Charles Schwab https://www.schwab.com/

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Anonymous - 10596 Managing Director (MD), Markets
Send Message 0
January 1970

Great work life balance, but very poor maternity leave

Job Satisfaction Level
3.0
>$150k
$20k-$50k
None taken
Yes
Hours, Culture
Yes
Promotion
Review User Image
CuriousOne Marketing
Send Message 0
January 1970

Schwab is generally very supportive of women and there is a growing bench of women leaders. Depending on your department you could have more or less flexibility. But, policy-wise, flex schedules and maternity leave are extremely lacking. There is zero paid maternity leave (all disability based) and very limited, only 3 months and tacking on vacation time is frowned upon though sometimes understanding bosses approve it. But for smaller company wanting to recruit the best talent, this maternity leave situation needs to change and technology and culture need to improve/adjust to make more flexible work schedules work...

Job Satisfaction Level
4.0
>$150k
$10k-$20k
None taken
Yes
Hours, Culture
Yes
Improve my compensation
Review User Image
Changemaker Financial Consultant, Branch
Send Message 0
January 1970

There are multiple fantastic benefits of working here (health plans, 401k match, very ethical), but currently there ability to integrate work and family is fairly limited.

Job Satisfaction Level
3.0
$100k-$150k
Not eligible for bonus
None taken
Not for Promotion
I am in sales and have the same compensation structure as my male colleagues. My challenge is finding flexibility to be a parent. If you don't require flexibility then there are many wonderful reasons to work at Schwab. If you need or anticipate needing flexibility the you should discuss those needs during the hiring process.
Improve work-life balance and policies (e.g. flex-time, limit facetime)
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anon1345
Send Message 0
January 1970

Support of flexible work schedules and overall culture vary from department to department, and are largely dependent upon your organization within Schwab, or even your direct reporting structure. In most areas, there are great leaders, male and female, and there are many positive initiatives in-process to continue to make Schwab a great place to work. I would say that the company in general supports work-life balance. However, without many formal policies in place (e.g., telecommuting often depends solely on whether or not your director/VP is supportive) and outdated/inadequate benefits (e.g., maternity leave is bare minimum), Schwab has room for improvement in several key areas.

Job Satisfaction Level
4.0
$50k-$80k
$0-$10k
12 paid / 0 unpaid
1 week paid by company, 6 weeks paid by 66% short-term disability (had to sign up for during open enrollment) and 33% accrued sick time, remaining 5 weeks paid by straight accrued sick time
Yes
Hours, Culture
Yes
Improve my benefits (e.g. medical, maternity)
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Iedatkt
Send Message 0
January 1970

Depending on which group you work with, there are amazing leaders who understand the difficulties of working parents and provide support; however it would be nice if the overall company would support this instead of making it bureaucratic. Also there is no paid parental leave, which holds them back as a great company to work for.

Job Satisfaction Level
5.0
$80k-$100k
$10k-$20k
None taken
No paid maternity leave.
Yes
Yes
Improve work-life balance and policies (e.g. flex-time, limit facetime)
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Anonymous - 6768 Customer Service
Send Message 0
January 1970

Great company to work for. Maternity benefits need some work.

Job Satisfaction Level
4.0
$50k-$80k
$0-$10k
8 hours
None taken
Yes
Yes
Review User Image
Lady fairbiz
Send Message 0
January 1970

There used to be a strong bench of women execs in the 90s and 2000s but this regressed into white male execs in the latter 2000s - definitely a pity as Schwab was a role model for women leaders in financial services. I hope they come back.

Job Satisfaction Level
4.0
$100k-$150k
$20k-$50k
8 hours
None taken
Yes
Maybe.

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Women Review Charles Schwab for Culture, Pay and Gender Equality | Fairygodboss

Free, anonymous reviews of Charles Schwab by female employees, including pay, hours, maternity leave, flextime, and company culture

3.9 stars, based on 7 reviews Company Website CuriousOne Changemaker anon1345 Iedatkt Lady fairbiz