Charles Schwab reviews

3.7

65% would recommend to a friend

(7,822 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 7,822 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
4.0
Oct 3, 2008
Recommend
CEO approval
Business Outlook

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

5.0
Oct 3, 2008
Recommend
CEO approval
Business Outlook

Pros

Great people. Pretty collaborative environment. Not too hard to communicate across areas and levels. When something in may area of responsibility went poorly and I was proactive about communicating up about it, I was respected and validated for the communication, rather than punished for the mess up.

Cons

Ya gotta get up and go into the office pretty much every day. Sometimes not enough challenging and interesting work. Got promoted up two levels in my five years there, which was great, but the people at a level or two up from where I was when I left looked like they were having less fun than I was.

5.0
Sep 22, 2008
Recommend
CEO approval
Business Outlook

Pros

They are very flexible with your schedule & time off. They have a great bonus program and great benefits package. There is always quick communication between senior management & employees. The opportunity for growth is sky high. It just depends on the employee. Schwab provides all the necessary training for free, so there is no excuse to be left behind.

Cons

There are only two locations in Phoenix, and they are right by each other so if you live in another city, its quite a commute.

Viewing 7762 - 7764 of 7,822 Reviews

Glassdoor has 8,653 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.