Charles Schwab - Last one out, turn off the lights | Glassdoor
There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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Helpful (7)

"Last one out, turn off the lights"

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Specialist in Phoenix, AZ
Current Employee - Senior Specialist in Phoenix, AZ
Doesn't Recommend
Negative Outlook
Disapproves of CEO

I have been working at Charles Schwab full-time (More than 8 years)

Pros

Co-workers are great.... and well... co-workers are great. Schwab used to be a great place to work, however, the environment has certainly changed.

Cons

Pay is embarassing.
Upper management is completely disconnected.
The bulk of middle management are in the business of collecting checks, as opposed to working
Human resources has no clue what skills are needed for financial services.. I honestly question where they find these people.

Advice to Management

Start from scratch. The entire E-board has run this company straight into the ground.

Other Employee Reviews for Charles Schwab

  1. Helpful (1)

    "Good culture but the company needs to do more to keep its employees"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Premier Lending Associate in Englewood, CO
    Former Employee - Premier Lending Associate in Englewood, CO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    Benefits are great. I met some very smart and hardworking people at Schwab, its a shame that they arent rewarded like they should be.

    Cons

    Pay is on the low end for most entry level type jobs and the company hasn't given good raises or bonuses since 2007. While I was there, the attitude from leadership seemed to be one of "If you don't like your job than hit the road because we can find someone else." What ever happened to viewing employees as assets rather than seat fillers?

    Advice to Management

    Work harder to reward everyone who does a good job, not just the top 5% of performers. Stop making excuses on why you can't pay more and become more competitive with peer companies in terms of compensation.


  2. Helpful (3)

    "good luck"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Chicago, IL
    Former Employee - Financial Consultant in Chicago, IL
    Doesn't Recommend
    Disapproves of CEO

    I worked at Charles Schwab full-time (More than a year)

    Pros

    Well respected brand, with strong marketing and walk in traffic

    Cons

    a nearly impossilble to understand, ever changing compensation quota system.
    A near cult like culture, don't even think about straying from company line no matter how innocent you think a suggestion might be.

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

See Most Recent

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