Wachovia Reviews

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46 Employee Reviews

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  1. Watch your back

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - CSSR in Delray Beach, FL
    Current Employee - CSSR in Delray Beach, FL

    I have been working at Wachovia

    Pros

    Great promotions. Quick promotions. Alot of benefits.

    Cons

    The incompetence of management. Impossible hours / goals.

    Advice to ManagementAdvice

    Be smarter.

    Disapproves of CEO
  2. Not a good place to move up at all

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Anonymous Employee in Miami, FL
    Former Employee - Anonymous Employee in Miami, FL

    I worked at Wachovia

    Pros

    Bankers hours, being able to build relationships with customers, a small setting which allows for a feeling of family if working with the right people, paid holidays. With the right management and no micromanaging, it had the potential of being a great job.

    Cons

    If you were really good at your job, then promotions were not offered because you were filling a need in your current position. There are many years with no raises and its blamed on mergers. It is my personal opinion that yearly reviews are done in a matter that justifies no annual raise. You cannot rely on mngmt's promise of advancement. It is placed before you like a dangling carrot so that you will go above and beyond but when the time comes, it does not come through. There was a lot of animosity between management and other workers.

    Advice to ManagementAdvice

    Please encourage workers with possibilities of advancement not morning meetings where you are told you will lose your job if you don't open accounts.

    Doesn't Recommend
    No opinion of CEO
  3. No one knows what they are doing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Personal Banker I in Tamarac, FL
    Current Employee - Personal Banker I in Tamarac, FL

    I have been working at Wachovia

    Pros

    Benefits package is nice. PTO and prescription drug. Pay is ok

    Cons

    It is a sales position. Customers do not matter, hit your goal at all costs!! Every hour your manager asks how many accounts you have. Managers do not help with customer issues, they pass the issues on to the bankers and are not very well trained. Most managers do not have recent experience as bankers or tellers. They do not know company policy and state it is their job to "help get the numbers" not to help with customer issues. Constant misinformation---policies are changing daily. Commission is more or less unobtainable.

    Advice to ManagementAdvice

    Train your staff and care about the customer. They are why we have jobs. Take responsibility.

    Doesn't Recommend
    Disapproves of CEO
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  5. Great opportunity for young male sales people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Tampa, FL
    Current Employee - Anonymous Employee in Tampa, FL

    I have been working at Wachovia

    Pros

    Great benefits. Salary is competitive.

    Cons

    Management focuses on sales results only. Little training is provided to employees that are competent and responsible to improve their sales abilities. These employees are threatened and quickly managed out.

    Advice to ManagementAdvice

    Manage your resources by identifying employee talents and provide opportunities for employees to get better at their jobs. Many good employees have left based on narrow minded leadership.

    Doesn't Recommend
    No opinion of CEO
  6. 2 people found this helpful

    was great until Wells Fargo got on board

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Personal Banker II – Registered in Naples, FL
    Current Employee - Personal Banker II – Registered in Naples, FL

    I have been working at Wachovia

    Pros

    Great discounts on banking services and loans. Used to be alot more pros until Wells Fargo took over and ruined a great banking model.

    Cons

    Was a great place to work until Wells took over. Wells cut the ability to make commission and started getting rid of all highest paid employees and hiring people for half the money. Training went to s@@t too as they only provide new hires with about three weeks of training. Let's just say they get what they paid for as half the new hires either quit or are fired withing the first six months. My clients that get to deal with the "new employees" always complain how incompetent they are. This approach to business does not work, or at least it does not work in affluent market areas as most of the clients started jumping ship as soon as wells started making changes.

    Advice to ManagementAdvice

    You get what you paid for and it will come back to bite you in the ass. Everyone is leaving because they are afraid of being let go for making too much money.

    Doesn't Recommend
    Disapproves of CEO
  7. 1 person found this helpful

    You never know when you have to stay late or when you can take time off

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Personal Banker in Sarasota, FL
    Current Employee - Personal Banker in Sarasota, FL

    I have been working at Wachovia

    Pros

    micro managed, 3 months black out for pto, time off if approved not timely

    Cons

    no real chance of making goals or making commisions- set the bar so high- hours of calling customers by phone

    Advice to ManagementAdvice

    Its human nature to not give when you force employees to work 6 days a week floating holidays are joke

    Doesn't Recommend
  8. I wish Wachovia was not a Wells Fargo Company...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Teller in Gainesville, FL
    Current Employee - Teller in Gainesville, FL

    I have been working at Wachovia

    Pros

    -Opportunity to grow if you are sales oriented and make a good impression to upper management.
    -Decent salary (negociate if you have experience)

    Cons

    -The company culture is too sales oriented. Upper management and even branch management does not care if its a slow day or if you don't work much.. they expect core sales goals ot "solutions" to be met daily.
    -We did not receive a pay raise the past year
    -Wells Fargo's benefits package is horrible
    -Bonuses seem non-existent, they dont compare to previous Wachovia structure.

    Advice to ManagementAdvice

    Listen to your employee's, no one is happy. Have a training program in place to help with sales. You can't expect people to sale without training.

    Doesn't Recommend
    No opinion of CEO
  9. "The Puppet Makers"

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Anonymous Employee in Fort Lauderdale, FL
    Current Employee - Anonymous Employee in Fort Lauderdale, FL

    I have been working at Wachovia

    Pros

    Paid time off and benefits, with the exception of the company stopping pensions since Wellsfargo takeover. Better than unemployment.

    Cons

    No communication between manegment and subordinates, low pay for expectations, poor incentive program, unqualified management, promotions based on who you know as opposed to qualifications for the job..You must be a Wachovia/Wellsfargo cheerleader with no opinion of your own to get ahead.

    Advice to ManagementAdvice

    Look at your employees as assets instead of liabilities, stop thinking only of your own pockets Try improving your own management skills before you try to micro manage your employees. Lose the attitude " your lucky you have a job". Stop managing by fear.

    Doesn't Recommend
    Disapproves of CEO
  10. Great People - Culture Changing

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Vice President in Orlando, FL
    Current Employee - Vice President in Orlando, FL

    I have been working at Wachovia

    Pros

    - Most individuals want to make a difference
    - Opportunity to work in many areas of country
    - Medical Benefits are very fairly priced

    Cons

    - Corporate Culture is in flux
    - Some leaders tend to be myopic; negatively impacting stakeholders
    - Training and advancement somewhat limited outside of San Fran, Minneapolis, and Charlotte

    Advice to ManagementAdvice

    Move away from mindset of "this is the way we have always done it" to a vision-based orientation that leverages team member skills, abilities, and strengths.

    Approves of CEO
  11. Teller position with Wachovia

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Teller in Lake Worth, FL
    Former Employee - Teller in Lake Worth, FL

    I worked at Wachovia

    Pros

    The hours were great! Banker's hours and bank holidays are true blessings

    Cons

    Not as flexible with school schedules as they say they are

    Advice to ManagementAdvice

    Pay tellers more per hour to reduce money losses. Tellers are responsible for upwards of $25,000 per day being paid only $12 per hour...

    Recommends
    No opinion of CEO

Wachovia Photos

One Wachovia Tower, headquarter officer of Wachovia in Charlotte North Carolina. (Photo attributed to Kozo - licensed under the CCL Attribution-ShareAlike 3.0 & GFDL, version 1.2)
Sign - Very Nice Clean Branch
the view outside

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