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Former Employee - Financial Advisor  in  Detroit, MI
Former Employee - Financial Advisor in Detroit, MI

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

Pros

Good place to get your Series 7 and break into the industry.

Cons

Churn and and burn um philosophy when it comes to new recruits.
Lack of mentorship.
High account fees makes it difficult to attract and grow clients.

Advice to ManagementAdvice

Advisors are expected to act like small business owners, yet supporting functions are weak, such as compliance, trust advising, bond department, and high account fees. It's not worth the price of these services for advisors or their clients.

661 Other Employee Reviews for Wachovia (View Most Recent)

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  1.  

    Good learning experience that explained how much stress I was capable of handling at once.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Bank Teller  in  Greenacres, FL
    Current Employee - Bank Teller in Greenacres, FL

    I have been working at Wachovia part-time for more than a year

    Pros

    The paid-time-off, friendly coworkers, and great managers.

    Cons

    The policies, inflexible hours, sales-pushiness, stress for lack of staffing, and no proper on-site training development for beginners.

    Advice to ManagementAdvice

    Understand how the level of staffing can affect customer service and smooth operations. Don't expect to have low investing in training, low staffing, high sales goals expectation, 100% customer service, and a fast experience. Do not throw your new tellers in a drive-thru with four lanes by themselves until they are prepared.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  2.  

    Overall good experience.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Trust Officer  in  Wilmington, DE
    Former Employee - Trust Officer in Wilmington, DE

    I worked at Wachovia full-time for more than 5 years

    Pros

    Good pay and benefits compared to other trust companies in the area.

    Cons

    Poor middle management in the area.

    Recommends
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for Wachovia

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