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 17, 2008
Recommend
CEO approval
Business Outlook

Pros

Schwab has a good benefit package. Such as sabbatical leave, matching gift program for the donations. But the sabbatical leave program is currently under review.

Cons

It is a stressful place to work. We have to train the offshare contractors whom have little or no work experience to take over our jobs. The CFO told us that the company will cut 4% expenses every year for the next few years. The jobs is likely to move out of the bayarea.

2.0
Jun 15, 2008
Recommend
CEO approval
Business Outlook

Pros

Almost none, you have to be really stupid or crazy to want to work there. The company moves at the rate of a snail and if anyone wants to move it forward people stop you from doing so. Complacency becomes a way of life. My advice is run from this company, there are many other companies out there. Despite everything the company does make a lot of money just because of the nature of business. If you are semi retired and want to continue warming your bench this is the best place for you to work in. The company does have fairly liberal work from home policy.

Cons

Career Death, working here will make you lose your mind. This place is so slow and its processes so antiquated that it will drag you down with it. Play low class politics somehow is the way of life here. People stabbing each other's backs, being sweet on the surface and doing just the opposite. There are managers managing managers and so on. Layers and layers on inefficiency is all over this place. They take pride in moving as slow as possible. They waste tons of money because of really bad decisions. The idea of product strategy is to get together on a call with people and collect their opinion and that then becomes strategy. It is as if they don't want people thinking here.

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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.