Charles Schwab: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

Charles Schwab Careers & Info

Current CEO: Walter W. Bettinger

Status: Active

Charles Schwab Corporation was founded in 1971 by Charles R. “Chuck” Schwab. The company is based in San Francisco, California, and serves more than 7.9 million client-brokerage accounts. In September of 2010, the company was worth $1.36 trillion in assets and had over 300 different offices scattered all over the United States. The company even has a presence in Puerto Rico and in London as well. Currently, the company participates in investment research, annuities, mutual funds, bond trading, savings, checking and mortgages. Many of Schwab’s clients may be found online and also by telephone.

Earlier in 1963, Schwab introduced Investment Indicator, which is an investment newsletter that managed to solicit 3,000 subscribers. Each investor paid $84 per year for exclusive access to this investment information. Under the name of First Commander Corporation, the company published the newsletter and offered brokerage service.

Prior to the development of Charles Schwab, Schwab’s steel company was mentioned in Dale Carnegie’s book, How to Win Friends and Influence People, in 1936. The company was noted for innovative methods of dealing with the staff. In 1982, the Junior Achievement U.S. Business Hall of Fame recognized Schwab for his efforts and advances with the Charles Schwab. The first branch of the Charles Schwab was opened in Sacramento, California. At this branch, discount brokerage was offered. By 1979, Charles Schwab had obtained 84,000 clients.

After they established their first 24 hour quotation service, the total number of client accounts grew to 147,000. The company became a member of NYSE in 1981, and the company grew to 222,000. After an office opened in Hong Kong, the number of client accounts reached 374,000.

The number of Charles Schwab careers increased as the number of offices grew. For a brief period, the company was under the control of David S. Pottruck from 1998 to 2003. During this period, the Charles Schwab culture changed significantly. The overall profit dropped 10 percent, which equated to $113 million, before Schwab regained control over the company. When this happened in 2005, the stock soared 151 percent. In 2008, the company yielded a net $1.2 billion in revenue with $5.1 billion overall.

Working at Charles Schwab became easier under the leadership of Schwab. Because of the company’s limited exposure to mortgage-backed securities, they did not suffer as badly as other companies affected by the 2007 to 2010 financial crisis. Thus, Charles Schwab benefits continued to be superior to many of its competitors.

What jobs pay the most at Charles Schwab?

Senior Vice President is the highest paying job at Charles Schwab at $230,000 annually.