Charles Schwab Reviews

Updated July 31, 2015
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3.4
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Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
65 Ratings

Pros
  • Great work-life balance (almost too good--the work suffers because management is so supportive of people's "issues") (in 80 reviews)

  • good benefits especially Sabbath every five years (in 59 reviews)

Cons
  • It is a Call Center environment (in 45 reviews)

  • Over the last couple of years, communication from senior management has been limited (in 25 reviews)

More Pros and Cons

97 Employee Reviews

Sort: Popular Rating Date
  1. MF Clearing Dividends Associate

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Lone Tree, CO
    Current Employee - Anonymous Employee in Lone Tree, CO

    I have been working at Charles Schwab full-time (Less than a year)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Opportunity for advancement, decent pay and management backing to get licensed. Workflow is not overwhelming and many small perks.

    Cons

    Very easy to get stuck in current role. People in semi-entry level jobs that have been with the company for 20 plus years.

    Advice to Management

    At times it is difficult for highly motivated people to branch out of their current department. The company fosters a culture of complacency and does not challenge people to take new roles.


  2. Helpful (1)

    Risk Analyst

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Risk Analyst in Denver, CO
    Current Employee - Risk Analyst in Denver, CO

    I have been working at Charles Schwab full-time (More than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Very structured job with upbeat people. Very easy to transfer between positions to find something you like. Great job security at a company with a rising stock.

    Cons

    Middle management had zero capabilities to foresee work capacity and to hire accordingly so mandatory OT was put in place due to the management unable to hire replacements in a timely manner


  3. Great place for motivated employees to build a career.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Team Manager in Lone Tree, CO
    Current Employee - Team Manager in Lone Tree, CO

    I have been working at Charles Schwab full-time (More than 5 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    If you are motivated and willing to go above and beyond, you can build your career into whatever you want it to be. There are vast opportunities in a variety of different fields within Schwab, and everyone there is willing to help you build your career.

    Cons

    Schwab is a conservative firm, so pay and promotions may take a little longer to fall in place if you don't really pursue that next step.

    Advice to Management

    Expand the stock and option programs given to employees, to expand their compensation, and give them a greater sense of ownership in the success of Schwab.


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  5. Excellent Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Talent Attraction Manager in Commerce City, CO
    Former Employee - Talent Attraction Manager in Commerce City, CO

    I worked at Charles Schwab full-time (More than 3 years)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Schwab is a company that bends over backwards to empower their employees to delight clients and to allow their employees the opportunity to grow personally and professionally. I've never seen an environment so dedicated to doing right by the customer before doing well financially, however I think that singular focus on the customer is what allows them to do well on the Street,

    Cons

    Well they spend a fortune on training, base salaries could be more competitive. Other than that its a great place to work.

    Advice to Management

    Keep doing what you are doing


  6. Great employer

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

    I have been working at Charles Schwab

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    Great culture, fantastic training and vast promotion potential

    Cons

    No cons that I would consider unique. Standard corporate slow motion

    Advice to Management

    I find that my comments and ideas are heard by management


  7. I'm Pretty Happy

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant in Englewood, CO
    Current Employee - Financial Consultant in Englewood, CO

    I have been working at Charles Schwab full-time (More than 5 years)

    Recommends
    Positive Outlook
    Recommends
    Positive Outlook

    Pros

    Wide range of jobs. Tons of areas for growth and advancement. The sky is the limit.

    Cons

    There is always going to be something to complain about. Schwab is a great company but you have to be ok with corporate America.

    Advice to Management

    Stop changing comp plans. Allow financial consultants the ability to be customized with the client. Sometimes it feels like I am restricted on what I can provide.


  8. Helpful (1)

    Great Work Culture

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Staff Product Management (Technical) in Lone Tree, CO
    Current Employee - Senior Staff Product Management (Technical) in Lone Tree, CO

    I have been working at Charles Schwab full-time (Less than a year)

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good collaborative environment Smart Work is recognized Over hard work Client Focussed Engaging Workplace Executives are approachable and willing to listen to you in the hallways

    Cons

    Too many sub cultures New hiring wave is causing a cultural disturbance among current core values Career path has to be clearly etched for every role

    Advice to Management

    Look at sponsoring H1Bs in tech .... This will help in employee retention


  9. Associate Portfolio Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate Portfolio Consultant in Denver, CO
    Current Employee - Associate Portfolio Consultant in Denver, CO

    I have been working at Charles Schwab (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    Pros

    Stable, fair, ethical, understanding of family life

    Cons

    Losing their way from what they used to be

    Advice to Management

    Listen to your employees


  10. Helpful (4)

    Micro-Management, Anyone?

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Client Banking Specialist in Denver, CO
    Former Employee - Client Banking Specialist in Denver, CO

    I worked at Charles Schwab full-time (More than a year)

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    Pros

    I suppose the benefits are decent. Free parking, good name recognition for resume, very ethical company, I can't really think of anymore pros.

    Cons

    They micro-manage you to the inth degree. Horrible politics, lots of propaganda, and the proverbial drinking of the kool-aid. In Bank, the systems are extremely outdated, and there are a lot of internal departments with a "it's not my job" attitude.

    Advice to Management

    Bring salaries up to standards. Schwab is currently way behind the industry. Otherwise, it is what it is.


  11. Helpful (2)

    Good work environment, but low salaries

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Representative in Denver, CO
    Former Employee - Registered Representative in Denver, CO

    I worked at Charles Schwab

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Good place to get licensed.

    Cons

    Management squeezing everything they can out of employees at very low salaries.



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