Wachovia Reviews

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4.0
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Approve of CEO
Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
2 Ratings

Pros
  • Wachovia was very committed to work-life balance (in 42 reviews)

  • Work/life balance, good benefits (in 53 reviews)

Cons
  • Upper management is blind sometimes (in 17 reviews)

  • micro management like i've never seen (in 16 reviews)

More Pros and Cons

11 Employee Reviews

Sort: Popular Rating Date
  1. I learned a lot about mortgage time frames and the over whelming state of the economy.

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

    I worked at Wachovia full-time (More than 3 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Well know it Wells Fargo but, it's one of the top banks in the country so, there are great benefits, pay and long lasting friendships.

    Cons

    I don't have any cons really about this company.

    Advice to Management

    The only thing I would advise to management would be little understanding when family's have someone with a potential fatal illness.


  2. I enjoyed working in the Item Processing Dept

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

    I worked at Wachovia full-time (More than 8 years)

    No opinion of CEO
    No opinion of CEO

    Pros

    Excellent benefits and the supervisors were very professional and caring.

    Cons

    Everyone on the team did not do their part.


  3. Great Company, new ownership just as good

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Specialist in West Palm Beach, FL
    Former Employee - Financial Specialist in West Palm Beach, FL

    I worked at Wachovia full-time (More than a year)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Sales experience, compensation potential, can move up pretty quick with good numbers

    Cons

    Not the most exciting industry


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  5. Awesome company, but at the end a let down

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

    I worked at Wachovia full-time (More than 10 years)

    Recommends
    Positive Outlook
    No opinion of CEO
    Recommends
    Positive Outlook
    No opinion of CEO

    Pros

    Excellent training, solid company to work for

    Cons

    At local level, product pushing

    Advice to Management

    Make goals more realistic


  6. Great People - Culture Changing

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Orlando, FL
    Current Employee - Vice President in Orlando, FL

    I have been working at Wachovia

    Approves of CEO
    Approves of CEO

    Pros

    - Most individuals want to make a difference
    - Opportunity to work in many areas of country
    - Medical Benefits are very fairly priced

    Cons

    - Corporate Culture is in flux
    - Some leaders tend to be myopic; negatively impacting stakeholders
    - Training and advancement somewhat limited outside of San Fran, Minneapolis, and Charlotte

    Advice to Management

    Move away from mindset of "this is the way we have always done it" to a vision-based orientation that leverages team member skills, abilities, and strengths.


  7. Good while it lasted...

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Loan Processor II in Tampa, FL
    Former Employee - Loan Processor II in Tampa, FL

    I worked at Wachovia

    No opinion of CEO
    No opinion of CEO

    Pros

    Good Pay
    Family environment
    Stromg Team work attitude

    Cons

    Disorganized Management
    Expensive Benefits
    Too much fluctuation in bonus structures

    Advice to Management

    More training, especially at management level.
    Clearer goals for whole team
    Better Feedback


  8. Good place to learn to work with high-net-worth individuals

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Relationship Manager in Jacksonville, FL
    Former Employee - Relationship Manager in Jacksonville, FL

    I worked at Wachovia

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    company is very supportive of employees. good advancement opportunities if you are a strong performer. flexibility in work arrangements. strong

    Cons

    difficult to work in a changing environment because of the merger with wells fargo. not enough transparency and fear of layoffs.

    Advice to Management

    please have more worthwhile meetings that dont spend so much time talking about nothing. some managers are a little incompetent


  9. One of the better institutions to work for.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Licensed Financial Specialist in Lighthouse Point, Broward, FL
    Former Employee - Licensed Financial Specialist in Lighthouse Point, Broward, FL

    I worked at Wachovia

    Recommends
    Recommends

    Pros

    The friends youll make with the employees, relationships with the customers and the closing of sales for your deals.

    Cons

    Unethical conduct by employees and sometimes certain management personel. Ranging from crossing certain boundaries to get the sales to flat out crimes. Also,

    Advice to Management

    Try not to get as bad as some of the other institutions in nickel and dimeing the customers. Also, tellers tend to be a low point it seems compared to other banks, on average.


  10. Hard to move up, but overall a great company.

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

    I have been working at Wachovia

    Recommends
    Approves of CEO
    Recommends
    Approves of CEO

    Pros

    Great people and a very diverse group.

    Cons

    Once your inside, getting to the next level proves difficult even when you meet all the qualifications and have the education.

    Advice to Management

    Be more open to current staff who meets and obviously would excell in other positions.


  11. The job's great, but you can burn out pretty quickly looking for something more challenging.

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

    I have been working at Wachovia

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    Great work-life balance. Being on the sales end of jobs allows for more control of your work schedule. As long as sales goals are met you can dictate how many hours you are putting in. If you're in a good branch with a good FCM, it's much easier to meet and exceed sales goals.

    Cons

    Illogical sales deadlines. Communication from the top could be better. Trying something completely new when regular system already works. Each year they raise the incentive requirements. Sometimes it doesn't feel like senior management has a good handle on the local market and they expect you to surpass goals even if it's not realistic.

    Advice to Management

    If a system isn't broke, don't fix it.



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