Charles Schwab

  www.schwab.com
  www.schwab.com
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7 people found this helpful  

Worst company I have worked for

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

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

Pros

Direct quote from HR to fellow employee, "Well if you don't like it you can go somewhere else, and in this economy good luck." Fellow employee got his license and was still making about 10% less than new hires off the street were hiring in at. He had made all of his "numbers" and had outstanding reviews. Rep came from another department and was treated like a second class citizen. When he met with HR and commented on the fact that strangers off the street were making more than him the response above is was what he got. This i think really is the best Pro to working for the company, you can quit, you don't have to stay, escape is possible. I wouldn't recommend this place to my most hated enemy. I loved this company, it was the company I wanted to work for most of my life and it was a huge disappointment.

Cons

Pay is dismal, as of 2013 they killed the benefits, the management is the worst I have ever seen including my jobs at Kmart and Burger King from high school!!! They manipulate people and offer no room for advancement. Favoritism is at an all time high, I have never seen so much manipulation of power in my life. I have seen great workers held back and watched terrible people succeed. Something akin to a bad movie, the company makes Initech (Office Space) look like a nice place to work. During my 3 year sentence I watched about 250+ people come and go in my small depart that holds at max 45 people! That kind of turnover is a bad sign. It's not just one person in management it's the management overall.

Advice to ManagementAdvice

Fire middle management then yourselves, you have ruined a great company!

Doesn't Recommend
Negative Outlook
No opinion of CEO

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

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  1.  

    Branch Office Compliance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Branch Compliance in Boston, MA
    Former Employee - Branch Compliance in Boston, MA

    I worked at Charles Schwab full-time (more than 5 years)

    Pros

    Was able to learn and was able to work with the branch manager to segregate responsibilities to take on more responsibilities.

    Cons

    You have to drink the cool-aid a bit. But overall, this is a good company to work for.

    Recommends
    Neutral Outlook
    No opinion of CEO
  2.  

    Great place to work

    • 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

    Pros

    Stability, growth and a great work enviornment

    Cons

    I had a great 7 years working there, no cons

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