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      Charles Schwab

      Engaged Employer

      Charles Schwab reviews

      3.7

      66% would recommend to a friend

      (7,831 total reviews)
      avatar

      Rick Wurster

      72% approve of CEO

      63% positive business outlook

      Ratings by category

      4.0

      Diversity & inclusion

      3.7

      Culture & values

      3.7

      Work/Life balance

      3.7

      Compensation and benefits

      3.6

      Career opportunities

      3.2

      Senior management

      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).

      Ratings by demographic groups

      Reviews by job title

      8K reviews
      2.0
      Jun 11, 2008

      Beware the frequent layoffs

      Managing director
      Recommend
      CEO approval
      Business Outlook

      Pros

      Some flexible work schedules. Decent enough salary and bonus. Some great people at the staff level who do know what they're doing and are committed despite it all. The layoff package (5+ months salary plus notice) is good for the inevitable when it happens.

      Cons

      Frequent layoffs, no employer loyalty, no development and training. As soon as your job can be outsourced it will be. Managers and directors really have no significant decision making power. Most senior IT management has no technical pedigree (and no real interest in trying to understand) so trying to get through to them is like talking to a brick wall. No more jobs in SF as everything is being moved out to cheaper cities.

      2.0
      Jun 11, 2008

      Great benefits but that's about it.

      Senior technical project manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      They give provide great benefits to domestic partners. They allow you to work from home, and if you've been there long enough you will get 4 weeks paid vacation a year.

      Cons

      Their geographic strategy means they are no longer hiring in SF and if you work there your chances of being promoted or of making a lateral move are greatly diminished. They are also going to start offering relocation packages to 80% of the technology organization. They expect 90% of impacted employees to turn the relocation package down in which case they will be laid off. That means they are expecting 72% attrition in SF employees over the next 3 years and the people left behind are going to have to deal with the brain drain and the shock to the organization. You can imagine what that's doing to morale. Also their salary is below market level and they are considering doing away with the bonuses and sabbaticals. They have thinned out their staffing levels so everyone is exhausted with too much work and then required us all to go to "client loyalty" training.

      Viewing 7822 - 7824 of 7,831 Reviews
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      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.