Good place to learn the biz - get in and get out fast though! - Registered Representative Charles Schwab Employee Review

1.0
Jan 23, 2009
Recommend
CEO approval
Business Outlook

Pros

Schwab will hire anyone for the customer service roles. Most employees in the call center are young, fun, etc. It's nice to have a job in a crappy economy. Standard health, dental, 401(k), etc. offered elsewhere are also offered at Schwab. Their training program is great for people new to the industry. For some reps, Schwab will even pay for Series 7 courses, training, tests, and tehy pay you to come to work and study.

Cons

Terrible schedule. They promise that you'll get one of your top 3 schedule choices. I got my 7th ranked choice out of a possible 8 schedules. In my case, the training course was more like waterboarding since I have an extensive background in financial services. They want to teach you the "Schwab Way." It turns out that the Schwab way is basically the same as industry standard practice. You are, of course, required to keep any brokerage accounts you have with Schwab. Not a big deal and standard across the industry due to FINRA, SEC regulations. However, the section of the company that handles employee accounts is terrible. Don't expect anything short of terrible service from them as they don't have an client - firm relationship with you, but rather an employee - employer relationship.

Explore other reviews about Charles Schwab

5.0
Jul 13, 2026
Recommend
CEO approval
Business Outlook

Pros

Great work life balance, and nice environment

Cons

Sometimes feels like clockwork. Nothing exciting

1.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

-Paycheck comes on time most weeks -8% 401k match is very competitive

Cons

-Raises our very low. The “exceeding expectations” raise has been around 3% for the last three years, which is under inflation. -AI is used as the primary way of grading performance, however the way that this AI grades is kept secret from us doing the work. You can have great feedback from client but if the AI scores you low, you will be written up/fired. - Client data entry and account operations have been outsourced to low-quality processors India. Every single day you will deal with issues because of how much sloppy work is being done. There is no follow up or problem-solving regarding these errors, they are just a fact of life at Schwab, and you need to double check pretty much everything being done here. -Most members of leadership, when sharing their personal story, will share that Schwab was their second choice. They call someone who has left Schwab and then come back a “schwabarang” and many members of leadership are Schwabarangs. This can easily be felt in the nature and character of the leadership where the focus is on KPI numbers and keeping costs as low as possible over any kind of improvement of operational effectiveness

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