Wachovia

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Wachovia Reviews in Florida

669 Reviews

3.4
669 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
176 Ratings

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)

More Highlights

8 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Private Banking Relationship Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Private Banking Relationship Manager  in  Tampa, FL
    Former Employee - Private Banking Relationship Manager in Tampa, FL

    Pros

    Systems and products were strong. Benefits were good

    Cons

    Bureaucracy, Getting things done was difficult. Mediocracy was celebrated.

    Advice to ManagementAdvice

    In your rush to centralize functions, don't "dumb down" jobs in the field. Your customer-facing people know the client base the best. Give them the authority they need to look a customer in the eyes and do what they need to do to get the job done.

    Recommends
    Negative Outlook
    No opinion of CEO
  2.  

    Large and beauracratc

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional  in  Miami, FL
    Former Employee - Regional in Miami, FL

    Pros

    Good opportunity for broad range of skills and background; Open and tolerant of different backgrouds and cultures in certain positions. Compensatyion lower to mid range for most positions A company this large is full of change and opportunity but not a place to build along term career after 5 or so years move on.

    Cons

    compensation under constant annual modification and review Metrix driven bonus and commissions are always extremely demanding and designed to be very very difficult to achieve. Almost impossible to recieve above avg ratings such as "meet and exceed". Performance reviews are very tough and even unfair and forget about "discussing or changing" no such thing. You will be part of the CYBOG

    Advice to ManagementAdvice

    none

    Recommends
    Negative Outlook
    No opinion of CEO
  3. 2 people found this helpful  

    was great until Wells Fargo got on board

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Personal Banker II – Registered  in  Naples, FL
    Current Employee - Personal Banker II – Registered in Naples, FL

    Pros

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

    Cons

    Was 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 ManagementAdvice

    You 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.

    Doesn't Recommend
    Disapproves of CEO
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  5.  

    Wachovia is going down hill

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller Manager  in  Delray Beach, FL
    Current Employee - Teller Manager in Delray Beach, FL

    Pros

    Wachovia was a great company to work for until Wells Fargo took over! The pay is okay and the benefits a great.

    Cons

    SALES!!! SALES!!!! SALES!!! Wachovia used to focus on service but since Wells Fargo took over it's all about shoving products down customers throats!

    Advice to ManagementAdvice

    Treat your employees with respect. I always felt like I gave 110% but it was never enough for upper management.

    Doesn't Recommend
    No opinion of CEO
  6.  

    Ok place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Teller  in  Daytona Beach, FL
    Former Employee - Teller in Daytona Beach, FL

    Pros

    Wachovia has great benefits, some good people to work with, some great customers, pay is okay, and training is efficient.

    Cons

    Downsides at Wachovia include hard to move up unless you are a favorite, pay could be better, and you don't get much back in terms of yearly pay raises.

    Advice to ManagementAdvice

    Make good judgements on who you allow advance, sometimes there are other tellers saving others by picking up their slack so the branch runs more smoothly.

    Recommends
    No opinion of CEO
  7.  

    Wachovia Bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee  in  Sarasota, FL
    Current Employee - Anonymous Employee in Sarasota, FL

    Pros

    The job has nice benefits. It is a steady paycheck week to week. It offers a good amount of time off

    Cons

    The job can be a little boring. Not something I would want to do for a long time. Again boring

    Advice to ManagementAdvice

    The leadership is fair. It communicates pretty well. Perhaps to many bosses to answer to. Need to trim the fat abit

  8. 2 people found this helpful  

    Great company, but bad time to shift career into sales job with a low salary..commissions are being cut left and right

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Licensed Financial Specialist  in  Tampa, FL
    Current Employee - Licensed Financial Specialist in Tampa, FL

    Pros

    Compentation for performance is higher than most banks at the personal banker level. Also, the financial center manager is not your direct supervisor. Also, you have room to specialize in small business, investments, leadership, consumer loans, etc.

    Cons

    Constant slashing of incentive pay, decrease of incentive based on overall branch service scores despite personal performance, decrease of incentive based on "book of business" decline. Combined, these two reductions can be as much as a 40% overal decrease in your incentive for the month. Now, Wachovia has priced themselves out of the loan market due to their purchase of Golden West

    Advice to ManagementAdvice

    None

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