Charles Schwab - Stock Broker | Glassdoor
There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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Helpful (2)

"Stock Broker"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Stock Broker in Englewood, CO
Former Employee - Stock Broker in Englewood, CO
Doesn't Recommend
Neutral Outlook
Disapproves of CEO

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

Pros

Opportunity to learn a lot about trading, banking, retirement, and finance in general. You also get paid to earn you series 7 and 63. It teaches you how to talk confidently and professionally on the phone. It's a great job to get into the business.

Cons

You are a robot. You are told what to say and when. There is no freedom, no creativity, and no individuality. Even your toilet breaks are timed. Promotions are very competitive, and only given to those who fit the corporate mold. Lots of time spent on the phone with angry customers. There are always new people, so things are always messed up.

Advice to Management

Retain your employees for longer with better incentives. This will create efficiency by having a knowledgable staff that can serve the clients better.

Other Employee Reviews for Charles Schwab

  1. "Great Company to work for"

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

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

    Pros

    Diverse culture, Higher then average pay, collaborative environment, employee focused with emphasis on growth development.

    Cons

    Long hours attributed to staffing issues.


  2. "Schwab can be a hard place to work, but also rewarding."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in San Francisco, CA
    Former Employee - Anonymous Employee in San Francisco, CA
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Charles Schwab full-time (More than 10 years)

    Pros

    1. SCHW is a values-driven company offering a diverse set of products to consumers who are interested in investing. 2. Diversity is valued. 3. Schwab is a collaborative company (almost overly so). 4. There is an excellent job posting system that allows you to apply for internal positions as long as you have been in your present position for 1 year or more.

    Cons

    It can be a stressful environment. IT frequently has to meet target delivery dates which have been publicly announced by executives without sufficient analysis as to feasibility. Schwab also tries to save money by stating a strategy of purchasing application systems externally, with the intention of deploying the product with "off the shelf" functionality, e.g. minimal customization. What happens is once the product is brought in-house the business sees its limitations and the "off the shelf" agreement fails, and the pressure is on to deliver the required modifications as close to the original target date as possible.

    Advice to Management

    Please try to avoid making public delivery commitments without checking in regarding the feasibility.

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

See Most Recent

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