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Wells Fargo is a good place to work.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Former Employee - Project Management Manager  in  Colorado Springs, CO
Former Employee - Project Management Manager in Colorado Springs, CO

I worked at Wells Fargo

Pros

There is a very strong corporate culture and name recognition. Accomplishments are publicly recognized and everyone is expected to work hard. It may seem very "rah-rah" but having now worked at a company with no corporate culture, I can appreciate the Wells environment.

Cons

Long hours are expected and the line between work and personal time is often blurred. Feedback to management is often not recognized or used for improvements. It is difficult to complete a long term project because the tenure of the sponsor (senior management) is usually only about a year, so priorities shift often.

Advice to ManagementAdvice

Promote from within when senior managers leave. Currently, when a new senior manager is brought in, he or she replaces all the direct reports and projects and initiatives get off track.

Recommends
Approves of CEO

Other Reviews for Wells Fargo

  1. 1 person found this helpful  

    Review Headline??

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Store Manager  in  Salt Lake City, UT
    Former Employee - Store Manager in Salt Lake City, UT

    I worked at Wells Fargo

    Pros

    The company is stable financially. Working here you do not need to wory about the company going out of business.

    Cons

    The goals they set for their employees are not workable. The company does not have realistic expactions and goals for there employees.

    Advice to ManagementAdvice

    The company has to much emphasis on sales , and not enough on service. They open up a lot of accounts but close just as many because of lack of service.

    Doesn't Recommend
    Approves of CEO
  2.  

    On to the Next Stage?

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Deposit Consultant  in  Beverly Hills, CA
    Current Employee - Business Deposit Consultant in Beverly Hills, CA

    I have been working at Wells Fargo

    Pros

    It's one of the best places to start a career in banking. The company offers both full time and part time jobs.
    Wells Fargo is an organization that values community and hiring from all diverse segments. You can meet a lot of interesting people and make life long friends.
    The company offers great benefits and tuition reimbursement for students.
    Wells Fargo is one of the most respected financial institutions with regard to consumer and business lending. If you take the time to learn credit skills, you will be widely marketable to other firms.
    You can form a strong personal and business network.
    The company offers competitive benefits package and great discounts on things that matter over the long haul (ie discounts on lines of credit, mortgages, car loans, no fee checking/savings accounts, discounts on foreign currency for travel, free cashier's checks, etc).

    Cons

    Aside from credit skill training, the other training programs are not that strong in comparison to other financial services firms.
    The bank does not invest enough in recruiting and retaining strong team members. The hiring philosophy is analagous to the law of large numbers.
    The aggressive sales culture is highly focused on numbers and production versus quality and accuracy of completed tasks. A good number of employees do the bare minimum or worse, they don't try and other team members have to pick up the slack.
    Politics and popularity is essential to succeeding at Wells Fargo.

    Advice to ManagementAdvice

    Invest in your employees and retain them. This will pay off for shareholder value by the company becoming known for its experienced and highly knowledgeable bankers. Bankers that love the bank and therefore recommend it to everyone they meet.

    Also, customers are happiest when they can walk into a store and have an established relationship. Customers will recognize and feel the change when our staffing is stable, sound, and reliable; the employees and their tenure with the bank are a reflection on the Wells Fargo brand. How do you increase employee retention in a store? Make it a pleasant work environment. Motivate team members to achieve their numbers through encouragement. Tell them you believe in them.

    Doesn't Recommend
    Approves of CEO
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