Wells Fargo - Very good place to start and end your career | Glassdoor
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There are newer employer reviews for Wells Fargo

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Helpful (1)

"Very good place to start and end your career"

StarStarStarStarStar
  • Work/Life Balance
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Former Employee - Research Analyst in San Francisco, CA
Former Employee - Research Analyst in San Francisco, CA
Recommends
Approves of CEO

Pros

great benefits, 25 days of vacation, stability,

Cons

a lot of politcs, very old school, a slow moving ship, hard to switch from banking to IB, some managers want their start power

Advice to Management

maintain focus on the employee and control middle managers

Other Employee Reviews for Wells Fargo

  1. Helpful (3)

    "Disconnect between vision and values and what really happens"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Consultant in Reno, NV
    Current Employee - Consultant in Reno, NV
    Doesn't Recommend
    Approves of CEO

    Pros

    *Great benefits
    *Easy to advance
    *Amazing products
    *CEO is one of a kind
    *Training is world class
    *Recognition programs
    *Competitive products and services

    Cons

    *Mid-level managers are not held accountable for treating employees poorly
    *Individuals are incented based upon quantity not quality
    *Process to report ethical issues is not confidential
    *Some DMs and RPs ignore unethical/ questionable behavior to achieve sales goals
    *Some DMs are RPs are unprofessional
    *Promotions are based upon politics instead of fair hiring practices. Often people are selected for jobs long before positions are posted. It's based upon cliques and biases rather than true talent.

    Advice to Management

    *Executive leaders need to spend more time in the regions - observing and talking to employees. If you only knew what people really thought about the practices and leadership at WF.
    *Leverage consultants to distribute and facilitate Q12 action plans - employees are berated for giving honest feedback which causes them to give 5s on the survey
    *Change ethics reporting system: non-interested parties should conduct investigations not the DMs in charge of the market
    *Managers should not be eligible to receive incentive unless their whole team achieves incentive and they should not receive incentive if they have complaints against them of unethical practices
    *Develop your DMs and RPs!
    *Executive leadership maintains that we are decentralized and that decisions are made where the employees/ customers are... need to spend more time in markets. RPs & DMs make decisions for their own benefit... not the customer or employee.
    *Company maintains employees should have work/ life balance. Why then do managers work 6-7 days per week? Should include a question on the Q12 assessment to see if employees truly feel as though WF promotes work/ life balance.


  2. Helpful (8)

    "It's great if you like stability (for now, anyways)"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Processor in San Francisco, CA
    Current Employee - Processor in San Francisco, CA
    No opinion of CEO

    Pros

    WF is one of the few companies in SF that continues to hire through the downturns.
    One of the benefits is the number of paid days off.
    The corporate offices are in a great location.
    Dress code is "Business Casual."

    Cons

    Rows and rows of grey cubicles with people blabbing on headsets.
    You are rewarded for your hard work with a low raise.
    Managers are promoted without a clue as to how to manage people.
    Although they claim to celebrate diversity, everyone seems the same.
    The "culture" is really boring. work-work-work.
    Everyone eats lunch at their desk
    I notice a lot of stressed out co-workers.

    Advice to Management

    Although WF pretends to care about its employees my mandating an annual survey where you rate your manager "anonymously." When the results come in, the employees, as a group are confronted with the outcome and are basically tasked with their own plan to improve their own situation. This can be a good thing, but really, nothing changes.

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

See Most Recent

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