Charles Schwab

  www.schwab.com
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819 Employee Reviews (View Most Recent)

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

Anonymous Employee (Former Employee) San Francisco, CA

Pros1. 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.

ConsIt 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 Senior ManagementPlease try to avoid making public delivery commitments without checking in regarding the feasibility.

Yes, I would recommend this company to a friend

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

    4 people found this helpful  

    Vice President-Financial Consultant

    Vice President, Financial Consultant (Current Employee) San Jose, CA

    I have been working at Charles Schwab full-time for more than 10 years


    Pros: Ethical financial guidance; Reasonable/affordable product pricing; Transparency of fees; Great brand name; Work/life balance; Supportive and collaborative work… Cons: Few career advancement opportunities or options except growing own practice; Employee base is diverse, but management is not; Overly cumbersome paperwork and procedures, especially on advice… Advice to Senior Management: If you would like clients to believe they are dealing with a trusted advisory service provider firm, you need to respect and empower your front-line… More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    Stock Broker

    Stock Broker (Former Employee) Englewood, CO

    I worked at Charles Schwab full-time for more than a year


    Pros: Opportunity to learn a lot about trading, banking, retirement, and finance in general. You also get paid to earn you series 7… Cons: You are a robot. You are told what to say and when. There is no freedom, no creativity, and no individuality. Even your toilet breaks… Advice to Senior Management: Retain your employees for longer with better incentives. This will create… No, I would not recommend this company to a friend More
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