There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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By far the best employer that I've ever worked for.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - IT Employee in Phoenix, AZ
Current Employee - IT Employee in Phoenix, AZ

I have been working at Charles Schwab full-time (More than a year)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

Schwab is very particular about the worker that they hire. They will not only test your skills, but your personality and fit for culture as well. Benefits are generous, although there is very little if any tuition reimbursement. VERY good work and life balance. Ample opportunity for advancement. Senior leaders are very smart, tuned in, and actually care. All of them answer e-mail. Will your CEO answer an e-mail with a well thought-out answer that you send him? Walt will.

Cons

Pay can be slightly below market in some areas. Company re-organizes frequently which can be confusing. You must be able to prioritize and juggle many projects at once. Lots of drive-by and last minute "this must be done now" requests.

Advice to Management

This company is great because it's full of smart, talented people. Schwab is a huge target of head hunters looking to steal your greatest assets. Keep this in mind when computing bonus payout percentages.

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  1. Helpful (6)

    The Worst Place I Have Ever Worked! Potential New Hires Researching the Company: DO NOT ACCEPT!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Representative in Indianapolis, IN
    Former Employee - Registered Representative in Indianapolis, IN

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

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

    Pros

    - Several great coworkers - Good insurance (although apparently this has since been ruined...) - The day you leave will bring about a wonderful feeling of freedom.

    Cons

    - Literally everything else. Management does not care to assist you in your job or on the job learning, although most lack the skills to have the ability to help at all. Compensation is poor for the tediousness of answering 70 - 80 phone calls a day (also, new hires will be paid more then you about a year after your hire. Ask for an increase to just balance this out? You will literally have your loyalty question or get fired). Phone calls are the ENTIRE scope of your work (don't let HR lie to you, they purely get compensated for recruiting). You will be judged entirely on having clients click in specific areas and selling less then helpful Schwab tools. If you spend too long helping a client, no matter what wonderful thing you have done for them, you will have a conversation with your manager about call times and helping the client in the least amount of time possible. In other words, get them to click somewhere, transfer money in and hang up immediately. Even though there is no time for training, there are plenty of hours free for team meetings to share what your favorite restaurant is with the group! Turnover is at about 30 - 40%, I literally saw my 12 person team go through about 10 people... in a year. You will get licensed and Schwab will pay for it, but they will hold it over your head every time you are up for a performance review. So, get excited for your possible 2% raise. Bonuses were small during my time, but apparently are getting even worse. They will be around $2,000 to maybe $3,000 a year (this includes $500 quarterly bonuses). You will NEVER receive the "possible" $5,000 to $6,000 bonus. IF YOU ARE CONSIDERING A JOB HERE: Read the reviews. Pretty much every negative one is at least 90% truth. Most positive ones were written by managers, I personally witnessed several.

    Advice to Management

    There is no point in providing advice. The company gets worse and worse in its treatment to employees. 70% of people there are dying to find a new job so they can leave no matter what your "anonymous" employment surveys show.


  2. A great work environment

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Account Retail in Berkeley, CA
    Former Employee - Account Retail in Berkeley, CA

    I worked at Charles Schwab full-time

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    This was one of my first jobs out of grad school and the culture is greta. The human resources element is taken very seriously and the culture is supportive.

    Cons

    retail is hard and depending on the location, if you work at a branch the public can be very difficult. The money is not top tier but then again, its a bank not an iBank.

    Advice to Management

    Allow the junior stars to move up faster.


There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

See Most Recent

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