Charles Schwab

www.schwab.com
There are newer employer reviews for Charles Schwab

 

The company with solid core values

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
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

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.

Doesn't Recommend
Positive Outlook
No opinion of CEO

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

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  1.  

    They've lost their culture!

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

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

    Pros

    Many of the employees are good people.

    Cons

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

    Advice to ManagementAdvice

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

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  2.  

    They are ok.

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

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

    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 ManagementAdvice

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

    Recommends
    Approves of CEO
There are newer employer reviews for Charles Schwab

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