Wells Fargo - PWM Associate | Glassdoor
There are newer employer reviews for Wells Fargo
There are newer employer reviews for Wells Fargo

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Helpful (1)

"PWM Associate"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Associate in New York, NY
Former Employee - Associate in New York, NY
Approves of CEO

I worked at Wells Fargo full-time (More than a year)

Pros

Great team, fast paced learned lots!

Cons

Long hours, but other than that great experience!

Other Employee Reviews for Wells Fargo

  1. "Consumer Loan Underwriter"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Consumer Loan Underwriter III in Washington, DC
    Former Employee - Consumer Loan Underwriter III in Washington, DC
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Wells Fargo full-time (Less than a 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 Management

    Huge Operation, need more consideration from Suppervisors


  2. Helpful (1)

    "An unethical manager can ruin it for everyone and will likely not be dealt with"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker II in Sandy, UT
    Former Employee - Personal Banker II in Sandy, UT
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time (More than a year)

    Pros

    - 401K plans match to 6% and occasionally 8% with discretionary profit sharing
    - You get to provide helpful financial solutions to customers
    - If this is your first real job, there's lots of promotion opportunity within retail
    - Other banks respect Wells Fargo sales training
    - Bank hours and 18 days of PTO from day one

    Cons

    - Manager's goals may not be closely aligned with your own. So they may want you to do what makes THEM the most money, even if it doesn't make you much.
    - Too much attention and scrutiny to WOW (customer service) scores. Also, poor team performance lowers your individual rating
    - You'll get managers that will encourage you to do illegal things. In my area, a lot of these managers have seen promotions while their misdeeds have been disregarded. I had one advise me to run credit card applications for customers without their knowledge. I spoke to my District Manager about her, and she got promoted a few months later.
    - Store managers are occasionally advised to tank a year to recalibrate unrealistic goals. Annual goals are 3% of previous year performance. This causes managers to move stores.
    - Customers are usually better off financially getting their products from other banks/CUs. Lots of fees, high APRs, low APYs, and hoops to jump through.
    - Retail banking is a dying industry for Gen Y and Z
    - Too much focus on process metrics like Customer Needs Assessment and Mid-Session Reviews
    - The insurance sucks now. It was good until Jan 2012.
    - Hard to move out of retail or into high paying retail jobs, because people stay in them a long time.

    Advice to Management

    Clean out all the crooked Service and Branch Managers. See that talented and motivated retail workers have opportunities beyond the branch level.


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

See Most Recent

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