Charles Schwab
3.1 of 5 754 reviews
www.aboutschwab.com San Francisco, CA 5000+ Employees

Charles Schwab Reviews in Arizona

Updated Feb 28, 2014
All Employees Current Employees Only

3.0 108 reviews

                             

51% Approve of the CEO

Charles Schwab President and Chief Executive Officer Walt Bettinger II

Walt Bettinger II

(59 ratings)

45% of employees recommend this company to a friend
31 Employee Reviews Back to all reviews
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Educational

Registered Representative (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than a year

ProsJob responsibilities clearly defined, great training

ConsFew advancement opportunities and increased responsibilities and expectations without added compensation.

Advice to Senior ManagementMore opportunity for advancement and care for employees

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

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3 people found this helpful  

Started out good but lost it's lustre fast.

Senior Staff Systems Engineer (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 10 years

ProsGood benefits, ok pay, most people are good to work with

ConsDoesn't have a good work/life balance, To much management, a lot of employees are very apathetic

Advice to Senior ManagementGet rid of some

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

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2 people found this helpful  

It's a job, not a career

Registered Representative (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 5 years

ProsThe benefits are pretty good. Four week paid sabbatical every five years is amazing. The training to get your Series 7 and 63 is pretty good.

ConsOffice politics is ridiculous. Promoting the person the boss likes best rather than the best person for the job. It is a Call Center environment. The salary is low compared to the competition. You have lots of opportunity to move within the company if you want to move laterally.

Advice to Senior ManagementDo the right thing for the client. That may not be a managed account.

No, I would not recommend this company to a friend

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Good Folks, Terrible Management

Investment Advisor (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 5 years

ProsThe staff at Schwab are really really good and believe in helping the clients

ConsManagement is so poorly trained, its not their fault, but Schwab as a company puts them in a position to fail.

Yes, I would recommend this company to a friend

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1 person found this helpful  

A company that employees people on the lower end of the talent spectrum, for jobs that aren't rewarding.

Registered Representative (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 3 years

ProsLow work load, simple tasks, not much pressure to do much of anything.

ConsLow pay, very few opportunities, low level management positions being filled with 25+ year employees who aren't interesting in developing new employees.

Advice to Senior ManagementCut the deadweight from the company.

No, I would not recommend this company to a friend

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2 people found this helpful  

Unfair and biased toward anybody with a "disability" regardless as to how bs it is

Specialist (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 3 years

Prosit pays more than unemployment.
it's centrally located
fair vacation/sick time and managers are flexible if you have an appointment

ConsIf you're a hard worker, you will work twice as hard as the lazy coworkers for the same pay. The compensation isn't worth the stress.

Advice to Senior ManagementGet your head out of your butts. If 20 coworkers are complaining about one coworker, don't fire the hard working employees and keep the one lazy employee that everybody is complaining about.

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

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Its a good place to start you need to advance fast or move on.

Registered Representative (Former Employee)
Phoenix, AZ

I worked at Charles Schwab full-time for more than 5 years

ProsThe base pay is in the 30's. Schwab has good business fundamentals. (They do not mislead the clients in to bad products) fairness for men, women and those in between.
If you work hard and stay ozzing positivity you will advance. On the sales side you can make 80-120k. about the same for managers. Almost 100% of the employees are great people. They execute operations better than any other brokerage! Very efficient!!!!

ConsIf you have a micro manager the job can be a real un-pleasent grind.
The new CEO Walt is a real penny pincher. He has fired ( found technicalities to lay off) older employees to hire the younger for the cost savings. In Phoenix the labor board filed a law suit for this. Nothing new for a fortune 500 company. It makes me sad (because I used to Love SCHWAB) that the fairness and ethics only apply to the clients and not the employees.

Advice to Senior ManagementI feel slighted for the other quality senior people that were downsized than myself. People in their 50-60's that may not recover as well. I would like to see a cost effective way for the front line employees to get a fair share of the profits to where if they put in 10 years or so the could retire or mini-retire. Be owners in the business motivated to take care of clients and the business success.

Yes, I would recommend this company to a friend

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Fairly typical financial institution

Associate (Former Employee)
Phoenix, AZ

I worked at Charles Schwab full-time for more than 5 years

ProsBenefits in line with industry norms. Conservatively run, but stable company to work for.

ConsThe atmosphere is quite political, you're not really allowed to have an opinion on anything. A healthy questioning of authority figures and their decisions is certainly not tolerated.

They don't like to promote people if they can avoid doing so, but if you do intend to advance, you will need to know the manager. It's an extremely nepotistic environment. As I mentioned, the company is managed conservatively, so don't expect an above average starting salary, or a massive raise every year.

The company does not require a pre-employment drug screening of job applicants. For this reason, not all of your co-workers will be consummate professionals.

Advice to Senior ManagementStart paying market rates, and start drug screening new applicants. If you pay peanuts, you'll get monkeys. It's not difficult.

Yes, I would recommend this company to a friend

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Enjoyed working for Charles Schwab

Business Systems Analyst (Former Employee)
Phoenix, AZ

I worked at Charles Schwab full-time for more than 3 years

ProsIntelligent, smart people. Great corporate culture. Opportunities for learning new skills.

ConsMost perm employees tend to be overworked, so life/work balance becomes difficult. Pay tends to be lower than industry. Tends to hire from outside rather than promote from within.

Advice to Senior ManagementContinue all the great things you do to encourage employees to stay but add internal promotions and raises to the list.

Yes, I would recommend this company to a friend

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Great Company to work for

Operations Specialist (Current Employee)
Phoenix, AZ

I have been working at Charles Schwab full-time for more than 5 years

ProsDiverse culture, Higher then average pay, collaborative environment, employee focused with emphasis on growth development.

ConsLong hours attributed to staffing issues.

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 Charles Schwab reviews and ratings in Arizona — including employee satisfaction and approval rating for Charles Schwab CEO Walt Bettinger II. All 31 reviews posted anonymously by Charles Schwab employees.