Charles Schwab Reviews

Updated Aug 7, 2020

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3.6
66%
Recommend to a Friend
88%
Approve of CEO
Pros
Cons
  • "A little tense to work at the call center(in 131 reviews)

  • "Lots of churn in upper management--reorganizing for the sake of it(in 53 reviews)

More Pros and Cons
  1. Featured Review

    "Great place to work"

    5.0
    Current Employee - Vice President Financial Consultant 

    I have been working at Charles Schwab full-time

    Pros

    great culture, they really care about their employees

    Cons

    constantly changing things, goals and quotas and what is important to focus on

  2. "Good"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Software Engineer in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Charles Schwab full-time for more than a year

    Pros

    Lots of free time for innovation

    Cons

    dress code, mainframe work sometimes


  3. "Metrics Focused - Walmart of Financial Services for A Reason"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Associate Private Client Advisor in Indianapolis, IN
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time for more than 3 years

    Pros

    Easy to move around in the company, pretty laid back

    Cons

    super metrics focused, they care more about the number of calls you take or clients you talk to per day than if you did a good job managing the practice, there is not much opportunity to move out of retail, well known that they pay the lowest in the industry, if you want to move up you have a better chance of doing so by leaving the company to get a raise or a better job title.

  4. "Overall great company"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Product Manager in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time for more than 10 years

    Pros

    Great culture, employees truly care about clients and helping them become financially fit

    Cons

    Sometimes hard to move quickly due to bureaucratic processes

  5. "Great culture & leadership"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Managing Director in Lone Tree, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Charles Schwab full-time for more than a year

    Pros

    Great culture, transparency in leadership, good work/life balance

    Cons

    Too big and clunky; get in their own way. Not the modern experience for employees that they tout for their clients.

  6. "Large breadth of financial knowledge needed. White glove service expected."

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Associate Private Client Advisor 
    Recommends
    Positive Outlook

    I have been working at Charles Schwab full-time for more than 3 years

    Pros

    Schwab has a wonderful team model and will avidly support your goals and has a program to reimburse costs to attain the CFP designation while working, amongst others. An amazing position to be in if you aspire to become a Private Client Advisor and run your own practice of 180-200 clients. Bonus + salary, no commission. Very steady job. Series 7 and 66 required. Interest in attaining CFP or if already a few modules in will help in an interview. Must be coachable.

    Cons

    Like any large company, any “bubbling up” of ideas can be difficult and the resulting change can lag due to bureaucracy.

  7. Helpful (2)

    "Learn more than you could in school"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Senior Specialist, High Net Worth Representative in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time for more than 3 years

    Pros

    Phenomenal company, fantastic HR and management, great learning experience and work culture

    Cons

    The work itself is draining. After 2.5 years, I'm so exhausted of work that I'm looking for a new job.

    Continue reading
  8. Helpful (1)

    "Schwab is... okay"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Operations Associate in Orlando, FL
    Doesn't Recommend
    No opinion of CEO

    I worked at Charles Schwab full-time for more than a year

    Pros

    Not many pros to speak of. Just a stable as they come company

    Cons

    Benefits, pay, lack of career development

  9. "Managing Director"

    5.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Managing Director in Austin, TX
    Recommends
    Positive Outlook

    I have been working at Charles Schwab

    Pros

    Good compensation and benefits Collaborative culture Technology focused Work life balance Great place to work

    Cons

    Laid back pace of work Too many processes

  10. "Stability"

    4.0
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Finance Specialist in Denver, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time for less than a year

    Pros

    Stable company to work in.

    Cons

    The security can be a bit much.

Found 2497 reviews