Charles Schwab Reviews

Updated 28 August 2014
Updated 28 August 2014
883 Reviews

3.1
883 Reviews
Rating Trends

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

Review Highlights

Pros
  • It does allow for a good work/life balance which was very important to me (in 72 reviews)

  • good benefits especially Sabbath every five years (in 51 reviews)


Cons
  • Not much room for growth in Indy unless you want to stay in a call center (in 43 reviews)

  • There are very few woman and people of color in middle and senior management (in 24 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Supervisors need to be more transparent

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Charles Schwab

    Pros

    Most of the time there's a team like atmosphere. The upper management really have an open door attitude.

    Cons

    Some supervisors aren't transparent about things they have issues with. They will make you feel like nothing is wrong until you and the supervisor have a sit down about your job being in jeopardy.

    Advice to ManagementAdvice

    Be more transparent with people and maybe you can get more productivity from your staff.

  2.  

    Solid Culture. Amazing middle management, not so much at the top.

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

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

    Pros

    Best direct manager I've had in my life.
    Surrounded by competent peers.

    Cons

    They're trying to be both a discount broker and full service firm at the same time. It's confusing to clients and to employees.

    Advice to ManagementAdvice

    Bring Carney back and listen to him.

    Recommends
    Neutral Outlook
    Disapproves of CEO
  3. 1 person found this helpful  

    Quite the experience!

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

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

    Pros

    The people, the pay, the location. I worked with a very diverse group of people that always made work and not work very interesting. The pay was great and so were the other benefits associated with it. And finally, the location was/is fantastic, close to transit, bike lockers, etc.

    Cons

    Fast paced, which is desirable but very little training.

    Advice to ManagementAdvice

    Be more available to discuss HR issues, at least 4 years ago.

    Neutral Outlook
    No opinion of CEO
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  5.  

    Truly an experience where you can expect solid values, integrity, and constant development.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Intern  in  Austin, TX (US)
    Former Employee - Intern in Austin, TX (US)

    I worked at Charles Schwab as an intern for less than a year

    Pros

    The people are genuinely happy to come to work and have great connections with each other on a personal level. The values are core to the company---you would not see Charles Schwab represented badly in the news because the company always sets its bar higher than the minimum requirement.

    Cons

    While the company in some sense is constantly developing, it is part of a highly regulated financial industry. Thus, changes are often slow.

    Recommends
    Positive Outlook
    Approves of CEO
  6. 1 person found this helpful  

    Investment Consultant, Inbound Sales

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Investment Consultant  in  Phoenix, AZ (US)
    Current Employee - Investment Consultant in Phoenix, AZ (US)

    I have been working at Charles Schwab full-time for more than 3 years

    Pros

    Charles Schwab really cares about their employees and it is a great place to work. They train you so you are prepared to discuss the market and they help you obtain the necessary licenses.

    Cons

    The compensation could improve. They are less competitive with other firms out there.

    Recommends
    Positive Outlook
    Approves of CEO
  7. 1 person found this helpful  

    Opportunity Everywhere

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Sales Professional  in  Phoenix, AZ (US)
    Current Employee - Financial Sales Professional in Phoenix, AZ (US)

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

    Pros

    The culture of Schwab really focuses on a work life balance.
    If you are a motivated and dedicated individual Schwab will allow you to move into just about any opportunity.
    Management is focused on whats best for the client, while promoting their employees around the company.
    Great ethics from the top all the way down. CEO even stopped by for an overnight shift to deliver cupcakes and visit with the employees at 9pm.

    Cons

    Bonus structure could have a wider range based on individual contributions but not terrible

    Advice to ManagementAdvice

    Continue to empower employees to be better and promote.

    Recommends
    Positive Outlook
    Approves of CEO
  8.  

    Great place to work

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

    I have been working at Charles Schwab full-time for more than 3 years

    Pros

    My managers have always been supportive of my actions. Charles Schwab on your resume is quite valuable.

    Cons

    It's unfortunate that the company is reducing it's workforce presence in San Francisco and headed towards Austin and Denver instead. In my opinion career growth in San Francisco is potentially limited for you if you plan on staying in the Bay Area.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    Great company, ethical and honest people

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Austin, TX (US)
    Current Employee - Anonymous Employee in Austin, TX (US)

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

    Pros

    Truly ethical, and the company strives to do best by its employees and clients

    Cons

    A little too much red tape at times

    Advice to ManagementAdvice

    Shed old beliefs and practices - modernize.

    Recommends
    Positive Outlook
    Approves of CEO
  10. 1 person found this helpful  

    Good company

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

    I have been working at Charles Schwab full-time

    Pros

    Schwab takes care of its employee

    Cons

    The salary is not as competitive

    Advice to ManagementAdvice

    I like the company's vision and value

  11.  

    Great company

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

    I worked at Charles Schwab full-time

    Pros

    This was a great company to work for, enjoyed the culture very much. It was also was a place where you could grow.

    Cons

    its a grind for the first 18 months after that as long as you know people you can make a way for yourself pretty much anywhere.

    Recommends
    Positive Outlook
    Approves of CEO

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