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Charles Schwab

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Charles Schwab

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Charles Schwab FAQ

Have questions about working at Charles Schwab? Read answers to frequently asked questions to help you make a choice before applying to a job or accepting a job offer.

Whether it's about compensation and benefits, culture and diversity, or you're curious to know more about the work environment, find out from employees what it's like to work at Charles Schwab.

All answers shown come directly from Charles Schwab Reviews and are not edited or altered.

64 English questions out of 64

25 May 2021

Does Charles Schwab offer relocation assistance?

Pros

Non-exempt/get paid overtime, great benefits package, incredible company culture. Schwab really means it when they say they want to see through the eyes of the client and do best by them. A diverse company with many opportunities and people to help you grow.

Cons

Breaks and lunches are scheduled, the constant feedback can be great but can also be overwhelming and a feeling of being micromanaged.

exempt/get paid overtime, great benefits package, incredible company culture.

25 May 2021

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4 November 2021

Does Charles Schwab offer massages?

Pros

Good pay Good work life balance Good management

Cons

Constant organizational change Lots of regulations and red tape Not a lot of perks (travel, free food, amenities)

Not a lot of perks (travel, free food, amenities)

4 November 2021

See answer

10 May 2021

Does Charles Schwab have a sabbatical or career break policy?

Pros

Good pay, good benefits, paid sabbatical after 5 years, good work/life balance and generally laid back work culture on the tech side. Great campus, but is also offering expanded work from home post-COVID

Cons

Upper Management is bloated and often times ineffective, seemingly at odds with each other at times. Will go through layoffs fairly often, and they seem to always layoff some of the best team members when they do, while toxic ones linger or worse, climb the ladder. The company is also constantly waffling on how much development they want to be offshore, and often times the agile team structure breaks down due to missing support or a team that is simply too large.

Advice to Management

Downsize management, focus more resources into building effective development teams rather than just throwing more developers at projects.

Good pay, good benefits, paid sabbatical after 5 years, good work/life balance and generally laid back work culture on the tech side.

10 May 2021

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14 September 2020

Does Charles Schwab offer dental insurance?

Pros

Company has great teamwork and very good people. But they don't stay there long enough

Cons

Poor PTO and sick time, bad medical coverage

Poor PTO and sick time, bad medical coverage

14 September 2020

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12 March 2021

Does Charles Schwab offer parental leave?

Pros

-It's a great brand and the company operates with its clients' best interest in mind. Schwab has been a positive force for retail investors since its inception. There's a lot of pride involved with that, and low-level employees all the way up to Chuck himself really do care about doing what's right for clients. -Interesting projects to work on, depending on where you land -Most managers are very engaged and encouraging when it comes to career development -The vast majority of people at Schwab are extremely nice, down to earth, and helpful people -Competitive benefits, including 6 weeks parental leave for mothers and fathers -Since covid, there seems to be a very positive shift in the outlook for ongoing remote work opportunities

Cons

-Given the size of the firm and reluctance to take on risk, the company tends to move extremely slowly when it comes to enacting change. -Difficult to get anything done without executive buy-in and project funding -The company takes risk-aversion to another level, which makes it difficult to get things done -Working in silos tends to be the norm -In a zero-commission, zero interest rate environment, the company is extremely focused on expense management. Job security isn't what it once was. -Very focused on managing quarterly earnings. Expense freezes pre-covid were commonplace (hiring freezes, travel freezes, etc.) -The company is oftentimes penny-wise but pound-foolish

Advice to Management

Figure out a way to better remove silos without putting more meetings on our calendars.

Competitive benefits, including 6 weeks parental leave for mothers and fathers

12 March 2021

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64 English questions out of 64

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