Charles Schwab Reviews

Current Employee – been working at Charles Schwab full-time for less than a year

Pros – Everyone is very passionate about the company and provided great training. They offer a good starting salary along with bonus opportunities.

Cons – In certain departments, the training is lengthy so they require you to stay in your role for a min. of 18 months before you may consider transferring to another position.

Advice to Senior Management – Overall satisfied with the working environment.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Former Employee – worked at Charles Schwab full-time

Pros – Great benefits
1 Month Sabbatical for every 5 years worked
Good products to sell, including SMA accounts, wrap accounts and insurance products.

Cons – Outdated performance review metrics led to a near complete turnover of several offices in the area.
Can you afford to take a sabbatical for one month if your performance is judged quarter by quarter?

Advice to Senior Management – Performance reviews should be more aligned with retention and long term performance, including retention of clients currently enrolled in managed account products

Yes, I would recommend this company to a friend

Current Employee – been working at Charles Schwab full-time for more than a year

Pros – Pork, lovers smorgasbord, who needs beef when your managers buy you breakfast and lunch which consist of Hawaiian, sausage and mushroom pizza’s, Ham subs… breakfast burritos with bacon and eggs or eggs with sausage or ham.

Cons – None Schwab feeds you 3 days straight!

Advice to Senior Management – keep feeding us!

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Charles Schwab full-time for more than a year

Pros – If you lack experience company is a great place to launch your career. They provide a great learning experience and provide you with the tools needed to succeed. Company's culture is great, lots of chances to move laterally if you get bored with any one position.

Cons – Pay is poor compared to rest of the industry. Good place to start your career, and move on. Although a meritocracy, it takes too long to advance and very few jobs actually come w/ much of a pay increase.

Advice to Senior Management – Increase salaries, or at least bonuses!

Yes, I would recommend this company to a friend

Former Employee – worked at Charles Schwab full-time for more than 7 years

Pros – great culture, smart co-oworkers, great work life balance

Cons – compensation cant compete with others in the financial services space

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Former Employee – worked at Charles Schwab

Pros – Good benefits, opportunity for growth, close to home, leader in the industry

Cons – Politically intense, Boring atmosphere, Some departments have a superior complex over others.

Former Employee – worked at Charles Schwab

Pros – Talented Individuals working for their clients

Cons – Limited mobility in field sales

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Charles Schwab full-time for more than 10 years

Pros – Tuition reimbursement. Opportunities for those that are proactive and work hard. Great place to start career in financial services.

Cons – Call center work is not for everyone.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Current Employee – been working at Charles Schwab full-time for more than 10 years

Pros – work/life balance is very good.

Cons – bonuses are not what they should be

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

Former Employee – worked at Charles Schwab full-time for more than 7 years

Pros – Great people, smart - care about the business
Good life work balance, mostly because it's the only way to keep talent without increasing comp

Cons – Comp is far below market
Terrible morale due to low bonuses, no growth - top talent leaving in droves
Leaders have zero tolerance to differing points of view
Consensus driven to the point of nothing gets done
Culture used to be great, now undermined by low morale, penny pinching
No career growth

Advice to Senior Management – empower talent to innovate
invest in fair compensation to keep talent

No, I would not recommend this company to a friend