Wachovia

  www.wachovia.com
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Wachovia Reviews

Updated Jun 24, 2014
All Employees Current Employees Only

3.1 652 reviews

56% Approve of the CEO

Wachovia Chairman and CEO John G. Stumpf

John G. Stumpf

(167 ratings)

52% of employees recommend this company to a friend

Review Highlights

Pros
  • Wachovia was very committed to work-life balance(in 39 reviews)

  • Good benefits package, great earning potential(in 52 reviews)


Cons
  • Limited cross group interaction at levels below senior management(in 31 reviews)

  • Since the merger with Wells Fargo healthcare insurance is not the best(in 11 reviews)

190 Employee Reviews Back to all reviews
Relevance Date Rating
in
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Overall good experience.

    Trust Officer (Former Employee) Wilmington, DE

    ProsGood pay and benefits compared to other trust companies in the area.

    ConsPoor middle management in the area.

    Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Meaningful

    Risk Analyst (Former Employee) Los Angeles, CA

    ProsAnalytical, Intense, Thoughtful, well paid

    ConsLess Caring, non meritocracy, clubby

    Advice to Senior ManagementDon't sell the company in distress

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Watch Over Ya

    Anonymous Employee (Former Employee) Glen Allen, VA

    ProsGreat benefits and work/life balance

    ConsManagement team is totally lost when training and employee reviews. Usually employees taught those in management positions

    Advice to Senior ManagementEveryone has been there FOREVER. There is NO opportunity for growth!! Need to sponsor employees for licenses so they can move on and make MORE money

    Yes, I would recommend this company to a friend

  1. We want your feedback – Are these company reviews helpful to you?  Yes | No
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Decent company. Not many opportunities to move up.

    Anonymous Employee (Former Employee) Algonquin, IL

    ProsGood benefits, decent pay, nice co-workers.

    ConsDidn't see opportunity to move up.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • Career Opportunities
    • No Opinion of CEO

     

    The people are great to work with!

    Lead Teller (Former Employee) Syosset, NY

    Prosthe type of people that you work with helps alot. the Teller line is PERFECT. the Platform on the other hand is....not so perfect

    Consthe customers are a different story. Management does not know whats going on! You will find yourself not being able to take a proper lunch because there is no help.

    Advice to Senior Managementlearn your job! give recognition when it is due!

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Not bad

    Teller (Former Employee) Charlottesville, VA

    Prosthe balancing incentive were very fair

    Consboring training classes, liven up the classes if you expect people to stay awake

    Advice to Senior Managementno advice to management at this time....sorry

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    A customer focused organization

    Anonymous Employee (Former Employee) Birmingham, AL

    ProsThe incentive plan was posted for all to see. Everyone had opportunity to make incentive within the branch. Team building was encouraged.

    ConsVery hard to get promoted to a branch manager, even with a bachelors degree. One must become a teller manager first.

    Advice to Senior ManagementI am not sure how the branches are run now that it is Wells Fargo. Ask for the money you want coming in the door.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Not the best, not the worst

    Operations Manager (Former Employee) San Antonio, TX

    ProsLots of departments to move into

    ConsInconsistency is probably the biggest downside

    Advice to Senior ManagementNot much

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Disapproves of CEO

    2 people found this helpful  

    was great until Wells Fargo got on board

    Personal Banker II – Registered (Current Employee) Naples, FL

    ProsGreat discounts on banking services and loans. Used to be alot more pros until Wells Fargo took over and ruined a great banking model.

    ConsWas a great place to work until Wells took over. Wells cut the ability to make commission and started getting rid of all highest paid employees and hiring people for half the money. Training went to s@@t too as they only provide new hires with about three weeks of training. Let's just say they get what they paid for as half the new hires either quit or are fired withing the first six months. My clients that get to deal with the "new employees" always complain how incompetent they are. This approach to business does not work, or at least it does not work in affluent market areas as most of the clients started jumping ship as soon as wells started making changes.

    Advice to Senior ManagementYou get what you paid for and it will come back to bite you in the ass. Everyone is leaving because they are afraid of being let go for making too much money.

    No, I would not recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • No Opinion of CEO

     

    Fair...Corp and Business Units competed on strategy of firm

    Anonymous Employee (Former Employee) Richmond, VA

    ProsExperience is worth pursuing at Wachovia

    ConsPay is below your market value and contribution level

    Advice to Senior ManagementYou get what you pay for

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