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Charles Schwab: A Culture Focused on Financial Futures

Zippia Score 4.8

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.

Working At Charles Schwab

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.

    Working At Charles Schwab

    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.

    Working At Charles Schwab

    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."

    Working At Charles Schwab

    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

    Professional Services

    Revenue

    $8.6B

    Employees

    19,169

    Founded in

    1971 ; 47 years ago ( 1971 ) (as Charles Schwab & Co., Inc. )

    Headquarters

    San Francisco, CA

    Website

    www.aboutschwab.com

    Website

    www.aboutschwab.com

    Organization Type

    Private

    Is This Your Company?

    The team at Charles Schwab

    Key People
    • Charles Schwab (Chairman of the Board)
    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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    What do people say about Charles Schwab

    4.0

    Zippia Official LogoZippia UserDecember 2019

    What Do You Like About Working There?

    Great work life balance, smart coworkers, great company ethics. Show More

    4.0

    Zippia Official LogoZippia UserOctober 2019

    What Do You Like About Working There?

    Great culture. Show More

    3.0

    Zippia Official LogoZippia UserOctober 2019

    What Do You Like About Working There?

    Competitive strength in its industry Show More

    4.0

    Zippia Official LogoZippia UserOctober 2019

    What Do You Like About Working There?

    The culture Show More

    2.0

    Zippia Official LogoZippia UserOctober 2019

    What Do You Like About Working There?

    The company has a great culture. I have never been surrounded by such talented and kind people. Show More
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    Charles Schwab Rankings

    Charles Schwab is ranked #86 on the Best Professional 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

    How much does Charles Schwab pay?
    The national average salary for a Charles Schwab employee in the United States is $96,823 per year. Employees in the top 10 percent can make over $160,000 per year, while employees at the bottom 10 percent earn less than $58,000 per year.
    9.3
    Salary Score
    Average Employee Earnings

    Charles Schwab Salaries By Job Title

    While Charles Schwab employees earn an average yearly salary of $96,823, different roles can command different wages. Some of the job titles with high salaries at Charles Schwab are Managing Director, Finance Vice President, Team Manager, and Senior Software Application Engineer. A worker with the title Managing Director salary at Charles Schwab can earn an average yearly salary of $175,492. Other roles at Charles Schwab include Service Representative and Client Service Specialist. A Service Representative at Charles Schwab earns an average yearly salary of $37,099.

    Charles Schwab careers

    On average, employees at Charles Schwab stay with the company for 3.8 years. Employees most commonly join Charles Schwab after leaving Wells Fargo. When they leave Charles Schwab, they most frequently get their next job at Wells Fargo.

    Average Length of Employment

    Charles Schwab

    3.8 years
    Goldman Sachs3.5 years
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    Charles Schwab Financial Performance

    9.8
    Performance Score
    We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

    Revenue

    > $1B

    Founded in

    1971 ; 47 years ago ( 1971 ) (as Charles Schwab & Co., Inc. )

    Organization type

    Private

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    Charles Schwab Competitors

    Some of the competitors of Charles Schwab are Microsoft Corporation, Symantec, and Morgan Stanley. Employees at Microsoft Corporation earn more than most of the competition, with an average yearly salary of $134,996. The employees at Symantec earn an average yearly salary of $110,796 per year, and the salaries at Morgan Stanley average $106,875 per year.

    Frequently Asked Questions about Charles Schwab

    When was Charles Schwab founded?

    Charles Schwab was founded in 1971 ; 47 years ago ( 1971 ) (as Charles Schwab & Co., Inc. ).

    How many Employees does Charles Schwab have?

    Charles Schwab has 19,169 employees.

    How much money does Charles Schwab make?

    Charles Schwab generates $8.6B in revenue.

    What industry is Charles Schwab in?

    Charles Schwab is in the professional 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 private company.

    Who are Charles Schwab's competitors?

    Charles Schwab competitors include Morgan Stanley, JPMorgan Chase, Goldman Sachs, Wells Fargo, Ameriprise Financial, BlackRock, The Bank of New York Mellon, American Express, Prudential Financial, State Street Corporation, TD Ameritrade, Cigna, Fiserv, The Guardian Life Insurance Company of America, The Hartford, Aetna, First Data, Microsoft Corporation, Raymond James, Symantec.

    Who works at Charles Schwab?

    Charles Schwab (Chairman of the Board)

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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. 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. The data presented on this page does not represent the view of Charles Schwab and its employees or that of Zippia.