There are newer employer reviews for Charles Schwab

Helpful (6)

Don't Do It. Look Elsewhere.

  • 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 a year)

Doesn't Recommend
Negative Outlook
Approves of CEO
Doesn't Recommend
Negative Outlook
Approves of CEO

Pros

Very diverse workplace with some exceptional employees. Very client focus driven and most everyone wants to "do the right thing". Great opportunity as there are much work that needs to be tended to right away.

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 aggressive manner and create a borderline hostile work environment. In my 20+ successful years in the financial services industry, I have never been treated so poorly while working so hard and producing results. Very phony environment.

Advice to Management

People are your greatest asset to run this business. Treat others with respect and learn to effectively collaborate with those who have experience.

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  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)

    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)

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

    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 Management

    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.

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