I decided to interview with Schwab after a good friend of mine moved to Austin and I considered the possibility of living in the same area. I also wanted to experience a new corporate environment. I had 1 initial phone screening, 3 technical interviews, and 1 managerial interview. I progressed through each round with lots of confidence. I was able to answer every question with accuracy and depth in addition to asking some questions of my own in return. My interviews went really well. In fact, some lasted less than the allotted time because I gave the right answers to the satisfaction of the interviewers. While the general interview process was positive, unfortunately the result I got was exceptionally disappointing. It took the recruiter 1 week to get back to me with a final answer, and that really happened after I asked for an update. I was told that the feedback she got from different teams was positive, but they will make me an offer within the next 6 months if they could find a team for me. She said that the offer would be made without me having to go through another interview process. From my experience, this was very frustrating to hear. Either it was a politically correct way of rejecting a candidate or the rec wasn’t even open to begin with and I was put in a pool of potential future hires. There is also the possibility that another person (who either did better or was willing to accept a smaller compensation package) was given the job. If I don’t hear back from them within the next 2 weeks, I will treat this as a no go and move on to talk to other companies. I would say that the interview process at Schwab needs a lot of work as they need to be more forthcoming with their plans instead of dilly dallying around maybes. If you have time constraints and you need a job asap, don’t consider Schwab.