There are newer employer reviews for Wachovia

2 people found this helpful

was great until Wells Fargo got on board

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Personal Banker II – Registered in Naples, FL
Current Employee - Personal Banker II – Registered in Naples, FL

I have been working at Wachovia

Pros

Great discounts on banking services and loans. Used to be alot more pros until Wells Fargo took over and ruined a great banking model.

Cons

Was a great place to work until Wells took over. Wells cut the ability to make commission and started getting rid of all highest paid employees and hiring people for half the money. Training went to s@@t too as they only provide new hires with about three weeks of training. Let's just say they get what they paid for as half the new hires either quit or are fired withing the first six months. My clients that get to deal with the "new employees" always complain how incompetent they are. This approach to business does not work, or at least it does not work in affluent market areas as most of the clients started jumping ship as soon as wells started making changes.

Advice to ManagementAdvice

You get what you paid for and it will come back to bite you in the ass. Everyone is leaving because they are afraid of being let go for making too much money.

Doesn't Recommend
Disapproves of CEO
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  1. Great

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

    I worked at Wachovia

    Pros

    Positive Environment overall and decent management.

    Cons

    Financial Sector Troubles are a cause for concern.

    No opinion of CEO
  2. very micro-managing mentality ever since Wells Fargo took over

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Store Manager in Greenville, SC
    Current Employee - Store Manager in Greenville, SC

    I have been working at Wachovia

    Pros

    Good benefits, good growth opportunity

    Cons

    if you are a self motivated individual it is a tough environment. Very hands on and micro-managing mentality. Three check-in conference calls per day with manager to discuss production for the day. daily commitments every day after close as well as in the morning.

    Advice to ManagementAdvice

    I would not manage every individual the same. Some people perform better without the micro-management.

    Doesn't Recommend
    No opinion of CEO
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