Charles Schwab

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Good people, but low pay

Associate (Former Employee) Phoenix, AZ (US)

ProsGood culture and provides a lot of training. Many career paths to take if you are located in one of the primary service center cities.

ConsLow salary and annual salary increase is terrible. Tell you 2% is standard, and should be grateful in the "current environment".

Advice to Senior ManagementHave more openness with salary info, especially with your own employees. Two people in the same department, working the same job could have a completely different salary. Even it out, and pay people what they deserve.

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

    9 people found this helpful  

    Began with excitement, ended with despair and awful mid-level managers that couldn't be overcome

    Registered Representative II (Former Employee) Indianapolis, IN (US)

    I worked at Charles Schwab full-time for more than 3 years


    Pros: They hire almost anyone with a pulse, decent benefits, pay for… Cons: Everything else. You take about 5,000 calls a year, your whole worth to the company depends on about 30-40 of those calls that are graded.… Advice to Senior Management: Anyone with half a brain could make positive changes here, but it does not seem tobe something that management wants to address. They like to… No, I would not recommend this company to a friend More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

    3 people found this helpful  

    Relationship Specialist

    Relationship Specialist (Former Employee) Orlando, FL (US)

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


    Pros: Great 9-5ish scheduling and scheduled breaks throughout the day. Friendly people that are always willing to help you as you start out… Cons: Not much upward mobility at all. Despite the opportunity to grow laterally within the company there are not a lot of opportunities to move… Advice to Senior Management: Update training for new hires and on going training after hiring. Create more developmental training to expand people's skills versus constant cheerleading sessions on… No, I would not recommend this company to a friend More
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