Charles Schwab reviews

3.7

66% would recommend to a friend

(7,831 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 7,831 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
1.0
Jan 30, 2018

Sr. Manager

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Salary and bonus and wonderful people.

Cons

Since Trump passed the tax over haul lots of layoffs have been happening to save money even though the company is doing extremely well. I would look elsewhere for job security as this company does not care about its employees.

1.0
Apr 15, 2015
Recommend
CEO approval
Business Outlook

Pros

There are some great benefits and I received several stock options based on my performance. I also believed very strongly in the company's products and services and felt they treated customers well and with ethics and integrity.

Cons

Passive aggressive culture. If you have a beef with someone and want to deal with it directly, you will be considered aggressive and combative. Everyone talks behind each others' backs because they aren't allowed to have real conversations.

2.0
May 10, 2024
Recommend
CEO approval
Business Outlook

Pros

- You can get away with working at a snail's pace and you won't get fired - PIP is practically impossible within the company - No one cares, so you don't have to either Since everyone is overworked and underpaid, morale is in the dirt so if you don't want to put on a smile, people know why and won't bother you for it.

Cons

- Promotion is nigh impossible without extensive politicking I work within the tech side of Schwab. Promotions are practically impossible and you'll be fulfilling role duties way above your pay grade without ever seeing the promotion (not never, it'll just take 1-2+ years extra). This is the most commonplace story I've heard and why young people (and myself included) will not work here. Not only is it below industry standard, but myself and many others get "cases" made for us for promotion and they frequently get declined by upper management who never sees or interacts with us because there's no reason to. The most common advice here for a promotion? Mingle with more managers so they know who you are. This is not a place of merit, but a place of heirarchy. Expect to be overworked for your role and never see anything for it beyond a Starbucks gift card every quarter or so. I know associate level engineers that have worked here for two years, can define plainly how their work is 1-2 levels above their role duties that Schwab has self-defined, and still got declined for promotions as they require more "exposure" AKA "We don't know you so we're passing you up for someone that rubbed our shoulders".

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Charles Schwab Response
2y
Thank you for your feedback. We care about empowering employees’ growth, development, and ability to create positive change across the firm. We always appreciate honest and open feedback as it leads to a better workplace for all. We’ll share your insights with our team.
Viewing 61 - 63 of 7,831 Reviews

Glassdoor has 8,662 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.