Wachovia Reviews | Glassdoor

Wachovia Reviews

Updated July 18, 2017
380 reviews

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Current Employees

3.3
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Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
100 Ratings

380 Employee Reviews

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Pros
  • They hire top notch people, have top notch training and good benefits (in 60 reviews)

  • Great benefits to employees including starting with 18 days of PTO (in 38 reviews)

Cons
  • none - focused direction great locations great customer service (in 22 reviews)

  • Upper management gave lots of pressure for branch to meet its goals (in 20 reviews)

More Pros and Cons

  1. "Sr. Compensation Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Compensation Consultant in Avon Lake, OH
    Current Employee - Compensation Consultant in Avon Lake, OH
    Recommends
    Positive Outlook
    Disapproves of CEO

    I have been working at Wachovia (Less than a year)

    Pros

    Strong employee culture with progressive HR policies

    Cons

    It becomes a numbers game in large organization. Career growth can become a challenge


  2. "Good"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Home Mortgage Consultant in Greensboro, NC
    Current Employee - Home Mortgage Consultant in Greensboro, NC
    Recommends
    Negative Outlook

    I have been working at Wachovia (Less than a year)

    Pros

    Great culture, benefits and technology are great.

    Cons

    Recent scandals have caused reputation to decline which makes it harder to sell.

  3. "large corporation"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Loan Officer in Washington, DC
    Current Employee - Commercial Loan Officer in Washington, DC
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    Pros

    large coproration, large footprint and well known

    Cons

    too big to control sometimes, bad news from other business affect other internal business

    Advice to Management

    treat team members same way you wish to be treated


  4. "Planning Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Fairfax, VA
    Current Employee - Analyst in Fairfax, VA
    Recommends
    Negative Outlook

    I have been working at Wachovia full-time (More than a year)

    Pros

    Very flexible hours, good bonus

    Cons

    No overtime pay, no benefit


  5. "Great place to work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    Pros

    Awesome team setting with great support and recognition. Monthly team meetings for questions and concerns to be addressed. You get your own cubicle and could answer phones at your own pace, although there were incentives for meeting quotas.

    Cons

    You get a lot of upset customers calling in and they can get pretty nasty over the phone without gave to face interactions. It can get very emotionally draining after awhile.

    Advice to Management

    Keep the support strong and allow your employees to take a couple minutes to recharge after especially difficult phone calls. Recognize good customer service and offer incentives!


  6. "I miss this place."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Richmond, VA
    Current Employee - Anonymous Employee in Richmond, VA
    Recommends
    Positive Outlook

    Pros

    The people I worked with were fantastic. Great location, outstanding cafeteria, and the work kept us busy without giving us non-stop headaches. All in all, a wonderful place to work.

    Cons

    None that I can think of right now.

    Advice to Management

    Always keep it real.


  7. "Teller manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller Manager in Virginia Beach, VA
    Current Employee - Teller Manager in Virginia Beach, VA
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Wachovia full-time (More than 10 years)

    Pros

    Great peers, nice incentives, and easy to understand products when it came time to sell. Location very close to home.

    Cons

    heavy emphasis on selling, and no such thing as bankers' hours. Upper management gave lots of pressure for branch to meet its goals.

    Advice to Management

    don't forget where you came from, and be more present to touch base with employees.

  8. "great"

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

    I have been working at Wachovia full-time

    Pros

    Room for advancement, tuition reimbursement

    Cons

    The collapse of Wachovia National Association


  9. "Great experiance , Great people"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Vice President in Charlotte, NC
    Current Employee - Vice President in Charlotte, NC
    Recommends
    Positive Outlook
    No opinion of CEO

    I have been working at Wachovia full-time (More than 3 years)

    Pros

    great work life balance

    Cons

    Pay is often sub market

    Advice to Management

    reduce dead weight


  10. "Best banking comp plan"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker II
    Current Employee - Personal Banker II
    Recommends
    Negative Outlook
    Disapproves of CEO

    I have been working at Wachovia full-time (More than 3 years)

    Pros

    Comp plan, sales does not report to branch manager, provide tools to succeed and exceptional training, allow employees to easily transfer between departments.

    Cons

    Work life balance, have to work occasional weekends, went out of business, not flexible considering improvements that can be made to current processes

    Advice to Management

    Promote people that have demonstrated the ability to deliver and not based on how long someone has been there. Be more open to process changes.


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