There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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Helpful (1)

good luck

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Financial Consultant in Chicago, IL
Former Employee - Financial Consultant in Chicago, IL

I worked at Charles Schwab full-time (More than a year)

Doesn't Recommend
Disapproves of CEO
Doesn't Recommend
Disapproves of CEO

Pros

Well respected brand, with strong marketing and walk in traffic

Cons

a nearly impossilble to understand, ever changing compensation quota system.
A near cult like culture, don't even think about straying from company line no matter how innocent you think a suggestion might be.

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  1. Great for entry level

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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. Helpful (2)

    Horrible place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    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)

    Doesn't Recommend
    Doesn't Recommend

    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.


There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

See Most Recent

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