Charles Schwab

www.schwab.com
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6 people found this helpful  

Working at Schwab is not for the faint of heart.

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

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

Pros

Time passes quickly because there is so much work to do because most departments are understaffed; employees have very strong work ethic and want to do the right thing for Schwab's clients.

Cons

Few opportunities for movement for existing employees in San Francisco; few promotional opportunities for director level employees; culture does not promote work/life balance; leadership priorities change often leaving everyone scrambling; frequent organizational restructures with little regard for employee skills, experience, career interest or desires; only the projects deemed"sexy"receive recognition with monetary reward heavily weighted towards those leading them;

Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

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  1. 3 people found this helpful  

    A great company that is not so great to work for.

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

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

    Pros

    Good vision, product & services; relevant to the marketplace. Legally and ethically sound organization. Promotes diversity in management. Strong group of employees.

    Cons

    If you are hired in below your experience (something that happens to many in this economy) you will almost never advance. Low pay compared to similar jobs with other companies. Culture is very slow to consider or accept change. Lower level managers/directors are more motivated to pace themselves and their teams to extend their job security. Bureaucracy rules and mediocracy is the result.

    Advice to ManagementAdvice

    Ask of each director, "do you have 20 years experience or 1 years experience - 20 times?"

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  2. 6 people found this helpful  

    Falling behind from a technology standpoint

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

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

    Pros

    If your manager allows it, you can work remotely on occasion. Solid values and ethics. Good ability to move around from department to department, provided there are jobs you are interested in open.

    Cons

    Workforce is stretched too thin. Frequent reorganizations make it hard to know who has ownership/responsibility when issues arise. Technology infrastructure is seriously outdated and results in frequent frustration/loss of productivity for employees. Some groups rarely promote employees and are reluctant to make salary adjustments for long-time employees, resulting in many high performers leaving the firm to obtain a better title/salary.

    Advice to ManagementAdvice

    Take a look at the employee rewards and recognition programs and find a way to provide meaningful, public recognition for more employees. And work on implementing a social media monitoring program so employees are not blocked from using all sites with a social aspect.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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