Charles Schwab
3.1 of 5 753 reviews
www.aboutschwab.com San Francisco, CA 5000+ Employees

753 Employee Reviews (View Most Recent)

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4 people found this helpful  

Vice President-Financial Consultant

Vice President, Financial Consultant (Current Employee)
San Jose, CA (US)

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

ProsEthical financial guidance;
Reasonable/affordable product pricing;
Transparency of fees;
Great brand name;
Work/life balance;
Supportive and collaborative work environment;
Diverse employee base;
Embracement of new technologies;
Good benefits;
Time to volunteer of 8 hours per year;

ConsFew career advancement opportunities or options except growing own practice;
Employee base is diverse, but management is not;
Overly cumbersome paperwork and procedures, especially on advice products;
Frequent changes in executive level leadership result in inconsistent policies;
Opinions of top producers count, but not the others;
Favoritism hurts morale;
Quarterly resets burn out even the best calibers;
Termination after 2-4 quarters of bottom 20% sales: Financial Consultants are treated like disposables within the company while trying to convince clients they are experienced and trusted advisors and will be there for clients for a long time;

Advice to Senior ManagementIf you would like clients to believe they are dealing with a trusted advisory service provider firm, you need to respect and empower your front-line Financial Consultants, especially those with 10+ years of experiences, and allow for bottom-up feedback and participation instead of only top-down dumping of compensation/advice/product policy changes, campaigns and quotas.

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  • Disapproves of CEO

2 people found this helpful  

Stock Broker

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

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


Pros: Opportunity to learn a lot about trading, banking, retirement, and finance in general. You also get paid to earn you series 7… Cons: You are a robot. You are told what to say and when. There is no freedom, no creativity, and no individuality. Even your toilet breaks… Advice to Senior Management: Retain your employees for longer with better incentives. This will create… No, I would not recommend this company to a friend More

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  • Senior Management
         
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VP-Financial Consultant at Schwab

VP-Financial Consultant (Current Employee)

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


Pros: Great job for those with 1-2 years industry experience, in their mid-late 20's, as income can be good (approx. $125k average total comp, $200k… Cons: No long-term career growth potential for branch sales employees Advice to Senior Management: Less micromanagement, have plan in place to retain long-term employees… More

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