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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Very improved after Pottruck was fired

Registered Representative II (Former Employee)
Phoenix, AZ (US)

I worked at Charles Schwab full-time for more than 8 years

ProsChuck Schwab and Walt Bettinger seem like the real deal ... sincere in caring about both their employees and their customers.

The company has been pretty successful in eliminating conflict of interest in the products that the brokers sell.

The 'customer comes first' attitude seems to be real again. No longer just lip service.

ConsAt least when I left there were still several directors that had yet to convert away from the greed of the Pottruck years. Some departments were clearly happy and doing well. Some were still suffering.

Employee incentive still seems to be misaligned at times.

Advice to Senior ManagementContinue to the return back to Chuck Schwab's founding principles. Do more to make employees also Schwab stock holders. Continue weeding out those directors and managers that are still holding on the 'Pottruck' attitude. You will continue losing your best people until you can really fix the employee experience.

Yes, I would recommend this company to a friend

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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


Pros: Ethical financial guidance; Reasonable/affordable product pricing; Transparency of fees; Great brand name; Work/life balance; Supportive and collaborative work… Cons: Few 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… Advice to Senior Management: If 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… More

  • Culture & Values
         
  • Work/Life Balance
         
  • Senior Management
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • 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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