Glassdoor is your free inside look at Wachovia reviews and ratings — including employee satisfaction and approval rating for Wachovia CEO John G. Stumpf. All 590 reviews posted anonymously by Wachovia employees.
50% of the CEO
John G. Stumpf
Former Employee – worked at Wachovia full-time for more than 7 years
Pros – Good benefits package, great earning potential
Cons – lending strategies changed often and emphasis on products moved all over the board
Advice to Senior Management – get in touch with the field employees
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
2013-05-03 18:00 PDT
Former Employee – worked at Wachovia full-time for more than 8 years
Pros – Systems and products were strong. Benefits were good
Cons – Bureaucracy, Getting things done was difficult. Mediocracy was celebrated.
Advice to Senior Management – In 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
2013-05-13 09:36 PDT
Former Employee – worked at Wachovia full-time for less than a year
Pros – I had a great boss, then she went to a competing company.
Cons – Wells 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 Management – Stop bullying your employees.
No, I would not recommend this company to a friend
2013-05-10 07:38 PDT
Former Employee – worked at Wachovia full-time for more than 8 years
Pros – The benefits were great and loved the people I worked with. And interaction with customers/cliens.
Cons – Parking for work because of being downtown.
Yes, I would recommend this company to a friend
2013-04-20 08:23 PDT
Former Employee – worked at Wachovia
Pros – Nice people within the branch. Federal holidays off. You really get to know the customers.
Cons – Too 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 Management – Loosen the belt and allow branch managers to be the boss.
No, I would not recommend this company to a friend
2013-03-31 22:03 PDT
Former Employee – worked at Wachovia full-time for more than a year
Pros – Good pay for the work load
Cons – Too big to fail worked here too!
Advice to Senior Management – Sell out to Wells Fargo!
No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company
2013-04-18 13:11 PDT
Former Employee – worked at Wachovia full-time for more than 8 years
Pros – When 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.
Cons – Upper 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.
2013-03-08 20:10 PST
Former Employee – worked at Wachovia
Pros – Nothing really comes to mind. The only good part about working there were a few great coworkers.
Cons – There 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 Management – Don't take your employees for granted
No, I would not recommend this company to a friend
2013-04-10 21:52 PDT
Former Employee – worked at Wachovia full-time
Pros – Not 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.
Cons – Too 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
2013-03-18 11:35 PDT
Former Employee – worked at Wachovia full-time for more than a year
Pros – Sales experience, compensation potential, can move up pretty quick with good numbers
Cons – Not the most exciting industry
Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company
2013-02-04 11:20 PST
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