(Winged ratings measure job satisfaction on scale of 1 to 5)
Anonymous shared this review of Charles Schwab, United States on Jan 15th, 2020
"Overall a good place to work, but still male dominated and depending on your leadership, may or may not be focused on gender diversity and inclusion. "
Anonymous shared this review of Charles Schwab, United States on Aug 26th, 2019
"Make the best out of your role regardless of what my experience was. Everything isn't for everybody. Might be a good fit for you. "
Anonymous shared this review of Charles Schwab, United States on Jul 3rd, 2019
"Schwab is committed to building a diverse and inclusive workplace where everyone feels valued. As an equal employment opportunity employer, our policy is to provide equal employment opportunities to all employees and applicants without regard to any status that is protected by law (Equal Employment Opportunity policy). Schwab is also an affirmative action employer, focused on advancing women, minorities, veterans, and individuals with disabilities in the workplace. We believe diversity and inclusion are part of our success as a company and our purpose of serving every client with passion and integrity."
Anonymous shared this review of Charles Schwab, United States on Jun 5th, 2019
"To make sure you document everything and are very cautious in your delivery."
Anonymous shared this review of Charles Schwab on Feb 25th, 2019
"Great company culture overall! I feel valued everyday for the work I do. "
Anonymous shared this review of Charles Schwab on Feb 4th, 2019
"Parents are favored. It is frustrating for me, as a single woman, to work here, because it is always assumed those employees with children should have priority in terms of scheduling. "
Anonymous shared this review of Charles Schwab on Dec 11th, 2018
"Schwab has a culture of inclusivity and collaboration where people support each other and lift each other up. Schwab makes it possible for me to have a career and be able to take care of and support my family. "
Anonymous shared this review of Charles Schwab on Nov 29th, 2018
"Schwab really values women and we are seeing an increase in diverse leadership roles where women are concerned."
Anonymous shared this review of Charles Schwab on Nov 26th, 2018
"Make sure you are a good fit with your management. Some employees are put in a management position, and their expectations and the expectations of the culture vary greatly, or they are brought in and are not understanding of the culture. Make sure your expectations of the position match your manager's and that you are in a position of growth, or your career may be hindered, or you will be encouraged to move to a different department in order to grow your career. "
"Six weeks paid parental leave to care for a newborn or adopted child"
"Great support, depending on the department/team for which you work. Historically, there has been support for identifying potential growth as long as it supports enterprise goals (which I think is entirely reasonable)."
"Overall positive. There is some room for improvement in balancing out senior executives with more women and people of color. There are some groups that are much more diverse than others. "
"Schwab is a company striving for a better tomorrow, which is extremely encouraging in a male dominated industry. "
"I was pleasantly surprised by the level of diversity on my team."
"The benefits here are great, and they make it a priority to hear people out about what could make our lives easier. Something that I have noticed is that it takes forever to get promoted. No matter how long you have been here, and how much you have contributed, it is so rare for someone to get promoted. I have heard of colleagues leaving for 4 months to another company and then coming back and applying to a higher position to come back just so they can get that promotion themselves and get the higher pay they are looking for. Aside from that being more of a con, Schwab is known for having a great caring culture in the work environment, their facilities are top notch."
"Overall my experience has been wonderful at Schwab. Everyone is willing to help and any roadblocks that appear are readily cleared. "
Anonymous shared this review of Charles Schwab on Nov 11th, 2018
"I am a newer employee, but I have already experienced flexibility and support for me and my family needs. I have also witnessed other women in my department be supported with flexibility and other benefits. I have seen women being promoted at all levels, and in my department, there are multiple female senior leaders. "
Anonymous shared this review of Charles Schwab on Oct 26th, 2018
"Company culture has taken a nose-dive in recent years at Schwab. Watching the way they handled lay offs of employees this year was especially terrible. We all understand that lay offs can happen but you don't need to treat people who have worked at your company for years like literal garbage when you throw them out the door. Don't take a job at Schwab if you want employment stability or support."
Anonymous shared this review of Charles Schwab on Oct 22nd, 2018
"Be ready to watch someone who was hired at the same time as you get promoted because they're a man."
Anonymous shared this review of Charles Schwab on Oct 12th, 2018
"There is gender diversity here, but women still face many of the challenges that they face with less progressive employers."
Anonymous shared this review of Charles Schwab on Aug 3rd, 2018
"There is a strong network of women willing to support you at Schwab."
Anonymous shared this review of Charles Schwab on Jul 10th, 2018
"Your experience really depends on your manager. Great managers offer the most flexibility because they trust you. "
Anonymous shared this review of Charles Schwab on Jun 7th, 2018
"Tons of opportunities and great place to grow. Good work live balance and diverse culture."
Anonymous shared this review of Charles Schwab on Jun 4th, 2018
"Salary, benefits, culture, career growth, development opportunities are all important pieces of working for Charles Schwab."
"Schwab is a great company that cares about its employees and has a with a culture of diversity and inclusion"
"Lots of growth potential. Wish the PTO accrual was more robust."
"Lack of vision strategy by leadership. Significant churn in leadership. Lack of career growth."
"Charles Schwab Investment Management review You should pick your manager wisely because they have a direct impact on both your day to day experience on the job as well as your future success in the firm."
"Joining the Women's Interactive Network gives you the opportunity to mentor with other talented women"
Anonymous shared this review of Charles Schwab on Apr 14th, 2018
"The gender bias is pretty institutionalized and as a woman who had spent most of her career with high-powered women execs in charge, the culture was a shock. Also, women wear pantyhose in some depts. "
Anonymous shared this review of Charles Schwab on Apr 10th, 2018
"The sky is the limit. Schwab is an excellent employer, just inflexibile if you are in a sales role. Another female colleague of mine was nearing retirement age. She had twice the workload as the rest of the office as her book was double. She either had to put up the numbers or find another position. She chose to retire. They hired 2 new young inexperienced (one didn't have her series 7 yet) to replace one of her. It's either put up the numbers or find another role within the service center that is conducive. I keep putting up the numbers, but worry when I get to the point that I can't. "
Anonymous shared this review of Charles Schwab on Apr 6th, 2018
"We still have strides to make, but there is a sincere mindfulness around equality and inclusiveness and policies are being put in place every month to reflect this "
Anonymous shared this review of Charles Schwab on Mar 17th, 2018
"I personally found that my male bosses at the firm were more family oriented than the female bosses. "
Anonymous shared this review of Charles Schwab on Mar 13th, 2018
"They have treated me fairly and much better than my former employers. I feel the opportunities are wide open to succeed. "
Anonymous shared this review of Charles Schwab on Mar 9th, 2018
"I think that women are treated equally and there are a number of women in senior leadership positions."
Anonymous shared this review of Charles Schwab on Mar 1st, 2018
"We truly care not only about our clients but our employees are just as important. Schwab provides the right tools, resources and support to be successful at any stage of your career/life."
"Respecting others and work/life balance are both very important parts of the culture at Schwab. Family time is honored."
"The culture is great! Strong work-life balance is encouraged. feedback for improvements is constantly asked for. "
"The firm offers excellent benefits, competitive salaries and promotes a healthy work life balance. They also promote great health and fitness."
"It is a male dominated industry. I feel that it helps to be a strong female to thrive."
Anonymous shared this review of Charles Schwab on Feb 17th, 2018
"I have worked in the financial business for over 30 years. I started as a young girl in a trading room in the early 1980s. very tough environment for women back then. Those experiences were invaluable and made me the women I am now. Schwab is the most civil work environment hand down from any firm I have worked for. It is a great place for women to work and not feel like they are second class citizens. I would HIGHLY recommend Schwab as a great place for women to work. "
"The finance industry is very male dominated, despite the efforts of this firm, there will still be barriers for women to overcome. "
"The issue with Schwab policy is that a lot relies on individual manager discretion. If you have a strict manager who doesn't believe in work-life balance, as I do currently, it can make your experience here quite difficult. Work loads are tremendous, so having some flexibility in schedule is really necessary, but I don't currently have that. "
"You are truly part of a team dynamic here, and everyone supports others, especially during times of need due to illness, family leave, death in the family etc. There is a lot of effort to ensure you know you are cared for and support is always available. "
"Great support, but room for improvement. Insurance does not support families as well as it could and maternity leave is below average. "
"I would advise another woman to be herself and not feel the need to adhere to the "boys' club" culture that is often prevalent. I would also advise her to join our Womens Interactive Network (WINS). "
Anonymous shared this review of Charles Schwab on Feb 12th, 2018
"The desire to be a company that treats all employees fairly is truly there. There is a lot of attention paid to diversity and bringing in more women to sales roles, technology roles and senior leadership roles. There is less success than they have hoped because of lack of applicants, which is representative of the investment services industry. I believe there will be success over time."
Anonymous shared this review of Charles Schwab on Feb 8th, 2018
"Charles Schwab has great benefits and you can make long and fulfilling career here. Charles Schwab understands corporate responsibility and lives it too. Each employee is given paid time off to volunteer and builds "Green" operations center, Even though there is room for improvement, it is great place to start your career."
"Very kind and collaborative culture, opportunities for growth and development are readily available. "
"Maternity leave is much less than other financial institutions, 6 weeks compared to 16 weeks at some major financial firms"
"Great opportunities for advancement. You can do your best work here"
"Schwab has an impressive number of women in leadership positions throughout the company. They have parent friendly policies and provide the flexibility needed to have the work-life balance that works for you."
Anonymous shared this review of Charles Schwab on Feb 5th, 2018
"Schwab is a great company to work for depending on your manager"
"Overall I have seen equal opportunity. I would encourage them to apply."
"Networking and personal branding should be incorporated as part of your career growth plan."
"Its a great place to work but there can be a boys club particularly the higher up you go."
"There is a great variety in female leadership by organization. For example, Retail/Investor Services is run by a woman and has many women in key roles as do Digital Services, Platform Services, and HR (of course). Operations, Finance, and Technology have a long way to go. "
"Women here are very supportive, but there is work to do in the promotion and retention of women in leadership especially at Officer levels"
"It is a great place to work with a friendly enviornment"
"You will see women in power positions throughout the firm and at all levels."
"There are a lot of really smart women in high level roles at this company, and I don't see differences between men and women, other than qualifications, when it comes to promotions and opportunities."
"They promote women up in leadership roles and have a network specifically for women in the workplace. "
"They make an effort to support and promote women in finance. There are many opportunities to connect with different groups, grow your career, have a solid and steady employer, and meet many friendly and interesting people. The maternity leave has gotten better in the last two years, but there is still room for improvement with that and other work/life balance issues."
"There are a few male employees who are adverse to strong female personalities, but you need to rise above and push on. "
"Schwab has always been tuned into creating and maintaining a diverse workforce that values all types of employees, regardless of race, gender, religion, etc."
"Changing to a results-oriented culture with greater acceptance of work-from-home and flex-schedules (as opposed to current way where WFH hours are closely tracked/monitored, which has made the culture very face-time heavy), offering emergency/backup childcare assistance, addressing the gender equity and pay gap issues, all could improve the espirit de corps among women and make it a better place for women to work. Feel the firm has a long way to go to being a great place for women to work. "
"This is a male dominated industry- however there are several men and women working within Schwab that promote and empower women. "
"I was skeptical it could be as good as I was told, but my fears were unfounded. Schwab will support you as a human, as a woman, as an employee, and will set you up for success in every way. "
"There are not enough female financial consultants at this company. More women need to apply. We get a lot of request from our female clients asking to speak to a female consultant and it is disappointing to the them when told that we not have anyone available."
"Schwab is a great place to work for women. You can create your own destiny and there are women in multiple power positions."
"Great place to work, very accommodating to women and their needs with their families and children."
"I am surrounded by many fantastic and strong female leaders. I truly believe Schwab promotes talent without bias towards gender. Benefits, Employee Resource Groups, policies and internal practices have all been family friendly, from what I've seen. Diversity is recognized and voiced as incredibly important among leaders at all levels. I cannot say enough good things about Schwab and fully intend to retire here!"
"My previous employer was always shoving "shareholder value" down our throats. In the 10+ years I've been at Schwab, I've only heard it mentioned a handful of times - how refreshing!!. "
"Great culture for women and anybody that cares about offering the best services for our clients and employees."
"In an industry dominated by men, we need more women. I have never felt that Schwab treats women differently and there are many female leaders in high positions to look up to. Schwab is proud to celebrate all diversity and inclusion."
"Women support one another here, and many of the managers are blind to gender (I mean that as a good thing)."
"I think Schwab is a great place for a woman to work. However, I will say, I also think it depends a lot in what department you work in. I have noticed some inconsistency in certain policies such as remote work and flexible hours."
"There are great opportunities in Financial Services especially at Charles Schwab. Although, in some departments more than others it is still dominated by men so you may feel isolated at times. We are actively working on getting more women informed about what we offer and the career possibilities. "
"You're opinion counts; Environment full of opportunity for growth and development; Encouraging Senior Leadership"
"My pay is not at the same level as my peers. I came into the role low in my range, and have had a hard time moving up the pay scale. Management says that gender diversity is important to them, but I'm not sure that it flows down to their actions. Actions speak louder than words. "
"I find in my area women are treated fairly and respected. I would highly recommend women to work for Schwab. "
"This is a great place to work! I've been here over a decade. They've moved me from SF to Denver. I have had three maternity leaves and two sabbaticals. I am looking forward to a third sabbatical. I cannot imagine working anywhere else. I love it here."
"the organization is women inclusive but the industry still is very slanted towards male employees. % are not very balanced"
"It is flexible, letting you meet family needs when necessary"
"We have great female leaders who are willing to mentor and support others! "
"While the environment has changed over the years one thing that holds true, we do everything to help deliver excellent service to our clients. "
"Learn your role and figure out your career path sooner rather later."
"It has good work-life balance, but not so great with diversity."
"The higher you move up in the company the more of the "good ole boys" culture you'll encounter."
"there is no formal diversity training and people may say or do insensitive things and hide behind ignorance"
"Women are rare in this industry but I feel like Schwab goes a great job trying to attract more women talent into my role. My manager is very flexible when it comes to needing to be there for my kids - whether they are sick or it's an extracurricular activity I need to attend. The only thing that would make this job better would be if I could work from home a few days/week."
"The company is fair and has a great culture. The attitude of the teams reflect the leadership at the top. Walt is an amazing leader "
"There is a big push for women to take leading roles within the company. There is great visibility."
"While there is always room for improvement, Schwab is better than most for woman in leadership as well as benefits."
"Schwab is an honest, ethical employer that really works to see through the client's eyes."
"They have been very supportive of my growth and the culture here is great. I have never felt less than equal to my male peers and they support a great diversity/inclusion network. "
"It's been great; I've been encouraged along the way. Definitely lots more room for women in client facing and/or middle management roles."
"The change in HR leadership has created the opportunity for a paid leave policy in 2017; I took advantage of it and also paired it with the paid sabbatical (4 weeks) program after 5 years of service. Four months off 'paid' was a game changer for my pregnancy."
"I say that promotions are few and far between for both men and women. Salary increases are rare as well. Negotiate a strong starting salary because other than minimal annual raises that don't cover cost of living, you won't get pay increases."
"Schwab makes a clear and conscious effort to support women in our workplace. From day 1, I've felt equal to all employees (both male and female) who work here because gender & hierarchy boundaries don't exist!"
"Encouragement of women's success in the workplace. People are smart and friendly Management is supportive of career development and leveraging your strengths and talents "
"Working mothers get very little support here. If you have kids, you are going to need a very flexible, very reliable child-care plan. For example, the office never closes when the local schools close. And telecommuting is not an option. And management does not announce whether the office is open until 4:00 am the day of, making it impossible to arrange back-up child care."
"Schwab is one of the best places to work - while there are pockets of too many men in leadership roles, there are great opportunities for women. "
"There is appears to be a definite ceiling. Positions with higher pay, more opportunities tend to go to men. Getting an interview for other areas is very difficult, most will talk to you informally, but an actual interview is hard to snag. Your referrals of your friends and family to positions will most likely not even get a phone screen. "
"I would say that out of all of the employers that I have worked for in my career, Schwab is the most diverse in terms of hiring and equitable in terms of treatment of women in the workplace."
"Positive culture. Personal development encouraged. Many job opportunities. Overall a great place to work and thrive. "
"If you are looking for a career opportunity where your contribution and input is valued - consider Charles Schwab. Great people who care about each other and our customers."
"There are a lot of female leaders and role models."
"It is a supportive workplace for women, however it is critical that you take ownership of your career and seek out opportunities."
"I think its a good company although compensation relative to peers may not be great. Schwab does not strive to overpay and it shows in the recruiting. They do care about people."
"Schwab offers a really fantastic women's network and support system! I feel like not only do the women do a great job supporting each other, but many of the men do as well."
"Benefits and pay are good. Flexibility is limited. There are very few female leaders -- For example, only 25% of Walt Bettinger's (the CEO) leaders are female. Our group has 20% women (1 of 5) and the next level up is 100% men -- not a single woman (beside his admin). "
"The culture is very much high-school. You have to be in "close circle" to even do your regular job effectively. I understand that no matter where you go, you have to build relationships and be some sort of circles to succeed. However, this is the worst I have ever seen. There are companies out there that meritocracy can win. "
"This is a good organization for. The CEO is a family man and very humble. Employees and their opinion are important. They don't pay competitively. Also across the organization there are a lot of inefficiencies and reactive strategies. "
"Schwab tries its best to promote equality, but fails with its "troops on the ground". Management tends to forget about the opportunites for all and instead focuses on the promotion for one. Its very backwards. Hard work is not rewarded daily, but instead, done for everyone. "
"Better environment than many for women, but still room for improvement."
"Do your research before committing to join this company. Know that the expectations they tell you at your interview may not be what you find once you are part of the organization."
"It's a great place to work, whether you're starting your career or are in mid-career. They just improved their paternity leave policy this year and it seems that every year they make improvements, based on what employees want. Yes, they actually listen to employees! For example, I had mentioned in various surveys that I wished Schwab would contribute more to our HSAs and they listened."
"Charles Schwab is inclusive and a great place to work and grow."
"Great place to work but you must still advocate for yourself."
"There are a lot of male executives and not enough women mentors. They need to allow for more flex time. "
"Being a part of the Schwab Family has been one of my best decisions, personally and professionally. In an industry where women haven't always been welcomed, its incredible to work for a firm that has firm values and beliefs that shine through each day. This is an organization that celebrates the unique strengths that we all have to offer. There are continuous opportunities to learn and grow and I know that my opinion is valued. Most importantly, Schwab is intentional about ensuring that we have diverse talent but also that we retain that talent. We have Employee Resource Groups that foster the engagement and development of our entire staff and highlights the incredible backgrounds and experiences that we all bring to this incredible place we call Charles Schwab. Come Join Us!"
"I would tell anyone that Schwab is a great place to work."
Anonymous shared this review of Charles Schwab on Jan 18th, 2018
"it's a great place to work, this is the best leadership time I've ever worked for"
Anonymous shared this review of Charles Schwab on Jan 5th, 2018
"Your boss matters here. The form has a great culture but your growth is highly dependent on a supportive supervisor"
Anonymous shared this review of Charles Schwab on Sep 27th, 2017
"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."
Anonymous shared this review of Charles Schwab on Aug 12th, 2017
"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. "
Anonymous shared this review of Charles Schwab on Jul 22nd, 2017
"They genuinely care about equality and have an inclusive culture. "
Anonymous shared this review of Charles Schwab on Jun 22nd, 2017
"Schwab is a great company to work for. However you definitely need to push to get ahead. Thx "
Anonymous shared this review of Charles Schwab on May 4th, 2017
"As of 2017, Schwab added a paid leave policy. Schedule flexibility varies by department. "
Anonymous shared this review of Charles Schwab on Apr 7th, 2017
"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."
Anonymous shared this review of Charles Schwab on Mar 27th, 2017
"There are more gender inequality struggles among financial advisors than among office roles like mine."
Anonymous shared this review of Charles Schwab on Feb 27th, 2017
"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."
Anonymous shared this review of Charles Schwab on Feb 14th, 2017
"Overall great place to work but depends on department and manager."
Anonymous shared this review of Charles Schwab on Sep 8th, 2016
"Great work life balance, but very poor maternity leave"
Anonymous shared this review of Charles Schwab on Jun 1st, 2016
"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..."
Anonymous shared this review of Charles Schwab on May 5th, 2016
"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."
Anonymous shared this review of Charles Schwab on Apr 3rd, 2016
"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."
Anonymous shared this review of Charles Schwab on Mar 31st, 2016
"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."