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

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Helpful (1)

Generally a good company to work for. Like any large company it has niches of excellence.

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

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

Recommends
Positive Outlook
No opinion of CEO
Recommends
Positive Outlook
No opinion of CEO

Pros

Historically a technology focused company, and still strives to be a technology forerunner.

Cons

Few promotional opportunities. Usual pattern is to give employees more responsibilities without actually granting a promotion or raise. Management can be inconsistent, some excellent managers, others not so.

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  1. Culture and knowledge

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Representative in Denver, CO
    Current Employee - Registered Representative in Denver, CO

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

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Schwab has a strong culture that rewards and encourages innovation. While engagement differs among teams, on the whole it is evident that Schwab will reward you if you put in the effort. Most of management is transparent and willing to share knowledge in order to develop employees.

    Cons

    There are a lot of lifer employees who are disengaged. This can make it harder to stay positive in the work environment. There are bad managers who continue to get promoted.


  2. Helpful (6)

    Used to be employee focused- now it's all about shareholders & management greed

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

    I have been working at Charles Schwab full-time (More than 10 years)

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    if you are fresh out of college- come get licensed & move out of Schwab quickly, if you are twenty something aspiring to manage people- drink the cool aid, latch on to a director and prove you will do anything for the company.

    Cons

    - no respect for long ternured employees with 10-20 years of service - pay is far below the competitive range in the financial services industry - pay more for your healthcare while make you less year after year as bonuses and annual merit increases shrink and disappear - management focused purely on metrics, performance and NOT on the overall well being of employees. - employees are just cogs in the machine- when it breaks- replace it with a shiny new one - no career advancement- except for the cool aid drinkers and favorite manager's pets

    Advice to Management

    - come out of your ivory towers and see how "real working folks" support your lifestyle and stock options - have some empathy & start rewarding and paying CFP professionals better OR once we get a stronger employment cycle- you will see an exodus of talent out of schwab' door compliments of your greed, short sightedness, and lack of accountabliity to the most important asset you have- the talented but very unappreciated people working at schwab.


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

See Most Recent

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