Charles Schwab

  www.schwab.com
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1 person found this helpful  

Good Benefits, pay a little low

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Registered Representative I  in  Indianapolis, IN
Former Employee - Registered Representative I in Indianapolis, IN

Pros

Good benefits (vacation time, sick time, good health benefits), a lot of opportunities in other departments, time off for volunteering, good work life balance

Cons

Pay is a little low. Employee moral was a little low (but it was during the big downturn in the market). Although there is definitely opportunity to move to other departments, most of the moves are lateral. There isn't a lot of room for upward advancement.

Advice to ManagementAdvice

Keep an eye on what your employees are feeling...bad morale spreads quickly

Recommends
Positive Outlook
Approves of CEO

Other reviews for Charles Schwab

  1. 4 people found this helpful  

    Started really well, career flatlined and ended frustrated.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Registered Representative II  in  Indianapolis, IN
    Former Employee - Registered Representative II in Indianapolis, IN

    Pros

    You can learn one aspect of the industry there. Very all inclusive company in terms of all the services offered.

    Cons

    Management treats their employees awful. Micromangement is rampant. They continually raise your goals to the point where no one can achieve them (Unless you are one of the chosen few who will fast track up the ladder). Not the company that I hired in with years ago. When I have discussions about investing with new people I meet I recommend they do not do business with Schwab due to the poor treatment of the employees.

    Advice to ManagementAdvice

    Get a clue. Stop being so self-serving and treat your employees with respect and share the wealth of success like the old days.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    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

    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
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