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
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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

 

FSR

Anonymous Employee (Former Employee)

I worked at E*TRADE Financial

ProsGreat for someone out of college or looking to get there entry level license without out of pocket cost

ConsLow pay for the constant barrage of calls and high responsibilities and no room for error. constantly pushes advancement from within but makes you feel bad if you dont want to move in there time frame or at your own pace. and they act like your getting some huge raise with the promotion. Managers do squat with the majority of work falling on shoulders of the leads.

Advice to Senior Managementread the reviews of past employees

No, I would not recommend this company to a friend

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1 person found this helpful  

Terrible

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

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

ProsOkay benefits and good hourly pay for what you were doing.
Get to look at the stock market all day and see a lot of fox news, if that's your sort of thing.

ConsCondescending middle management, little autonomy, Absolutely no one on my floor woke up and wanted to go to work in the morning.

Advice to Senior ManagementGive an accurate description of position in the interview and maybe you won't have a 50% turnover every 6 months

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

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Forever a start-up financial company

Financial Consultant (Former Employee)
San Francisco, CA (US)

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

ProsGood place to get your securities license

ConsC-level management constantly changing (3 new CEOs for the past 5 years). Leads are given to favor reps/fc. Poor training, compensation, protocols and customer service.

Advice to Senior ManagementThey need to get their act together.

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high turnover, they treat you like a commodity, not a team member

Financial Consultant (Former Employee)
Sandy, UT (US)

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

Prosgood pay potential, quarterly bonuses

Conshigh turnover and they can let you go without a warning or doing anything unethical and still meet business results

Advice to Senior Managementhave an action plan to help improve employees rather than without any warning/coaching let the employee go

No, I would not recommend this company to a friend

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This is a good job. It is a call center environment and there are sales quotas.

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

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

ProsThe overall work environment is really good. They promote from within and the starting salary is very competitive. They do stress the importance of a positive client experience.

ConsThere is a lot of uncertainty regarding what shift you may have to work which makes it difficult to plan all other aspects of your life. Retirement benefits are currently poor. They will match up to 2.5 percent is all.

Advice to Senior ManagementHave recruiters be completely honest regarding the position. I was told this position has no sales aspect. I asked about sales quotas specifically and was told that was not a part of this position. It turns out that your sales ability is a huge part of your performance which affects your evaluation, your bonus potential and your ability to advance your career.

No, I would not recommend this company to a friend

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In my experience you had to put up with the micro management that is typical of a call center, but pay is competitive.

Anonymous Employee (Former Employee)

I worked at E*TRADE Financial

ProsThe training was good, with opportunities for advancement

ConsThere was a great deal of micro management

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Great team atmosphere in my branch and solid training.

Financial Consultant (Current Employee)
Farmington Hills, MI (US)

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

ProsGood work life balance and friendly atmosphere

Consno work from home, can be repetitive at times salary and commissions are somewhat capped.

Advice to Senior Managementfix the website, lot of links dont work

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

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Overall a good place to work

Anonymous Employee (Current Employee)

I have been working at E*TRADE Financial

ProsOverall a good place to work

ConsNone at this point in time

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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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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.