Charles Schwab Reviews

Updated September 3, 2015
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1,106 Employee Reviews

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  1. Branch Customer Services

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Positive Outlook
    Disapproves of CEO

    I have been working at Charles Schwab full-time

    Pros

    Great environment, managers want you to succeed.

    Cons

    401k and benefits, complex corporate structure. Before it was employees first, now it's clients first.

    Advice to Management

    Stop cutting cost on employees. Stop relocating employees to another state.


  2. Broker

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Approves of CEO

    I have been working at Charles Schwab full-time

    Pros

    Good culture, intelligent and solid team members.

    Cons

    If you start on the phones you will die there. This is a good position to learn about the industry and get your feet wet if you are right out of college. Remember the goal is to make it to a front-office position

    Advice to Management

    Allow more movement between departments.


  3. Portfolio Consultant

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Consultant in Cave Creek, AZ
    Current Employee - Portfolio Consultant in Cave Creek, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab (More than 8 years)

    Pros

    Many career options at this company.

    Cons

    Not any cons come to mind.


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


  5. Client Services Specialist

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

    Pros

    great benefits- health ins, 401k match, generous PTO, sabbatical time

    Cons

    So focused on sales that sometimes simply helping a client wasn't possible


  6. Helpful (1)

    Sr Staff

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Austin, TX
    Current Employee - Anonymous Employee in Austin, TX
    Recommends
    Positive Outlook

    I have been working at Charles Schwab full-time (More than 3 years)

    Pros

    - Excellent working Environment - Very flexible working hours - WFH options - Great Managers, they work with you through any issues you have - If you want to change the team, they will work with you for same.

    Cons

    - Comparatively less salary with respect to industry stds - Medical - Only HSA available. Not very reasonable.


  7. Helpful (2)

    Great Enviorment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Great people, great culture, stress free place to work.

    Cons

    lower end of average pay compared to the industry.

    Advice to Management

    provide a greater compensation for employees.


  8. Helpful (2)

    Does not understand UI Engineering

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - UI Engineer in Austin, TX
    Former Employee - UI Engineer in Austin, TX
    Doesn't Recommend
    Positive Outlook

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

    Pros

    Not many. Their lack of UI knowledge does not create much opportunity for constructive criticism. Schwab's focus is on a dated hierarchical culture before working as a team to create better technology.

    Cons

    They have adapted TypeScript and Angular as front end technology. On the surface, the code looks brilliant, well organized, and highly functional. As you peel back the layers, you see many anti-patterns, and a very unprofessional attitude among leads enforce these anti-patterns. Schwab has this hierarchy leadership culture that does not easily permit new knowledge and ideas, especially from contractors. It's a very dated mindset, where as open source technology facilitates communal contributions. TypeScript is used as an excuse not to learn Angular properly. Inheritance is strongly favored over composition, with deep layers of super classes. This creates, ironically, very tight coupling to dead code and unused functionality, so refactoring and clean up is a major task that takes weeks. A lot of money is wasted working in poor architecture. Angular controllers are +10k lines. Overuse of Angular logic in html ( ng-if, ng-show, ng-init ), which are well documented anti-patterns. They have no clue how to create and use directives properly to fix these issues. Routes are used like services to re-use controllers, where services should be used. Hence the +10k lines in controllers. Where as routes should be used for deep linking, and not necessarily for state management. They have to use variable swaps to keep data "organized". Very fragile code. They clearly do not understand modularization and separation of concerns. Use of TypeScript causes memory leaks and fragile functionality, where if they learn angular, this would not be an issue as much. Worst of all, leadership blames "inexperienced" people of poorly written code and bugs, yet they approve every line committed via code reviews. They take no responsibility of work submitted. By this workflow, they should be accountable for everything. In other companies and industries, leadership takes full responsibility in a similar workflow. The lead architect and team leads facilitate this culture of non-collaboration, as if they will lose their job for fear of incompetence if they listen to other people objectively. When presenting Angular Standards to leadership, you will hear excuses like "all that javascript", "we need to do that in TypeScript", The senior developers facilitate this attitude. If they would adopt angular standards more, and not typescript or outdated web standards, they could reduce their code base by 70% to have a more performant and secure architecture. As a result, the bugs in their apps are infinite.

    Advice to Management

    Have you and your teams learn technology thoroughly before you use it. Research the technology standards, and LISTEN to the community if they communicate anti-patterns. Google search is an excellent learning tool.


  9. Helpful (1)

    Schwab A-Okay

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Excellent culture, nice campus, and good benefits

    Cons

    Changing times for wire brokerages in the face of industry and technology shift

    Advice to Management

    N/A


  10. Helpful (4)

    Management is less experienced than staff

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in San Francisco, CA
    Current Employee - Senior Manager in San Francisco, CA
    Neutral Outlook
    No opinion of CEO

    I have been working at Charles Schwab full-time

    Pros

    Great live-work balance, but it comes at price... Low salaries.

    Cons

    Promotions are politically based and often the less qualified applicants get the job. Staff knows A LOT more than management.

    Advice to Management

    Prompt the most qualified people, not just those who are in Walt's old boys club.


  11. Helpful (1)

    Charles Schwab

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Staff Software QA Engineer in San Francisco, CA
    Current Employee - Senior Staff Software QA Engineer in San Francisco, CA
    Recommends
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Smart people. Month-long sabbaticals every 5 years.

    Cons

    Poor insurance coverage options, loyalty unrewarded



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