Great Place to Build the Foundation of a Successful Career - Registered Representative Charles Schwab Employee Review

5.0
18 Apr 2012
Recommend
CEO approval
Business outlook

Pros

I have been working at Schwab for a year now and I could not think of a better place to start in the financial world. They pay you to get your Series 7/63 licenses. Literally put you in a classroom and have you study for 5 weeks to get your licenses and they pay you for it. Advancement opportunities are everywhere. I don't know what these other people are talking about but since I started working there I have had the change to ghost with many other departments, which has opened up numerous doors for me. My manager has a one-on-one meeting with me at least once a month where we go over career pathing and things that I need to do my job better. The atmosphere is laid back, dress code is relaxed, and the salary is consistent = no stress to get commissions because we are not paid on commission. Everyday, I get into the office and look at the market and current events and have conversations with clients about whats driving the market and have conversations about investment strategy. Oh yeah, I also can place trades in my own account as long as I am not on the phone with a client. I'm looking to be able to advance into a Financial Consultant role in 3 years.

Cons

I can only think of two cons. 1) It is a call center so you do take inbound phone calls. However, I have never taken more than 90 calls in a day and when I became a Broker I take about 50 calls. 2) The salary is mediocre. With that said, where else are you going to get paid to learn about the industry in a laid back environment? I have looked elsewhere and am happy that I am at Schwab.

Explore other reviews about Charles Schwab

5.0
7 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Lots of learning opportunities with opportunities for growth.

Cons

Limited to RM role for promotion, where you get stuck in that role.

3.0
29 Jun 2026
Recommend
CEO approval
Business outlook

Pros

Great clients, decent benefits, acceptable pay, excellent training for when you move on.

Cons

Pay below competitors, constant inbound calls, stringent metrics that tighten annually, middle-of-the-road work-life balance. Schwab used to have great culture, but it becomes more "corporate" every year and with every new CEO. The "Executive Council" is wildly out of touch with frontline employees and needs to stop passing the buck of employee dissatisfaction into the managers.

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