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

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Great company but limited growth opportunities

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

I have been working at Charles Schwab

Recommends
Disapproves of CEO
Recommends
Disapproves of CEO

Pros

Smart people Ethical firm People treat each other with respect Try to support work-life balance Communication from sr management

Cons

Career path is limited (esp. in SF) Compensation not quite up to par with other comparable firms

Advice to Management

Promote from within Find ways to create career growth opportunities for valued employees Realize that they are going to lose a lot of good people due to low comp and limited career growth

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  1. Helpful (2)

    Used to be a great company

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Registered Representative in Richfield, OH
    Former Employee - Registered Representative in Richfield, OH

    I worked at Charles Schwab

    Doesn't Recommend
    Doesn't Recommend

    Pros

    Fair salary, great benefits, collegial environment

    Cons

    Multiple layoffs, constant reorganzations, sr. management out of touch with customers and clients; middle management driven by politics

    Advice to Management

    Spend some time on the front lines to see what really happens.


  2. Helpful (4)

    Great Company now Mediocre

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

    I have been working at Charles Schwab

    Disapproves of CEO
    Disapproves of CEO

    Pros

    For a firm in financial services, heavy focus on being ethical and helping the individual investor become financially fit. Survived the implosion - did not have to rely on TARP funds. Collegial culture with sense of strong work-life balance. Base salary fairly competitive.

    Cons

    Lack of career path development and opportunities for advancement. For a firm in the financial services, bonus is pathetic. CEO not very well liked; doesn't seem to fit in Schwab culture (SF Headquarters). Lack of diversity at senior and executive management level. Geographic strategy in place to relocate jobs to lower cost areas of the country reducing footprint in San Francisco and negatively impacting level of talent. Constant reorgs and layoffs have decreased morale.

    Advice to Management

    Learn to grow and promote people from the ranks. Why hire a VP with no experience in the business from another firm when you have Directors ready to move to the next level? Likewise with DIrectorships, why not look at talent at the Senior Manager level for opportunities to promote?


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

See Most Recent

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