There are newer employer reviews for Wells Fargo

If you get a good manager and are willing to work, the sky is the limit.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Personal Banker in Las Vegas, NV
Current Employee - Personal Banker in Las Vegas, NV

I have been working at Wells Fargo full-time (more than a year)

Recommends
Positive Outlook
Approves of CEO
Recommends
Positive Outlook
Approves of CEO

Pros

The company offers great benefits, including solid vacation pay (from Day 1), company match 401k (after year 1), reasonable starting salary, good hours with easy work/life balance, and significant growth opportunities. The job itself is not hard if you're somewhat intelligent and are a people person. If you're willing to work hard, you will see doors opening much faster, of course.

Cons

Of course there is sales pressure, but its not anywhere near as bad as I've read in other reviews (of course this will vary greatly depending on where you are working and under whom). I was fortunate to get one of the good managers. Phenomenal, actually. Not without flaws, but a genuine concern for his employees and their growth. A decent amount of downtime (which I actually enjoyed), and some days it can be boring, but that is up to you. Conference calls are not awesome. My biggest complaint is probably the number of employees that should not have been hired in the first place. Wastes time and money to train them when they end up quitting or getting fired within 6 months anyway.

Advice to Management

Weed out bad hires more quickly and recognize and promote talent sooner. This is minor, though. Overall, all that really needs to happen is that the bad managers need to either be trained by the good ones or weeded out sooner.

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  1. Helpful (1)

    Regional Private Banker Minneapolis, MN

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional Private Banker in Minneapolis, MN
    Former Employee - Regional Private Banker in Minneapolis, MN

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

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    technology is great. working for a large company, it is possilbe to have a long rewarding career. 401k and vacation time are generous. Salary is average for this position in the marketplace. Midpoint for a seasoned private banker 1 is 55,000. Private Banker 2 is 62,000. both have annual and quarterly bonus potential.

    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 or twice a month to review sales pipeline. Bankers are responsible for achieve 3 of four metrics in deposits, investments, loan, and partner referrals.

  2. Professional and creative for a financial field

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Contractor - Consultant in San Francisco, CA
    Former Contractor - Consultant in San Francisco, CA

    I worked at Wells Fargo as a contractor (less than a year)

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

    Pros

    Having come from a formal design background, it was easy to impress the team and work well with the other designers there. I felt welcomed and respected.

    Cons

    It's a financial firm and not one known to be 'out-of-the-box' creative. A bit cramped style...but again, it's financial not the entertainment industry.

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