E*TRADE Financial
2.9 of 5 263 reviews
www.etrade.com New York, NY 1000 to 5000 Employees

E*TRADE Financial Reviews

Updated Apr 11, 2014
All Employees Current Employees Only

2.9 263 reviews

                             

51% Approve of the CEO

(no image)

Paul T. Idzik

(45 ratings)

42% of employees recommend this company to a friend
263 Employee Reviews
Relevance Date Rating
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Review Highlights

Pros:
  • "Good work life balance and friendly atmosphere"
    in 14 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 7 reviews
  • "Aside from "licensed stockbroker" sounding important, just another customer service job in a call center"
    in 12 reviews
  • Show more review highlights

Reviews

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

1 person found this helpful  

Average place

Senior Staff Software Engineer (Former Employee)
Jersey City, NJ (US)

I worked at E*TRADE Financial full-time for more than a year

ProsGreat location, beautiful office view, little stress, relatively stable, friendly colleagues

ConsLots of bureaucracy, below average pay, limited potential

Advice to Senior ManagementChoose a busienss style between Silicon Valley and Wall Street

No, I would not recommend this company to a friend

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Analyst

Analyst (Former Employee)
Atlanta, GA (US)

I worked at E*TRADE Financial as an intern for less than a year

Prosdown to earth working environment

ConsNothing much, only pros that you can have

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

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  • Disapproves of CEO

 

Financial Consultant

Financial Consultant (Current Employee)
Alpharetta, GA (US)

I have been working at E*TRADE Financial full-time for more than 8 years

ProsPositive team environment and colleagues are great!

ConsVolatile work environment (job and compensation policy changes are slow) environment is a bit stressful (with call volume), and not necessarily family friendly work environment.

Advice to Senior ManagementE*TRADE Management is in survival mode, its important for them to appreciate the impact that production brings to the bottom line and encourage this growth. Something the last regime and this regime struggle with in its vision or game plan moving forward.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Not an Encouraging Place to Work

Anonymous Employee (Former Employee)

I worked at E*TRADE Financial full-time for more than a year

ProsFlexibility concerning Telecommuting, the Location was ideal, and the Work/Life Balance was pleasant.

ConsCompensation Package (low pay compared to competition and/or industry standards) Management (as they were horrible to work with, complete condescending people), In addition they micro-managed and the funny part is that the employees knew more than what they knew. High-Turnover, and outsourcing.

Advice to Senior ManagementWhen depleting the work force in order to save a buck. Try trimming off the people fielded in the managerial positions because in my opinion and based on experience, the lower level employees actually get the work done, while management takes the credit. I guess that's the culture of working in a corporate environment.

No, I would not recommend this company to a friend

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It's just another high-turnover call center.

Financial Services Representative (Former Employee)
Alpharetta, GA (US)

I worked at E*TRADE Financial full-time for less than a year

ProsThe Series 7 and 63 training is free and useful in other jobs.
You can make good friends and connections in the Incubator Class.
The health benefits are good.

ConsYou will be on the phone for 8 hours a day.
Customers are often rude, impatient, and unreasonable.
Promotions are a joke, you will still be on the phone all day no matter the department.
Few applicable skills outside of sales/customer service industry.

Advice to Senior ManagementKeep hiring more people to keep the queues low, this is better for the employees and customers alike.

No, I would not recommend this company to a friend

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entry level

Anonymous Employee (Current Employee)

I have been working at E*TRADE Financial

Prosto get your license. it trains you quickly but doesnt pay much at all. you will have to go elsewhere to get paid what you deserve

Conslack of pay. they will start you entry level and not give much opportunity to grow and increase your pa.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Good

Anonymous Employee (Current Employee)

I have been working at E*TRADE Financial full-time

Prosgood teamwork, excellent support and opportunity to learn more

Conslow compensation/ benefits , no standards and processes are not followed

Advice to Senior Managementnone

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

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pretty good

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

I have been working at E*TRADE Financial full-time for less than a year

Prosdecent pay and training overall.

Consstill needs to develop brand

Advice to Senior Managementconcentrate on growing wealth management.

Yes, I would recommend this company to a friend

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Worst company to work for !!!

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

I worked at E*TRADE Financial full-time for more than 3 years

ProsSome coworkers were friendly and easy to work with.

ConsMicromanagement was common practice there. Employees were not valued. Instead they were blamed for upper management's missteps. Technology was outdated and you didn't have opportunity to learn and explore cutting edge technology. After working there for a number of years and you would find yourself stuck with the company and had no markable skills. Benefits were below average in the industry. Only 12 days of vacation to start with.

Advice to Senior ManagementLearn more people management skills and learn to respect others.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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product management

Anonymous Employee (Current Employee)

I have been working at E*TRADE Financial

Prosgood benefits, nice people to work with, bright technology team!

Conswork overload, no direction, too vendor dependent, management wants the little people to lead them!

Advice to Senior Managementlead!

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Glassdoor is your free inside look at E*TRADE Financial reviews and ratings - including employee satisfaction and approval ratings for E*TRADE Financial CEO Paul T. Idzik. All 263 reviews are posted anonymously by E*TRADE Financial employees.