Fools gold - Financial Service Specialist Charles Schwab Employee Review

1.0
Nov 3, 2023
Recommend
CEO approval
Business Outlook

Pros

Schwab has understanding team level managers

Cons

Schwab does NOT CARE about its employees or its clients. Only profit. Came from the TD side and can tell you first hand that if there was anything a client needed that wasn’t a password reset or an account transfer out, Schwab didn’t want to help. I only spent 3 months of the Schwab side before I couldn’t take it anymore. Schwab didn’t listen to a thing its employees were saying and execs would keep information secret even to managers until after they made huge changes (I.e. changing wfh policy and not telling any management until AFTER the email was sent out). And if a client called in with a concern, it’s was like punching through a brick wall to even help them. Service desktop was garbage and all the trading systems felt like they were for a kindergartener with no capability for high level trading. And all is TD reps were told it would be a step up with better tools and better staffing but it just turned out to be FOOLS GOLD.

Explore other reviews about Charles Schwab

5.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

Great community, lots of fun events and work life balance

Cons

Is slow and feels like a retirement job

1.0
Jul 15, 2026
Recommend
CEO approval
Business Outlook

Pros

-Paycheck comes on time most weeks -8% 401k match is very competitive

Cons

-Raises our very low. The “exceeding expectations” raise has been around 3% for the last three years, which is under inflation. -AI is used as the primary way of grading performance, however the way that this AI grades is kept secret from us doing the work. You can have great feedback from client but if the AI scores you low, you will be written up/fired. - Client data entry and account operations have been outsourced to low-quality processors India. Every single day you will deal with issues because of how much sloppy work is being done. There is no follow up or problem-solving regarding these errors, they are just a fact of life at Schwab, and you need to double check pretty much everything being done here. -Most members of leadership, when sharing their personal story, will share that Schwab was their second choice. They call someone who has left Schwab and then come back a “schwabarang” and many members of leadership are Schwabarangs. This can easily be felt in the nature and character of the leadership where the focus is on KPI numbers and keeping costs as low as possible over any kind of improvement of operational effectiveness

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