Charles Schwab Reviews | Glassdoor

Charles Schwab Reviews

Updated May 23, 2017
1,626 reviews

Filter

Filter

Full-time Part-time

3.5
Star Star Star Star Star
Rating Trends Rating Trends
Recommend to a friend
Approve of CEO
Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
930 Ratings

1,626 Employee Reviews

Sort: Popular Rating Date

Pros
Cons
  • Being a call center limits flexibility (in 81 reviews)

  • The seems to be a lack of a proper work/life balance (in 28 reviews)

More Pros and Cons

  1. Featured Review

    Helpful (6)

    "Financial Services Professional"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Services Professional in Phoenix, AZ
    Current Employee - Financial Services Professional in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than a year)

    Pros

    There is great leadership at Schwab. They care about your career and if you want to go somewhere, they will help you get there if you put in the effort and show dedication. They are really good at hiring as there's a lot of strong talent.

    Cons

    Not many downsides... It's very busy on the phones. They may be understaffed. If you like competition this is the place to be. There is a lot of strong talent.

    Advice to Management

    Keep up the good work when it comes to hiring. Continue to hire people who care. Stop hiring people fresh out of college with the motivation of money.... they will not last and some of them are even bad for the brand.


  2. Helpful (1)

    "Great Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Trading Specialist in Phoenix, AZ
    Current Employee - Senior Trading Specialist in Phoenix, AZ
    Recommends
    Approves of CEO

    I have been working at Charles Schwab full-time (More than 3 years)

    Pros

    The culture in the workplace is refreshing and the ability to "Own Your Tomorrow" is completely up to you.

    Cons

    There are some technological gaps that could be addressed but the majority of earnings are invested back into the clients. At some point, the investment will need to flow back into the infrstructure.


  3. "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Consultant in Lone Tree, CO
    Current Employee - Senior Financial Consultant in Lone Tree, CO
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab (More than 3 years)

    Pros

    One of the most important aspects of life is everything that isn't work. Schwab knows that and the work-life balance is great. At 3 years service, you get 3 weeks a year of vacation, not to mention sick time, bank/national holidays and 2 floating days to boot. Oh, and Schwab also cares about community - 8 hours of paid time-off for community service.

    The pay-scale is pretty nice. Commission structure is fair and balanced, so if you put in the work you'll have no problem maxing out your 401k each year.

    Great office in Lone Tree - the facilities are top-notch with diverse and flavorful selection of meals in the cafe/grill. Amazing mountain views.

    Cons

    It can be stressful in a sales environment - some people don't have the drive for the position and burn out. There is a weekly/monthly/quarterly leaderboard and you are expected to not be on the bottom.

    Yearly targets increase year after year.

    You're given a book of leads and that's it. Lots of outbound/cold calls.
     Hands off from mgmt (though many people thrive in that position). There are slow days/weeks/months so having a pipeline of clients in process is critical. This means the first 6 months on the job your making your base salary only (plus service pay).


  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5. "Salary"

    Star Star Star Star Star
    Former Employee - Client Service Specialist in Richfield, OH
    Former Employee - Client Service Specialist in Richfield, OH

    I worked at Charles Schwab (More than 3 years)

    Pros

    Sabbatical after 5 years
    Good team environment

    Cons

    Annual payraise not substanial
    Bonuses not guaranteed

    Advice to Management

    Consider allowing flextime or remote work for employees


  6. "Good Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in Indianapolis, IN
    Current Employee - Specialist in Indianapolis, IN
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than a year)

    Pros

    ESPP, Overtime pay, Flexible schedule. Amazing start in the finance industry

    Cons

    You make it your own, no one will help you progress. They rather pay you the same and keep you low level. Don't be that person still on the same team after 5 years. Network!

    Advice to Management

    Innovate more than you can keep up. Let change happen. But thank you for listening to us


  7. "Great environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Dallas, TX
    Former Employee - Financial Consultant in Dallas, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good technology, support for advisors, benefits

    Cons

    Still a discount feel but getting better


  8. "Sr Storage and Backup Architect"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Storage and Backup Architect in Phoenix, AZ
    Current Employee - Senior Storage and Backup Architect in Phoenix, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than 10 years)

    Pros

    Good home and work balance

    Cons

    poor telecommuting policy for all


  9. "Great place to work!"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - IT Staff in Gilbert, AZ
    Current Employee - IT Staff in Gilbert, AZ
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than 10 years)

    Pros

    Lots of flexibility to chart a path of success. The training offered is consistently high quality and readily available. The work culture is by far the best I've experienced.

    Cons

    The Brokerage industry is by nature a highly regulated industry so this has its drawbacks when trying to be and stay on the cutting edge.

    Advice to Management

    Keep supporting change and innovation


  10. "Great Place to work"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President of Marketing in Austin, TX
    Former Employee - Vice President of Marketing in Austin, TX
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Good work life balance, pays well, real mission that makes a difference

    Cons

    No cons to list at this time.

    Advice to Management

    Keep it up.


  11. "Sr Managers"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Manager in Boston, MA
    Current Employee - Senior Manager in Boston, MA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than 5 years)

    Pros

    Room for advancement, good culture

    Cons

    Below industry average pay, particularly if you move up within the company


Showing 1,626 of 1,707 reviews
Reset Filters