Charles Schwab - Decent management; old technology and slow to change. | Glassdoor
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There are newer employer reviews for Charles Schwab

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Helpful (7)

"Decent management; old technology and slow to change."

StarStarStarStarStar
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Senior Staff Software Engineer in Austin, TX
Former Employee - Senior Staff Software Engineer in Austin, TX
Doesn't Recommend
Neutral Outlook
No opinion of CEO

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

Pros

My manager was easy to get along with and didn't micro manage. Good work/life balance. Covered parking. Free financial advice. Matching 401k up to 5%. Employee stock purchase plan with 15% discount.

Cons

1. Stuck on old technology and outdated versions of open source software.
2. Pet employees get better hardware than others.
3. A "normal" annual raise doesn't even keep pace with inflation.
4. You're stuck in a very noisy cubicle farm.
5. Not much interaction between your coworkers.
6. Health insurance is a Health Savings Account with a HIGH deductible.
7. They bring in contractors to work on the latest proof of concept ideas using HTML5, Javascript, etc. while many of the employees are supporting the real world apps that make the business run. This leave no time to increase your skills.

Advice to Management

Pay market wages for Austin, TX.
Get rid of the HSA with the high deductible and return to a Preferred Provider plan with copays.

Other Employee Reviews for Charles Schwab

  1. "Good place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Managing Director in San Francisco, CA
    Current Employee - Managing Director in San Francisco, CA
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    work/life balance is very good.

    Cons

    bonuses are not what they should be


  2. Helpful (1)

    "Ugly Politics and back stabbing"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Senior Programmer/Analyst in San Francisco, CA
    Former Employee - Senior Programmer/Analyst in San Francisco, CA
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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

    Pros

    They have 2 days work from home options which is awesome for an employee.

    Cons

    It used to be great company to work for. Last few years lot of politics from senior management made this company a very bad environment. Pay is miserable.

    Advice to Management

    Decrease some upper management politics. Employees getting suffered.

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

See Most Recent

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