Charles Schwab Reviews

Updated April 18, 2015
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Employee Reviews

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  1. Challenging work, great people.

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

    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

    CompaNY actually cares about its employees. Good benefits and transparency.

    Cons

    Lack of flexibe work options despite being a technology company. Lack of paternity leave.

    Advice to Management

    Working remotely does not mean lack of collaberation. Trust you employees will work remotely responsibly and ease up on the telecommuting policy to allow employees tOK achieve a better work life balance.

  2. Helpful (1)

    CSR

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

    I worked at Charles Schwab full-time

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

    Pros

    Building was nice and new, good education classes on market fundamentals, free coffee, free popcorn.

    Cons

    Unrealistic expectations from management, cult like atmosphere, poor pay compared to rest of industry. Almost all employee activities are monitored. Incredibly high turnover for Entry Level Jobs. Training does not match job. Very strange dynamic between male and female employees, frequent harassment complaints men and women tend to segregate themselves.

    Advice to Management

    Improve your training to meet. the actually responsibilities of phone reps. Stop treating employees like middle school children. Improve pay.

  3. Good company to work, good benefits.

    Former Employee - Systems Administrator
    Former Employee - Systems Administrator

    I worked at Charles Schwab

    Pros

    Good benefits, nice people, not stressful environment to work.

    Cons

    Low pay, small bonus, not efficient time spending

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  5. This is a good company, good benefits, too many layoffs though.

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

    I have been working at Charles Schwab

    Recommends
    Neutral Outlook
    No opinion of CEO
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Benefits, environment, pay, people, location.

    Cons

    Too many layoffs when not really needed.

    Advice to Management

    layoffs hurt not only the employees and their families, but also the company image and reputation.

  6. Helpful (1)

    Great place as a client, tough place to grow as an employee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Brokerage Service Representative - Retirement Plan Services in Austin, TX
    Current Employee - Brokerage Service Representative - Retirement Plan Services in Austin, TX

    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

    Charles Schwab has great name recognition within the industry, and that leads some instant credibility on the resume. The benefits are solid in my opinion, and most of my coworkers were some of the best people I have ever worked with anywhere. The company has a lot of room to grow. If you want to get your foot into the door in this industry getting licensed at Schwab and putting some time in is a great place to start.

    Cons

    There is very little room to grow as far as your compensation is concerned. Even working your way up through multiple positions you will see your salary grow at an astonishing slow rate. There is an annual bonus, and you better believe they will do everything they can to make sure you don't get it. The higher compensated positions, both incentive and salary based, require significant tenure within the company (read: 5+ years), however it is easier to get into these positions as an outside applicant. During this 5 years, you will be bounced from call center to call center to become further indoctrinated and at the end, your salary may go up by 10%.

    Advice to Management

    Blow up the management structure within Retirement Plan Services because no one in that department knows what they are doing. Stop looking at call center stats like they tell the whole tale of who can manage other people and direct projects.

  7. Schwabbies Rock!

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

    I have been working at Charles Schwab

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

    Pros

    True "family" environment, teams are supportive and focus on leveraging each other's strengths to accomplish tasks.

    Solid values but company still focuses on innovation.

    Pay is strong and bonus program gets stronger every year. Health are on par with industry.

    Cons

    No paid maternity leave like most FORTUNE 500 employers. 401k match could be higher.

    Advice to Management

    Focus on keeping total comp and benefits packages competitive.

  8. Good company to gain experience

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

    I have been working at Charles Schwab

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

    Pros

    Depending on the team, the company is a great place to learn and grow
    Great work culture
    Good benefits

    Cons

    Work/Life Balance could be better

    Advice to Management

    Keep up the good work

  9. Helpful (3)

    Discriminates against Older Employees; unable to retire due to low pay

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

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

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

    Pros

    Challenging work, nice people. Physical spaces provide comfort to employees - sit / stand workstations, company provides better chairs if you ask for one. Nice cafeteria and employee branch.

    Cons

    Few people over the age of 50 work there, and they are absolutely never considered for promotion or internal transfers.
    HR should take a good look at salaries and bonus structure; far too much disparity in pay between staff and upper-levels.
    Rarely will company "take a chance" on promoting from within, but instead hire managers from external pool. Not sure why management doesn't trust their own employees to be considered for promotion.
    Dictatorship-like atmosphere with no room for creativity or expressing opinions allowed.
    Very small cubicles, no privacy.

    Advice to Management

    Staff work just as hard if not more than management but pay is so low, it's ridiculous (at least for Denver area).

  10. Helpful (7)

    If you are over 50 you will be laid off so they can hire younger and cheaper

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

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

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

    Pros

    They used to be great.

    Cons

    It's all about profit for this firm

    Advice to Management

    Come back Chuck

  11. Helpful (1)

    Senior Marketing Manager at Charles Schwab

    • 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

    There is good work and life balance

    Cons

    Not a lot of opportunity for personal growth

    Advice to Management

    No advice for management

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