Charles Schwab reviews

3.7

66% would recommend to a friend

(7,829 total reviews)
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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 7,829 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).

Reviews by job title

8K reviews
5.0
Dec 14, 2008
Recommend
CEO approval
Business Outlook

Pros

If you work hard enough, you can earn alot of money, obtain recognition, and put yourself in position to be an extremely valuable asset in the firm. Especially being a successful Branch FC will allow tons of perks. When you are successful, expect to earn more money than you thought in a positions where your hours are from 8am to 5pm Monday through Friday.

Cons

The management takes way too long to make decisions. The company, on the advice side, is very conservative and Schwab Bank needs to establish a Private Bank to cater to the different types of clients some of the major cities encounter. This opportunity can be quite miserable if you don't want to put the effort in because an FC can actually loose money, a monthly basis, if one doesn't work hard to retain their current assets. We need more of a support role so we can juggle of our required tasks such as client contact, product knowledge, sales, execution, and so on.

1.0
Dec 13, 2008
Recommend
CEO approval
Business Outlook

Pros

The best reason to work at Schwab is the 401k match.

Cons

The compensation plan is complicated and constantly changing. There is a large percentage of compensation that we lose because the tracking system is poorly designed and archaic. We get paid more to set up checking accounts than we do for consolidating $250,000 in new assets made up of individual stocks and bonds. We get paid more to push home equity lines of credit onto clients than we do to help investors reach their investment goals and financial dreams.

1.0
Dec 10, 2008
Recommend
CEO approval
Business Outlook

Pros

Great people to work with.

Cons

Sr. management consistently underestimates the negative impact of ongoing reorgs and the positive value of an established relationship with a manager.

Viewing 7747 - 7749 of 7,829 Reviews

Glassdoor has 8,660 Charles Schwab reviews submitted anonymously by Charles Schwab employees. Read employee reviews and ratings on Glassdoor to decide if Charles Schwab is right for you.