Charles Schwab
3.1 of 5 799 reviews
www.schwab.com San Francisco, CA 5000+ Employees

799 Employee Reviews (View Most Recent)

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1 person found this helpful  

Good company values, but just "okay" collegues

Senior Manager (Current Employee)
Phoenix, AZ

Pros-Company has a strong moral compass. You can sleep well at night
-Very good relationship with employees. Seldom do you see layoffs, division removals, etc..
-Clients like doing business with the company (for the most part - see below)
-If you are smart and work hard, easy to move up quicker than other companies

Cons-Technology is very dated. Most employees still run Office 2003 and Windows XP, along with mainframe applications
-Employees tend to be older and have little ambition. This creates a workforce of people who are not good at innovating and are averse to change
-Client-facing technology is also dated, and this makes it hard for clients to do business with Schwab. This also creates many client escalations and stress-points
-Pay and bonuses are lower than other broker/dealers

Advice to Senior ManagementMove your stale, non-innovative employees out of the company. Shift away from mainframe and get the company into the 21st century. Stop telling everyone you are a "Challenger Brand" when you hardly ever innovate on anything important. It's annoying and no employees believe in it.

No, I would not recommend this company to a friend

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    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Approves of CEO

    1 person found this helpful  

    Committed to Customers - restrictive culture

    Human Resources (Former Employee)
    San Francisco, CA

    I worked at Charles Schwab as a contractor for more than a year


    Pros: Absolute dedication to it's clients Always ask "is this the right thing to… Cons: Very slow moving Beauracratic Sr. HR leadership is more concerned with their… Advice to Senior Management: Foster Innovation from the bottom up more Yes, I would recommend this company to a friend More
    • Culture & Values
           
    • Work/Life Balance
           
    • Senior Management
           
    • Comp & Benefits
           
    • Career Opportunities
           
    • Disapproves of CEO

    3 people found this helpful  

    A highly trained monkey...

    Registered Representative (Current Employee)
    Indianapolis, IN

    I have been working at Charles Schwab full-time for more than a year


    Pros: My coworkers are a lot of fun - and that's about all I like. I'm writing more… Cons: Low pay - among the lowest in the industry. I have a Series 7 and 63 license, and I make less than $40 grand a… Advice to Senior Management: I don't mind an empty, unfulfilling job that is not challenging or interesting or fun, but at least compensate us well for it. The clients… No, I would not recommend this company to a friend More
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