Charles Schwab - VP-Financial Consultant at Schwab | Glassdoor
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There are newer employer reviews for Charles Schwab

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Helpful (1)

"VP-Financial Consultant at Schwab"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - VP-Financial Consultant
Current Employee - VP-Financial Consultant

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

Pros

Great job for those with 1-2 years industry experience, in their mid-late 20's, as income can be good (approx. $125k average total comp, $200k top performers) for that level of career. However, nowhere to grow from there, no special skills are gained to increase your marketability, etc...

Cons

No long-term career growth potential for branch sales employees

Advice to Management

Less micromanagement, have plan in place to retain long-term employees (sales reps in branches)

Other Employee Reviews for Charles Schwab

  1. Helpful (1)

    "A place to start a career in Finance, not a place to have a career."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Sabbatical after 5 yeas is a great benefit.

    For the most part, management keeps an open door policy and the general feeling is very congenial.

    As part of said open door policy, when it comes to "Employee Engagement" Schwab seems to do a fair amount of listening, quite a large amount of talking - but very little action.

    Cons

    Average pay at best.

    90% of employees loathe their work, but during the "Employee Engagement" survey, everybody is too scared of retribution by management to be honest.

    You will be a part of a machine and treated as such.

    "Chained" to a desk, every piece of your "productivity" is measured and compared to your colleagues. This results in LOTS of manipulation of the productivity data and a frustratingly suspicious and negative work environment. Those that know how to manipulate best are the ones that will be the most successful.

    An example of the above: One of the questions on the Employee Engagement Survey is something to the effect of having a "Best Friend" at work. One manager "ASSIGNED" each of her employees a "Best Friend". During the next survey the team was reminded that each of them had "Best Friends" and to respond appropriately to the survey.

    Advice to Management

    Start treating your employees with more respect and pay a more competitive salary. Happy employees result in happy clients.

    The management and director staff now in place is data driven and cold hearted.


  2. "An ethical company where you can make an acceptable living"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Consultant
    Current Employee - Financial Consultant
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Ethics and the people who work there

    Cons

    You can make a lot more money at other companies if you are a top producer


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

See Most Recent

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