Charles Schwab - Horrible Managers and Outdated Pay Grade | Glassdoor
There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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Helpful (5)

"Horrible Managers and Outdated Pay Grade"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Anonymous Employee in Phoenix, AZ
Former Employee - Anonymous Employee in Phoenix, AZ
Doesn't Recommend
Negative Outlook
No opinion of CEO

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

Pros

The benefits at Schwab are decent and I worked alongside some very qualified colleagues who worked hard and knowledgeable about the industry.

Cons

The Management there is absolutely awful. The Manager I had in particular seemed to enjoy pitting team members against each other and causing drama within the Department. For the amount of work that we did along with overseeing billions of dollars in assets, the pay was pretty pathetic with little to no chance for moving up within the company.

Advice to Management

The pay grade is very outdated and needs to be addressed. Morale was so low when I left that every one of my colleagues was looking to leave. The technology is extremely outdated and instead of using money to update it, the company seems to just pour more money into the old technology.

Other Employee Reviews for Charles Schwab

  1. Helpful (1)

    "Schwab is Employee and Client Focused"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President, Financial Consultant in Oklahoma City, OK
    Current Employee - Vice President, Financial Consultant in Oklahoma City, OK
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Charles Schwab tries to balance employee needs and desires with client needs and desires in order to have the perfect mix of happy sales people and happy clients using valuable services. For example, employees have tremendous health insurance benefits, great 401k plan that is 100% vested from day one, sabbaticals of 4 weeks after 5 years service, time off for volunteer work, etc. In addition, Schwab tries to provide a balance for all clients from free services to fee based services as well as one on one time with clients, and customizable solutions.

    Cons

    Sometimes there is too much focus on one area of opportunity or growth and other areas are neglected and/or seized upon by the competition.

    Advice to Management

    Simplify the compensation plan.


  2. "Charles Schwab is a great place to work."

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

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

    Pros

    Charles Schwab has a great culture.

    Cons

    The bulk of the opportunities are usually in a just a few metro areas.

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

See Most Recent

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