The investment services company Charles Schwab announced today that it is expanding its operations in Phoenix, which could result in up to 900 new jobs over the next five years.
The company’s main Valley location is at 24th Street and Lincoln Drive. Schwab plans to hire 200 new employees by the end of the year, on top of the approximately 300 that were added last year.
“We currently have approximately 3,200 employees in Phoenix, which makes this home to the single largest population of Schwab employees in the U.S.,” said Joe Martinetto, Schwab executive vice president and chief financial officer. “Our corporate headquarters continues to be in San Francisco, but Phoenix is clearly a very important employment center for us.”
Phoenix Mayor Phil Gordan said the Charles Schwab expansion not only would add jobs, but also $22 million in capital investments.
Schwab currently is recruiting to fill client service positions with starting salaries in the $34,000 to $40,000 range.
“Our purpose as a company is to help people become financially fit — not only our clients and our employees, but the people in the communities where we live and work too,” said Bernie Clark, executive vice president of Schwab Advisor Services, and a Phoenix resident. “This partnership with the city of Phoenix is an example of that — by helping us bring this acquisition to fruition, we are in a better position to continue providing high-quality jobs and opportunities to the people who make Phoenix their home.”
Interested job seekers should visit www.aboutschwab.com/careers.