There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

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Opportunity to advance quickly and work in multiple business units

  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Client Service Consultant in Menomonee Falls, WI
Current Employee - Client Service Consultant in Menomonee Falls, WI
Recommends
Approves of CEO

Pros

Opportunities abound, committment to diversity, and people make Wells Fargo a great place to start your career. Simply express your desire to pursue a certain career path and managers are happy to assist. Multiple company opportunities are presented to improve your personal skills.

Cons

The size of the company and corporate bureaucracy make it difficult to impact change. Simple solutions unfortunately take months and sometimes years of "meetings and approvals" before significant changes can be made to improve business practices.

Advice to Management

Continue to push the cross sell sales environment. It works.

Other Employee Reviews for Wells Fargo

  1. Great benefits, but be prepared to sell your soul.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Banker in Brownsville, TX
    Current Employee - Business Banker in Brownsville, TX
    Doesn't Recommend
    No opinion of CEO

    Pros

    Great benefits, good salary, great training.

    Cons

    You essentially are a car salesman. Wells Fargo implements goals for bankers to attain bonuses so high that you have to offer financial products that the customer might not need or want. You basically convince customers that they need the products. Bankers at Wells are not true lenders but order takers. Wells Fargo pushes community banking but it really is not. Loan decisions are made in Neveda, phoniex, or Texas. Bankers have to "sell" 8 solutions to each customer. And some management has the philosophy "just do it" regardless if the customer needs the service.

    Advice to Management

    Take a look at goals. Are they so unattainable that it is forcing teammembers to do unethic sales practices.


  2. Great for the long term - tough for the short term.

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Store Manager in Minneapolis, MN
    Current Employee - Store Manager in Minneapolis, MN
    Recommends
    Approves of CEO

    Pros

    The benefits are wonderful and better than most companies. As well as the Paid Time Off. Wells Fargo is very interested in keeping a variety of people and is committed to diversity. There are many options to volunteer in things as far reaching as a Gay Pride Parade to Habitat for Humanity. Also, Wells Fargo allows life partners to attend Wells sponsored events.

    Cons

    The budget cuts make it impossible to purchase even t-shirts for new employees or take them to lunch. Also, makes it impossible to hire people as needed and give them raises as necessary. The recognition and compensation plans are minimal and can be very misleading and discouraging. The current quarterly sales compensation plans are too long for Generation Y employees and we are seeing a huge decrease in motivation due to it.

    Advice to Management

    Our leadership (community bank president) and above, need a serious reality check about the necessity of spending money to increase the look of our banks and the need to hire more staff and pay more to keep good staff. Also, we need to revamp the compensation plan. Generation X and Y employees find (for the most part) quarterly compensation plans too extensive to make them motivational. We need to move into a monthly program as places like US Bank and Bank of America are considering.


There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

See Most Recent

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