Charles Schwab - Best of the brokerage firms. Great company values. | Glassdoor
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There are newer employer reviews for Charles Schwab

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"Best of the brokerage firms. Great company values."

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Investment Consultant
Former Employee - Investment Consultant
Recommends
No opinion of CEO

I worked at Charles Schwab full-time

Pros

Schwab offers thorough training that prepares you to perform your duties confidently and professionally. Employees are encouraged/required to get additional certifications. The company is extremely ethical and emphasizes the client's needs.

Cons

Company marketing initiatives and campaigns are constantly changing and rolled out too frequently. The compensation structure is complex and consists of too many variables/inputs. Quarterly targets are often set too high with seemingly little regard for the demographics of the individual branches.

Advice to Management

Simplify the compensation structure.

Other Employee Reviews for Charles Schwab

  1. "Overall it was a good experience."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Charles Schwab full-time (More than 8 years)

    Pros

    Good opportunities for those who work had and set goals and meet and exceed them.

    Cons

    It is like any other big company, phone center, production based call center.


  2. "They are ok."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant (BET)
    Former Employee - Financial Consultant (BET)
    Recommends
    Approves of CEO

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

    Pros

    As long as Chuck is alive and somewhat involved, the vision will be consistent.
    Health insurance benefits were once better but now about the same as everywhere else. Every 5 years you get a 30 day paid sabbatical.
    Promotions are possible when you start in an entry-level position.

    Cons

    Compensation is decent but you will never get rich.
    Very few people ever start in an entry level position and get past low-level management/supervisor. You get pigeon-holed and they believe you are the same as the day you started no matter what education level you achieve.
    The culture is very cliquish. As long as you can play the corporate politics game well you will be fine but if you can't or don't want to play the game you will not go very far. It is VERY MUCH about the political game.

    Advice to Management

    Management needs to realize that it is okay to have someone other than Branch employees make over $100k as a Financial Consultant.

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

See Most Recent

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