Broker - Broker Trainee Charles Schwab Employee Review

1.0
Aug 5, 2017
Recommend
CEO approval
Business Outlook

Pros

You are given a fully paid month to sit in a room and study for the Series 7/63. Might look good on a resume because it's a Fortune 500 company but you'll have to fake until you make it from there.

Cons

I don't even know where to start. Honestly, if you're college educated and interested in finance then STAY AWAY. They sell the idea that you're "starting a career in finance" which is complete BS. More of a customer service call center type role. If you are looking to work as an analyst or any type of finance related role (outside of wealth management) then you're wasting your time with Schwab. If you're interested in wealth management you're probably better off starting at a wire house and then getting a job in a schwab branch as an FC (I only say this because you can make six figures working 40hr/week dealing with cheap clients). The Broker Trainee program is the pond scum role of schwab and not respected anywhere else in the company. No room for growth. They preach that you can move to another department after 18 months but no one is going to help you do that. Several colleagues of mine were interested in working towards their CFP and management tried to talk them out of it. They want you to stay in the call center because they need people on the phones. The only people that like it there and/or stay have no other choice (i.e.kids to feed, mortgage, wife, etc.) or they have nothing else going for them (i.e. no college degree). They reward loyalty and tenure. The director I was under was there for about 17 years and had absolutely no leadership or social skills. He would micromanage through an employees direct supervisor. If you'd like to build your resume and get licensed then take the job and move on ASAP after passing. Have an exit strategy from day one or you're gonna get stuck walking old people through the website and getting yelled at when clients are unhappy with their accounts. I just wish I came across this review when I interviewed. If you decide to pass on the opportunity then good luck with the job search!!

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.

See reviews by: Helpful|Rating|Date|All