There are newer employer reviews for Charles Schwab

 

Schwab is Employee and Client Focused

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Vice President, Financial Consultant  in  Oklahoma City, OK
Current Employee - Vice President, Financial Consultant in Oklahoma City, OK

I have been working at Charles Schwab full-time for more than a year

Pros

Charles Schwab tries to balance employee needs and desires with client needs and desires in order to have the perfect mix of happy sales people and happy clients using valuable services. For example, employees have tremendous health insurance benefits, great 401k plan that is 100% vested from day one, sabbaticals of 4 weeks after 5 years service, time off for volunteer work, etc. In addition, Schwab tries to provide a balance for all clients from free services to fee based services as well as one on one time with clients, and customizable solutions.

Cons

Sometimes there is too much focus on one area of opportunity or growth and other areas are neglected and/or seized upon by the competition.

Advice to ManagementAdvice

Simplify the compensation plan.

Recommends
Positive Outlook
Approves of CEO

852 Other Employee Reviews for Charles Schwab (View Most Recent)

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  1. 2 people found this helpful  

    Horrible Managers and Outdated Pay Grade

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

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

    Pros

    The benefits at Schwab are decent and I worked alongside some very qualified colleagues who worked hard and knowledgeable about the industry.

    Cons

    The Management there is absolutely awful. The Manager I had in particular seemed to enjoy pitting team members against each other and causing drama within the Department. For the amount of work that we did along with overseeing billions of dollars in assets, the pay was pretty pathetic with little to no chance for moving up within the company.

    Advice to ManagementAdvice

    The pay grade is very outdated and needs to be addressed. Morale was so low when I left that every one of my colleagues was looking to leave. The technology is extremely outdated and instead of using money to update it, the company seems to just pour more money into the old technology.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2.  

    Good place to get lisicened and learn trading

    Current Employee - Senior Registered Representative  in  Indianapolis, IN
    Current Employee - Senior Registered Representative in Indianapolis, IN

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

    Pros

    Flexible shifts, get your series 7

    Cons

    Call center, not a lot of opportunities for personal interactions with clients

    No opinion of CEO
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