Charles Schwab

www.schwab.com

Charles Schwab Reviews

Updated January 31, 2015
Updated January 31, 2015
937 Reviews
3.2
937 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
551 Ratings

Review Highlights

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 Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Review

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

    I worked at Charles Schwab

    Pros

    Promotions, Long term experience, good client relationship

    Cons

    no cons to report as of now

    Advice to ManagementAdvice

    nothing

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Life at schwab

    • Culture & Values
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Charles Schwab

    Pros

    Great salary, great people, flexible work hous

    Cons

    None, I enjoyed my time at schwab.

    Advice to ManagementAdvice

    Rehire retired employees

    Recommends
  3.  

    Great company, needs to pay better

    • 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

    Great management, all about culture

    Cons

    Lower than average pay at all levels

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    good company

    • 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

    stable and good work life balance

    Cons

    not much room for growth

    Advice to ManagementAdvice

    more internal promotion opportunities

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    Good company

    • 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

    Really great pay and lots of opportunities to promote from within everyone one is nice and managers are always willing to help

    Cons

    Schedules and not standard schedules and could be hard to change even though you can put in a shift bid depending on tenure to change your current schedule

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Awesome company. Chuck Schwab is a quality human.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Manager in Las Vegas, NV
    Current Employee - Operations Manager in Las Vegas, NV

    I have been working at Charles Schwab

    Pros

    Chuck Schwab is worth billions yet still pays his employees a wage which one may raise a family and enjoy the shrinking middle class. Many CEO 's have billions but want to Payless destroying the good old USA.

    Cons

    Working in a large company has its politics. Nepotism can raise its ugly head.

    Recommends
    Neutral Outlook
  8.  

    Intern at Investment Manager Acquired by Schwab

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern in Boston, MA
    Former Employee - Intern in Boston, MA

    I worked at Charles Schwab as an intern (less than a year)

    Pros

    Smart investors with disciplined analytical approach and much to offer in terms of insight and guidance to a young college intern like myself. Sold to Schwab shortly after I left; not sure if employees remain in the picture.

    Cons

    Lack of structured intern program meant some idle time not sure what to do with myself.

    Advice to ManagementAdvice

    Keep acquiring the sort of groups like the one I worked with!

    Recommends
    Positive Outlook
  9.  

    Great company to work for

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Credit Analyst in Reno, NV
    Former Employee - Senior Credit Analyst in Reno, NV

    I worked at Charles Schwab

    Pros

    Excellent benefits, pay and bonus including stock.

    Cons

    Need for recognizing more holidays on a state level.

    Advice to ManagementAdvice

    Keep up the great work and in continuing to be one of the best companies to work for.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service Representative in Phoenix, AZ
    Former Employee - Customer Service Representative in Phoenix, AZ

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

    Pros

    Competitive compensation, extra hours available but not required, clear expectations. Inbound call center with a client base that actually likes the company and services provided.

    Cons

    I can't think of any cons worth mentioning.

    Recommends
    Positive Outlook
    Approves of CEO
  11. 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.

    No opinion of CEO

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Exterior of 215 Fremont Street

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