Wells Fargo

www.wellsfargo.com
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Wells Fargo Reviews

Updated March 2, 2015
Updated March 2, 2015
7,651 Reviews
3.3
7,651 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wells Fargo President, CEO, and Director John G. Stumpf
John G. Stumpf
3,813 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

Employee Reviews

Sort: Popular Rating Date
  1.  

    fast track to success

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

    I have been working at Wells Fargo

    Pros

    builds strong work ethic in employees.

    Cons

    tough goals that test employees's abilities.

    Recommends
    Approves of CEO
  2. 46 people found this helpful  

    Cross Sell or Unemployment, Wells Fargo Only Wants Employees To Sell Customers

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous
    Current Employee - Anonymous

    I have been working at Wells Fargo (more than 5 years)

    Pros

    Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

    Cons

    Cross Selling is the only focus now, firing employees who are great at their job in every area that should matter but if the cross selling results are not meeting the ever ridiculous quota (which continues to rise) than you may not have a job next month. Expectation for customers to say yes to cross selling, leaving you with no real control of your job security. Stress!

    Advice to ManagementAdvice

    Cross sell expectations are going to destroy the customers experience after all tenured employees are fired. All that will be left are employees that cross sell and could not resolve a true complex issue.

    Recommends
    Neutral Outlook
    Approves of CEO
  3. 4 people found this helpful  

    Great company to work for but pay is not the best.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Fargo full-time (more than 3 years)

    Pros

    You control your own destiny based on your sales performance. Great to work for a company that encourages career growth. You can move up quickly in the company if you're motivated and hit your sales goals. You are compensated sales and service bonus's when you reach your goals. Great benefits including medical, dental, vision etc. Paid vacation and sick days. Offer 401K plan. Great training. You generally meet and work with great people.

    Cons

    Pay could be better. Pressure to sale can be overwhelming at times. Sales goals can be difficult to obtain. Micro management often occurs. Company over emphasizes providing customer service. Certain managers fail to develop their team members. Work environment can be cut throat at times because of the aggression to achieve sales goals

    Advice to ManagementAdvice

    Less micro management. Make sales goals a little more realistic. Increase salary

    Recommends
    Negative Outlook
    Approves of CEO
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  5. 1 person found this helpful  

    Business Banking Specialist

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Fargo

    Pros

    The company as a whole is good to work for.

    Cons

    work/life balance is very difficult

    Advice to ManagementAdvice

    Do not micromanage every single detail of our daily work.

    Doesn't Recommend
    Positive Outlook
    Approves of CEO
  6.  

    great place to work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Integrity Consultant in San Francisco, CA
    Current Employee - Data Integrity Consultant in San Francisco, CA

    I have been working at Wells Fargo full-time (more than 3 years)

    Pros

    Good career opportunities for growth.

    Cons

    Salary not to industry standards

    Recommends
    Positive Outlook
  7.  

    Wells Fargo Advisors

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Advisor in New York, NY
    Current Employee - Financial Advisor in New York, NY

    I have been working at Wells Fargo

    Pros

    Of all the wirehouses, WFA is in my opinion the best for FAs. Management doesn't cram product down your throat, and allows you to operate in the best interests of the client. Though they've been encouraging more partnership with the Private Bank, they have not made it mandatory; and in fact I would argue the PB gives you a greater arsenal to reach more HNW clients than you otherwise might.

    Cons

    At the end of the day it's still a wirehouse, which means you're not as free as you might be as an RIA. As WFA is owned by a bank there's always the risk of "Bank Creep," but I don't see the BOA/Merrill struggles happening to us anytime soon.

    Advice to ManagementAdvice

    Keep the bank available but don't over-reach. Let advisors keep doing what they do best and continue to give them the tools to succeed.

    Recommends
    Positive Outlook
    Approves of CEO
  8. 1 person found this helpful  

    It was GREAT before the merger happened with Wachovia.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wells Fargo

    Pros

    In the Securities Investments Group it was the best--pre-merger. I learned a lot and had the opportunity to move up.

    Cons

    Wachovia management.......not senior management but rather the operational management. I was forced to move on because I was pigeonholed into my job and had no where to advance to.

    Advice to ManagementAdvice

    Value your people because you will lose good people!

    Recommends
    Neutral Outlook
    Approves of CEO
  9.  

    Data Analyst or Marketing Database Consultant 1

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Data Analyst in Walnut Creek, CA
    Current Employee - Data Analyst in Walnut Creek, CA

    I have been working at Wells Fargo full-time (more than 5 years)

    Pros

    laid back, good bonus, 6% 401k match, 23 business days off including sick

    Cons

    not enough growth within my department

    Recommends
    Positive Outlook
    No opinion of CEO
  10.  

    Good benefits

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wells Fargo

    Pros

    Flexible
    Empowering
    Team members
    Benefits
    Avalabilty

    Cons

    Low salary
    Hard to grow
    Lack of knowledgable sr mgmt

    Recommends
    Negative Outlook
  11.  

    Wells Fargo

    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Wells Fargo

    Pros

    Location, Support, Community, place, days

    Cons

    time, money, hours, cash, salary

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