TD Ameritrade

  www.tdameritrade.com
  www.tdameritrade.com

TD Ameritrade Reviews

Updated 17 November, 2014
Updated 17 November, 2014
336 Reviews
3.5
336 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
TD Ameritrade President, CEO & Director Fred Tomczyk
Fred Tomczyk
184 Ratings

Review Highlights

Pros
  • Work-life balance is good if you want to leave the office promptly at 5 (in 21 reviews)

  • Great benefits outside of salary (in 17 reviews)


Cons
  • No sick pay, multiple upper management positions for single teams, TPS reports (in 13 reviews)

  • In our department (Coaching) you are not conservative you might be looked down upon by middle management (in 9 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Sales Driven

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Customer Service in London, ON
    Current Employee - Customer Service in London, ON

    I have been working at TD Ameritrade full-time (more than an year)

    Pros

    - exposure to trading/finance business
    - sales targets not difficult
    - lots of training

    Cons

    - focus is on selling managed products, not service

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Good place to work and build a career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer II in Omaha, NE (US)
    Current Employee - Software Developer II in Omaha, NE (US)

    I have been working at TD Ameritrade full-time (less than an year)

    Pros

    There are good opportunities for growth on the job and to transition into other roles. Good work - life balance. Physical office space is LEED Platinum.

    Cons

    Teams are in multiple geographic locations, mostly as the result of mergers and acquisitions. This is not a significant problem but can pose some challenges to productivity.

    Recommends
    Positive Outlook
    Approves of CEO
  3. 1 person found this helpful  

    A great place to work

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

    I worked at TD Ameritrade full-time (more than 10 years)

    Pros

    A great place to get deeply involved quickly and terrific work life blance.

    Cons

    Pay tends to be middle of the road. To get a significant increase you may need to move on.

    Advice to ManagementAdvice

    Be sure to compensate top performers inline with competition. You are falling behind.

    Recommends
    Neutral Outlook
    Approves of CEO
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Sales

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

    I worked at TD Ameritrade full-time (more than 8 years)

    Pros

    Sales incentive is robust if you want to do the work. Helping clients and finding solutions for them is rewarding. Lots of locations to move up in your career. Dallas, NJ, Omaha, Chicago, Salt Lake City. Good benefits.

    Cons

    Lean management practices seem to have the branches slowing down versus being more efficient. Had some turnover over the last two years.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    TD Ameritrade

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Client Consultant
    Former Employee - New Client Consultant

    I worked at TD Ameritrade full-time (more than 5 years)

    Pros

    Great culture. Really big into rewards and recognition. They also really empower associates to make decisions. In Omaha they have work out facilities, and it seems like they were always feeding us free lunch.

    Cons

    I found it pretty difficult to move into certain areas of the company. If you wanted to manage people who took phone calls there were opportunities there, but if you didn't there didn't seem to be a lot of choices unless you were willing to take a pay cut.

    Advice to ManagementAdvice

    The only flaw I really think needed addressing is that the variable compensation for people on the phones was a bit Wild West at times. You often had to play games and not close business if you wanted to get paid for your work, meaning you ended up pretending not to be able to help the client because inbound sales roles required you to make a referral to consultants who had the same credentials you had. Some people really exploited this and it didn't end up always being the best thing for the client.

    Recommends
    Approves of CEO
  7.  

    AMTD review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Jersey City, NJ (US)
    Current Employee - Anonymous Employee in Jersey City, NJ (US)

    I have been working at TD Ameritrade full-time (more than 5 years)

    Pros

    Great associate environment. Committed to community improvement and philanthropy. Generally allows work/life balance flexibility.

    Cons

    Below market salaries and lopsided compensation between executives and other associates. Kool Aid drinkers can be disingenuous and even threatening.

    Advice to ManagementAdvice

    Focus on core competencies and stop reaching. Fighting organic growth trends in derivative demand and focusing on accumulating assets.

    Recommends
    Neutral Outlook
    Approves of CEO
  8.  

    Great if you're young or live in a flyover state

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Jersey City, NJ (US)
    Former Employee - Anonymous Employee in Jersey City, NJ (US)

    I worked at TD Ameritrade full-time (more than 3 years)

    Pros

    You can't dump on a company for being a low cost producer that grows by acquisition. If you are very high in the chain that's great. Stable company that's not going anywhere.

    Cons

    Your not supporting a family in NYC metro and You're not leveraging this for a job on Wall Street unless you want a quick crash course in functional stuff before heading to a retail job. If you are a liberal arts major from a non target school, probably better to head to a bank branch for a relationship manager job. At least you'll learn to sell. Then head to grad school.

    Advice to ManagementAdvice

    You've built a great company

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  9.  

    Fix the hiring, promote better people

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

    I have been working at TD Ameritrade full-time

    Pros

    Very flexible work life balance

    Cons

    Rotational program needs way better screening, stop hiring people who only know how to answer behavioral questions.

    Advice to ManagementAdvice

    Figure out who is actually doing work and give them the promotions and bonuses they deserve. Why do you think there is currently so much turnover?

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    All about the numbers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts Associate in Bellevue, NE (US)
    Former Employee - New Accounts Associate in Bellevue, NE (US)

    I worked at TD Ameritrade full-time (less than an year)

    Pros

    Decent pay for those with little to no experience in the workforce. Excellent training programs.

    Cons

    Promotion in responsibility, pay, and/or title is VERY competitive and difficult to acheive. Very regimented workplace with heavy reliance on performance metrics and very little encouragement for creative thinking or process improvement.

    Advice to ManagementAdvice

    You know how to hire intelligent, productive workers. Let them know they are appreciated. The HR and management practices seem to reflect the stock trading industry mentality -- measuring and 'buying/selling' employees like shares of stock. Employees can offer so much more to the bottom line than what you are measuring!

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  11. 1 person found this helpful  

    It's all about transferring assets from other companies to TD Ameritrade.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - New Accounts Associate in Omaha, NE (US)
    Former Employee - New Accounts Associate in Omaha, NE (US)

    I worked at TD Ameritrade full-time (more than 3 years)

    Pros

    Progressive company that tries to offer decent pay for a hard days work. Very difficult to move from phone positions to management.

    Cons

    Very young average employee age. Only people in their twenties get promoted to manager level. The company is trying to plan for the future by grooming young managers but they overlook qualified people with more experience.

    Advice to ManagementAdvice

    Get back to concentrating on meeting customer needs instead of focusing totally on transferring assets from other brokerages.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

Work at TD Ameritrade? Share Your Experiences

TD Ameritrade

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.