017
921 reviews

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921 Employee Reviews

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Pros
  • Great work/life balance for employees (in 119 reviews)

  • 401k match, weekends off or should I say on parole (in 52 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. "Good first job"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Representative in Westminster, CO
    Current Employee - Financial Services Representative in Westminster, CO
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Decent pay
    Good management
    Good benefits
    Great 401k

    Cons

    Computer software needs to be updated
    Bad customers

    Advice to Management

    Increase the minimum for accounts


  2. Helpful (34)

    "Why they had to sell"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook

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

    Pros

    Nice people who genuinely care about their customers

    Cons

    Ancient technology and serious strategic misses. They threw people at problems rather than build scalable technology. Anyone who joined the company after working for a direct competitor would tell you Scottrade was in a bubble. They didn't know what they didn't know.

    Advice to Management

    Too late to give advice. The obvious misses were being overly centralized in St. Louis, where you could not recruit people from Schwab and TD. Technology upgrades were long overdue.


  3. Helpful (28)

    "Investment Consultant"

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

    I worked at Scottrade full-time (More than 8 years)

    Pros

    When I left in May '14, benefits were just starting to get better.

    Cons

    We joked that they were getting ready for a sale to TD. Voila! They were a sinking ship, so I just walked out, as many people were doing at the time. So far behind in technology that there was no way for them to ever catch up, so they just sold the company. Probably the best course of action for Rodger and family.

    Advice to Management

    Sell the company to TD.


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. Helpful (1)

    "IT Disaster Recovery Analyst"

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

    Pros

    Great company to work with.

    Cons

    Selling to TD Ameritrade. Short time left.


  6. Helpful (46)

    "The Scottrade Way"

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

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

    Pros

    Health insurance, 401k, the standered package for a company this size. Rodger seemed like a good guy untill you look into the #s and lack of communication.

    Cons

    I have never seen a company do so many people wrong in so many ways, while rewarding liers and cheaters. RMs preaching how to manipulate the systems during team building events. HR is on a man hunt partnered with Incentive oversight. Zero incentive for client retention. I was recently called a "Service Monkey" for holding high CRS scores for years, RM told my staff "You and I dont get paid on retention, I want NNA and GS quit being a Service Monkey!". I have lost all respect for this company. Rodger you should be ashamed.

    Advice to Management

    Managment is just trying to justify their current positions with micro management.


  7. "St"

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

    Pros

    Benefits are pretty darn good

    Cons

    Schedule is very limited at times

    Advice to Management

    Keep supporting people


  8. "Intern Program"

    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
    Positive Outlook
    Approves of CEO

    Pros

    The company has a lot of benefits, 401k, and incentives and bonuses.

    Cons

    It takes a while to get the bonuses from what I saw and heard, it can be really stressful to build your book.

    Advice to Management

    Great intern program, I don't really have anything bad to say about it.


  9. Helpful (1)

    "Experince"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Associate in Plantation, FL
    Former Employee - Investment Associate in Plantation, FL
    Neutral Outlook

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

    Pros

    My best reason for working at scottrade is to know how to invest in money for not only me but for other people

    Cons

    As of right now i dont see ny downside into working at scottrade


  10. Helpful (1)

    "Great Work Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Services Representative in Saint Louis, MO
    Former Employee - Financial Services Representative in Saint Louis, MO
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    I worked at headquarters and there was tremendous opportunity for growth. I moved up several times in a few short years and nearly doubled my salary. I left the company for personal reasons but I would've definitely stayed long term otherwise. The benefit package is great!

    Cons

    Internal processes can be slow. HR takes their sweet time filling internal roles which is really frustrating. I know Scottrade pays significantly less than competitors;however, in my time at Scottrade I saw many brokers leave Scottrade for more money only to come back a few months later. Work life balance is important!

    Advice to Management

    Scottrade has been going through so many changes in the past few years, keep investing in your employees. Develop them and create strong relationships.


  11. Helpful (6)

    "Assistant Vice President"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Negative Outlook

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

    Pros

    Great company to get your feet wet in the securities industry.

    Cons

    Company is selling and thus a lot of employees are losing jobs,.



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