Charles Schwab

  www.schwab.com
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876 Employee Reviews (View Most Recent)

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1 person found this helpful  

Great company/solutions, quality benefits, somewhat high turnover

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Financial Consultant
Former Employee - Financial Consultant

Pros

Great benefits
1 Month Sabbatical for every 5 years worked
Good products to sell, including SMA accounts, wrap accounts and insurance products.

Cons

Outdated performance review metrics led to a near complete turnover of several offices in the area.
Can you afford to take a sabbatical for one month if your performance is judged quarter by quarter?

Advice to ManagementAdvice

Performance reviews should be more aligned with retention and long term performance, including retention of clients currently enrolled in managed account products

Recommends
Neutral Outlook
Approves of CEO

Other reviews for Charles Schwab

  1. 3 people found this helpful  

    If you want a lowball salary and to drink the Kool Aid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Participnt Services Representative  in  Austin, TX
    Former Employee - Participnt Services Representative in Austin, TX

    Pros

    -Looks good on a resume

    Cons

    -Salary, not only industry lowest. All jobs in area easily pay double the laughable salary they promise. The Bonus is a joke
    -The Management knows nothing about putting in work or rewarding the people who do. They take all the credit and make all the money off your backbreaking work.
    -People put on blinders to whats going on around them what alot of people refer to secretly as "Drinking the Schwab Kool aide"
    -Lateral promotions with next to no difference in pay.
    -Unethical
    -Common practice is work a year, get your license and then get a real job that pays fair.
    -Chained to your desk with the phone cord 9 hours a day

    Advice to ManagementAdvice

    Enjoy it while it lasts since your greed is making the gap between management and the people making the money grow every day.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2. 1 person found this helpful  

    Great benefits. Good company overall

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Staff Software Engineer  in  Austin, TX
    Current Employee - Staff Software Engineer in Austin, TX

    Pros

    All the benefits. Good company culture.

    Cons

    No budget for training and development. You are on your own, Bad attitudes abound, but maybe thats just the overall culture of US companies. Its not OK to say "I dont know".
    Lots of influx from India and jobs going there as well. We will see how that works out.

    Advice to ManagementAdvice

    Start defining what people need to do - define their job and providing the resources for them to do it.

    Recommends
    Positive Outlook
    No opinion of CEO
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