882 Employee Reviews (View Most Recent)

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Great Group of People to work for

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

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

Pros

Management makes you feel like a valuable asset to the company, not just a number. Great benefits and paid time off.

Cons

Call center environment. Small bank with limited ability for growth at this time.

Recommends
Positive Outlook

Other Reviews for Charles Schwab

  1.  

    Good place to work

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

    I have been working at Charles Schwab full-time for more than 10 years

    Pros

    Good work/life balance
    Stable company
    Good salary and benefits
    Paid Sabbatical every 5 years is truly awesome

    Cons

    A little bureaucratic/political, especially between internal groups
    Not all of your fellow employees are fully engaged
    Company is very conservative when it comes to new technologies

    Recommends
    Neutral Outlook
    Approves of CEO
  2. 1 person found this helpful  

    Good company values, but just "okay" collegues

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

    I have been working at Charles Schwab full-time for more than 8 years

    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 ManagementAdvice

    Move 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.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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