Wachovia
3.1 of 5 642 reviews
www.wachovia.com Charlotte, NC 5000+ Employees

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2 people found this helpful  

was great until Wells Fargo got on board

Personal Banker II – Registered (Current Employee)
Naples, FL

I have been working at Wachovia

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

ConsWas 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 Senior ManagementYou 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.

No, I would not recommend this company to a friend

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  • Work/Life Balance
         
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Fair...Corp and Business Units competed on strategy of firm

Anonymous Employee (Former Employee)
Richmond, VA

I worked at Wachovia


Pros: Experience is worth pursuing at Wachovia Cons: Pay is below your market value and contribution level Advice to Senior Management: You get what you pay for More

  • Work/Life Balance
         
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Great

Anonymous Employee (Former Employee)
Wilmington, NC

I worked at Wachovia


Pros: Positive Environment overall and decent management. Cons: Financial Sector Troubles are a cause for concern. More

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