Wells Fargo Reviews in Los Angeles, CA Area

Pros

Health insurance and retirement plan

Cons

Little boys club and favoritism

Advice to Senior Management

Spread the wealth

Pros

Technology is at its finest. Wells Fargo's data management systems are the most current. A bit complicated at first, but once you get it, works very well to support your business development efforts.
Senior Management keeps employees abreast of the most recent changes to laws and industry regulations. Implements changes quickly.
Competitive products, and rates and fees. Good reputation with many realtors, and other industry-related affiliates.
Regular training is provided to maintain employee's skillset and industry knowledge.

Cons

Many First-Time Homebuyer Programs not fully supported by Wells Fargo Home Mortgage. WFHM will often "overwrite" the Programs' guidelines with it's own restrictions, making it difficult for borrowers to qualify.

Advice to Senior Management

Satisfied with Management. They do appreciate, and act on, feedback and ideas from employees. They do keep employees up-to-date on changes that directly relate to the employee's job responsibilities.
The Company does contribute to, and does maintain a high profile in, the communities they serve, and that's a very good thing.

Pros

Great work hours having to work only 9-6 mon-fri in traditional branches

9-7 if you are in an in branch store

Cons

it is difficult to be promoted once you are in the company

Must hit very high sales goals to be recognized

Advice to Senior Management

Need to recognize the work staff that has completed a high level of education and looks to expand into corporate. Very difficult to penetrate from retail level

Pros

Large company with a lot of training, encouraged to change positions/departments within bank to grow and learn, good senior management and diversity commitment.

Cons

Salary and bonuses too low. If your manager is marking time towards retirement, they are not going to help you advance.

Advice to Senior Management

Raise your salaries and bonuses. HR needs to be more proactive with putting qualified employees in management training programs and company wide mentoring.

Pros

they teach you how to sell to everybody even your grandma.

Cons

MORE solutions !!! oh good job you are at 4/20/?? get more ...

Advice to Senior Management

stop focusing on numbers ! focus on the customer rather than sell them anything and everything

Pros

Financially solid company. They will hold on to even the most incompetent employee as long as they are liked by management. If you want the prestige of being a 'banker' without knowing much of anything about it, Wells Fargo is perfect for you.

Cons

Office politics dominate everything. The favorites are the ones who get the promotions, perks, rewards, and recognition. If you are not a brown-noser, you will not promote anytime soon. They expect every single Personal Banker to be a robotic salesperson, not taking customers' feelings or priorities into consideration. If you underperform, you WILL hear about it very quickly.

Advice to Senior Management

Level out the playing field. Just because you don't know somebody too well doesn't mean they are not qualified to promote and advance in their career.

Pros

good benefits and 401k thats it / training is really good

Cons

management can bend the rules however they want , they can implement rules thats its neither hr approved nor within policies and guidelines of W.F....

Advice to Senior Management

compensation plan needs a major makeover ...from the tellers all the way up to store manger and private banking ....

Pros

Benefits are good and that's about it

Cons

High sales goals. No work life balance

Advice to Senior Management

To have better performance plans.

Pros

Respect for diversity, new ideas, and promotion from within.

Cons

high pressure and sometimes disorganized.

Advice to Senior Management

More customer oriented

Pros

-Benefits
-Great staffs
-hours
-good pay
-Career advancement,company is a good company to work for, awesome for your resume. If you hit your numbers and exceed them your on the fast track to move up fast in the company.
-Great training program. I was really prepared when I started as a teller and moved up to my banker postion.

Cons

-Pressure packed goals ( if you dont have a big family or dont have a lot of freinds good luck)
-management panics under pressure..
-poor bonus structure, if your branch fails all your work gets thrown out the window.
-Brown nosing, gotta suck up to the dms etc.
-Lots of fakeness
-Management has the Malcom X approach "By any means neccessary " when it comes to a sale.
-Training teaches you do what is right for the customer but when your at the branch some management want you to bend the rules to the fullest extent to trick customers to open unneccessary accounts.
-Gaming ? ummm everything is gaming !!!!!!
-Encourage employees dont discourage them,
-Cold calls, setting up appointments are the worst. Be prepared to have thick skin.

Advice to Senior Management

Work on branch level management on communication. Communicating with condesending managers and assistant managers can be really aggravating when they talk to you like your 5 years old.
Set realistic goals and not be so bi polar when things dont go well for the day.