Beware the frequent layoffs - Managing Director Charles Schwab Employee Review

2.0
Jun 11, 2008
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.

Explore other reviews about Charles Schwab

5.0
Jun 18, 2026
Recommend
CEO approval
Business Outlook

Pros

Great firm, great people, would recommend

Cons

Some difficulty making decisions that drive your work

5.0
Jul 8, 2026
Recommend
CEO approval
Business Outlook

Pros

-I did not know anything about finance, just had sales experience to my name and an open mind to learning and they took me in and tought me so much. -Benefits are top tier, from the basics to some that you didn't know they even existed. -They give you 8 hours a quarter for personal development. -Good pay without even including bonus or language add ons. -You will learn a LOT -

Cons

-2 year role commitment -Very corporate so might not let be your true self in the job with peers.

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