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The Culture At Charles Schwab

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We believe that our values have helped us to build both a successful business model and an outstanding work environment.
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Strong interest and passion for digital technology, financial services, and serving clients with passion and integrity.

Working At Charles Schwab

Charles Schwab provides a platform for people to achieve better financial outcomes. With the idea of putting the client first, Charles Schwab offers a contemporary, full-service approach to helping investors build and manage their investments. The company provides investment-related products, services, and sophisticated financial planning, which combines the best of what people and technology have to offer.

When Charles Schwab came into existence 45 years ago, the company committed to investors. Even today, that commitment continues. The company believes that its success stems from when they're able to get investing right for the clients. That way, they're able to achieve their goals and be in control of their financial future. While lots of companies may say they put the client first, Charles Schwab works hard to keep the clients' best interest at the heart of everything they do.

As a result, the company was once again selected as one of FORTUNE's Top 50 World's Most Admired Companies for this year. But above all, the company knows it would not be where it is today without the help of its employees. By being recognized for this award, the company then recognized its employees for their hard work.

Diving Into the Values at Charles Schwab

The purpose at Charles Schwab is to help clients reach their goals through passion and integrity. This allows people from all levels of income and every stage of life to have the option of investing for their future. At Charles Schwab, they believe investing for the future is one of the most important things people can do for themselves and their families. That's why they take their values so seriously.

  • Earning clients' trust by treating them in an ethical, empathetic and proactive way.
  • Constantly improving the client experience through innovation that benefits clients.
  • Respecting fellow employees and reinforcing the power of teamwork.
  • Being good stewards of the Charles Schwab brand and stockholder value.
  • These values aren't just decoration for the office. The people at Charles Schwab identify with the values and carry them out every day. "Schwab is a great place for people to work who don't have a traditional financial services background, who are returning to work after maybe starting a family or even veterans because we have a tremendously supportive environment," said Amy Reback, Vice President and Regional Market Executive. "We are a company made of real people and we will train you to know as long as you have a passion for what we do and a passion for serving clients we can train the rest."

    The Culture at Charles Schwab

    Stepping Into the Client's Shoes

    The culture that has been implemented at Charles Schwab is one that really tries to understand the client's perspective. They call it "Seeing through the clients' eyes." This philosophy is based on the fact that the company believes in providing quality service, not sales. It's what drives the company's innovation and growth.

    Employees say that this means to put yourself in their shoes. To literally take off your boots and put on someone else's loafers. Others say it directly correlates with the golden rule. This culture drives employees to really think about every action they take. They stop to really take into account if they would appreciate that decision or idea if roles were reversed.

    The culture of service is also based on everyone working together as one team and seeking out challenges. The culture is what separates Schwab from the competition and makes it such a great place to work. "I chose Schwab because they supported me right away in getting licensed. I was really looking for growth and opportunity, a place where I could build a career. I've now been here for 12 years," said Taeshima White, Managing Director.

    The Benefits at Charles Schwab

    Financial Advice on the Company's Dime

    Since its inception, management at Charles Schwab has been building a business with a purpose to help clients with their financial futures. But the same goes for the employees who work there. By investing in the employees, the company strives to help employees stay healthy while providing complimentary financial advice. That advice is specific to:

  • Retirement planning
  • Investment advice
  • Debt management
  • Education planning
  • Estate planning
  • Budgeting
  • But as stated above, your financial health isn't the only thing the company promises to improve. With the Schwab's Everyday Wellness program, employees receive opportunities to become more aware of their health. The company believes that when employees are the best versions of themselves, they're better at work, home and in the community. Through this program, you're also able to earn up to $550 in Wellness Rewards.

    The company is also focused on helping you grow, whether that means professionally or personally. Through the education reimbursement, you're encouraged to pursue business-related education and training, and then you'll be reimbursed for any expenses you accrue. Additionally, Charles Schwab offers mentoring and job shadowing opportunities for employees. Through this program, you'll have access to on-the-job training and support.

    The Internship at Charles Schwab

    Getting Your Start

    The Schwab Intern Academy provides juniors, rising seniors, and graduate students the opportunity to experience Schwab's culture of service while challenging them with a structured blend of learning programs, team-building activities, networking opportunities, and enriching work projects.

    The 9-week program provides a platform for interns to work on actual business projects while receiving business-specific experiences. The interns are split into their own cohort groups that help them learn about Schwab's purpose, brand and the focus on client advocacy and community service. Through these groups they can work on individual strengths, learn how to invest their money wisely and develop a career plan. Many of the interns at Charles Schwab receive an official offer for a full-time position at the end of the internship.

    "I chose Schwab because of the friendly and collaborative work environment that I saw here as an intern," said Allison Healy, software development engineer. "I knew that Schwab was the right place for me to start my career."

    The Organization’s Mission

    To champion every client's goals with passion and integrity.

    Perks of Working at Charles Schwab

    The company provides health insurance, wellness programs, 401k plan, paid vacations, employee assistance program, gym membership, employee trainings, and much more.

    Industry

    Financial Services

    Revenue

    $11.7B

    Employees

    32,000

    Founded in

    1971

    Headquarters

    San Francisco, CA

    Website

    jobs.schwabjobs.com

    Organization Type

    Public

    Is This Your Company?

    Charles Schwab Employee Reviews

    Zippia Official Logo

    1.0

    Zippia UserJuly 2021

    1.0

    Zippia Official LogoZippia UserJuly 2021

    What Do You Like About Working There?

    The flexibility right now with remote at the moment

    What DON'T You Like About Working There?

    The fear culture and how leadership treats their teams, they are stuck in management 1.0 and hire people who have no idea what value good Agile could bring.

    What Are Your Favorite Benefits/Perks?

    401k
    Zippia Official Logo

    5.0

    Zippia UserMay 2021

    5.0

    Zippia Official LogoZippia UserMay 2021

    What Do You Like About Working There?

    Schedule Flexibility, Management Support, bonuses

    What DON'T You Like About Working There?

    Rigid, regulated industry, no creativity allowed

    What Are Your Favorite Benefits/Perks?

    Schedule, work four 10 hour days for 3 days off
    Zippia Official Logo

    3.0

    Zippia UserFebruary 2021

    3.0

    Zippia Official LogoZippia UserFebruary 2021

    What Do You Like About Working There?

    Benefits, work environments, working from home, interesting assignments

    What DON'T You Like About Working There?

    I dont have any negative to say about my present employer.

    What Are Your Favorite Benefits/Perks?

    Sabbatical, medical insurance, health savings account, vacation, work life balance
    Zippia Official Logo

    5.0

    Zippia UserOctober 2020

    5.0

    Zippia Official LogoZippia UserOctober 2020

    What Do You Like About Working There?

    The duties that I do in my role.

    What DON'T You Like About Working There?

    Not enough OT for my department.

    What Are Your Favorite Benefits/Perks?

    Charles Schwab gives bonuses out to employees for good job on efficiency and making sure you are at work and working hard for there company.
    Zippia Official Logo

    4.0

    Zippia UserOctober 2020

    4.0

    Zippia Official LogoZippia UserOctober 2020

    What Do You Like About Working There?

    The Projects

    What DON'T You Like About Working There?

    The harshness that the PMO office managers had on people

    What Are Your Favorite Benefits/Perks?

    Great learning tools on their internal websites
    Anonymous review of Charles Schwab

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    What do you like about working for Charles Schwab?

    The Team At Charles Schwab

    Key People

    Walter W. Bettinger II

    Charles R. Schwab

    The Inside Scoop
    Charles Schwab is an investment services firm that provides a full range of brokerage, banking and financial advisory services through its operating subsidiaries. Charles Schwab & Co., Inc. was founded in 1971 and is based in San Francisco, California. The company has more total assets than any publicly traded investment services firm in the US and is a leader in asset management and retirement planning. About 18,700 employees work at Charles Schwab.
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    Charles Schwab Company Rankings

    Charles Schwab is ranked #59 on the Best Finance Companies to Work For in America list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

    Read more about how we rank companies.

    Charles Schwab Salaries

    9.6
    Salary Score
    The national average salary for a Charles Schwab employee in the United States is $94,486 per year. Employees in the top 10 percent can make over $156,000 per year, while employees at the bottom 10 percent earn less than $57,000 per year.
    Average Charles Schwab Salary
    $94,486 yearly
    $45.43 hourly
    Updated July 11, 2022
    $57,000
    10 %
    $94,000
    Median
    $156,000
    90 %
    Average Employee Earnings

    Highest Paying Jobs At Charles Schwab

    Rank  Job Title  Avg. Salary  Hourly Rate  
    1Managing Director$214,997$103
    2Finance Vice President$187,148$90
    3Team Manager$124,810$60
    4Senior Software Engineer$121,789$59
    5Lead Technician$121,521$58
    6Salesforce Developer$119,838$58
    7Senior Software Application Engineer$118,878$57
    8SQL Database Administrator$118,395$57
    9Team Leader$117,644$57
    10Solutions Architect$117,238$56
    11Project Manager$114,075$55
    12Quality Assurance Lead$103,947$50
    13Systems Administrator$99,026$48
    14Investment Advisor$98,505$47
    15Web Developer$97,897$47
    16Business Analyst$96,273$46
    17Client Service Specialist$88,653$43
    18Executive Assistant$87,852$42
    19Investment Consultant$85,735$41
    20Risk Analyst$84,230$41

    Charles Schwab Demographics Summary

    9.7
    Diversity Score
    We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

    Charles Schwab Gender Distribution

    Male
    Male
    63%
    Female
    Female
    37%

    Research Summary. Using a database of 30 million profiles, Zippia estimates demographics and statistics for Charles Schwab. Our estimates are verified against BLS, Census, and current job openings data for accuracy. After extensive research and analysis, Zippia's data science team found that:

    • Charles Schwab has 32,000 employees.

    • 37% of Charles Schwab employees are women, while 63% are men.

    • The most common ethnicity at Charles Schwab is White (57%), followed by Hispanic or Latino (17%) and Asian (13%).

    • Charles Schwab employees are most likely to be members of the democratic party.

    • On average, employees at Charles Schwab stay with the company for 5.0 years.

    • The average employee at Charles Schwab makes $94,486 per year.

    Biggest Charles Schwab Locations

    Rank  City  Job Count  
    1Austin, TX357
    2Phoenix, AZ94
    3Chicago, IL46
    4San Francisco, CA45
    5Indianapolis, IN28
    6New York, NY24
    7Houston, TX4
    8Jacksonville, FL4
    9Los Angeles, CA3
    10Fort Worth, TX3

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    Help us make this company more transparent.

    Charles Schwab Employee Political Affiliation

    Charles Schwab employees are most likely to be members of the Democratic Party. The largest donation made to a political party by a Charles Schwab employee was by Charles Schwab. Charles Schwab donated $5,731,900 to the Republican Party.

    Parties

    Democratic Party

    77.0 %
    -

    Republican Party

    22.3 %
    -

    Green Party

    0.3 %
    -

    Other

    0.3 %
    -

    Employee Political Donations

    Name  Job Title  Party  Donation  
    Charles SchwabChairpersonRepublican Party$5,731,900
    Walter BettingerChief Executive OfficerRepublican Party$61,600
    Carrie PomerantzChairperson, Board Of DirectorsDemocratic Party$42,400
    Walt BettingerPresident/Chief Executive OfficerRepublican Party$30,400
    Carolyn PomerantzPresidentDemocratic Party$21,400
    Chloe SunFinance ProfessionalRepublican Party$19,000
    Carrie Schwab PomerantzPresidentDemocratic Party$13,300
    Pamela BrewsterVice PresidentRepublican Party$12,900
    Steve RothschingProduct ManagerDemocratic Party$9,600
    Robert RosenkranzChairpersonRepublican Party$7,800
    Show More

    Charles Schwab Employment Videos

    Charles Schwab Financial Performance

    9.9
    Performance Score
    We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

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    Charles Schwab Competitors

    Competitors of Charles Schwab include Morgan Stanley, BlackRock, and Goldman Sachs. Employees at Morgan Stanley earn more than most of the competition, with an average yearly salary of $117,587. The employees at BlackRock earn an average yearly salary of $108,975 per year, and the salaries at Goldman Sachs average $107,043 per year.
    Companydesc
    Average Salarydesc
    Morgan Stanley
    Salary Range88k - 155k$118k$117,587
    BlackRock
    Salary Range81k - 145k$109k$108,975
    Goldman Sachs
    Salary Range81k - 140k$107k$107,043
    BNY Mellon
    Salary Range69k - 123k$93k$92,556
    State Street
    Salary Range68k - 117k$90k$89,689
    American Express
    Salary Range62k - 113k$84k$83,823
    The Vanguard Group
    Salary Range66k - 104k$83k$82,924
    Citi
    Salary Range56k - 118k$82k$81,932
    Voya Financial
    Salary Range60k - 108k$81k$81,267
    T. Rowe Price
    Salary Range62k - 102k$80k$80,214
    $33k
    $155k

    Frequently Asked Questions about Charles Schwab

    When was Charles Schwab founded?

    Charles Schwab was founded in 1971.

    How many Employees does Charles Schwab have?

    Charles Schwab has 32,000 employees.

    How much money does Charles Schwab make?

    Charles Schwab generates $11.7B in revenue.

    What industry is Charles Schwab in?

    Charles Schwab is in the financial services industry.

    What is Charles Schwab's mission?

    Charles Schwab's mission statement is "To champion every client's goals with passion and integrity."

    What type of company is Charles Schwab?

    Charles Schwab is a public company.

    Who are Charles Schwab's competitors?

    Charles Schwab competitors include Morgan Stanley, Citi, T. Rowe Price, Legg Mason, The Vanguard Group, Prudential Retirement Insurance And Annuity Co On Behalf Of Its Separate Account Ssa-4642 Fire, BlackRock, MassMutual, American Express, Prudential Financial, State Street, BNY Mellon, Voya Financial, Ameriprise Financial, The PNC Financial Services Group, Principal Financial Group, Goldman Sachs, Lincoln Financial Group, MetLife.

    Who works at Charles Schwab?

    Walter W. Bettinger II (CEO / President)

    Charles R. Schwab (Chairman)

    Are You An Executive, HR Leader, Or Brand Manager At Charles Schwab?

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    Charles Schwab FAQs

    Does Charles Schwab drug test?

    Yes, Charles Schwab drug tests. The drug screenings are part of various background checks conducted prior to you being offered a position with the company.

    Schwab uses an outside clinic to test all applicants prior to being offered a position. The test used is a urine test, and as the drug screening is one of the last steps prior to employment, you will typically be informed of the results within a week.

    Does Charles Schwab hire felons?

    No, Charles Schwab does not hire individuals with felony convictions. The company conducts a thorough background check on prospective employees. Various areas of your past are covered, including your educational history, employment history, financial history, and evidence of any criminal activities.

    How do you answer: "Why are you interested in working for Charles Schwab?"

    Responding to "Why you are interested in working for Charles Schwab?" should focus on both the company's attributes and your unique experiences and qualifications.

    Charles Schwab is consistently recognized within the securities and asset management category as one of the 50 most admired companies in the Fortune 500. A great deal of this admiration is attributable to the culture that the company has managed to create.

    How do you write a cover letter for a job at Charles Schwab?

    Writing a cover letter for Charles Schwab should acknowledge both the company's accomplishments and the qualities that make it attractive to potential employees and your relevant work experience.

    How old do you have to be to work at Charles Schwab?

    You have to be at least 18 years old to work at Charles Schwab. Nearly all of the company's positions require skills and training commensurate with older applicants.

    While the minimum age to work at the company is 18, nearly 100% of Schwab employees are older. The youngest employees with the company are members of their intern programs. These employees cannot apply for a position until they have completed their Junior year of college.

    What benefits does Charles Schwab offer?

    The company offers very competitive base salaries and offers most employees the opportunity to enhance their salary through bonuses and an extensive benefits package.

    The average compensation at Schwab is approximately $157,000 per year, with 100% of employees acknowledging receiving annual bonuses. Job-specific incentives are also awarded to employees who go beyond the scope of their assigned duties to improve the lives of their clients.

    What is the dress code at Charles Schwab?

    The dress code at Charles Schwab is business casual. Employees have cited no additional restrictions.

    Employees of the company cite no restrictions regarding hair color or tattoos for their employees. There is nothing in the company's literature regarding employee conduct or employee training and onboarding that places additional restrictions on the business casual dress code.

    What is the hiring process at Charles Schwab?

    The hiring process with Charles Schwab involves a series of phone and in-person interviews and typically takes between two to four months to complete.

    Schwab is a desired employer to begin or advance your career, and therefore, there is a great deal of competition for openings within the company. Most candidates begin with an online application.

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    Zippia gives an in-depth look into the details of Charles Schwab, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Charles Schwab. The employee data is based on information from people who have self-reported their past or current employments at Charles Schwab. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Charles Schwab. The data presented on this page does not represent the view of Charles Schwab and its employees or that of Zippia.

    Charles Schwab may also be known as or be related to Charles Schwab, Charles Schwab Corporation, Schwab, The Charles Schwab Corp. and The Charles Schwab Corporation.