Thread regarding Charles Schwab Corp. layoffs

Salary

While I have you guys here, wondering how much people make depending on your level? Sr. Specialist vs manager vs senior manager vs director?

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| 8097 views | | 61 replies (last August 27, 2023) | Reply
Post ID: @OP+1nUyA5bm

61 replies (most recent on top)

Associate - 93k + 10% ABO

I'll leave my area up to everyones imagination.

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Post ID: @1cgh+1nUyA5bm

@1pan+1nUyA5bm

You need to take ownership of your career. 15 years and still on $85k means you’re either not performing, or you’re not asking enough. You need to speak up or go somewhere else.

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Post ID: @1lzg+1nUyA5bm

@1czm+1nUyA5bm

Not the MD in question, but

  1. Why is that absurd?
  1. That’s quite low for an MD.
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Post ID: @1ubj+1nUyA5bm

@1dlu+1nUyA5bm Needs to go lol absurd

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Post ID: @1czm+1nUyA5bm

@1frr+1nUyA5bm

This isn’t just Schwab, this is true of anywhere. You make the big leaps in comp by moving around.

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Post ID: @1sar+1nUyA5bm

Digital Services - Senior Mgr 58, $130K base 15% bonus, Austin

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Post ID: @1lch+1nUyA5bm

Wow! No wonder managers (even lower level) have targets on their backs for the layoff. Those are higher salaries than I thought for those levels.

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Post ID: @1wnt+1nUyA5bm

I agree with the number of years comment. I have been at Schwab for years and make less than everyone on my team. Schwab has always messed with the older folks.

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Post ID: @1frr+1nUyA5bm

Senior Team Mgr 59, austin, $167K, 15% bonus

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Post ID: @1btm+1nUyA5bm

St Mgr PL: $195,000, 15% bonus

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Post ID: @1kcn+1nUyA5bm

Lesson here is, it sounds great to be a MD :). $500K potential.

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Post ID: @1ikf+1nUyA5bm

57 - 125

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Post ID: @1fpj+1nUyA5bm

I am sad. 15+yrs, mgr, not PL, 85k + bonuses.
After all these years my raises never out performed the increases in benefits. Net pay has been about the same for 10 years.

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Post ID: @1pan+1nUyA5bm

"Sr Manager" non-PL - Level 58 - Westlake - 130k + 15%
20 years of experience in my field - not specifically the financial sector

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Post ID: @1xgh+1nUyA5bm

Managing Director w/15+ years. $335k base + $160k variable (bonus + stock)

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Post ID: @1dlu+1nUyA5bm

STS Sr manager (58,not PL) $180 base in Austin , 5+ years here

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Post ID: @1dcb+1nUyA5bm

Director; 13 years at Schwab. 220k salary + 25% bonus

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Post ID: @1zcv+1nUyA5bm

Manager, non senior. 15 YoE

160+15bonus

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Post ID: @1hxb+1nUyA5bm

Sr Manager, hired 5 years ago… mostly tech. $155K base, 20% bonus (because I came from TDA). I have 15 years experience total.

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Post ID: @1tlf+1nUyA5bm

Senior specialist on pinnacle two years here at Schwab in Westlake office total comp is 71

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Post ID: @1hof+1nUyA5bm

You can’t compare by titles alone because salaries differ in job function and orgs and geography. Longterm employees are paid less than newer employees who were hired when the job market was hot during the pandemic

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Post ID: @bvu+1nUyA5bm

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