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

See Most Recent

Helpful (2)

Great place to work, but limited internal growth potential

  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Operations Analyst III in Charlotte, NC
Current Employee - Operations Analyst III in Charlotte, NC

I have been working at Wells Fargo full-time (More than 8 years)

Recommends
Positive Outlook
No opinion of CEO
Recommends
Positive Outlook
No opinion of CEO

Pros

The 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.

Cons

There 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 Management

Try 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.

0 reviews filtered by
  • Any Location
  • Any Job Title
  • Any Status
  1. Great idle "job" for less educated!

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Loan Buyer in Springfield, IL
    Former Employee - Mortgage Loan Buyer in Springfield, IL

    I worked at Wells Fargo full-time (More than 5 years)

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

    Pros

    This is a perfect 8-4 job for lifetimers. The pay and bonus opportunities are decent for the Springfield area, especially if you are lacking a college degree.

    Cons

    Not a career! Simply put, glorified secretary position in unstable market. Don't expect your college education to be rewarded (same pay regardless of education). Zero professional development. Aside from padding my 401(k), this position "dumbed me down" and was a professional setback.

    Advice to Management

    The implementation of an employee development plan with measurable goals. A motivated employee is a productive employee!


  2. Started out very positive, but changed after merger with Wachovia

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Orlando, FL
    Current Employee - Vice President in Orlando, FL

    I have been working at Wells Fargo full-time (More than 5 years)

    Recommends
    Neutral Outlook
    Disapproves of CEO
    Recommends
    Neutral Outlook
    Disapproves of CEO

    Pros

    left alone to do your job

    Cons

    no service support, no job performance reviews, little support given to employees who need help

    Advice to Management

    higher back room support or loose clients


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

See Most Recent

Work at Wells Fargo? Share Your Experiences

Wells Fargo

 
Click to Rate
or

Your response will be removed from the review – this cannot be undone.