There are newer employer reviews for Wachovia
There are newer employer reviews for Wachovia

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Unhappy

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

I worked at Wachovia

Doesn't Recommend
No opinion of CEO
Doesn't Recommend
No opinion of CEO

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.

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  1. Enjoyable experience, but the Well's Fargo business model reduces opportunity to deepen and enhance client relationship.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker II – Registered in Lexington, SC
    Former Employee - Personal Banker II – Registered in Lexington, SC

    I worked at Wachovia

    Recommends
    No opinion of CEO
    Recommends
    No opinion of CEO

    Pros

    -Constantly busy
    -Always meeting new people
    -Very reputable firm
    -Great Benefits
    -Constantly interacting with all staffing levels and different departments

    Cons

    -The Well's Fargo business model sucks!
    -Commission is paid on a quarterly basis
    -You spend the whole day prospecting for Checking, MMKT, and W2SV accounts
    -PB's are declined the opportunity to utilize their portfolio management techniques
    -Asset size does not increase or decrease payout
    -PB's are not allowed to turn-down clients based on asset size
    -Many times I felt like I was serving tables from behind a desk
    -I did not get an MBA and Series 7 to balance people's checkbooks

    Advice to Management

    Allow your bankers the opportunity to grow the client's portfolio rather than forcing them to discard the client once the 'core solutions' have been squeezed out of the client. A licensed PB can provide an abundance of tools that their clients can use to enhance their financial lives, but management is obsessed with useless checking accounts. In addittion, every Personal Banker should be required to take the Series 7 & 66 after their first year. I already had both before joining Wachovia, but the knowledge gained through these tests greatly enhances a PB's prospecting ability.


  2. Watch your back

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

    I have been working at Wachovia

    Disapproves of CEO
    Disapproves of CEO

    Pros

    Great promotions. Quick promotions. Alot of benefits.

    Cons

    The incompetence of management. Impossible hours / goals.

    Advice to Management

    Be smarter.


There are newer employer reviews for Wachovia
There are newer employer reviews for Wachovia

See Most Recent

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