It’s not entirely about the money either. You can’t buy job satisfaction and career development with a higher salary. Quite frankly, I fu----g hate this place. My day to day is a constant battle just to be productive and deliver something. There are so many bu-----t layers of architecture, compliance, audit, security, risk, and etc. that TDA didn’t have. Even if Schwab wanted to improve/change it, they couldn’t because it would have to go through the same process. It’s a feedback loop. Combine that with subpar culture, workplace technology, benefits and you’ve got a losing strategy.
Schwab peaked at the deal announcement, it’s downhill from here on out. Don’t get me wrong, it’ll still make a bunch of money. But, they are running out of competitors/talent/technology to buy and they are losing ground on high net worth clients to Fidelity and other competitors. This place needs a VBO like Fidelity had. Clear out the lifers like Tim and make room for people with fresh ideas and diverse experience from outside of Schwab. They scuttled the opportunity they had acquiring TDA.
I’d be willing to make a lateral move or even give up some of my $200K salary and Director title if it meant I could go back to being passionate about my job and the work I was doing.