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Wachovia
3.0 of 5 590 reviews
www.wachovia.com Charlotte, NC 5000+ Employees
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Wachovia Reviews

Updated May 13, 2013
All Employees Current Employees Only

3.0 590 reviews

                             

50% Approve of the CEO

Wachovia Chairman and CEO John G. Stumpf

John G. Stumpf

(137 ratings)

51% of employees recommend this company to a friend
590 employee reviews
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Atlanta, GA

Former Employee – worked at Wachovia full-time for more than 7 years

ProsGood benefits package, great earning potential

Conslending strategies changed often and emphasis on products moved all over the board

Advice to Senior Managementget in touch with the field employees

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Tampa, FL

Former Employee – worked at Wachovia full-time for more than 8 years

ProsSystems and products were strong. Benefits were good

ConsBureaucracy, Getting things done was difficult. Mediocracy was celebrated.

Advice to Senior ManagementIn your rush to centralize functions, don't "dumb down" jobs in the field. Your customer-facing people know the client base the best. Give them the authority they need to look a customer in the eyes and do what they need to do to get the job done.

Yes, I would recommend this company to a friend – I'm not optimistic about the outlook for this company

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Leesburg, VA

Former Employee – worked at Wachovia full-time for less than a year

ProsI had a great boss, then she went to a competing company.

ConsWells Fargo's way of doing things was very different from Wachovia. Wachovia cared about their customers and employees, WF has pushed their employees to sell, sell, sell. You will be fired if you do not hit your sales numbers forcing employees to sell things to customers that they don't need so they can hit their numbers and keep their job. Sad.

Advice to Senior ManagementStop bullying your employees.

No, I would not recommend this company to a friend

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Winston-Salem, NC

Former Employee – worked at Wachovia full-time for more than 8 years

ProsThe benefits were great and loved the people I worked with. And interaction with customers/cliens.

ConsParking for work because of being downtown.

Yes, I would recommend this company to a friend

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Former Employee – worked at Wachovia

ProsNice people within the branch. Federal holidays off. You really get to know the customers.

ConsToo much micromanaging from external managers. I worked in Houston and had to email someone from dallas to get a day off. Upper level managers constantly would start trouble in the branches. Sales credits are hard to make when you are part time.

Advice to Senior ManagementLoosen the belt and allow branch managers to be the boss.

No, I would not recommend this company to a friend

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Charlotte, NC

Former Employee – worked at Wachovia full-time for more than a year

ProsGood pay for the work load

ConsToo big to fail worked here too!

Advice to Senior ManagementSell out to Wells Fargo!

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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Former Employee – worked at Wachovia full-time for more than 8 years

ProsWhen Wachovia was Wachovia (post First Union merger, that is), we were making strong efforts to make our technology purchases smart, to make projects accountable for their costs, and the like.

ConsUpper management lost focus on the core business and chased the buck all the way into the near collapse of the company, culminating in the Wells Fargo buyout. A sad epitaph.

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Former Employee – worked at Wachovia

ProsNothing really comes to mind. The only good part about working there were a few great coworkers.

ConsThere wasn't any sense of employee appreciation, you felt like you were just another number. Very bureaucratic atmosphere. The management was inconsistent and overall poorly run.

Advice to Senior ManagementDon't take your employees for granted

No, I would not recommend this company to a friend

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Former Employee – worked at Wachovia full-time

ProsNot a whole lot, used to be good until it was taken over by Wells Fargo. Now the hours are too long and and pay is less.

ConsToo much boy's club. Management didn't really care about employee wells being and insensitive to changes.

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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West Palm Beach, FL

Former Employee – worked at Wachovia full-time for more than a year

ProsSales experience, compensation potential, can move up pretty quick with good numbers

ConsNot the most exciting industry

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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