Wachovia

  www.wachovia.com
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Wachovia Reviews in Florida

All Employees Current Employees Only

2.8 44 reviews

56% Approve of the CEO

Wachovia Chairman and CEO John G. Stumpf

John G. Stumpf

(9 ratings)

44% of employees recommend this company to a friend

Review Highlights

Pros
  • Wachovia was very committed to work-life balance(in 39 reviews)

  • Good benefits package, great earning potential(in 52 reviews)


Cons
  • Limited cross group interaction at levels below senior management(in 31 reviews)

  • Since the merger with Wells Fargo healthcare insurance is not the best(in 11 reviews)

44 Employee Reviews Back to all reviews
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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

     

    Wachovia Bank

    Anonymous Employee (Current Employee) Sarasota, FL

    ProsThe job has nice benefits. It is a steady paycheck week to week. It offers a good amount of time off

    ConsThe job can be a little boring. Not something I would want to do for a long time. Again boring

    Advice to Senior ManagementThe leadership is fair. It communicates pretty well. Perhaps to many bosses to answer to. Need to trim the fat abit

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    sucks

    Financial Center Manager (Former Employee) Miami, FL

    ProsFortune 500 company and benefits

    Consnever get time off bc everyone is seniority above you or there is a mtg. and your managers dont do crap they just push all pressure on you. every branch is different but generally working there sucks. many dont leave/quit because the pay is decent in this economy.

    Advice to Senior Managementget a degree and learn to respect ee's they are you best assets

    Yes, I would recommend this company to a friend

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    One of the better institutions to work for.

    Licensed Financial Specialist (Former Employee) Lighthouse Point, Broward, FL

    ProsThe friends youll make with the employees, relationships with the customers and the closing of sales for your deals.

    ConsUnethical conduct by employees and sometimes certain management personel. Ranging from crossing certain boundaries to get the sales to flat out crimes. Also,

    Advice to Senior ManagementTry not to get as bad as some of the other institutions in nickel and dimeing the customers. Also, tellers tend to be a low point it seems compared to other banks, on average.

    Yes, I would recommend this company to a friend

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    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities
    • Approves of CEO

     

    Hard to move up, but overall a great company.

    Servcing Transaction Specialist (Current Employee) Tampa, FL

    ProsGreat people and a very diverse group.

    ConsOnce your inside, getting to the next level proves difficult even when you meet all the qualifications and have the education.

    Advice to Senior ManagementBe more open to current staff who meets and obviously would excell in other positions.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
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    • No Opinion of CEO

     

    The job's great, but you can burn out pretty quickly looking for something more challenging.

    Licensed Financial Specialist (Current Employee) Jacksonville, FL

    ProsGreat work-life balance. Being on the sales end of jobs allows for more control of your work schedule. As long as sales goals are met you can dictate how many hours you are putting in. If you're in a good branch with a good FCM, it's much easier to meet and exceed sales goals.

    ConsIllogical sales deadlines. Communication from the top could be better. Trying something completely new when regular system already works. Each year they raise the incentive requirements. Sometimes it doesn't feel like senior management has a good handle on the local market and they expect you to surpass goals even if it's not realistic.

    Advice to Senior ManagementIf a system isn't broke, don't fix it.

    Yes, I would recommend this company to a friend

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    • Approves of CEO

     

    Did the right thing during a tough time for the company.

    Vice President (Current Employee) Miami, FL

    ProsGood benefits, consistent communication from senior management on the status of the company.

    ConsNo apparent career opportunities. Everything is on hold pending the Wells Fargo merger.

    The company has a very short term focus. It's only about making the numbers this quarter. Never about making a business plan and staying with it long term. Never about building for the future and developing people for the future.

    Advice to Senior ManagementValue employees at least as much as you value shareholders. When employees are treated as though they are expendable, they will have no commitment to their work.

    No, I would not recommend this company to a friend

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    enjoyable environment

    Temporary Customer Service Representative (Former Employee) Gainesville, FL

    ProsI thought the atmosphere was very enjoyable, it all depends on what exactly you're job entails bc sometimes the job can be very boring but i have found my coworkers to be nice and enjoyable to talk to which makes up for the monotony I have found my managers to be very nice and have tried to compliment when you are working hard and exceeding expectations. If you work hard, others will notice.

    Consit can be boring sometimes it seems like you are doing the same monotonous work over and over, but it depends on your job title. I was only a temporary employee so i was not privy to the same type of work environment that a full time regular employee might experience, however, the only difference i can see is it possibly being more tedious work such as greeting guest which can get annoying and make the day go on forever.

    Advice to Senior ManagementBe friendly and give positive feedback when possible, it makes for a very great environment.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

    Hope Citibank is an improvement over working with Wachovia

    Small Business Banker (Current Employee) Palm Beach, FL

    ProsThere was good name recognition until the merger between Wachovia and First Union. Then Wachovia's name became just as bad as First Union's. The benefits are fairly standard and the incentive plan can be good. It is usually changed several times throughout the year. The company will jump all over clients when they first become a customer but once the sale is completed so is the organizations focus on that customer. Senior managment does not seem to understand the words "CLIENT RETENTION". We used to have annual trips for top performers and this past year it was held at a local park. A far cry from the days of being flown to Hawaii

    ConsDaily micro managment. You can exceed your goals by 500% but in the current environment you are only as good as your last month. Lots of certain folks with power and wield it very unfairly

    Advice to Senior ManagementTake a look at your employee turnover ratio and the supervisors that have the highest ones. Don't you see a pattern

    No, I would not recommend this company to a friend

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    • Senior Management
    • Comp & Benefits
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    3 people found this helpful  

    good pay

    Licensed Financial Specialist (Current Employee) Miami, FL

    ProsUpper managment is respectful and understanding when it comes to your personal life. Compensation is a plus when you do the work that is given to you. Time off is great becuase you get 2 weeks paid time off and 2 weeks family care. You can also contribute to your community 8 hrs paid per month. You just need to show proof you will be at the function that you state. The system you work with empowers you to complete various tasks without having to run to anyone or managment. If you like a challange then you should come work here.

    ConsThe benefits are not the best. The only thing good about the benefits is the match 401k. Medical and dental is way too high.

    Advice to Senior ManagementBe available more often.

    Yes, I would recommend this company to a friend

    • Work/Life Balance
    • Senior Management
    • Comp & Benefits
    • Career Opportunities

    2 people found this helpful  

    Great company, but bad time to shift career into sales job with a low salary..commissions are being cut left and right

    Licensed Financial Specialist (Current Employee) Tampa, FL

    ProsCompentation for performance is higher than most banks at the personal banker level. Also, the financial center manager is not your direct supervisor. Also, you have room to specialize in small business, investments, leadership, consumer loans, etc.

    ConsConstant slashing of incentive pay, decrease of incentive based on overall branch service scores despite personal performance, decrease of incentive based on "book of business" decline. Combined, these two reductions can be as much as a 40% overal decrease in your incentive for the month. Now, Wachovia has priced themselves out of the loan market due to their purchase of Golden West

    Advice to Senior ManagementNone

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