There are newer employer reviews for Charles Schwab

2 people found this helpful  

10 great years, 2 not so much

  • 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

Some of the nicest people you will ever meet. The feeling you're working for a company that has values and a purpose. Feeling like the work you're doing is actually helping people.

Cons

Beware the reorg - they love to reorganize constantly. If you hate your job or boss don't worry - it will probably change soon enough. Unfortunately this leads to confusion, institutional knowledge getting lost in the shuffle, sometimes terrible situations for unsuspecting employees. And heaven help you if you get separated from your support network. Oh, and get the title and position you want on your way in because there is no such thing as a promotion.

Advice to ManagementAdvice

Stop thinking you've found Willy Wonka's magic ticket with every new executive and reorganizing everyone at his or her whim. You've already got a great team. Promote from within. Stop overturning the apple cart so often. Let the smart people you already have do their jobs without so much distraction.

877 Other Employee Reviews for Charles Schwab (View Most Recent)

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  1. 6 people found this helpful  

    Working at Schwab is not for the faint of heart.

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

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

    Pros

    Time passes quickly because there is so much work to do because most departments are understaffed; employees have very strong work ethic and want to do the right thing for Schwab's clients.

    Cons

    Few opportunities for movement for existing employees in San Francisco; few promotional opportunities for director level employees; culture does not promote work/life balance; leadership priorities change often leaving everyone scrambling; frequent organizational restructures with little regard for employee skills, experience, career interest or desires; only the projects deemed"sexy"receive recognition with monetary reward heavily weighted towards those leading them;

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 6 people found this helpful  

    Don't Do It. Look Elsewhere.

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

    I have been working at Charles Schwab full-time (more than an year)

    Pros

    Very diverse workplace with some exceptional employees. Very client focus driven and most everyone wants to "do the right thing". Great opportunity as there are much work that needs to be tended to right away.

    Cons

    Sr. level management lacks a clear vision and is in constant change. I found the there to be many who operate in a passive aggressive manner and create a borderline hostile work environment. In my 20+ successful years in the financial services industry, I have never been treated so poorly while working so hard and producing results. Very phony environment.

    Advice to ManagementAdvice

    People are your greatest asset to run this business. Treat others with respect and learn to effectively collaborate with those who have experience.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
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