Charles Schwab Salaries

1 total salary submissions
Avg. Hours Worked (2%)

The average hours worked chart shows the distribution of average hours worked per week generated based on the Compensation data at this company.

The number you see in the middle of the doughnut pie chart is the adjusted average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each workload given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few interview insights). Simply put, as a company gets more data points, the confidence of a "true measure" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

27.9
  • 10-20 Hrs
  • 20-30 Hrs
  • 30-40 Hrs
  • 40-50 Hrs
  • 50-60 Hrs
  • 60-70 Hrs
  • 70-80 Hrs
  • 80-90 Hrs
  • Over 90 Hrs
Relative Compensation (80%)

The Relative Compensation is a score from 1 star (very bad) to 5 stars (excellent) generated based on the Company Reviews of current and former employees at this company based on relative pay.

The number you see in the middle of the donut pie chart is the simple average of these scores. If you hover over the various sections of the donut, you will see the % breakdown of each score given.

The percentile score in the title is calculated across the entire Company Database and uses an adjusted score based on Bayesian Estimates (to account for companies that have few reviews). Simply put, as a company gets more reviews, the confidence of a "true score" increases so it is pulled closer to its simple average and away from the average of the entire dataset.

2.8
  • 1 Star
  • 2 Stars
  • 3 Stars
  • 4 Stars
  • 5 Stars

Average Charles Schwab Salary

3.3
Total Median Pay
$130,000
Median Base Pay
$110,000
Median Bonus Pay
$20,000

How much does Charles Schwab pay?

Base range:
$110,000 - $110,000

For this salary and bonus range, Low is the 10th Percentile and High is the 90th Percentile. These ranges are from employer specific salaries submitted by WSO members.

Bonus range:
$20,000 - $20,000

Charles Schwab pays an average salary of $110,000 per year. This base compensation is the equivalent of $55 per hour assuming a 40 hour work week (2,000 hours per year). The actual average hours worked per week at Charles Schwab based on our data is actually 28 hours, which would bring down the true effective hourly rate to $82 on average. If you include the average bonus of $20,000, then the total average pay at Charles Schwab would be $130,000 per year or $97 per hour at the 28 hour work week.

There's a wide range between what the company pays the top 20 percent and the bottom 20 percent of earners. This is largely dependent on seniority and location. Charles Schwab pays the highest-paid employees over $130,000 a year, while the lowest-paid employees are paid less than $40,000. Charles Schwab employees in different groups or divisions tend to have different salaries as well.For example, employees in the Na sector earn an average yearly salary of $100,000.While employees in the Brokerage sector earn an average yearly salary of $41,500.

Charles Schwab Salaries

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Highest Paying Jobs at Charles Schwab

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Year 2016
Job Title
Group/Division Asset Management
Location Austin
Pay Rate/Type
Bonus
1st Year Analyst
Year 2020
Job Title 1st Year Analyst
Group/Division Investment Banking
Location Indianapolis
Pay Rate/Type
Bonus
Managing Director
Year 2008
Job Title Managing Director
Group/Division Information Technology (IT)
Location San Francisco
Pay Rate/Type
Bonus
Senior Consultant
Year 2021
Job Title Senior Consultant
Group/Division Management Consulting
Location San Francisco
Pay Rate/Type
Bonus
Trader
Year 2018
Job Title Trader
Group/Division N/A
Location Denver
Pay Rate/Type
Bonus
Manager
Year 2018
Job Title Manager
Group/Division Debt Capital Markets
Location Denver
Pay Rate/Type
Bonus
Assistant Portfolio Manager
Year 2021
Job Title Assistant Portfolio Manager
Group/Division Investments
Location Orlando
Pay Rate/Type
Bonus
Senior Consultant
Year 2014
Job Title Senior Consultant
Group/Division Management Consulting
Location San Francisco
Pay Rate/Type
Bonus
3rd+ Year Analyst
Year 2023
Job Title 3rd+ Year Analyst
Group/Division N/A
Location Iowa City
Pay Rate/Type
Bonus
Financial Advisor
Year 2021
Job Title Financial Advisor
Group/Division Private Banking
Location dallas
Pay Rate/Type
Bonus

Charles Schwab Salaries by Department

Salaries at Charles Schwab depend on the group, division, department or function. Employees who work in the Na group tend to get paid the most at at Charles Schwab, earning an average yearly salary of $100,000. Employees in the Generalist receive relatively high salaries as well, where wages average $45,000 per year. A division that does not pay as well at Charles Schwab includes the Brokerage group, with employees earning $41,500 on average.

Rank
Department
Average Pay
Average Hourly Pay
Na
Rank 1
Department Na
Average Pay $100,000
Average Hourly Pay $50/hr
Generalist
Rank 2
Department Generalist
Average Pay $45,000
Average Hourly Pay $23/hr
Brokerage
Rank 3
Department Brokerage
Average Pay $41,500
Average Hourly Pay $21/hr

Recently Added Charles Schwab Salaries

Year
Job Title
Group/Division
Location
Pay Rate/Type
Bonus
Intern
Year 2023
Job Title Intern
Group/Division Corporate Finance
Location Austin
Pay Rate/Type
Bonus
3rd+ Year Analyst
Year 2023
Job Title 3rd+ Year Analyst
Group/Division N/A
Location Iowa City
Pay Rate/Type
Bonus
Intern
Year 2020
Job Title Intern
Group/Division N/A
Location Dallas
Pay Rate/Type
Bonus
Assistant Portfolio Manager
Year 2021
Job Title Assistant Portfolio Manager
Group/Division Investments
Location Orlando
Pay Rate/Type
Bonus
Intern
Year 2021
Job Title Intern
Group/Division Private Wealth Management
Location OKC
Pay Rate/Type
Bonus