Wells Fargo

  www.wellsfargo.com
  www.wellsfargo.com

Wells Fargo Reviews in Washington, DC

Updated December 10, 2014
Updated December 10, 2014
7,127 Reviews
3.2
7,127 Reviews
Rating Trends

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Wells Fargo President, CEO, and Director John G. Stumpf
John G. Stumpf
3,561 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

25 Employee Reviews Back to all reviews

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  1.  

    Consumer Loan Underwriter

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Consumer Loan Underwriter III in Washington, DC
    Former Employee - Consumer Loan Underwriter III in Washington, DC

    I worked at Wells Fargo full-time (less than an year)

    Pros

    Good Management and environment to work

    Cons

    Management in underwriting care more for quantity of loans not quality and there are a few good manager

    Advice to ManagementAdvice

    Huge Operation, need more consideration from Suppervisors

    Recommends
    Neutral Outlook
    Approves of CEO
  2.  

    RUN

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker I in Washington, DC
    Current Employee - Personal Banker I in Washington, DC

    I have been working at Wells Fargo

    Pros

    good pay, decent benefits, okay co wooers

    Cons

    Sales sales sales.. thats all they care about! If a client already has a checking account, no worries give them another. Oh they don't have a credit card? Make sure they apply for one. They could care less about their clients financial needs.

    Advice to ManagementAdvice

    Stop micromanaging, start listening and stop pushing product.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  3.  

    Decent company but slow advancement opportunities.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Customer Service and Sales Representative in Washington, DC
    Former Employee - Customer Service and Sales Representative in Washington, DC

    I worked at Wells Fargo full-time (more than an year)

    Pros

    Big company, over-industry average pay.

    Cons

    More stressful on the East Cost, employees don't get a couple holidays (president's day, Columbus day), HR policy is inadequate so it's hard to move to another department, weak tuition reimbursement plan.

    Recommends
    Positive Outlook
    Approves of CEO
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  5.  

    The private bank

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Analyst in Washington, DC
    Current Employee - Analyst in Washington, DC

    I have been working at Wells Fargo full-time (more than an year)

    Pros

    Older work force, really nice and helpful. Depending on manager you can work on projects across business lines. Large company so potentially to move around within the company almost endless

    Cons

    Older workforce. Private bank offices are usually satellite offices. Not that young of a workforce. Pay is pretty structured. Would have to leave and come back to have a higher salary than if one stayed

    Advice to ManagementAdvice

    Need to attract younger workforce

    Recommends
    Neutral Outlook
    Approves of CEO
  6.  

    Micromanagement

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Personal Banker I in Washington, DC
    Former Employee - Personal Banker I in Washington, DC

    I worked at Wells Fargo full-time (more than an year)

    Pros

    I worked for The bank when it was still pre-merger and was Wachovia. Then on Managers were motivational, lead by example and were good mentors. despite the challenge of the job it created a positive vibe in the workplace which resulted to efficiency.

    Cons

    I believe when it became Wells Fargo the bar was set higher sending the new store managers to breath under their own team's neck. The micromanagement was terrible. I saw my co-employees fall out one by one. the air around the store was just not ideal anymore coupled with the stress of the job. customers who had relationships with older employees were pissed to see they had to deal with new ones again. Relationship banking was not their forte.

    Advice to ManagementAdvice

    Teamwork should be emphasized and the good leaders should be the managers. They ought to mentor never to bully. The cost you entail training and retraining new employees, the relationship built and had be rebuilt by the fast turnover of your employees will soon catapult back to your company. You are basically in sales and you ought to know by now that your employees are your biggest asset.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  7. 2 people found this helpful  

    Do not bother wasting your time in this company. High stress and uneducated/unprofessional management

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Regional Bank Private Banker in Washington, DC
    Former Employee - Regional Bank Private Banker in Washington, DC

    I worked at Wells Fargo full-time

    Pros

    Large company if you like that!!

    Cons

    Very unprofessional management
    Numbers is the only one thing that are important
    A lot of pressure and expectation, high stress job
    Your good work would not be appreciated if you don't play the politics right

    Advice to ManagementAdvice

    Get rid of those who think they know everything just because they have been with the company for so long. Save the new and energetic talent that bring on board. In my last 6 months, our region lost all the top bankers.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  8.  

    Inthe beginning it was nice

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Executive Assistant in Washington, DC
    Former Employee - Executive Assistant in Washington, DC

    I worked at Wells Fargo full-time (more than 3 years)

    Pros

    The benefits are some of the best

    Cons

    No opportunity for advancement in administrative

    Advice to ManagementAdvice

    where to start? Workers are treated sub human - like meat to the slaughter. Easy come, easy go. That's why there's a super high turnover - EVEN in these times. Completely ANAL. They will write you UP about anything and everything. If you make a mistake, they will look for a reason to let you go. Trust Me...no matter how well you do your job, it's not good enough for certain executives. The worst thing is how the management treats you, and the things they say to you. I could go on and on - but if you're thinking of working for this company - DON'T DO IT! unless you love hating to go to work everyday - Love managers who love (literally) to make you miserable, love management who threaten to fire people every day (and do) etc, etc. If you LOVE micro management, you'll thrive here.

    Doesn't Recommend
    No opinion of CEO
  9.  

    Store Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Store Manager II in Washington, DC
    Former Employee - Store Manager II in Washington, DC

    I worked at Wells Fargo full-time (more than 8 years)

    Pros

    Good company and lots of opportunity to advance.

    Cons

    Lots of pressure from Gallup customer service survey.

    Recommends
    Neutral Outlook
    Approves of CEO
  10.  

    Lots of Broken Promises

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Teller in Washington, DC
    Current Employee - Teller in Washington, DC

    I have been working at Wells Fargo full-time (more than an year)

    Pros

    Decent pay
    Good Benefits
    There is the opportunity to meet a lot of great people in the community.
    You can move almost anywhere in the country and stay with the company.

    Cons

    You are often micro-managed.
    There are reports for literally everything you do, so no matter how well you are doing at the majority of your job, there is something somewhere that says you need improvement.
    There were promises of upward mobility that were never realized.
    There is often way too much responsibility to offset how much your getting paid.

    Advice to ManagementAdvice

    Stick around long enough to develop a team.

    Recommends
    Neutral Outlook
    No opinion of CEO
  11.  

    Extremely Unreachable Daily Sales Goals

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Personal Banker in Washington, DC
    Current Employee - Personal Banker in Washington, DC

    I have been working at Wells Fargo full-time (less than an year)

    Pros

    Great company ethics when it comes to employers, great pay, diverse company and many opportunities for promotion

    Cons

    The Daily sales goals will have you contemplating quitting every single day. No one lasts as long as upper management says you will. Turnover rate is insane. Managers put crazy pressure on you to produce to the point to do unethical things just to hit numbers. Managers will have you solicit random people and companies on a daily basis to get checking accounts. It extremely embarrassing and uncomfortable. There is no work/life balance. Be prepared to never see your family. Oh, and if you live in an area that can get harsh winters...be prepared to go in and stay all day even when its dangerous outside (i.e. snow, hail, hurricanes, etc. )

    Advice to ManagementAdvice

    Make Realistic sales goals and focus more on providing excellent service instead of the constant pressure to meet numbers.

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO

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