Charles Schwab

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817 Employee Reviews (View Most Recent)

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  • Work/Life Balance
  • Senior Management
  • Comp & Benefits
  • Career Opportunities
  • Disapproves of CEO

4 people found this helpful  

If you enjoy company politics and inability to have a career path this is the firm for you.

Senior Bond Investment Specialist (Former Employee) Phoenix, AZ

ProsA few Benefits and working with non-management team members who truly care in an uncaring environment created by non qualified managerment

ConsNo Career Path. Inequality of work loads when other departments are not held accountable. An every changing job description that you did not agree too nor sign onto when hired.Placing fully unqualified directors in charge of departments that they have no experience. Example. Current Director of Fixed Income service was formally manager of an options team who fears those who have experience and turns professional bond traders into call center robots. Treating professionals with no respect and who do not listen to those who have done the job for 20-30 yrs in the bond business. Management who blames without basic gathering of facts and points fingers toward others in department to protect their own jobs and care not about the company nor professionals on team.Management's use vacation days a company approved benefit that a employee receives when employee takes so that it has a negative impact on their production statistics which lowers individual performance statistics (therefore lowers bonuses). A Human Resource (HR) department that is is absent from total view of employees and is a hatchet dept.for the company. Inability of employees to bring up issues that need correction without a fear of losing their jobs. Cover-ups and blatant silence when employees want to discuss important issues.

Advice to Senior ManagementReview your practice of hiring non-qualified management who know nothing about fixed income and are used to dumb-size the professionals and silence their complaints that effect Schwab' clients and workers.Upper management who turn a blind eye to these practices should understand why UNIONIZING the Schwab workforce would be the best thing that could happen to give the employees a voice in many unfair practices brought on by these unqualified management types. I am amazed that non-competent management and directors are in these positions whereby professional fixed income employees have absolutely no respect for and they cannot lead nor add any value to the department. Creating a UNION is a real possibility brought on by Schwab management in this and other brokerage companies. Many departments are already talking amongst themselves about this issue.

No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    My experience was fine but it is definitely a little more stuffy compared to your normal commercial bank

    Senior Accountant (Former Employee) San Francisco, CA

    I worked at Charles Schwab


    Pros: It is a well known and respected name in the Financial Industry. They have the technology for you to work from home… Cons: The downside is that the pay is generally lower compared to the market. In order to make the money that you are use to making,… No, I would not recommend this company to a friend More
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    2 people found this helpful  

    Great Place to Build the Foundation of a Successful Career

    Registered Representative (Current Employee) Englewood, CO

    I have been working at Charles Schwab


    Pros: I have been working at Schwab for a year now and I could not think of a better place to start in the financial world.… Cons: I can only think of two cons. 1) It is a call center so you do take inbound phone calls. However, I have never taken… Advice to Senior Management: You can apply to either a Client Service Representative or a Broker Trainee. If you get hired on as a Broker Trainee you have the… Yes, I would recommend this company to a friend More
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