No promotion after 2 yrs as a team lead. Department VP/MD manipulative - Anonymous employee Charles Schwab Employee Review

2.0
5 June 2018
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Great benefits and overall culture is client oriented. Colleagues are generally helpful and pleasant to work with.

Cons

As the corporation grows larger, some department heads are either poorly trained (don’t know the job grade structure) or simply cutting corners on promoting and paying their top performers fairly. Seeing more often managers ask top performers to lead a team without paying them more or on track for a promotion. Manipulative tactics to talk their employees into believing they are given an opportunity to learn to lead, but in reality they just pile on more responsibilities (also alleviate work load of MDs) and save $$$ on compensating for the work the employees perform.

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5.0
17 June 2026
Recommend
CEO approval
Business outlook

Pros

Charles Schwab has great benefits, work life balance, and opportunities for growth

Cons

The only downfall is salary

2.0
23 June 2026
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

There are a few great managers here, but they are few and far between. Good amount of sick pay.

Cons

Underpaid for the role. Just another cog in the machine to get tasks done. If you don’t have seniority, but are being mistreated by individuals who are more senior, be ready to shoulder the blame for errors even if you are new. The lack of training is astounding, especially for some departments that are expanding. Lots of koolaid drinking. If you care about being kind and authentic, be careful which team you land with. Take your time during the interview process.

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