Wells Fargo

  www.wellsfargo.com
  www.wellsfargo.com
There are newer employer reviews for Wells Fargo

 

Loan Documentation Specialist IV - OK first job out of college

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Loan Documentation Specialist IV in Bloomington, MN
Former Employee - Loan Documentation Specialist IV in Bloomington, MN

I worked at Wells Fargo full-time (less than an year)

Pros

Good direct supervisors/team managers. Decent pay for an entry-level position. Good company-wide benefits. Good training program at the start, but the continued training seemed to be more around HR protocols, not really how to improve in the day-to-day role.

Cons

Large company atmosphere with a large amount of internal red tape. The role specifically could become very monotonous at times but it was well defined at the front end this would be the case. Was part of a larger layoff that was only driven by the fact that interest rates went up 1/2 a point or so - felt like just a number at the end.

Advice to ManagementAdvice

Site-wide management seemed to make zero effort to pass along higher level news/updates to individual teams, that was left to each team manager which meant the message would often be different than what other co-workers understood. Middle managers were not really empowered to institute changes or offer incentives for higher work performance.

Recommends
Positive Outlook
Approves of CEO

7075 Other Employee Reviews for Wells Fargo (View Most Recent)

Sort: Rating Date
  1. 1 person found this helpful  

    Stressful and unrealistic

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker II in Richmond, VA
    Former Employee - Personal Banker II in Richmond, VA

    I worked at Wells Fargo full-time (less than an year)

    Pros

    Benefits package was great. Really enjoyed the coverage on health and dental.

    Cons

    Pay was low and bonuses could not be achieved. No one in our district team hit goal. I was promised many bonuses when recruited but received none.

    Advice to ManagementAdvice

    Be realistic with sales goals and incentives. We don't need 4 conference calls a day every day yelling at us about lack of production based on your crazy goals.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  2. 1 person found this helpful  

    The downfall of working here

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Fargo

    Pros

    Rarely will you find yourself working more than 40 hours . Able to visit nearby business to recruit accounts for commission while being paid for your salary.

    Cons

    It is nearly impossible to make commission. You are not given any power. For example, you need to ask for permission to open checking account, savings accounts or any other accounts . You must see your manager to get these items in which he then question you about the whole conversation you had with the client to make sure "no sales opportunities were missed". You are required to fill out a form about the client, which is not a quick process, and you are rated by how much of the form you fill out and for how many people. As for growth opportunity , As a Personal Banker 1 you need to work your butt off , and still not make commission, to be picked by the a higher executive to choose to pay to get your series 55 and 57 to get promoted to personal banker 2 for about five thousand extra dollars . Oh I forgot the best part , people don't trust banks nowadays so of course your going to have a facade of rude customers!

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
There are newer employer reviews for Wells Fargo

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.