Wachovia Reviews

Pros

The pay i pretty competitive. It is a huge corporation so their is room for promotion and relocation. The benefits are pretty decent. They have tuition reimbursmeent. Domestic partners are also allowed to be carried on your insurance.

Cons

When I first started working for them they were called First Union National Bank. Then Wachovia bought First Union. Now Wachovia is owned by Wells Fargo. The different changes in management can create a positive or negative work environment.

Advice to Senior Management

I think management should have more leadership skills. They should be there to help their employees grow and become more efficient in their skills and job responsibilities. More training classes are needed at wachovia.

Pros

Great pay, training, education and opportunity

Cons

It is now Wells Fargo

Advice to Senior Management

The purchase of Golden West was an unfortunate shift

Pros

the type of people that you work with helps alot. the Teller line is PERFECT. the Platform on the other hand is....not so perfect

Cons

the customers are a different story. Management does not know whats going on! You will find yourself not being able to take a proper lunch because there is no help.

Advice to Senior Management

learn your job! give recognition when it is due!

Pros

It is a very diverse environment to work in. There is a lot of moral also. The people are generally kind.

Cons

Depending on your position will determine how hard you work and how hard your manager works. Very interesting.

Advice to Senior Management

Treat your employees better, learn to reach out to people, recognize effort, show by example, learn how to stop being greedy.

Pros

the balancing incentive were very fair

Cons

boring training classes, liven up the classes if you expect people to stay awake

Advice to Senior Management

no advice to management at this time....sorry

Pros

The incentive plan was posted for all to see. Everyone had opportunity to make incentive within the branch. Team building was encouraged.

Cons

Very hard to get promoted to a branch manager, even with a bachelors degree. One must become a teller manager first.

Advice to Senior Management

I am not sure how the branches are run now that it is Wells Fargo. Ask for the money you want coming in the door.

Pros

you are making a base salary

Cons

-just because some people werent performing cold calls, everyone had to stay after regardless of work life balance
-managers stand in your office and oversee you like a child, very micromanaged
-all they care about is loans loans loans loans and sales

Pros

The experience you stand to gain from the position will help you when you decide to move on...which you will.

Cons

Completely ridiculous internal policies regarding the simplest of procedures. Super redundant activities to accomplish one portion of a task. The company guidelines make the government regulations surrounding banking seem like nothing in comparison. Useless activities, unreasonably drawn out sales process. Forgetting that customer experience in daily transactions effects sales drastically will continue to decrease sales production.

Advice to Senior Management

Simplify simplify simplify. Stop wasting paper. Rethink the sales process. Trim it down. This is not a timeshare presentation it is banking.

Pros

the job is laid back, not required to do much, management is easy going for the most part and the company is growing

Cons

sometimes management expects outrageous goals, operational system is ancient, very boring sometimes, pay is average, benefits are not great either

Advice to Senior Management

no advice to really give management keep doing what you guys do the job is okay and across the board average

Pros

its a place to earn a paycheck; nothing more. the benefits are comparable to other employers in the area while the salary is ok

Cons

its a big place so the chance of building rapport with team members are limited as people move around to different jobs a lot

Advice to Senior Management

take survey results seriously and instead of putting on a show, actually act on the survey results. and stop planting questions at q&a sessions