Charles Schwab

  www.schwab.com
  www.schwab.com
There are newer employer reviews for Charles Schwab

 

Good culture but the company needs to do more to keep its employees

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Premier Lending Associate in Englewood, CO
Former Employee - Premier Lending Associate in Englewood, CO

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

Pros

Benefits are great. I met some very smart and hardworking people at Schwab, its a shame that they arent rewarded like they should be.

Cons

Pay is on the low end for most entry level type jobs and the company hasn't given good raises or bonuses since 2007. While I was there, the attitude from leadership seemed to be one of "If you don't like your job than hit the road because we can find someone else." What ever happened to viewing employees as assets rather than seat fillers?

Advice to ManagementAdvice

Work harder to reward everyone who does a good job, not just the top 5% of performers. Stop making excuses on why you can't pay more and become more competitive with peer companies in terms of compensation.

Doesn't Recommend
Neutral Outlook
Approves of CEO

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

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  1.  

    Great for entry level

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Advisor in Orlando, FL
    Former Employee - Advisor in Orlando, FL

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

    Pros

    Good benefits (vacation time, sick time, good health benefits). Good salary. Very good image for clients and future employers. Great traning

    Cons

    Very little input into workflow even if you can improve it. New employees usually gets assigned to late shifts. Opportunity to move to other departments, but it is mostly horizontal

  2. 2 people found this helpful  

    Horrible place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Relationship Specialist in Orlando, FL
    Former Employee - Senior Relationship Specialist in Orlando, FL

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

    Pros

    Benefits - some of the best and most affordable that I've ever had

    Cons

    Pretty much everything - managers that play favorites and don't support their employees, limited potential for upward movement since bonuses are pooled and your manager has to fight to get you anything. Limited promotional opportunities - these are pooled as well - and if you try and move to a different department, they offer it as a lateral move, rather than recognize previous service and recognition and provide a raise.

    Communication is HORRIBLE. Their idea of good communication is to send out an email, send out a correction, send out a retraction, and start the same process over. This goes for internal policies and procedures, as well as to communications with clients and their advisors.

    While benefits are pretty great, compensation is not at all acceptable. They admittedly pay less than the market average, and have no plans to change that. They also try and tell you that there is no room for off cycle promotions or exceptional merit increases (rather than the standard 2%), yet you constantly hear about people who have been given both, and their work is substandard. It is all about who you know, rather than how well you do the job.

    Doesn't Recommend
There are newer employer reviews for Charles Schwab

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