Charles Schwab Reviews

Updated March 30, 2015
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3.2
972 Reviews
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Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
570 Ratings

Pros
  • It does allow for a good work/life balance which was very important to me (in 80 reviews)

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

Cons
  • Not much room for growth in Indy unless you want to stay in a call center (in 45 reviews)

  • There are very few woman and people of color in middle and senior management (in 25 reviews)

More Pros and Cons

Employee Reviews

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  1. Good work environment, but low salaries

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

    I worked at Charles Schwab

    Pros

    Good place to get licensed.

    Cons

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

    Recommends
    Positive Outlook
    Approves of CEO
  2. Great company not perfect

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

    I have been working at Charles Schwab

    Pros

    Company maintains a strong commitment to doing business ethically with a high degree of integrity. Benefits are very good. Work environment is positive and management is generally good. If you live to help people you will love working for Schwab.

    Cons

    If you live to make money, you may want to look elsewhere. Compensation is relatively low and advancement can be limited depending on your role and location.

    Advice to ManagementAdvice

    Never stray from the values on which Chuck founded the company.

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

    Charles Schwab is one of the best places in the world to work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Scrum Master in Phoenix, AZ
    Current Employee - Scrum Master in Phoenix, AZ

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

    Pros

    I have been there for 16 years now. The culture of the company is all about the best interests of the customer. Everything is built up around that core concept. I have great pride and satisfaction in working for Schwab.

    Cons

    I have been the sole member of a geolocated team for almost 8 years. That has been a lonely job, but most of that is my fault for not reaching out and building relationships with my co-workers nearby, even though they are in totally different departments.

    Advice to ManagementAdvice

    Stick to the core principles.

    Recommends
    Positive Outlook
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  5. Schwab Corporate offices

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

    I worked at Charles Schwab

    Pros

    Great work environment. Very smart people who are passionate about what they are doing all across the country.

    Cons

    Not a growth environment. Promotion and opportunities depend largely on being connected to the right people.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  6. Charles Schwab was a great company to work for. Easy to take a day off, willing to train, ect.

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

    I worked at Charles Schwab

    Pros

    They are eager to train and develope their people.

    Cons

    10 hour shifts, cons for some people pros for others

    Advice to ManagementAdvice

    More pay would be nice.

    Recommends
    Positive Outlook
    Approves of CEO
  7. Great Resume Builder / Average Career Opportunities / Lots of Micro Managers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - BROKERAGE SERVICE Representative in Austin, TX
    Former Employee - BROKERAGE SERVICE Representative in Austin, TX

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

    Pros

    Professional culture, dedication to customer service, benefits, chance to acquire Series 7 & 63

    Cons

    Managers lacked vision....very few true leaders on the floor. The queue dictated when/if training or team meetings would take place. Bogus sales lead metrics seemed to be on an equal footing with providing resolutions.

    Advice to ManagementAdvice

    Micro-managing does not empower employees. Put more consideration into the metrics you use.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8. Great culture, less than average pay for the industry

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

    I have been working at Charles Schwab

    Pros

    culture, a workplace your can be yourself in. Business casual , or casual-casual, unless the Execs come to town. The Execs dress down the employees dress up-- pretty ironic. Training opportunities are above average.

    Cons

    Career opportunities are coming to rely on Gallup surveys a little too much. Pay is laughable based on all that you do.

    Advice to ManagementAdvice

    Don't lose qualified employees to other firms because of pay and Gallup surveys.

    Recommends
    Positive Outlook
    Approves of CEO
  9. Sr. Manager

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

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

    Pros

    Open organization. Some very talented people.

    Cons

    Geo policies changing all the time.
    Management priorities change often.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  10. Good 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 Charles Schwab

    Pros

    Good process in place. Knowledgeable business units. Lots of diversity in terms of talent.

    Cons

    No WFH available for contractors.

    No opinion of CEO
  11. Good company that treats their employees fairly. Lots of opportunities for internal lateral movement.

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

    I have been working at Charles Schwab

    Pros

    Every 5 years of tenure you get a month long sabbatical. Tiered vacation system where you get more vacation the longer you work there. After 3 years you get 10 hrs/month plus two floating holidays. Generous sick time. Decent pay.

    Cons

    Poor upward mobility. Benefits are decent but not what they once were.

    Recommends
    Positive Outlook

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