E*TRADE Financial

  www.etrade.com
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E*TRADE Financial Reviews

Updated Jul 27, 2014
All Employees Current Employees Only

2.9 285 reviews

52% Approve of the CEO

(no image)

Paul T. Idzik

(54 ratings)

42% of employees recommend this company to a friend

Review Highlights

Pros
  • Etrade values work life balance and offers opportunities to advance in your career path (in 16 reviews)

  • The Series 7 and 63 training is free and useful in other jobs (in 13 reviews)


Cons
  • could improve in employee work life balance (in 8 reviews)

  • Call center work can eventually wear on an individual (in 14 reviews)

More Highlights
285 Employee Reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    1 person found this helpful  

    It's Dilbert's world brought to life.

    Anonymous Employee (Current Employee) Jersey City, NJ (US)

    ProsUpper management is trying to turn the tech side around and have introduced a number of process improvements to help make things more transparent. There is a move to upgrade the technology and its infrastructure. Considering the all new executive suite, it will be some time before the success of this undertaking can be evaluated.

    ConsMediocre salary. High stress levels. Not much room for advancement unless you are more into game playing than actual innovation and accomplishment. Technology dating back to the 90's and unlikely to change very quickly. Working level leadership is more interested in empire building than building the company. At present, the process that has been implemented is all show and no substance.

    Advice to Senior ManagementIt would help to translate the advertised company values into something real instead of relying on an obsolete management style based on bullying. Good upper management intentions are usually frustrated by a lack of follow through. The middle-management bureaucracy somehow manages to protect it's domain, and give the appearance of acting without really taking the process improvements to heart.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

    Good experience

    Financial Analyst (Current Employee) New York, NY (US)

    ProsGood mentorship from employees and a good support system. fast paced and it requires you to make sure you are willing to adapt to your surroundings.

    Consthe downside is the micromanagement on the lower service teams. it is more of a political game when it coms to promotion. several individuals come to this company with year soy experience and i feel they are belittled.

    Advice to Senior ManagementPay more.

    No, I would not recommend this company to a friend

     

    Good place to work

    Anonymous Employee (Current Employee)

    ProsCoworkers were good and the pay was decent. Good place to build up some experience. They also paid for FINRA registration materials.

    ConsVery stressful and high pressure. I did not work in sales yet I was effectively expected to be a salesperson

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    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    No direction, little room to grow, poor innovation

    Product Manager (Former Employee) New York, NY (US)

    ProsDepending on the group, coworkers are great and are trying to improve this company. A bunch of smart people there, but not necessarily in the right positions

    ConsPay is average at best, difficult to grow because middle management does nothing and everyone doing the work will just leave for a better opportunity. Lots of turnover, get sucked into the same work with hardly much innovation

    Advice to Senior ManagementStay organized and have an ear to those grinding day to day. Don't push meetings all the time, make time for your team.

    No, I would not recommend this company to a friend

     

    Great company to work for

    Anonymous Employee (Former Employee)

    ProsFreedom to grow, take on new responsibilities, intelligent employees

    ConsLong hours, changing priorities, sometimes immature leadership

    • Culture & Values
    • Work/Life Balance
    • Senior Management
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    A nice place to start in financial services, dont plan on a long career. Employee retention is poor

    Financial Services Representative (Former Employee) Sandy, UT (US)

    ProsEtrade is a good company if you can climb out of the front line trading and customer service level and get into stock plans, corporate services, etc.. Benefits are excellent. Raises are performance based and generally fairly small percentage increases. the best way to earn more is to take advantage of overtime hours when offered.

    ConsEmployees are micro managed for call handle times. Customer service can often be sacrificed for efficiency. Financial advisors are not really advisors and are not trained to be such. The company just wants to get as many assets under management as they can and charge management fees for not managing the accounts.

    No, I would not recommend this company to a friend

    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Finance intern

    Anonymous Employee (Former Employee)

    ProsGreat manger to work with.

    Conslocation is not very close to campus

    Advice to Senior Managementgreat intern program.

    Yes, I would recommend this company to a friend

    • Approves of CEO

    1 person found this helpful  

    Staff Engineer

    Senior Staff Software Engineer (Former Employee) Menlo Park, CA (US)

    ProsNice env, nice people. Fast release. Good business. You can make or break system fast.
    People are nice to work with. Flexible environment

    ConsOld technologies, need to change to new stack of technologies. They should move to big data hadoo hbase hive etc.

    Advice to Senior ManagementManagers should be hands on.

    Yes, I would recommend this company to a friend

    • Culture & Values
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    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Getting mojo back

    Anonymous Employee (Former Employee)

    ProsE*trade is known for innovation. So where along the lines they lost their way. It seems that the company has found its mojo. Lots of energy around innovation and new ideas are taking place. Management is making every effort to create the right environment to encourage and foster new thinking

    ConsThere are many new processes that management should consider streamlining. Few opportunities for promotions

    Advice to Senior ManagementKeep up the good work

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Good job for the young and single

    Financial Services Representative (Current Employee)

    ProsTraining provided to earn your Series 7 is excellent. Base pay is decent compared to most call center jobs. Promotions are easy to come by since the company cleaned house a few years ago. There is unlimited overtime opportunity during tax season.

    ConsEmployees that work less than 50 hours a week receive poor performance reviews. You will be required to refer millions in outside assets from existing client base and receive no bonus for your efforts. Your job is to help clients maintain regulatory compliance so you have to maintain a high level of focus for long hours.

    Advice to Senior ManagementFocus more on training after Series 7.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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