There are newer employer reviews for Charles Schwab

2 people found this helpful

Working here could be so much better

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

I have been working at Charles Schwab full-time (more than 5 years)

Pros

Stability, decent benefits (in line with industry), generally good work-life balance,

Cons

Highly political environment. Big and slow moving. Very conservative and so lots of red tape. Each day appears filled with endless presentations about what we're going to do and not many people actually doing the work. Yet everyone seems to have to justify their job by constantly complaining about how busy they are

Advice to ManagementAdvice

Encourage more promotion from within. Be more aggressive with progress and more ruthless with the disruptive employees.

Doesn't Recommend
Positive Outlook
Approves of CEO
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  1. 2 people found this helpful

    Work as hard as you would at a full-service brokerage or wirehouse for much less pay

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

    I have been working at Charles Schwab full-time (more than 3 years)

    Pros

    Good reputation and respected brand, one month paid sabbatical after 5 years, very good 401k with employer match.

    Cons

    Very low base salary for experienced licensed professionals and very low bonus payout. Micromanagement to the extreme. Outdated and cumbersome technology.

    Advice to ManagementAdvice

    Pay your professionals, who are providing clients help and guidance and financial planning, a better salary and quit changing the compensation plan every year. It is ridiculous that reactive call center reps are compensated better on sales than your branch personnel who are expected to be proactive sales people.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 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 (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
There are newer employer reviews for Charles Schwab

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