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

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A fulfilling career that has provided a wealth of experience with a company of high integrity.

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Anonymous Employee
Current Employee - Anonymous Employee
Recommends
Positive Outlook
Approves of CEO

I have been working at Charles Schwab full-time (More than 8 years)

Pros

Unlike traditional brokerage firms, employees at Charles Schwab are salary based employees that are encouraged to always do what is in the best interest of the client. Conflicts of interest are minimal. Continuing education and career advancement are encouraged, and Schwab provides partial tuition and industry exam reimbursement.

Cons

Career advancement within Schwab can be limited by your geographic location. Schwab has their operations geographically diversified across the US, but the main operations are located in San Francisco, Denver, Phoenix, Indianapolis, Orlando and Austin. Proximity to a location with operations that match your career interests can play an important role.

Advice to Management

The mandate of Schwab is meaningful, and the role Schwab plays in reshaping the industry continues to focus on putting the clients' needs first. This is vital and should never change. I would suggest devoting more resources to in-house employee development that focuses on optional training for employees looking to move into senior roles such as team management, fund manager, analysts, product management, etc...

Other Employee Reviews for Charles Schwab

  1. Helpful (2)

    Terrible Benefits, Highly Political

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Charles Schwab full-time

    Pros

    San Francisco Employer, Reasonable Hours

    Cons

    Benefits Package is terrible compared to much smaller companies. High deductible plans for health, dental and prescription benefits while employee also has to pay more per paycheck. Coinsurance portion is higher than comparable and much smaller firms. You are basically forced to self insure. Hope you don't need a doctor for anything less that a catastrophe. Schwartz socks it to the employee. This is a highly political organization where you can't feel free to speak your mind.

    Advice to Management

    Don't be so stingy. Treat your employees with some respect by providing them with decent benefits from a highly profitable company.


  2. Helpful (2)

    We are not in Kansas anymore Toto

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Customer Service Representative in Orlando, FL
    Former Employee - Customer Service Representative in Orlando, FL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Charles Schwab full-time (More than 10 years)

    Pros

    In nearly 20 years I haven't seen a positive about working there!

    Cons

    Unlike the great characters from the wizard of Oz including, the Tin man or the scarecrow, imagine if you will that management is nothing more than Wicked Witches. Who are mean, shellfish and all around plain evil! Think about this the wicked witch of the west was mean and a bit of a bully with targeting Dorothy, The Tin man, Scarecrow and the lion. Schwab mangers are no different with bullying the employees. I am not sure why Schwab has an HR department as I recently learned that they are not there to help out any of the employees but rather there to watch out for the managers.

    Advice to Management

    Get rid of middle management


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

See Most Recent

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