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

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The company with solid core values

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

I have been working at Charles Schwab full-time

Doesn't Recommend
Positive Outlook
No opinion of CEO
Doesn't Recommend
Positive Outlook
No opinion of CEO

Pros

The people at Schwab work together as a team to serve the customers. This extends to the IT organizations as well. The founder's core value and vision are clear to the company. The best perks are the sabbatical and access to complimentary financial planning.

Cons

Over the years, the company decreases the benefits to all the employees but the bar keep going up. They want the best people but don't compensate them with the best salaries or benefits. People are dispensable as the company decided to move another 1000 jobs away from San Francisco, leaving only jobs related to the header quarter in SF. This follows all the other jobs they moved outside of SF a few years ago.

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  1. They've lost their culture!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President, Financial Consultant
    Former Employee - Vice President, Financial Consultant

    I worked at Charles Schwab full-time (More than 5 years)

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

    Pros

    Many of the employees are good people.

    Cons

    Lost their culture...client is no longer most important!

    Advice to Management

    Listen to the client facing employees and stay to your culture!


  2. They are ok.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant (BET)
    Former Employee - Financial Consultant (BET)

    I worked at Charles Schwab full-time (More than 3 years)

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    As long as Chuck is alive and somewhat involved, the vision will be consistent.
    Health insurance benefits were once better but now about the same as everywhere else. Every 5 years you get a 30 day paid sabbatical.
    Promotions are possible when you start in an entry-level position.

    Cons

    Compensation is decent but you will never get rich.
    Very few people ever start in an entry level position and get past low-level management/supervisor. You get pigeon-holed and they believe you are the same as the day you started no matter what education level you achieve.
    The culture is very cliquish. As long as you can play the corporate politics game well you will be fine but if you can't or don't want to play the game you will not go very far. It is VERY MUCH about the political game.

    Advice to Management

    Management needs to realize that it is okay to have someone other than Branch employees make over $100k as a Financial Consultant.


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

See Most Recent

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