There are newer employer reviews for Charles Schwab

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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
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  1. Loved it. If I was passionate about Finance I would have stayed

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

    I worked at Charles Schwab full-time

    Pros

    loved my co-workers and managers

    Cons

    They have really Odd hours

    Recommends
    Positive Outlook
    Approves of CEO
  2. Charles Schwab is an ok place to work

    • 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

    Pros

    Great company to get your feet wet

    Cons

    Lots of changes on the horizon

    Recommends
    Negative Outlook
    Disapproves of CEO
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