Charles Schwab

www.schwab.com

Charles Schwab Reviews

Updated 29 January, 2015
Updated 29 January, 2015
932 Reviews
3.2
932 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
549 Ratings

Review Highlights

Pros
  • It does allow for a good work/life balance which was very important to me (in 80 reviews)

  • good benefits especially Sabbath every five years (in 59 reviews)


Cons
  • Not much room for growth in Indy unless you want to stay in a call center (in 45 reviews)

  • There are very few woman and people of color in middle and senior management (in 25 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Great Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Product Manager in San Francisco, CA (US)
    Current Employee - Senior Product Manager in San Francisco, CA (US)

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

    Pros

    Great culture set by the chairman; many wellness programs for employees; many resources

    Cons

    Lower pay than average; may get penalized if you speak up because your manager is always right (in some teams); a lot of mismatches in talent pool; HR is mere puppet of the management

    No opinion of CEO
  2.  

    VP, Financial Consultant

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Vice President, Vice President in Los Angeles, CA (US)
    Former Employee - Vice President, Vice President in Los Angeles, CA (US)

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

    Pros

    Nice working environment. No micro management. Colleagues are supportive.

    Cons

    HIgh sales pressure. Intense relationship with senior managment if the goals are not met.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  3.  

    Great company, needs to pay better

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

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

    Pros

    Great management, all about culture

    Cons

    Lower than average pay at all levels

    Recommends
    Positive Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab

    Pros

    Really great pay and lots of opportunities to promote from within everyone one is nice and managers are always willing to help

    Cons

    Schedules and not standard schedules and could be hard to change even though you can put in a shift bid depending on tenure to change your current schedule

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    good company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab

    Pros

    stable and good work life balance

    Cons

    not much room for growth

    Advice to ManagementAdvice

    more internal promotion opportunities

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Awesome company. Chuck Schwab is a quality human.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Operations Manager in Las Vegas, NV (US)
    Current Employee - Operations Manager in Las Vegas, NV (US)

    I have been working at Charles Schwab

    Pros

    Chuck Schwab is worth billions yet still pays his employees a wage which one may raise a family and enjoy the shrinking middle class. Many CEO 's have billions but want to Payless destroying the good old USA.

    Cons

    Working in a large company has its politics. Nepotism can raise its ugly head.

    Recommends
    Neutral Outlook
  8. 2 people found this helpful  

    Overall great firm. There is a nice focus on the client and employee.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab

    Pros

    Great culture, honest and transparent firm to consumers

    Cons

    Compensation changes
    flat firm so no room to grow

    Advice to ManagementAdvice

    They should be more transparent about reasons for sudden branch manager compensation changes

    Recommends
    Positive Outlook
  9. 1 person found this helpful  

    Not a lot of room for advancement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Manager in Englewood, CO (US)
    Former Employee - Senior Manager in Englewood, CO (US)

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

    Pros

    Great working environment, people are great. Casual dress, in Colorado they opened up new buildings so work locations are probably better. I had work life balance and had a great Manager. Sabbatical after 5 years. Bonus pays out 4 times, although final bonus is minus those other 3 payouts.

    Cons

    Not a lot of room for advancement. Call center environment with very tenured people. Growth was slow unless you were in and up and coming business area (i.e. Banking). Three weeks vacation Max, Cigna benefits and high in cost. I questioned how some leaders got promoted but that is the case anywhere. You have to switch any competitor accounts to them when hired. Was offered a set bonus and that changed 6 months into the year.

    Recommends
    Positive Outlook
    Approves of CEO
  10.  

    Excellent company, great technology talent, room to grow if you work smart and hard

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab

    Pros

    Excellent work-life balance. Well organized. Savvy technology leadership that knows where to take the company.

    Cons

    Benefits could be better. Still trying to shake older bureaucracy (but getting better).

    Advice to ManagementAdvice

    Keep up with other companies with benefits and compensation.

    Recommends
    Positive Outlook
    Approves of CEO

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Charles Schwab Headquarters
Exterior of 215 Fremont Street

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