On average, employees at Charles Schwab give their company a 3.9 rating out of 5.0 - which is 3% higher than the average rating for all companies on CareerBliss. The happiest Charles Schwab employees are Senior Managers submitting an average rating of 5.0 and Managers with a rating of 2.8.
"I've worked for Schwab for over a decade. Over the past 3 years, the culture has changed. Management, led by the head of Retail now ONLY focuses on numbers. There has been a significant loss of talent due to this change. Management (from the top down) constantly threatens EVERYONE's jobs. This plan to double the # of FCs is a pipe dream unless they address employee retention. Hopefully the board realizes the issue sooner than later. I along with every one of my colleagues are looking at jobs at other companies."
"Started in 2009, during the bad times for financial services corporations. Was promised career advancement, great bonus and project pay (overtime for special times of the year). Lies, that is the only way to describe it. If you enjoy a salary in the mid 50's and just want to come in, be stressed and over worked, but leave and not worry about work afterwards, then this may be the place for you. Oh yeah expect raises to be average inflation minus 1% for meets expectations and maybe average inflation for all else."
"Worked at Schwab for 9 years. Great company, but slow to move on ideas and hard to get new roles. As my relationship with my superior declined, work became horrible."
"Very good company to know the financial industry."
"Be prepared to have the life sucked out of your body. Upper MGT is constantly in a reactive mode. A distinct lack of direction from the top leaves one breathless. Security initiatives consume all efforts to achieve any type of direction for your career. The IT segment (DCIS) is consumed with keeping the status-que. If you think you will get a promotion based on merit you will be sadly disappointed. MGT is determined to keep a cap on salaries and that translates into virtually no promotions. They promote treating each other like they treat external customers. Nothing is further from the truth. A state of fear paralyzes nearly everyone from taking any action to change a broken system."
"In the late 90s the best company ever. Then after 9/11 it became a dark and ominous place. I had already left the company but their layoff procedures consisted of, everyone in the office, All doors locked, power off and then one by one being called in to either keep your job or lose it. That part I find reprehensible. On the other hand depending on the length of employment you were offered up to 15 months severance."
"Contract opportunities here can be exceptional restrictive due to the immense security required for an a major financial investment firm. With the current workforce migrating to more flexibility and deliverables driving this can be frustrating for someone coming into the environment from a more relaxed role or requirements."
"I've worked with Schwab since March of 2014 as a contractor. The experience and exposure I received to their network was a very excellent learning experience and many of the network engineers were very helpful in answering any and all question.Management was a different story. The management teak seems very distant from the team when it came to important matter of being over worked. The management team was not very good in regards to budget and accounting, which resulted in many contractor jobs being cut.Overall being a FTE for Schwab is good, with the exception of being over worked, but I would not recommend working with Schwab at a contract capacity."
"Great people, great company, a lot of bureaucracy."
"Excellent company to work for."
"The overall company is very good. The employees are top notch and the core values are in line with the client's best interests. The AFC role is not ideal for an external hire candidate as there will be very little training provided. After 3-6 months new hires are flown to a weeklong training session. The experience and actual daily duties of the AFC job will vary greatly depending on the location and staffing of the branch. The best way to get promoted is to be willing to move."
"I have been working at Charles Schwab managing Fixed Income Platform. I am responsible for architecture, design and development of features for FI Platform. I consider myself an expert in J2EE, REST, SOA and other distributed technologies."
"Very good company to work with and I have no issue with company working for last 10 year."
"Strong company and well known for its service and quality."
"I worked for Charles Schwab for 1.5 years. It was OK but they tend to be stuck on older technologies in some areas of IT."
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