Charles Schwab

https://www.schwab.com/
Women's Job Satisfaction (5=very satisfied)
Review User Image

straightshooter

Client Relationship Specialist

Strategy & Business Development

January 1970

Schwab is comprised of "nice" people - everyone is respectful, considerate, and overall, there's still that small-town, California laid-back feel. In fact, it's even quite cultish in a way; so many employees - men and women alike - LOVE Schwab and are proud to work for the organization. However, a part of this is also due to the fact that they really don't know any better. Honestly, the benefits at Schwab are just ok. The benefits pale in comparison to what bigger American banks are offering, and certainly what the Swiss, German, and French banks are offering. Schwab really needs to step up its game in terms of medical, leave, work/life, and fringe benefits.

Job Satisfaction Level

3.0
  • Recent Salary

    $50k-$80k

  • Recent Bonus

    $0-$10k

  • CEO supports Gender Diversity?

    Yes

  • Are Women and Men Treated Equally?

    Yes

  • Level of Flexibility

    1 2 3 4 5

    Again, it depends on your role. If you are at Schwab corporate, there's more flexibility. The branches are all about face-time, so there's only so much flexibility, much of which is dependent on branch hours.

  • Took Maternity Leave Here? (Weeks)

    None taken

    I'm thinking of starting a family in the near future and Schwab's 6-weeks paid maternity leave is a blip on the calendar. It takes well over 6-weeks to just physically heal after giving birth! Given that many companies require employees to be there for at least 1-year, I will have to leave Schwab to start the clock at another organization that has a better maternity leave policy.

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Maybe. It really depends on the role within the company, and where you are in your life. For instance, if you are thinking of starting a family, Schwab's 6-weeks paid maternity leave policy is pretty lame compared to comparable companies offering 4-MONTHS paid maternity leave. Although the culture is to respect normal working hours versus vacation time, Schwab also doesn't support a work-from-home balance; you're either in the office or on the road.

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katelia

January 1970

It is a workplace with a friendly culture, and great benefits. For an upwardly mobile woman, you will need to be political, as you would in any place, to be seen and heard often by senior leadership. It is a hierarchical organization, so you would want to play by these rules if you want to play the game. If you don't want to play the game, it is a comfortable place to work, with nice people to work for and with.

Job Satisfaction Level

3.0
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $10k-$20k

  • CEO supports Gender Diversity?

    I'm not sure

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion

  • Level of Flexibility

    1 2 3 4 5

    Flexible with limits. If someone works from home too often, people will start to notice. There is also a requirement to log all the hours where you are working remotely.

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Hours, Culture, Policies

  • One Thing Employer Could Improve

    I was laid off. But, if I had the chance, to choose to leave, I would have stayed if my opportunities were more challenging. My team endured much organizational changes, and I ended up in a role where tasks were repetitive and uninspiring.

  • Recommend to Women?

    Maybe. Finance industry is a traditional old-boys club, but it recognizes it needs to change. However, during this transition from the boys club to becoming more diverse, which also includes hiring and promoting more women in senior leadership, Schwab is open to the idea and wants to do the right thing. It may be harder for women to gain higher rankings in the company, but with the right persistence, it can happen. Or, at least, one can learn from the experience.

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Jeremiah29:11

Talent Sourcing Advisor

Human Resources

January 1970

They genuinely care about equality and have an inclusive culture.

Job Satisfaction Level

4.0
  • Recent Salary

    $80k-$100k

  • Recent Bonus

    $0-$10k

  • CEO supports Gender Diversity?

    Yes

  • Are Women and Men Treated Equally?

    Yes

  • Level of Flexibility

    1 2 3 4 5

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Improve work-life balance and policies (e.g. flex-time, limit face time)

  • Recommend to Women?

    Yes

Review User Image

anon3722

Client Specialist

Finance

January 1970

Schwab is a great company to work for. However you definitely need to push to get ahead. Thx

Job Satisfaction Level

5.0
  • Recent Salary

    $50k-$80k

  • Recent Bonus

    $0-$10k

  • CEO supports Gender Diversity?

    I'm not sure

  • Are Women and Men Treated Equally?

    Yes

  • Level of Flexibility

    1 2 3 4 5

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Hours, Culture, Policies

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Yes

Review User Image

Luckyduck08

Product

January 1970

As of 2017, Schwab added a paid leave policy. Schedule flexibility varies by department.

Job Satisfaction Level

5.0
  • Recent Salary

    $80k-$100k

  • Recent Bonus

    $10k-$20k

  • CEO supports Gender Diversity?

    I'm not sure

  • Are Women and Men Treated Equally?

    Yes

  • Level of Flexibility

    1 2 3 4 5

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Policies

  • One Thing Employer Could Improve

    Improve work-life balance and policies (e.g. flex-time, limit face time)

  • Recommend to Women?

    Yes

Review User Image

womenrock

January 1970

Not a great place in terms of upward mobility, however it has great work life balance. In the process of moving jobs out of San Francisco to cheaper states.

Job Satisfaction Level

4.0
  • Recent Salary

    >$150k

  • Recent Bonus

    $50k-$100k

  • CEO supports Gender Diversity?

    I'm not sure

  • Are Women and Men Treated Equally?

    Not for Pay, Promotion

  • Level of Flexibility

    1 2 3 4 5

  • Took Maternity Leave Here? (Weeks)

    None taken

    Schwab did not have a maternity policy until January. I believe it is now 6 weeks for the primary caregiver and 1 week for the non-primary.

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Promote more women into leadership positions

  • Recommend to Women?

    Maybe. Depends on which stage of their lives they are in. Not a great place in terms of upward mobility, however it has great work life balance.

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SmartBlond

Senior Manager

January 1970

There are more gender inequality struggles among financial advisors than among office roles like mine.

Job Satisfaction Level

5.0
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $0-$10k

  • Are Women and Men Treated Equally?

    Yes

  • Level of Flexibility

    1 2 3 4 5

    Flexibility is determined manager-by-manager. Culturally, working from home is generally not supported at the top of the house, so I feel guilty when I do it. Even though I'm putting in more time and being more productive when I do it.

  • Took Maternity Leave Here? (Weeks)

    None taken

    Schwab just increased their parental leave time off to 6 weeks paid. If I were still having kids, I'd be pumped about that.

  • Family Friendly Aspects?

    Hours, Culture, Policies

  • One Thing Employer Could Improve

    Promote more women into leadership positions

  • Recommend to Women?

    Yes

Review User Image

Euskadi71

Managing Director (MD)

January 1970

Overall the culture and environment are very positive. Pay is at the lower end of the average for the industry. Only have a few female senior leaders at executive level.

Job Satisfaction Level

4.0
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $20k-$50k

  • Are Women and Men Treated Equally?

    Not for Promotion

  • Level of Flexibility

    1 2 3 4 5

    Pretty flexible although they track working remotely and monitor those hours.

  • Took Maternity Leave Here? (Weeks)

    12 paid / 12 unpaid

    6 weeks of maternity and 6 weeks of family leave.

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Improve work-life balance and policies (e.g. flex-time, limit face time)

  • Recommend to Women?

    Maybe. Overall good company but they can do more on diversity at senior leader level.

Review User Image

DC12345

January 1970

Overall great place to work but depends on department and manager.

Job Satisfaction Level

4.0
  • Recent Salary

    $100k-$150k

  • Recent Bonus

    $10k-$20k

  • Are Women and Men Treated Equally?

    Not for Pay

  • Level of Flexibility

    1 2 3 4 5

    flexible work arrangements and working from home is discouraged

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Improve my compensation

  • Recommend to Women?

    Yes

Review User Image

Anonymous - 10596

Managing Director (MD)

Markets

January 1970

Great work life balance, but very poor maternity leave

Job Satisfaction Level

3.0
  • Recent Salary

    >$150k

  • Recent Bonus

    $20k-$50k

  • Are Women and Men Treated Equally?

    Yes

  • Took Maternity Leave Here? (Weeks)

    None taken

  • Family Friendly Aspects?

    Hours, Culture

  • One Thing Employer Could Improve

    Promotion

  • Recommend to Women?

    Yes

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