Charles Schwab Reviews

Updated July 4, 2015
1038 reviews filtered by
  • Any Location
  • Any Job Title
  • Full-time
  • Part-time
Employment Status

Reset

1,038 Employee Reviews

Sort: Popular Rating Date
  1. Helpful (1)

    Director

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

    I have been working at Charles Schwab

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

    Pros

    Good Benefits and Sabbatical opportunity.

    Cons

    Geographic Strategy to move jobs out of San Francisco, poor communication and execution. Lack of opportunity for employees not in Denver or Austin.


  2. Helpful (3)

    Terrible company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Professional in Indianapolis, IN
    Current Employee - Financial Services Professional in Indianapolis, IN

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

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

    Pros

    co workers are great to work with

    Cons

    Managers are cutthroat. You don't get paid nearly for all the work that you do. You have to ask to use the bathroom. 30 min lunch for 11 hour days

    Advice to Management

    Listen to what the employees need


  3. Senior Compliance Manager

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

    I worked at Charles Schwab

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

    Pros

    salary, benefits, career, technology, personnel

    Cons

    laying off, management, relocations, human resources


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


  5. Helpful (7)

    Losing its culture

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

    I worked at Charles Schwab (More than 10 years)

    Doesn't Recommend
    Positive Outlook
    Doesn't Recommend
    Positive Outlook

    Pros

    Schwab is an ethical company, which is rare in financial services. It has had a collaborative and cooperative culture. However, the recent emphasis on shipping jobs out of San Francisco to save money sometimes pits employees in different locations against each other. Relocation packages are not as generous as they used to be. There are many talented people, often overworked. 401(k) match is excellent; health insurance is so-so. Great access to financial services through the employee branch. Work-life balance was fairly good. A person gets to develop some great working relationships, though that's harder now with so many people leaving or relocated.

    Cons

    There's a lot of bureaucracy and a lot of fear of regulators. Lawyers rule everything. The old culture of collaboration, cooperation, and innovation is dying, with its death hastened by moving as many jobs as possible out of San Francisco. If you're not in San Francisco, I could recommend the company. But I've given it a thumbs-down because San Francisco is no longer a good location. The current CEO lacks the vision that Chuck and Dave had. EVPs don't appreciate the hard work of the people in their organizations.

    Advice to Management

    Don't isolate yourselves on the 17th floor, acting as if non-officer employees all had Ebola. Talk to people, find out what's happening! You might be surprised.


  6. Helpful (1)

    Technical Support Representative - servicing clients experiencing technical issues on the company's website & app.

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

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    The company has a strong care in the way their clients are treated. Employees assist each other in doing better and advise how to advance further. Managers care about where you see yourself advancing to.

    Cons

    You have to put forth the effort yourself in networking to better understand what will be the best path for advancement.

    Advice to Management

    More informant needed for open possibilities to be promoted to


  7. Helpful (3)

    Sr. Manager

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Charles Schwab

    Pros

    It used to be a great Company when Chuck ran it, and you felt like your work was truly in the best interest of the investor and you felt important.

    Cons

    Now there is a CEO who you hear from every 6 months or so, who has surrounded himself with his prior executives from Cleveland, who have been on a mission to move jobs out of San Francisco. Re-organizations every 8 months, with no clear direction. No appreciation for seasoned staff who have worked for years to get the company through tougher times.

    Advice to Management

    As you try and replace 1200 employees from San Francisco, with less knowledgeable people, for cheaper salaries, just remember, you get what you pay for.


  8. Helpful (1)

    Software Programmer

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

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

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

    Pros

    I loved the learnings in different technologies.
    Good and supportive management.
    Success-oriented work environment

    Cons

    I couldnot find any cons

    Advice to Management

    Keep it up!


  9. Active Investor Trading Services

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Active Trader in Indianapolis, IN
    Current Employee - Active Trader in Indianapolis, IN

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

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

    Pros

    Career development and great teamwork.

    Cons

    Still uses a Mainframe to carry its computers. Its updating servers to improve adoption of new systems.

    Advice to Management

    Improve computer systems.


  10. Great working environment. Workers are very energetic and enthusiastic.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - ASFP in Indianapolis, IN
    Current Employee - ASFP in Indianapolis, IN

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

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Correct company culture.
    Opportunity to steal your career
    Ability to interact with a wide variety of different clients.
    Excellent company to begin a career.
    Unlimited chances to learn

    Cons

    Adherence is preached consistently.
    Company culture is embraced by some as almost 'cult-ish'
    Everyone is highly qualified which causes promotions to be based on relationships too


  11. Helpful (1)

    Profits Before People

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

    I worked at Charles Schwab full-time (More than 5 years)

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

    Pros

    Has one of the best infrastructures in the business. The primary focus is on Security and the customer. Individual staff members are outstanding and very talented.

    Cons

    One of the most uncomfortably restrictive environments that I have worked in. HR does not support staff, only management. Pay is low, benefits are mediocre at best. Reorganizations run rampant and are very disruptive. Too many contract and off-shore positions mean valuable and talented employees are overlooked and often have to leave in the middle of projects. Too many rules, regulations and policies in regards to staff are restrictive and devalue talented employees. People do not matter to this organization on any level.

    Advice to Management

    People matter



Showing 1,038 of 1,067 reviews
Reset Filters
RSS Feed </> Embed

Your response will be removed from the review – this cannot be undone.