The leading financial services company currently has 400 employees at the state-of-the-art facility at 12401 Research Blvd., but anticipates beefing up that count by 600 by year's end and another 2,000 by the end of 2001. Schwab ultimately expects to house 3,500 employees in the four-building complex. Schwab is sponsoring a job fair Oct. 3 at Austin's Omni Hotel for prospective employees.

Schwab also operates investor centers in Denver, Indianapolis, Orlando and Phoenix. Each investor center employs a mix of registered representatives, technologists, operations specialists, call team members, and managers. New employees undergo a six-week training program and four months later, a five-week trades class that teaches how to place stock, mutual fund, option and bond trades.

Charles Schwab, chairman and co-CEO, says Austin's lure is the city's "entrepreneurial spirit" and skilled labor pool. The company maintains two offices in Austin and 23 others in Texas. Schwab recently opened a Latin America Center office in San Antonio. Austin also is home to Schwab's newest subsidiary, CyBerCorp, which caters to on-line investors.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.