Charles Schwab

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Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
537 Ratings
  1. 9 people found this helpful  

    Was a great place to work #notanymore

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Marketing Manager in San Francisco, CA
    Former Employee - Marketing Manager in San Francisco, CA

    I worked at Charles Schwab full-time (more than 10 years)

    Pros

    Filled with genuinely nice, intelligent people who work hard. Secure buildings with lots of restaurants nearby.

    Cons

    Morale has spiraled down since approx. 2007. Executives (Vice Presidents and above) have free parking despite being the ones who can afford it. Pay is not competitive with other companies in same category. Bonuses were once performance based : work hard and you were rewarded. Several years ago bonuses became company performance based and the amount rec'd was a quarter at best of what a dedicated employee was awarded prior.

    Advice to ManagementAdvice

    Stop the condescending speeches : you amazingly have a lot of smart people working for you. Stop trying to spin reasons for low morale: all the attempts at "employee engagement" are sad affairs, if they even happen at all.
    All around the bay area, companies large like Schwab down to small start ups at least have a Christmas party. I was there for a dozen years and the our departments approved holiday party was usually held in the conference center at 4pm on a Thursday. Bottom line? Stop punishing your employees to save a dollar! When your employees realize they are underpaid, underappreciated and everyone on the top floor over there is living large? They will walk. I did.

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