Wells Fargo

  www.wellsfargo.com
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Great place to work.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Career Opportunities
Current Employee - Business Development Officer  in  Minneapolis, MN
Current Employee - Business Development Officer in Minneapolis, MN

Pros

Wells Fargo treats its employees with the respect they deserve. The benefits package is particularly strong and the compensation for high sales performers is good.

Morale is good, feedback is taken seriously and a generous time off program provides a good work/life balance.

Communication is generally good, but has its gaps like any big company has.

Senior management are generally thoughtful and sensitive people. I have never been yelled at in ten years of working here by any manager.

Cons

It is a large, conservative organization that has all the downsides associated with a large bureaucracy. Trying to change things can sometimes be akin to changing the course of the titanic.

Advice to ManagementAdvice

Keep up the good work.

Recommends
Approves of CEO

Other reviews for Wells Fargo

  1. 1 person found this helpful  

    Wells Fargo is not for me!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Store Manager  in  Las Vegas, NV
    Former Employee - Store Manager in Las Vegas, NV

    Pros

    They were flexible with my work schedule and it made my personal life easier to manage. They offer a decent benefits package that included 401k and stock options. It is a bank, so you do get every holiday off and if you are fortunate to work in a traditional branch rather than an in-store you could even get weekends off. The work itself is not very difficult but because of the economy and the way the overall market is right now, you may have a tough time achieving your sales goals which will bring more pressure from Senior Management becasue they have deadlines to meet as well.

    Cons

    Management is not very organized, they believe more in quantity rather than quality when it comes to sales. They hold way to many meetings about things you are doing wrong rather than ways to improve current situations. I believe that management is too self involved with thier own sales goals to see that keeping and training your best people will lead to stronger sales and a happier work environment. I believe that Wells Fargo Nevada is to blame rather than Wells Fargo Company. The leadership in Nevada is very poor and is run by people who in my opinion are store managers at best.

    Advice to ManagementAdvice

    Get your act together!

    Doesn't Recommend
    Disapproves of CEO
  2. 1 person found this helpful  

    Wells Fargo - IT

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Business Systems Consultant  in  Des Moines, IA
    Current Employee - Business Systems Consultant in Des Moines, IA

    Pros

    Management is very smart and focused. Wells Fargo was able to avoid the majority of the subprime mess that is affecting a lot of banks right now due to its management. The company has laid off very few people thus far (nothing close to the likes of Citibank or Wachovia) and the majority of these people that lost their jobs were able to be placed into new positions within the company if they so choosed. The company has great benefits like the 401k plan with a company match of $1 for $1 up to 6%, discounted medical, dental, and vision plans, and 25 days of paid time off. The company also is employee friendly allowing team members to volunteer during work hours, work a flexible schedule, and train as often as you like.

    Cons

    The salaries offered through Wells Fargo are often on the lower end of the payscale compared to similar positions at different companies. Part of the reason could be the lower cost of living in the midwest (Iowa), which is where I work, but the positions' salaries still seem lower compared to other midwestern cities. Annual raises are also low compared to similar positions at other companies. Also, most positions do not include a bonus or profit sharing plan. The company also can have too many corporate levels within a department, meaning too many middle managers between the top executives and the entry level positions.

    Advice to ManagementAdvice

    I believe Wells Fargo has one of the top Senior Management teams within the financial services industry. They have led Wells Fargo through the subprime storm and the company will be stronger and larger because of it.

    Recommends
    Approves of CEO
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