There are newer employer reviews for Charles Schwab

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

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
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 for more than 5 years

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.

Recommends
Positive Outlook
No opinion of CEO

863 Other Employee Reviews for Charles Schwab (View Most Recent)

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  1.  

    Above average

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Institutional Trading  in  Denver, CO
    Former Employee - Institutional Trading in Denver, CO

    I worked at Charles Schwab full-time for more than 5 years

    Pros

    Great Benefits. Good business model.

    Cons

    Office politics are a problem, as with any big company.

    Advice to ManagementAdvice

    Actually pursue employee grievances, not just acknowledge them and file it away.

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    I worked as a Financial Consultant in the branch network.

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Charles Schwab

    Pros

    If you are a self starter and can work without very much management support, this is an ideal situation. The pay consists of a regular salary and potential unlimited bonuses.

    Cons

    The compensation systems changes every 2 years. The advertising claims that all their advice is unbiased and not commission based. That is not a true characterization of how the company rewards their consultants. Their are many incentives to steer clients into advice products that have higher payouts. Consultants are expected to constantly guide clients to fee based services and they have quotas that have to be met or they manage you out of the company. Management support is very minimal.

    Advice to ManagementAdvice

    Design a compensation systems that rewards both good customer service and/or sales. Hire managers that have actual sales experience. Don't listen to outside management consulting firms that have never worked in the brokerage sales field.

There are newer employer reviews for Charles Schwab

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