has losts its culture and is not innovative....too many yes men for Walt in management - Project Manager Charles Schwab Employee Review

3.0
Jan 26, 2009
Recommend
CEO approval
Business Outlook

Pros

Co-workers are friendly and supportive. Knowledge base is above average. Pay is average compared to other financial firms.

Cons

The company has losts its culture and is not innovative. In thel late 90's there was a "can do attitude.' Lately, due to outsourcing and fear created by Walt, people are just trying to protect themselves. Nobody is willing to stick their necks out. We need that to come back.

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5.0
Jul 13, 2026
Recommend
CEO approval
Business Outlook

Pros

Great work life balance, and nice environment

Cons

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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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