Wachovia Reviews

Updated August 21, 2014
Updated August 21, 2014
658 Reviews
3.5
658 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
167 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

71 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1.  

    Great place to work until Wells Fargo came with their horrible leadership!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Grunt  in  Raleigh, NC
    Former Employee - Grunt in Raleigh, NC

    I worked at Wachovia full-time for more than 10 years

    Pros

    Co-workers were like family.Training was excellent.....Wells Fargo training methods were a joke...

    Cons

    Typical corporate.....No perks!......Wells Fargo Training Style AKA which way is the wind blowing!

    Advice to ManagementAdvice

    Wells Fargo changed procedures daily.Employees left after being with Wachovia for over 20 yrs.

  2.  

    Gone but not forgotten

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - LFS  in  Denver, CO
    Former Employee - LFS in Denver, CO

    I worked at Wachovia full-time for more than a year

    Pros

    There was a strong community of bankers.

    Cons

    Now Wells Fargo with a different culture.

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  3.  

    Ugh

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Center Manager  in  Baltimore, MD
    Former Employee - Financial Center Manager in Baltimore, MD

    I worked at Wachovia full-time for more than a year

    Pros

    Enjoyed the people I worked with

    Cons

    Terrible culture-micro management to a T

    Advice to ManagementAdvice

    Stop having multiple daily conference calls to see how many new accounts have been procured.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
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  5.  

    Absolute politics at its worst... Internally, the company is so divided that it doesn't know which direction to go.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Auditor  in  New York, NY
    Former Employee - Auditor in New York, NY

    I worked at Wachovia full-time for more than 3 years

    Pros

    They knowledgable people but they are all too scared of getting their heads chopped off

    Cons

    They will throw you under the bus in a heartbeat.

    Advice to ManagementAdvice

    Stop looking out for yourselves

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  6.  

    At your own risk

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Charlotte, NC
    Former Employee - Anonymous Employee in Charlotte, NC

    I worked at Wachovia full-time for more than 3 years

    Pros

    I don't have any to share

    Cons

    This was not the right culture for me. Wrong place, wrong time. I was miserable there

    Recommends
    Neutral Outlook
    Approves of CEO
  7.  

    Overall bad experience

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wachovia

    Pros

    Nothing really comes to mind. The only good part about working there were a few great coworkers.

    Cons

    There wasn't any sense of employee appreciation, you felt like you were just another number. Very bureaucratic atmosphere. The management was inconsistent and overall poorly run.

    Advice to ManagementAdvice

    Don't take your employees for granted

    Doesn't Recommend
    No opinion of CEO
  8.  

    For a Fortune 500 company it was very poorly run

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Mortgage Banking Director  in  Dallas, TX
    Former Employee - Mortgage Banking Director in Dallas, TX

    I worked at Wachovia full-time for more than a year

    Pros

    Good compensation and working conditions

    Cons

    A very disorganized quagmire of bureaucracy managed by overwhelmingly arrogant and self righteous people at the top.

    Advice to ManagementAdvice

    Should have brought some good leaders in then, most importantly, leave them alone to do their job.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9.  

    sucks badly

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller  in  Greensboro, NC
    Current Employee - Teller in Greensboro, NC

    I have been working at Wachovia

    Pros

    benefits are admittedly pretty good

    Cons

    EVERYTHING ELSE!!! They treat you horribly, hire people to be managers who never managed before, and then they load you with work that they know you can't complete.

    Advice to ManagementAdvice

    I hope Wells Fargo is better than the crap I dealt with

    Doesn't Recommend
    Disapproves of CEO
  10.  

    Unhappy

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

    I worked at Wachovia

    Pros

    The best reason to work at Wachovia was our customers and my team members.

    Cons

    Complete lack of affective and effective management. Complete lack of truthful communication. In some cases extremely poor management skills.

    Doesn't Recommend
    No opinion of CEO
  11.  

    Great opportunity for young male sales people.

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

    I have been working at Wachovia

    Pros

    Great benefits. Salary is competitive.

    Cons

    Management focuses on sales results only. Little training is provided to employees that are competent and responsible to improve their sales abilities. These employees are threatened and quickly managed out.

    Advice to ManagementAdvice

    Manage your resources by identifying employee talents and provide opportunities for employees to get better at their jobs. Many good employees have left based on narrow minded leadership.

    Doesn't Recommend
    No opinion of CEO

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