Charles Schwab

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

2 people found this helpful  

TUMULTUOUS

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

I have been working at Charles Schwab full-time (more than an year)

Pros

Good benefits, generous paid time off.

Cons

At Schwab, you will be micro-managed to the inth degree. They don't pay very well either. If you work in the Banking call-center, you will be miserable. I haven't worked there in almost a year and I still have nightmares.

Doesn't Recommend
Positive Outlook
Approves of CEO

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

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  1. 3 people found this helpful  

    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 an year)

    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 ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 10 people found this helpful  

    RUN! Schwab is a dinosaur company that will eat your soul

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager in San Francisco, CA
    Current Employee - Senior Manager in San Francisco, CA

    I have been working at Charles Schwab full-time (less than an year)

    Pros

    The work hours are very easy if 9 to 5 is your ideal this is the place to be. You get swanky leather bound paper notebooks to take notes in. If you are in San Francisco the location is mass transit friendly and centrally located. It will enable you to get to the job interviews you will be setting up after you start working here.

    Cons

    I am horrified by Schwab's outdated technology and tolerance of inefficiency. I SEROUSLY REGRET COMMING TO THIS COMPANY! This is a company that operates from decade old discontinued Compaq computers loaded up with Microsoft 2003! Directors and above can select the equipment they want but you will not be allowed this option. This is the first company I have worked at in the last 15 years where people come to meetings without ipads or laptops. File sharing, calandar syncing, FTP sites, and most of the tools you are accustomed to using are disabled or non existant at Schwab.There is no HR available other than for remote training. If you have any issues tough. There are few training programs. This is an ideal place to be constantly frustrated by inefficiency. The halls are lined with 15 and 20-year employees that are resistant to any change. When there are failures (there are a lot) they become an Schwab cheerleading squad and tell you how innovative they are. You will become sick of hearing the word innovative as you sit in your beige cube at your Formica desk with a Compaq. Your technical work skills will be guaranteed to erode. You will lose 1 to 2 hours work time per day due to IT issues. On the upside they give you nice leather bound paper notebooks so you can take notes. You you will need to have this as you will not be allowed portable technology at Schwab. Beware of the perks of getting to see a financial advisor. These guys will try to put you into Schwab's low earning funds. They have no grasp of emerging technologies or the landscape of the international economy. You will be forced to move all of your accounts to Schwab and will be forced to use their outdated and ugly trading platform. There are minimal holidays off. If you want to know what 1979 felt and looked like, come to Schwab.

    Advice to ManagementAdvice

    Stop saying that Schwab is an innovative company. You ARE a slow motion disaster of outdated thinking and technology. You currently have a 10.7% atrition rate amongst employees you should be alarmed. You cannot attract young or skilled talent due to your antiquated ways.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
There are newer employer reviews for Charles Schwab

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