Charles Schwab

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

1 person found this helpful  

Schwab is a great place to work.

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

I worked at Charles Schwab as a contractor

Pros

great benefits, transparency, respectful of clients and employees, highly compliant with all regulations. They invest a lot of time into training and provide positive reinforcement on a regul basis.

Cons

It was difficult to learn their lingo and acronyms.

Recommends
Positive Outlook
Approves of CEO

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

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  1. 1 person found this helpful  

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

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

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

    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 ManagementAdvice

    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.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    VP-Financial Consultant at Schwab

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

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

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