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

See Most Recent

Helpful (3)

Soul crushing

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Stock Broker in Phoenix, AZ
Former Employee - Stock Broker in Phoenix, AZ

I worked at Charles Schwab full-time (More than a year)

Doesn't Recommend
Negative Outlook
No opinion of CEO
Doesn't Recommend
Negative Outlook
No opinion of CEO

Pros

Great people, great training, you will not move up!

Cons

Extremely low pay. You are told one thing in on board training and once you get to your desk reality sets in. They do not care about your experience or knowledge, you are rated on your ability to get clients to click on sections of the website and bring in funds. You will NOT be compensated for it. They want robots who drink the Kool aid and monitor every single thing you do. Expect to take phone call after phone call after phone call! Most of what you will be doing will be resetting passwords for people who have no clue about the Internet. Get your 7 and 63 and GTFO!

Advice to Management

Pay your employees! There is a reason everyone wants out!

reviews filtered by
  • Any Location
  • Any Job Title
  1. Helpful (3)

    Lousy work environment - nobody is your friend.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Department Manager in Denver, CO
    Current Employee - Department Manager in Denver, CO

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

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

    Pros

    A job. I guess the ethics are ok. Good deals for Advisors

    Cons

    Everything else. Super micromanaging orwellian culture that makes everyone bitter and on edge. Everyone will throw you under the bus if they think it will get them an extra dime. Hate how they don't appreciate anyone.

    Advice to Management

    Care about employees. Make the departments a team instead of one big dogfight. Impossible to make friends in this culture.

  2. Helpful (6)

    Vice President-Financial Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President, Financial Consultant in San Jose, CA
    Current Employee - Vice President, Financial Consultant in San Jose, CA

    I have been working at Charles Schwab full-time (More than 10 years)

    Neutral Outlook
    Neutral Outlook

    Pros

    Ethical financial guidance;
    Reasonable/affordable product pricing;
    Transparency of fees;
    Great brand name;
    Work/life balance;
    Supportive and collaborative work environment;
    Diverse employee base;
    Embracement of new technologies;
    Good benefits;
    Time to volunteer of 8 hours per year;

    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 products;
    Frequent changes in executive level leadership result in inconsistent policies;
    Opinions of top producers count, but not the others;
    Favoritism hurts morale;
    Quarterly resets burn out even the best calibers;
    Termination after 2-4 quarters of bottom 20% sales: Financial Consultants are treated like disposables within the company while trying to convince clients they are experienced and trusted advisors and will be there for clients for a long time;

    Advice to 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 Financial Consultants, especially those with 10+ years of experiences, and allow for bottom-up feedback and participation instead of only top-down dumping of compensation/advice/product policy changes, campaigns and quotas.

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

See Most Recent

Work at Charles Schwab? Share Your Experiences

Charles Schwab

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.