Charles Schwab - Low Pay, Little Job Growth, Dead-End | Glassdoor
There are newer employer reviews for Charles Schwab
There are newer employer reviews for Charles Schwab

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Helpful (5)

"Low Pay, Little Job Growth, Dead-End"

Star Star Star Star Star
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Registered Representative in Indianapolis, IN
Former Employee - Registered Representative in Indianapolis, IN
Doesn't Recommend
Approves of CEO

Pros

-40 hour work weeks
-Good employee benefits
-Decent amount of vacation/sick time
-A month of paid time and materials to study for your series 7 & 63

Cons

-No room for advancement
-No room for legitimate pay increases and pathetic bonuses
-Likely will have to work at least one weekend day
-Abnormal shift hours

Advice to Management

Simply put, working for Schwab as a Registered Representative is a job and not a career. The pay is pathetic, but in all reality, it doesn't take a whole lot of brains to do this job. If you're looking to get your foot in the door in the financial services world, it's certainly not the worst place to start. You get paid and the resources to study for and take the series 7 & 63 licensing exams which are pretty much requisites for any job in financial services. If you're a recent college grad with a somewhat legitimate degree, you may want to go another rout. This isn't a place for someone with a lot of ambition, or someone looking for a career path.

Other Employee Reviews for Charles Schwab

  1. Helpful (2)

    "Mellow place to work, easy to fly under radar here."

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Associate in San Francisco, CA
    Current Employee - Associate in San Francisco, CA
    Approves of CEO

    Pros

    Very nice mgt. Nice people work here. Not stuck working late..at all. People seem comfortable working here.

    Cons

    They seem to have a bunch of people who work here for a long time and don't wish or try to get promoted. Possibly something that happens in big companies.

    Advice to Management

    Work more with people who are trying to advance career mobility.


  2. "Great"

    Star Star Star Star Star
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Broker in Indianapolis, IN
    Current Employee - Senior Broker in Indianapolis, IN
    Recommends
    Approves of CEO

    Pros

    The people create a fun atmosphere

    Cons

    Those that do not perform are shown the door

    Advice to Management

    Reward high performers more

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

See Most Recent

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