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Charles Schwab Reviews

Updated 23 May 2017
1,626 reviews

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Full-time Part-time

3.5
Star Star Star Star Star
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Approve of CEO
Charles Schwab President and Chief Executive Officer Walt Bettinger II
Walt Bettinger II
930 Ratings

1,626 Employee Reviews

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Pros
Cons
  • Being a call center limits flexibility (in 81 reviews)

  • The seems to be a lack of a proper work/life balance (in 28 reviews)

More Pros and Cons

  1. "Director"

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

    I have been working at Charles Schwab full-time

    Pros

    Good work life balance, excellent departmental colleagues, good attitude to training and personal development and allowance for time to do so. Good people managers - managers are allowed the time to manage their team. Good salary package.

    Cons

    Tendency to put a gloss on things that is not a true representation of the facts.

    Advice to Management

    On the right track, but look under the surface shine to see what's really going on.


  2. Helpful (1)

    "Great Culture"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Trading Specialist in Phoenix, AZ (US)
    Current Employee - Senior Trading Specialist in Phoenix, AZ (US)
    Recommends
    Approves of CEO

    I have been working at Charles Schwab full-time (More than 3 years)

    Pros

    The culture in the workplace is refreshing and the ability to "Own Your Tomorrow" is completely up to you.

    Cons

    There are some technological gaps that could be addressed but the majority of earnings are invested back into the clients. At some point, the investment will need to flow back into the infrstructure.


  3. "overall ok"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Charles Schwab full-time

    Pros

    Great company to learn the foundation

    Cons

    Pay needs to be better

    Advice to Management

    Pay is not sustainable


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


  5. "pros and cons"

    Star Star Star Star Star
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    Pros

    nice working environment
    fixed working hours

    Cons

    always busy
    can barely get overtime pay


  6. "Salary"

    Star Star Star Star Star
    Former Employee - Client Service Specialist in Richfield, OH (US)
    Former Employee - Client Service Specialist in Richfield, OH (US)

    I worked at Charles Schwab (More than 3 years)

    Pros

    Sabbatical after 5 years
    Good team environment

    Cons

    Annual payraise not substanial
    Bonuses not guaranteed

    Advice to Management

    Consider allowing flextime or remote work for employees


  7. "Financial Consultant"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Financial Consultant in Lone Tree, CO (US)
    Current Employee - Senior Financial Consultant in Lone Tree, CO (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab (More than 3 years)

    Pros

    One of the most important aspects of life is everything that isn't work. Schwab knows that and the work-life balance is great. At 3 years service, you get 3 weeks a year of vacation, not to mention sick time, bank/national holidays and 2 floating days to boot. Oh, and Schwab also cares about community - 8 hours of paid time-off for community service.

    The pay-scale is pretty nice. Commission structure is fair and balanced, so if you put in the work you'll have no problem maxing out your 401k each year.

    Great office in Lone Tree - the facilities are top-notch with diverse and flavorful selection of meals in the cafe/grill. Amazing mountain views.

    Cons

    It can be stressful in a sales environment - some people don't have the drive for the position and burn out. There is a weekly/monthly/quarterly leaderboard and you are expected to not be on the bottom.

    Yearly targets increase year after year.

    You're given a book of leads and that's it. Lots of outbound/cold calls.
     Hands off from mgmt (though many people thrive in that position). There are slow days/weeks/months so having a pipeline of clients in process is critical. This means the first 6 months on the job your making your base salary only (plus service pay).


  8. "Inbound Service Center"

    Star Star Star Star Star
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Charles Schwab full-time

    Pros

    Great company that truly cares about its employees.

    Cons

    You start on the core line and take call after call. It just was not the right job for me.

    Advice to Management

    Help new employees become involved and invested in various groups..


  9. "Good Company"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Specialist in Indianapolis, IN (US)
    Current Employee - Specialist in Indianapolis, IN (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time (More than a year)

    Pros

    ESPP, Overtime pay, Flexible schedule. Amazing start in the finance industry

    Cons

    You make it your own, no one will help you progress. They rather pay you the same and keep you low level. Don't be that person still on the same team after 5 years. Network!

    Advice to Management

    Innovate more than you can keep up. Let change happen. But thank you for listening to us


  10. "Company doing great but warning signs...."

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Charles Schwab full-time

    Pros

    The company is built on a client focused, ethical, trusting foundation. This permeates the culture and drives impressive results. Most people working here are achievers and want to get things done. High confidence in exec leadership.

    Cons

    Company has been moving many long tenured employees out in SF and replacing in other lower cost locations. A good business strategy which is also making Schwab less special as a place to work. A number of control-oriented leaders added in last few years which will put continual pressure on the "team".

    Advice to Management

    Keep Schwab as a special place to work and don't rest on your laurels.


  11. "Great environment"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Consultant in Dallas, TX (US)
    Former Employee - Financial Consultant in Dallas, TX (US)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Charles Schwab full-time (More than 5 years)

    Pros

    Good technology, support for advisors, benefits

    Cons

    Still a discount feel but getting better


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