Charles Schwab reviews

3.7

66% would recommend to a friend

(7,812 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 7,812 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
2.0
Jun 16, 2023
Recommend
CEO approval
Business Outlook

Pros

Some great colleagues (for now), 401k match/immediate vest, sabbatical

Cons

Rapidly declining treatment of employees by executive leadership, embarrassing failures of communication, lack of transparency, hypocrisy and broken trust. All that while paying lower comp than other firms. ***If you are seeing prior reviews that mention remote work or job openings boasting about Schwab's "world class workplace flexibility" THAT IS NOT TRUE - Schwab has canceled remote agreements and is forcing return to office.

1.0
May 4, 2023

NOT WORTH IT

Recommend
CEO approval
Business Outlook

Pros

401k match Investing advice Remote

Cons

Micro management is the first. They let you be comfortable for 6-12 months with no headache. Once your there about a year is when they start to threaten to fire you if you don't hit certain metrics. Once you've been there a year they show you what it will really be like. The metrics that you have to meet are difficult to hit simply because the job will require you to do alot of things that dock your stats negatively but your forced to do these things to maintain " world class customer service". Its a trap and a tactic they use to weed people out. Please take the advice from a current employee desperately seeking another job, it is not worth the headache. The clients are so bad you will be miserable all day just to work at home and it is simply not worth it. This position cost you your peace just to be at home which again is not worth it.

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Charles Schwab Response
3y
Thanks for your feedback. We understand it can be difficult navigating calls when people are frustrated. We are not only committed to providing best-in-class experiences for our clients, but our employees as well by giving them the tools and knowledge to succeed. We encourage anyone with suggestions or concerns to reach out to their manager, HR representative, or email us at MyHR@Schwab.com. We will share your feedback with leadership.
1.0
Oct 25, 2020
Recommend
CEO approval
Business Outlook

Pros

none. slow growth opportunities for individuals.

Cons

Metrics change every year, they get more strict and unrealistic each time, You're expected to go above and beyond and deal with upset and disrespectful clients and in return you have disproportionate compensation. It's a call center, so you'll take calls all day long for 8 to 10 hrs per day depending on your shift. Systems are often down, and technology is unreliable which increases calls, which means more angry clients. There is no flexibility, meaning your vacation requests hardly ever get approved because call volumes are so high, they can't afford to have people off the phones. It's not easy to get a raise because it takes only ONE bad client survey over something completely out of your control to cause you to miss quarterly metrics, and sets you back. Turnover was high, even during COVID!

Viewing 49 - 51 of 7,812 Reviews

Glassdoor has 8,642 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.