Pros
- Culture of collaboration - Great lateral opportunities to move/gain experience in different spaces across the company - Good work/life balance (if you've learned to draw your own healthy boundaries) - 1 month paid Sabbatical every 5 years - Great place to learn about the financial industry
Cons
- Heavily bureaucratic and hierarchical (workplace politics and "who you know" play a BIG role) - Decisions consistently prioritize shareholders over employees (employees feel 15th+ on the priority list). Feedback is encouraged, but then responded to with lip service/heavily manicured surface-level statements - Touts "challenger" and "disruptor" mentality, but in reality, that's quite rare - Schwab is very conservative and most innovation dies on the vine - Run by middle-aged white, male boomers surrounded by yes-men, and it shows in the top-down culture. - Current CEO, Walt Bettinger makes 210x the median employee pay ($24.4M vs. $116k respectively). No confidence in the "heir apparent" CEO, Rick Wurster ($10.7M). - Forced return to office 3x/week. Full-remote decisions are reviewed/rescinded every 6 months. Overly complicated rules with fear-based motivations.