Charles Schwab
3.1 of 5 754 reviews
www.aboutschwab.com San Francisco, CA 5000+ Employees

754 Employee Reviews (View Most Recent)

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10 people found this helpful  

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

Senior Manager (Current Employee)
San Francisco, CA

I have been working at Charles Schwab full-time for less than a year

ProsThe 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.

ConsI am horrified by Schwab's outdated technology and tolerance of inefficiency.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 You will be forced to move all of your accounts to Schwab and will be forced to use their outdated and ugly trading platform.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 Senior ManagementStop 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.

No, I would not recommend this company to a friend

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  • Culture & Values
         
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  • Approves of CEO

6 people found this helpful  

Don't Do It. Look Elsewhere.

Managing Director (Current Employee)
San Francisco, CA

I have been working at Charles Schwab full-time for more than a year


Pros: Very diverse workplace with some exceptional employees. Very client focus driven and most everyone wants to "do… Cons: Sr. level management lacks a clear vision and is in constant change. I found the there to be many who operate in a passive… Advice to Senior Management: People are your greatest asset to run this business. Treat others… No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company… More

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

6 people found this helpful  

Falling behind from a technology standpoint

Managing Director, Marketing (Current Employee)
San Francisco, CA

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


Pros: If your manager allows it, you can work remotely on occasion. Solid values and ethics. Good… 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… Advice to Senior Management: Take a look at the employee rewards and recognition programs and find a way to provide meaningful, public recognition for more employees.… No, I would not recommend this company to a friend More

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