Wells Fargo - Company makes money despite itself | Glassdoor
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There are newer employer reviews for Wells Fargo

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Helpful (1)

"Company makes money despite itself"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Senior Product Manager
Current Employee - Senior Product Manager
Doesn't Recommend
No opinion of CEO

Pros

Lot of vacation time
Hours are very reasonable
People are generally nice and friendly
Location in downtown San Francisco financial district is convenient

Cons

Very little opportunities for advancement
company makes record annual profits but then cuts medical benefits and bonus payouts
Extremely bureaucratic
Takes forever to get anything done
No rewards for taking risks and winning... at the same time, no penalties for taking a risk and losing.

Advice to Management

Honestly, the long time lines and bureaucratic hassles are killing innovation. There is no incentive to be a star because your rewards and recognition will be the same as the person who is just phoning it in.

Other Employee Reviews for Wells Fargo

  1. "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker
    Current Employee - Personal Banker
    Recommends
    Approves of CEO

    Pros

    Wells Fargo is very employee friendly

    Cons

    Wells Fargo is very aggressive and may not always do what is best for the customers

    Advice to Management

    Leadership is very well, however moving to micro managing leadership.


  2. "Very laid back for an investment bank"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Software Engineer
    Current Employee - Senior Software Engineer
    Recommends
    Approves of CEO

    Pros

    Very laid back for a full-fledged investment bank. Most different in that aspect to a few other investment banks I worked for in the past in New York city. Too bad, the former company Wachovia was also a great place to work, but not longer.

    Cons

    Because it lack a systematic peer review process in system development in IT, inept developers can frequently create a lot of bad code, which makes the maintenance and enhancement works difficult for the subsequent people to follow. Bad really, this is a prevalent problem in any large IT organizations including large investment banks.

    Advice to Management

    Hopefully Well Fargo will decide to retain the productive. non-bureaucratic, and overall stress-free culture from Wachovia. When I left in 2010, the culture was still there luckily.

There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

See Most Recent

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