Charles Schwab - A place to start a career in Finance, not a place to have a career. | Glassdoor
There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

See Most Recent

Helpful (1)

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

StarStarStarStarStar
  • 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.

Other Employee Reviews for Charles Schwab

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

    StarStarStarStarStar
    • 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


  2. Helpful (1)

    "Not a job for the ambitious"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    Great people work here. Coworkers feel like a cohesive unit. Everyone smiles and says hi to each other.Great place to get licensed (Series 7 is the MO of Schwab).

    Cons

    Unless you want to take phone calls forever, there are very limited growth opportunities within Schwab. If you know where you want your career to go and you're ambitious, this is not the place for you. You will feel trapped.

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

See Most Recent

Work at Charles Schwab? Share Your Experiences

Charles Schwab
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or