There are newer employer reviews for Wachovia

 

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

658 Other Employee Reviews for Wachovia (View Most Recent)

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  1.  

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

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

    I worked at Wachovia

    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 ManagementAdvice

    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.

    Recommends
    No opinion of CEO
  2.  

    Rewarding and educational.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Research Associate  in  Charlotte, NC
    Former Employee - Research Associate in Charlotte, NC

    I worked at Wachovia

    Pros

    Diversity of the work place and the ability to express your business ideas without fear of rejection.

    Cons

    Limited cross group interaction at levels below senior management.

    Advice to ManagementAdvice

    Establish more transparency of business units with regard to organizational make up.

    Recommends
    No opinion of CEO
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