Charles Schwab
Happiness rating is 62 out of 100
3.9 out of 5 stars.
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Charles Schwab Employee Reviews

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3.9Work-Life Balance

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Based on 383 survey responses
What people like
  • Inclusive work environment
  • Feeling of personal appreciation
  • Ability to learn new things
Areas for improvement
  • General feeling of work happiness
  • Energizing work tasks
  • Sense of belonging
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Great place to work

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Charles Schwab selected this as a representative review
I have to say this is one of the best places I have ever worked. I had a good team and management is very supportive. Each day I had time to perform my duties. I learned many new technologies and methodologies. The culture is very open and friendly. I was given a lot of opportunities to be able to grow my skills.
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Nice coworkers. Positive & flexible work environment

Inclusive and supportive management. An abundance of opportunities to grow and learn. Hours vary greatly depending on stock market conditions. Clients are nice to work with.

Pros

Good compensation
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Working from home is a great benefit

It's a blessing to work from home and management is great. The team members are a very diverse group. The recruiters and management are very supportive. They also prepare you for promotion to a broker assistant position. Once there, they pay for you to study for your series 7 and 63 licenses. They give you enough time to pass. They give you two chances.

Pros

Working from home, flexibility

Cons

None
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Average large company now

Bureaucratic and process focused. Processes for sake of processes. TDA merger has not been good and smart people are leaving. Technology is misguided and hard to tell who is driving decisions between different organizations.

Pros

Healthcare

Cons

Stress, too many meetings, not wanting to change
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The thing that stood out most to me was the environment. The environment must be experienced to be fully appreciated.

I was a day trader there and a client. I found the experience exhilarating and the learning is ongoing. An excellent place for beginners to learn. There's a lot of information on financial security.

Pros

Their attentive to each other and help answer questions.

Cons

They could open earlier and close later.
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Great culture

Promotes inclusion , diversity , and teamwork !!!! The culture is extremely gratifying to be a part of. Employees truly want others to succeed. "Look at everything through the client's eyes" is something Schwab takes very serous and that helps all Schwabies do their job!
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Super fun people and a good culture

Lots of engagement-But know how to work hard. They are generous with time and bonuses. Be able to manage your time and your own career. Hard to move if there is a conflict with the manager.

Pros

Good benefits, time off, Flexible schedule. Perks.

Cons

Finding the right path to grow and move.
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Amazing Company

great job and company.. if you work hard and are willing to pay your dues. Not everyone is willing to pay their dues, but if you are you will rise through the ranks in no time.
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Not a micro manage company but management is poor and they don't listen to their employees.

I feel like just a number and a cog in the wheel. The old Schwab really cared about people, the new generation of management doesn't value their employees. Lots of politics to be played with this company. They haven't adapted to the changing environment (Covid and working from home) the company is stuck in the old way of doing business. The haven't conformed to work from home environment.

Pros

Good work life balance

Cons

Change is hard, not adaptive, old way of doing business.
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Great friendly, respectful culture but overworked & underpaid

Charles Schwab has one of the best cultures in a corporate environment. People are respectful and kind for the most part, except for a few bad eggs. It's a fun and lively environment with lots of employee engagement events. The work can be interesting as well.The downside is that Charles Schwab can be cheap - in salaries, in hiring enough people to do the work, in allowing for remote work, in updating their systems (many are outdated). Not hiring enough people to do the work means you will be overworked. It's kind of a hook - get you in with the great culture and maybe you won't notice that you're working day and night. While the bonuses can be good, the salaries aren't where they should be either.

Pros

Friendly culture, interesting work, beautiful campuses, great bonuses

Cons

Difficult work/life balance, lack of remote options (not including Covid), some salaries are too low
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Culture stands up to its name

Limited growth opportunity through associate route at least for the first 2 years. After that nothing is guaranteed if you don't pick up extra skills during the 2 years on the side. However, people are nice to work with. You have options if you don't want to become a broker. Associate is call centre environment keep in mind.
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Nice company to work for, tech is very heirarchy driven

Schwab truly cares about their employees and their clients, and this shines through every day. Bureaucracy is high, even for a fortune 500, since they are now a massive federally regulated bank. Leadership cares but is extremely top down - you will be given a directive from the top with very little ability to question, and sometimes consequences if you do. This undoubtedly varies by department but leadership often makes unrealistic commitments and then drives people hard to meet them, at the expense of quality and WLB. However if you can get aligned to what you're being told you will find smart people, supportive co workers, reasonable compensation, and a business leadership team that just seems to keep winning.

Pros

Benefits, nice people

Cons

Heirarchy driven, bureaucracy
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Extreme Micromanagement!

People were friendly for most part but management and the way the company monitors every single thing down to your keystrokes creates an Orwellian Culture of extreme micromanagement. The prevailing stress from such a system is intense and in the call center, the phones never stop so running to the restroom feels frowned upon. The pay is low for the industry which makes no sense given the wealth of those at the top.

Pros

Lots of work, structured hours.

Cons

Micromanagement, high stress.
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Good culture. Terrible pay

The company does well at coaching employees and giving them the tools to do their job well. Management does embrace teamwork and inclusion. The job company does not move employees up in the ladder very often and the pay is definitely some of the lowest in the industry.

Pros

Good culture. Good work environment. Good benefits

Cons

Low pay. Not many chances to move up.
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Good intentions Bad execution.

Bad training, slacky managers and % of production measured in unclear ways. Overwhelming informatión and very poor instruction. Really need an structured training plan.
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Poorly Paid Job for those with College degreees

You will not be paid fairly if you have little experience out of college, they'll offer you a low salary and expect you to move up by getting licensing, they will pay no mind to the fact that you have a college degree.

Pros

Good work hours

Cons

Limited mobility, opportunities, low salary for degreed staff
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Great WLB, nice people, terrible tech culture

People are mostly nice and the work isn't too bad. But you'll find all of the tech to be incredibly outdated and they have a super conservative approach to any sort of change.
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Overall great philosophy, yet persistent corporate politics...

Company itself is great, most feel strong culture and ethic holds true, issues mainly with stale managers who are emotionally stifled with their own lack of upward mobility on the corporate side. This is not true for all of course. For consultants it is highly competitive, and there is a collective groan against continually ridiculous net new money goals to hit each year. This wouldn't be a problem as, from a culture perspective, they very much honor the integrity of the cause to do right by the client, however it is not exactly compatible with their equally-heavilly touted goal to have a strong work/life balance. Unless you are a top-tier producer, your work/life balance is not always so great in that realm.

Pros

Communal feel, willing mentors, strong brand.

Cons

Pay structure, goal trajectories for the firm, problem managers with no recourse.
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pay

great job starting out of college, pay could be better. get licensed and leave after a couple of years, comp plans often change. manager was great, ot bonuses were great
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Na

Work home life balance is good typical 9 ti 5 with weekend off, high demand to be productive can be unrealistic with the constant changes that happen.
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Great Culture but...

Great inclusive culture with a fair work life balance. Compensation is relatively fair. While the culture is very pleasant day to day, if you are looking for the competitive feel and forward thinking of a typical Wall St. bank this is not the firm for you. Everyone is nice to a fault.

Pros

Great culture, solid compensation.

Cons

Nice to a fault. Not a competitive environment. Micromanagement.
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Overall rating

3.9

Based on 1,404 reviews
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Ratings by category

3.9Work/Life Balance
3.8Compensation/Benefits
3.5Job Security/Advancement
3.5Management
3.8Culture

Ratings from women

3.3
InHerSight Score
3.2Personal Development
3.4Career Opportunities
3.2Family Support
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