Pros
Good name recognition and wide range of job functions. The company and jobs allows you to really learn about the industry if you're just getting started. The training programs are pretty good and if you're on the phones you get every kind of question you can imagine which helps you learn. Mangement is now open to change and very customer focused so they have been making good decisions. Best decision they made was getting rid of Pottruck. They have streamlined operations and product offerings. Benefits are very competitive and bonuses were pretty good as well. Overall it was a good place to work and learn.
Cons
Layoffs are definitely possible at the company. When I worked there they laid off all the operational type jobs and many VP level jobs as part of a house cleaning at this particular location. Pay scales are lower than the industry in the lower level type jobs but senior managers make decent coin. Not many high paying non-managerial type jobs at this location so unless you want to manage people you can't make a lot of money. Still a lot of old school employees trying to remember the "good times" of the late 90s. Overall, there aren't a lot of downsides to starting off at Schwab