May 20, 2026
Charles Schwab reviews
3.7
66% would recommend to a friend
Rick Wurster
72% approve of CEO
63% positive business outlook
Charles Schwab has an employee rating of 3.7 out of 5 stars, based on 7,811 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Charles Schwab employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).
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Reviews by job title
8K reviews
2.0
May 20, 2026
Good start for licensing, but culture stifles growth
Current employee, more than 5 years
Saint Louis, MO
Recommend
CEO approval
Business Outlook
Pros
Good place to get your initial licensing and boots on the ground. It was TDA when I got hired so maybe that’s not true anymore, but at least it was good at the time for starting out. Some of the teams can be really close knit on trader. Mine was until they broke us up. Some of the conversations you can have with clients are robust, expansive. If you have a high intellect and a knack for teaching and explaining, they really show appreciation. I have won multiple client service awards. They have decent medical leave for when the place makes you have a mental health breakdown.
Cons
Low pay Slow promotions Micromanagement Increasingly tight adherence standards Management is uninspired from the top down. Culture encourages “yes man” behavior and falling in line. Stifled innovation. Expectation on CS&S and Trader services is to be on the phone continuously for 8-10 hours a day with two 15 minute breaks and a 30 minute lunch. They micromanage adherence until you hate the job. They’ll stop you from advancing just for adherence even if you are top 1% in every other metric. Small annual cost of living raises that feel like an insult especially in this environment. Got one $1000 stock bonus in 5 years. No profit sharing, no pension. You are a number here, nothing more, despite all The nonsense about “schwab family.” TDA was a family. This is the empty husk of this family with a parasite living in it. Smart money stays for 2-5 years tops and moves on or else you’ll be doomed to poverty and small 2.5% annual cost of living raises each year. Bonuses are mediocre. Appreciation comes in the form of pizza parties. Are we in elementary school? Managers and anyone still around are either biding their time, or have resigned themselves to be sycophants. Such an environment does not breed competitiveness nor innovation, and it cannot retain top talent.
5.0
May 18, 2026
Wealth Advisors at Schwab are taken care of. Best role in the company.
Current employee, more than 8 years
Lone Tree, CO
Recommend
CEO approval
Business Outlook
Pros
As a WA (Wealth Advisor) I am able to leverage my knowledge of capital markets and financial planning with typically an injection of existing clients from WA's that were recently promoted or reducing their practice size. I don't have to sell clients why they need to work with me but rather sell them on why they should continue to work work for me. This role is not for the person who is not passionate about serving their clients in the areas of Financial Planning, Estate Planning, and Investment Planning. I started with SWA (Schwab Wealth Advisory) 9 years ago and it was the best career move of my life. The leadership team expects people to perform for their clients and their goals are aligned with mine which I like. Like our founder said, "Clients First." If you dont live by that motto then SWA will make you want to work for another firm. However if you do live by that motto, then SWA leadership will promote you and compensate you handsomely for your passion. SWA is now the growth engine of Schwab corporation as a whole. The firm derives over 35% of all revenue from SWA alone. We are in growth mode because we place clients first and cherish our Schwab Branch partners that send us our business. I'm proud to be a part of a company and team that has not only changed my life from a purpose standpoint but a financial standpoint as well.
Cons
Practice sizes are rather large. The average WA manages over $500M in AUM with a cap at 180 Households. It would be nice if the firm could shrink that number down to 160 Households for a slight work life balance improvement.
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