Charles Schwab
3.1 of 5 755 reviews
www.aboutschwab.com San Francisco, CA 5000+ Employees

Charles Schwab Reviews

Updated Apr 19, 2014
All Employees Current Employees Only

3.1 755 reviews

                             

60% Approve of the CEO

Charles Schwab President and Chief Executive Officer Walt Bettinger II

Walt Bettinger II

(455 ratings)

54% of employees recommend this company to a friend
755 Employee Reviews
Relevance Date Rating
in

Review Highlights

Pros:
  • "It does allow for a good work/life balance which was very important to me"
    in 65 reviews
  • "Steady Company, Does good for the employees, nice to everyone and will provide good benefits"
    in 49 reviews
Cons:
  • "It is like any other big company, phone center, production based call center"
    in 39 reviews
  • "There are very few woman and people of color in middle and senior management"
    in 23 reviews
  • Show more review highlights

Reviews

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • No Opinion of CEO

 

I worked at Charles Schwab full time.

Anonymous Analyst (Former Employee)
San Francisco, CA (US)

I worked at Charles Schwab full-time for more than a year

ProsThe people I worked with were very nice people. Charles Schwab is a community oriented company. The hours were standard corporate hours with opportunities for overtime. The training given was also a plus.

ConsInternal politics controlled the office, and it was hard to change things.

Advice to Senior ManagementLoyalty should be rewarded more generously.

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

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  • Culture & Values
         
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Good work environment

Anonymous Employee (Former Employee)

I worked at Charles Schwab full-time for more than a year

Prosdecent pay, good management program. they pay for tuition and have good bonuses

ConsHard to move up in the company. The pay is ok but could be better

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

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  • Culture & Values
         
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  • No Opinion of CEO

 

Best of the brokerage firms. Great company values.

Investment Consultant (Former Employee)

I worked at Charles Schwab full-time

ProsSchwab 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.

ConsCompany 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 Senior ManagementSimplify the compensation structure.

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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Worked there for 7 years

Senior Manager (Former Employee)
San Francisco, CA (US)

I worked at Charles Schwab full-time for more than 5 years

ProsSalary, benefits, hours, nice people to work with

ConsPolitics, hard to change things, and conservative business

Yes, I would recommend this company to a friend

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Great place if you value a strong mission statement, putting the client first, and want to work with decent people

Managing Director (Former Employee)
San Francisco, CA (US)

I worked at Charles Schwab full-time for more than 8 years

ProsGreat work/life balance
Respectful and collaborative colleagues
Strong corporate culture with honorable values
Sabbatical!

ConsMinimal growth opportunities
Half of the remaining jobs in SF will soon be leaving for Denver
Work isn't really all that interesting
Mellow culture on the surface; passive-aggressive beneath
Like all large companies, benefits are decreasing year over year

Advice to Senior ManagementMost employees feel underpaid, undervalued, and under appreciated.

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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Great company, good pay, long hours

Stock Broker (Former Employee)
Denver, CO (US)

I worked at Charles Schwab full-time for more than a year

Pros~Good pay, training, benefits, opportunity for advancement and movement within the company

ConsLong hours (10 hour days 4 days a week, which is nice for the 3 day weekend, of course) Difficult customers

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

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Overall it was a good experience.

Anonymous Employee (Former Employee)

I worked at Charles Schwab full-time for more than 8 years

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

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

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

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Ok to start your career

Project Manager (Current Employee)
San Francisco, CA (US)

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

ProsGreat culture and nice people work here. Found some life-long career buddies here. If you are looking for a firm that really believes that they help the public, then look no further. These guys invented it.

ConsBonus structure and abundance of mid-level managers offer a stagnant CYA corporate environment. This is due to the size of the organization.

Yes, I would recommend this company to a friend

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  • Approves of CEO

 

They are ok.

Financial Consultant (BET) (Former Employee)

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

ProsAs 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.

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

Yes, I would recommend this company to a friend

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  • Culture & Values
         
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  • Career Opportunities
         
  • No Opinion of CEO

 

Sr. Operations Administrator

Senior Ops Administrator (Current Employee)
Orlando, FL (US)

I have been working at Charles Schwab full-time for less than a year

ProsGreat company to work for. Alot of opportunity for growth. Management eager to let you grow in to where you wish to go to.

ConsPay sucks, Benefits are better elsewhere promotions seem to be given to favorites not people who actually work hard and stay to themselves. Its not what you know its who you know. Education really does not matter.

Advice to Senior ManagementLook in to someone who has gone to school gotten the education and promote those individuals or offer more pay to them. If someone is loyal then be loyal back to them.

No, I would not recommend this company to a friend

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Glassdoor is your free inside look at Charles Schwab reviews and ratings - including employee satisfaction and approval ratings for Charles Schwab CEO Walt Bettinger II. All 755 reviews are posted anonymously by Charles Schwab employees.