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

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Schwab can be a hard place to work, but also rewarding.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in San Francisco, CA
Former Employee - Anonymous Employee in San Francisco, CA
Recommends
Neutral Outlook
No opinion of CEO

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

Pros

1. SCHW is a values-driven company offering a diverse set of products to consumers who are interested in investing. 2. Diversity is valued. 3. Schwab is a collaborative company (almost overly so). 4. There is an excellent job posting system that allows you to apply for internal positions as long as you have been in your present position for 1 year or more.

Cons

It can be a stressful environment. IT frequently has to meet target delivery dates which have been publicly announced by executives without sufficient analysis as to feasibility. Schwab also tries to save money by stating a strategy of purchasing application systems externally, with the intention of deploying the product with "off the shelf" functionality, e.g. minimal customization. What happens is once the product is brought in-house the business sees its limitations and the "off the shelf" agreement fails, and the pressure is on to deliver the required modifications as close to the original target date as possible.

Advice to Management

Please try to avoid making public delivery commitments without checking in regarding the feasibility.

Other Employee Reviews for Charles Schwab

  1. Helpful (1)

    software developer

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer in Austin, TX
    Current Employee - Senior Software Engineer in Austin, TX
    Recommends
    Neutral Outlook
    No opinion of CEO

    I have been working at Charles Schwab full-time (Less than a year)

    Pros

    work culture is really good and advanced technology

    Cons

    short contract period and always same reason for lay off is budget issue.

    Advice to Management

    none


  2. Very improved after Pottruck was fired

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Representative II in Phoenix, AZ
    Former Employee - Registered Representative II in Phoenix, AZ
    Recommends
    Approves of CEO

    I worked at Charles Schwab full-time (More than 8 years)

    Pros

    Chuck Schwab and Walt Bettinger seem like the real deal ... sincere in caring about both their employees and their customers. The company has been pretty successful in eliminating conflict of interest in the products that the brokers sell. The 'customer comes first' attitude seems to be real again. No longer just lip service.

    Cons

    At least when I left there were still several directors that had yet to convert away from the greed of the Pottruck years. Some departments were clearly happy and doing well. Some were still suffering. Employee incentive still seems to be misaligned at times.

    Advice to Management

    Continue to the return back to Chuck Schwab's founding principles. Do more to make employees also Schwab stock holders. Continue weeding out those directors and managers that are still holding on the 'Pottruck' attitude. You will continue losing your best people until you can really fix the employee experience.


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

See Most Recent

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