Worst company no loyalty a graveyard for your career - Managing Director Charles Schwab Employee Review

1.0
Nov 9, 2024
Recommend
CEO approval
Business Outlook

Pros

decent cafeteria nice people in working units.

Cons

I was employed at this company for numerous years and experienced a significant change after the merger. Despite having a track record of exceeding expectations every year and receiving numerous awards, I was replaced by less experienced and less professional managers who lacked even a basic understanding of some of the product lines I oversaw. The opportunities for advancement are minimal, with cookie-cutter management, management by the numbers, and ridiculous processes. There is a pervasive sense of phoniness everywhere you turn. Severance pay was low, and the clawbacks on award stock that I received were unfair, ultimately being given to employees who remained. Executives like Walt Bettinger paid themselves handsomely every year, while the average employees, who rely on small bonuses, saw nearly a 30% reduction in their bonuses. Meanwhile, our CEO received almost $24 million, which is almost 250 times the average salary of a mid-level manager. This is a disgusting example of the misused and fake corporate environment that exists in the United States. I'm sure that human resources teams and publicists will read this and come back with some ridiculous comment about contacting them to discuss or disputing what I am saying, but these were my personal experiences and those of many of my colleagues. Avoid this company at all costs, unless you are an individual only looking to finish the last few years of your career.

Explore other reviews about Charles Schwab

5.0
Jun 7, 2026
Recommend
CEO approval
Business Outlook

Pros

Lots of learning opportunities with opportunities for growth.

Cons

Limited to RM role for promotion, where you get stuck in that role.

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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