Wells Fargo

  www.wellsfargo.com
  www.wellsfargo.com

Wells Fargo Reviews in Columbia, MD

Updated September 6, 2014
Updated September 6, 2014
7,103 Reviews
3.2
7,103 Reviews
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Wells Fargo President, CEO, and Director John G. Stumpf
John G. Stumpf
3,551 Ratings

Review Highlights

Pros
  • The work-life balance is good and I was able to see a number of interesting deals (in 283 reviews)

  • They do have good benefits although they continue to degrade a little every year (in 488 reviews)


Cons
  • Sales goals that must be met whether the customer wants or needs the products (in 565 reviews)

  • work- life balance very difficult with the stress management gives to produce (in 138 reviews)

More Highlights

21 Employee Reviews Back to all reviews

Sort: Popular Rating Date
  1. 1 person found this helpful  

    Good stepping stone in a good economy, a joke in a bad one.

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

    I have been working at Wells Fargo

    Pros

    Good experience for those looking to break into finance/financial services. Good work/life balance and corporate structure.

    Cons

    Salary structure is a joke.

    Advice to ManagementAdvice

    Grow a set and tackle tough issues

    Doesn't Recommend
    No opinion of CEO
  2. 1 person found this helpful  

    fair, spiteful and lazy managers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Securities Analyst in Columbia, MD
    Current Employee - Securities Analyst in Columbia, MD

    I have been working at Wells Fargo

    Pros

    No hassle about taking time off for appointments and flexible with arrival. Some weeks are easy going with very little to do.

    Cons

    Senior management trying to get people out the door. Underpaid for stress level associated with work, and dead end positions

    Advice to ManagementAdvice

    Lead by example rather than by constant delegation. More respect will be earned that way. Make employees feel valued. You can't raise salaries for new employees and ignore current employees, that's bad for retention.

    Doesn't Recommend
    No opinion of CEO
  3. 2 people found this helpful  

    Smart People as a Competitive Advantage...the rest are idiots!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Senior Securities Analyst in Columbia, MD
    Current Employee - Senior Securities Analyst in Columbia, MD

    I have been working at Wells Fargo

    Pros

    I can pretty much come and go as I please.
    Very little accountability for the quality of your work. Yup.

    Cons

    Long nights during certain periods of the month.
    Management has no clue how to get people to do their job or train them.
    Coworkers could careless and usually force you to work long hours so they can soak up OT.
    They leverage the people who can do their job and let the idiots keep coasting.
    No room for advancement for Senior Analysts...that's why we go elsewhere!

    Advice to ManagementAdvice

    Promote those people who can actually do their job, fire those who are just taking up space and haven't advanced in over 5 years, middle management is useless!

    Doesn't Recommend
    No opinion of CEO
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  5. 2 people found this helpful  

    Mid-Level Managers Need to be Cut

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Securities Analyst in Columbia, MD
    Current Employee - Securities Analyst in Columbia, MD

    I have been working at Wells Fargo

    Pros

    Broad exposure to financial concepts. Good starting job right out of college.

    Cons

    If Wells Fargo CTS wants to increase profits they should look at cutting some mid level managers. My manager does nothing all day but work her personal gmail account. She has no idea what is going on in the group and is oblivious to the work and projects that her staff members are doing. She shows nothing but favortism by giving huge raises to the people she likes and small raises to those she doesn't like even if they worked their butt off. So you better learn to brown nose if you want to get ahead. Ironically, the people she gives the huge raises to talk crap behind her back constantly. If we were allowed to give performance reviews to mid level managers, a lot of them would receive failing grades. Needless to say, I will be leaving soon and I know that others will be following me very soon.

    Advice to ManagementAdvice

    Allow staff members to give their direct managers performance feedback to HR/senior management. That way they can determine which managers aren't pulling their weight. Too many mid level managers are just there to collect a paycheck and add no value to the organization.

    Doesn't Recommend
    Disapproves of CEO
  6. 1 person found this helpful  

    loss mitigation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Loss Mitigation in Columbia, MD
    Current Employee - Loss Mitigation in Columbia, MD

    I have been working at Wells Fargo

    Pros

    Name recognition, training, financial knowledge, company stability.

    Cons

    Little room for advancement, company politics, disrespect, unknowledgeable senior management

    Advice to ManagementAdvice

    Have a clear concise direction for your goals. Treat everyone with respect. Have open dialogue with employees.

    Doesn't Recommend
    No opinion of CEO
  7.  

    ok place to work

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

    I worked at Wells Fargo

    Pros

    depending on department flexable hours, work is independent for the most part, you are aware you your deadline so you can work at you pace.

    Cons

    Growth and promotions is limited, not all departments have flexibility or care about work life balance. Managers are not consistent. With current market condition managers think it’s a good thing to push people out.

    Advice to ManagementAdvice

    If you don't listen to your employees you’re going to lose them. Pushing people out doesn't ensure your job security.

    No opinion of CEO
  8. 2 people found this helpful  

    Great company, but little growth in the future

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Assistant Vice President in Columbia, MD
    Current Employee - Assistant Vice President in Columbia, MD

    I have been working at Wells Fargo

    Pros

    Very strong company values. We strive to do the best for our clients and provide the best service possible. Strong company values are incorporated in many aspects of daily work.

    Cons

    Long hours especially during production. Production is monthly so the long hours are a regular occurrence. There is also a lack of direction due to the recent collaspe of the financial markets. There is no clear future for CTS and layoffs are expected in the near term. Employees have no hope for promotion or growth in the short term. Training could be better, but due to heavy production, many new employees do not get the necessary training.

    Advice to ManagementAdvice

    Senior management need to forecast the market better. Rapid hiring and poor forecasting has led to mass layoffs which were easily preventable.

    No opinion of CEO
  9.  

    There is a reason most don't stick around in this position long.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Former Employee - Securities Analyst in Columbia, MD
    Former Employee - Securities Analyst in Columbia, MD

    I worked at Wells Fargo

    Pros

    Wells Fargo is a solid well capitalized bank; a safe company. Casual dress is allowed in the office with some dress down days. The pay is reasonable.

    Cons

    Long hours every third week of the month. Other times there is not enough to do. Cubical layout. Divided into teams with one manager.

    Advice to ManagementAdvice

    Know how to do your subordinate's job.

    No opinion of CEO
  10.  

    Wells Fargo is a great company but be careful in which divison you apply for work.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Securities Analyst in Columbia, MD
    Current Employee - Securities Analyst in Columbia, MD

    I have been working at Wells Fargo

    Pros

    The benefits are good, and when the economy is good there are lots of little bonuses and parties thrown for employees.

    Cons

    Currently there is no room for growth. The current economy has completed stopped the growth within the Corporate Trust divison of Wells Fargo. The management has made questionable decisions about it's expectations for future business. When there was rapid growth from 2004-2006 the hiring standards were lowered in order to get people in the company to run the new business. This has allowed for a number of employees of questionable quality.

    Advice to ManagementAdvice

    Create a vision of where CTS needs to be headed, and help align the management to reach that goal. This needs to be communicated to the staff. Goals and high standards need to be set for all employees to make sure the high performers do not get burnt out and the low performers can get by without repremand.

    Approves of CEO
  11.  

    Great place to work...but not for an extended period

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Career Opportunities
    Current Employee - Analyst in Columbia, MD
    Current Employee - Analyst in Columbia, MD

    I have been working at Wells Fargo

    Pros

    Great place to get a technical backgorund/knowledge of the field. the learning curve is steep and much support is given during the first few months with a transition to more independent work occuring 8 months to a year after start. the best part of this is that the work can be complex so a feeling of satisfaction develops once job competency emerges. Also, management does take an interest in allowing employees to develop skills and encourages this development on a monthly basis. In the currwent market, it is nice to work dfor a bank that is not in the news for its problems.

    Cons

    Promotions are slow in coming, so your current role may become tiring quickly.

    Advice to ManagementAdvice

    Please promote more frequently, many staff are leaving the company for better positions elsewhere.

    Recommends
    Approves of CEO

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