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

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VP-Financial Consultant at Schwab

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - VP-Financial Consultant
Current Employee - VP-Financial Consultant

I have been working at Charles Schwab full-time (More than 5 years)

Pros

Great job for those with 1-2 years industry experience, in their mid-late 20's, as income can be good (approx. $125k average total comp, $200k top performers) for that level of career. However, nowhere to grow from there, no special skills are gained to increase your marketability, etc...

Cons

No long-term career growth potential for branch sales employees

Advice to Management

Less micromanagement, have plan in place to retain long-term employees (sales reps in branches)

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  1. Excellent

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

    I worked at Charles Schwab full-time (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Innovative
    Cutting edge
    Culture is full of nice people who want to do right by their clients and colleagues

    Cons

    Tough industry to be in right now
    Growth potential can be limited once you get to a more senior management level

    Advice to Management

    Keep taking good care of your clients and your employees!


  2. Helpful (1)

    A place to start a career in Finance, not a place to have a career.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Sabbatical after 5 yeas is a great benefit.

    For the most part, management keeps an open door policy and the general feeling is very congenial.

    As part of said open door policy, when it comes to "Employee Engagement" Schwab seems to do a fair amount of listening, quite a large amount of talking - but very little action.

    Cons

    Average pay at best.

    90% of employees loathe their work, but during the "Employee Engagement" survey, everybody is too scared of retribution by management to be honest.

    You will be a part of a machine and treated as such.

    "Chained" to a desk, every piece of your "productivity" is measured and compared to your colleagues. This results in LOTS of manipulation of the productivity data and a frustratingly suspicious and negative work environment. Those that know how to manipulate best are the ones that will be the most successful.

    An example of the above: One of the questions on the Employee Engagement Survey is something to the effect of having a "Best Friend" at work. One manager "ASSIGNED" each of her employees a "Best Friend". During the next survey the team was reminded that each of them had "Best Friends" and to respond appropriately to the survey.

    Advice to Management

    Start treating your employees with more respect and pay a more competitive salary. Happy employees result in happy clients.

    The management and director staff now in place is data driven and cold hearted.


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

See Most Recent

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