Wells Fargo

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2 people found this helpful  

Great place to work, but limited internal growth potential

Operations Analyst III (Current Employee) Charlotte, NC

ProsThe people are great. The company is strong and stable. There are many job types and opportunities within the company. It's a great place to get experience.

ConsThere is an internal policy that limits growth of the employees to about 15% for internal promotions. This isn't an issue if you join the company at a reasonable market rate, but if you are planning on starting at the bottom and trying to work your way up, you will quickly find that you will always be at the bottom. The consensus from employees I have spoken with is that the best way to earn a respectable salary is to leave the company and come back at a decent rate. I know two individuals who did this and doubled their salary in one year, keeping in mind that they were severely underpaid to begin with.

Advice to Senior ManagementTry to build a better culture of talent retention. Too many great employees leave because of the rigid compensation policy. Just because you get a bargain rate on an employee to begin with doesn't mean that you should hold them at the bottom for the rest of their career. The smart employees will always leave for better pay, and you will be left with the least ambitious, least talented people working for you for the long term. This does not seem to be a very good recipe for success.

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

    • Culture & Values
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    • Senior Management
    • Comp & Benefits
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    • Approves of CEO

     

    Lots of opportunities and very rewarding career

    Manager (Current Employee) Des Moines, IA

    I have been working at Wells Fargo full-time for more than 10 years


    Pros: Managers open to employees transferring internally and grow. Competetive compensation, flexible… Cons: Large company so change is slow Yes, I would recommend this company to a friend More
    • Culture & Values
    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

    1 person found this helpful  

    Regional Private Banker Minneapolis, MN

    Regional Private Banker (Former Employee) Minneapolis, MN

    I worked at Wells Fargo full-time for more than 8 years


    Pros: technology is great. working for a large company, it is possilbe to have a long rewarding career. 401k and vacation time are generous.… Cons: Sales expectations are high; bankers have a dotted line reporting to an affluent sales coach; be prepared for intense one on ones at least once… Yes, I would recommend this company to a friend More
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