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2 people found this helpful  

10 great years, 2 not so much

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee
Former Employee - Anonymous Employee

I worked at Charles Schwab full-time

Pros

Some of the nicest people you will ever meet. The feeling you're working for a company that has values and a purpose. Feeling like the work you're doing is actually helping people.

Cons

Beware the reorg - they love to reorganize constantly. If you hate your job or boss don't worry - it will probably change soon enough. Unfortunately this leads to confusion, institutional knowledge getting lost in the shuffle, sometimes terrible situations for unsuspecting employees. And heaven help you if you get separated from your support network. Oh, and get the title and position you want on your way in because there is no such thing as a promotion.

Advice to ManagementAdvice

Stop thinking you've found Willy Wonka's magic ticket with every new executive and reorganizing everyone at his or her whim. You've already got a great team. Promote from within. Stop overturning the apple cart so often. Let the smart people you already have do their jobs without so much distraction.

Other Reviews for Charles Schwab

  1. 6 people found this helpful  

    Working at Schwab is not for the faint of heart.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Managing Director  in  San Francisco, CA (US)
    Current Employee - Managing Director in San Francisco, CA (US)

    I have been working at Charles Schwab full-time for more than 10 years

    Pros

    Time passes quickly because there is so much work to do because most departments are understaffed; employees have very strong work ethic and want to do the right thing for Schwab's clients.

    Cons

    Few opportunities for movement for existing employees in San Francisco; few promotional opportunities for director level employees; culture does not promote work/life balance; leadership priorities change often leaving everyone scrambling; frequent organizational restructures with little regard for employee skills, experience, career interest or desires; only the projects deemed"sexy"receive recognition with monetary reward heavily weighted towards those leading them;

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  2. 10 people found this helpful  

    RUN! Schwab is a dinosaur company that will eat your soul

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Senior Manager  in  San Francisco, CA (US)
    Current Employee - Senior Manager in San Francisco, CA (US)

    I have been working at Charles Schwab full-time for less than a year

    Pros

    The work hours are very easy if 9 to 5 is your ideal this is the place to be. You get swanky leather bound paper notebooks to take notes in. If you are in San Francisco the location is mass transit friendly and centrally located. It will enable you to get to the job interviews you will be setting up after you start working here.

    Cons

    I am horrified by Schwab's outdated technology and tolerance of inefficiency. I SEROUSLY REGRET COMMING TO THIS COMPANY! This is a company that operates from decade old discontinued Compaq computers loaded up with Microsoft 2003! Directors and above can select the equipment they want but you will not be allowed this option. This is the first company I have worked at in the last 15 years where people come to meetings without ipads or laptops. File sharing, calandar syncing, FTP sites, and most of the tools you are accustomed to using are disabled or non existant at Schwab.There is no HR available other than for remote training. If you have any issues tough. There are few training programs. This is an ideal place to be constantly frustrated by inefficiency. The halls are lined with 15 and 20-year employees that are resistant to any change. When there are failures (there are a lot) they become an Schwab cheerleading squad and tell you how innovative they are. You will become sick of hearing the word innovative as you sit in your beige cube at your Formica desk with a Compaq. Your technical work skills will be guaranteed to erode. You will lose 1 to 2 hours work time per day due to IT issues. On the upside they give you nice leather bound paper notebooks so you can take notes. You you will need to have this as you will not be allowed portable technology at Schwab. Beware of the perks of getting to see a financial advisor. These guys will try to put you into Schwab's low earning funds. They have no grasp of emerging technologies or the landscape of the international economy. You will be forced to move all of your accounts to Schwab and will be forced to use their outdated and ugly trading platform. There are minimal holidays off. If you want to know what 1979 felt and looked like, come to Schwab.

    Advice to ManagementAdvice

    Stop saying that Schwab is an innovative company. You ARE a slow motion disaster of outdated thinking and technology. You currently have a 10.7% atrition rate amongst employees you should be alarmed. You cannot attract young or skilled talent due to your antiquated ways.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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