Charles Schwab

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

 

very professional environment

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

I worked at Charles Schwab as a contractor (more than an year)

Pros

collaborative team effort. good benefits. at your own initiative you can develop and grow your career path. everybody is very approachable from managers, business partners, tech support and change management staff.

Cons

lots of politics at the higher level but if you are in a non-managerial position you're position should be safe unless the economy is really bad .

Advice to ManagementAdvice

eliminate politics if possible.

Recommends
Neutral Outlook
Approves of CEO

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

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  1. 2 people found this helpful  

    Absolute worst company to work for-read details below

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

    I worked at Charles Schwab full-time (more than 3 years)

    Pros

    Easy work hours. A few smart people who care still around to make the company function.

    Cons

    1. The management pressures employees to vote Republican. Fox new is blaring all the time in the cafeteria.
    2. No mentoring-no promotion path. Company is very indifferent to its employees and managers manage up all the time. SInce the company has continuous layoffs, there is no effort to mentor or move people up. Lack of clear criteria for promotion means that "self promoting" individuals have a greater chance of moving up than people who work extremely hard.
    3. The company is deeply immoral and double faced about its approach to its customers. Specifically outsourcing company employees can view customers social security numbers, addresses and all the private information about clients opening the door for all kinds of privacy violations.
    4 Since we are on the immoral front, I used to work in an area where we were supposed to give objective advice to people about how to manage their wealth. Against all ethical norms, we were instructed to "float" Schwab mutual funds to the top so clients would buy them, even though they substantially underperformed other mutual funds in the offering.
    5. Schwab equity ratings are rigged to perform well against Barron's valuation and any claims against performance are to say the least, marketing fluff.
    6. Technology is old and obsolete. Do not expect Schwab to utilize new technologies. They still have a mainframe, with technology typically five years behind. To make things worse management has no interest in technology innovation-on the contrary if you are on the technology side you will constantly feel like a secondhand employee.

    Advice to ManagementAdvice

    If you are honest leave. If you are not, you are in a good place-stay.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 3 people found this helpful  

    Unfulfilling

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

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

    Pros

    There are a lot of great people working there.

    Cons

    Manager drones all the same.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Charles Schwab

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