There are newer employer reviews for Charles Schwab

 

Great Firm, Excellent People

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at Charles Schwab

Pros

Talented Individuals working for their clients

Cons

Limited mobility in field sales

Recommends
Positive Outlook
Approves of CEO

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

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  1.  

    Broker Trainee

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Broker Trainee  in  Indianapolis, IN (US)
    Former Employee - Broker Trainee in Indianapolis, IN (US)

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

    Pros

    Very good company! High Ethics, good work environment, very talented people, good place to get experience, they pay for your licenses.

    Cons

    Pay is atrocious if you can't get into the Financial Consultant world. You don't necessarily get the hours you want, and the phones can be terrible. Great place if you're a CFP with no book.

    Advice to ManagementAdvice

    Increase pay in order to retain talent.

    Recommends
    Positive Outlook
    Approves of CEO
  2. 7 people found this helpful  

    Decent management; old technology and slow to change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Senior Staff Software Engineer  in  Austin, TX (US)
    Former Employee - Senior Staff Software Engineer in Austin, TX (US)

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

    Pros

    My manager was easy to get along with and didn't micro manage. Good work/life balance. Covered parking. Free financial advice. Matching 401k up to 5%. Employee stock purchase plan with 15% discount.

    Cons

    1. Stuck on old technology and outdated versions of open source software.
    2. Pet employees get better hardware than others.
    3. A "normal" annual raise doesn't even keep pace with inflation.
    4. You're stuck in a very noisy cubicle farm.
    5. Not much interaction between your coworkers.
    6. Health insurance is a Health Savings Account with a HIGH deductible.
    7. They bring in contractors to work on the latest proof of concept ideas using HTML5, Javascript, etc. while many of the employees are supporting the real world apps that make the business run. This leave no time to increase your skills.

    Advice to ManagementAdvice

    Pay market wages for Austin, TX.
    Get rid of the HSA with the high deductible and return to a Preferred Provider plan with copays.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
There are newer employer reviews for Charles Schwab

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