Wachovia Reviews | Glassdoor

Wachovia Reviews

140 reviews

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2.0
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Approve of CEO
Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
34 Ratings

140 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
More Pros and Cons

  1. "Not a healthy culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President of Investments
    Former Employee - Vice President of Investments
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    There is room for advancement

    Cons

    Depending on the branch it was a cut throat enviroment

    Advice to Management

    Could be more forthcoming about changes in the company


  2. "Bank teller- beware"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller in Lynchburg, VA
    Former Employee - Bank Teller in Lynchburg, VA
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Friendly environment, good hours, paid holidays and great health benefits

    Cons

    sales goals were almost impossible to meet with being unethical

  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. "Ok"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Teller in Virginia Beach, VA
    Former Employee - Teller in Virginia Beach, VA
    Doesn't Recommend
    Approves of CEO

    Pros

    Good training classes and facility.

    Cons

    No room to move up

    Advice to Management

    Help promote from the inside


  5. "Aggressive Sales Tactics"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Winchester, VA
    Former Employee - Anonymous Employee in Winchester, VA
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good training program for new employees

    Cons

    Overly aggressive sales strategy - no true customer relationship building; seems to be little concern for employees' interests; lots of praise for unethical employees who sell anything to any customer whether they need it or not.

    Advice to Management

    Build relationships with yor employees and it will trickle down in their relationships with your clients.


  6. "Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend

    I worked at Wachovia full-time

    Pros

    Ample vacation time, good benefits, good people.

    Cons

    Micromanagement as a virtue tough to swallow.


  7. "Popularity contest in Derivative Operations"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Charlotte, NC
    Former Employee - Anonymous Employee in Charlotte, NC
    Doesn't Recommend
    No opinion of CEO

    I worked at Wachovia full-time (More than 5 years)

    Pros

    Willing to pay for external talent...Charlotte is an excellent city to live in. Good place to work if learning and not interested in promotion or questioning policies/processes/procedures. Plenty of good people, unfortunately they are not in management.

    Cons

    Very difficult to promote/transfer internally for high level performers. High level will often be kept in their current position and not allowed chances to grow or change. Less talented employees who focus on popularity contests are more easily promoted and then re-shuffled when they fail. Ethics are not highly regarded and mgmt shows no interest in generating a positive work atmosphere. Highly ethical individuals might become uncomfortable over time.

  8. "sad"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Wachovia full-time

    Pros

    over time pay was good

    Cons

    had to keep selling to get good reviews

    Advice to Management

    set real goals for sales


  9. "Too Long"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Bank Teller in Morrisville, NC
    Current Employee - Bank Teller in Morrisville, NC
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    Good benefits, regular hours. Other than that, not much.

    Cons

    No room for creativity in the least. If you do well, they make it more difficult for you until you can't do well.

    Advice to Management

    Don't move your top performers to a position where they can't keep that up


  10. "Management needs lots of work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Bank Teller in New York, NY
    Former Employee - Bank Teller in New York, NY
    Doesn't Recommend
    Disapproves of CEO

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

    Pros

    Great environment, lots of young professionals, room for growth if you are interested.

    Cons

    Teller staff is never more than two people at the window sometime one person until 10 am. Lots of favoritism, unorganized management.

    Advice to Management

    Needs to be more organized, take interest in the staff, and stand up for your staff.


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