Wells Fargo Reviews in Chicago, IL | Glassdoor

Wells Fargo Chicago Reviews

Updated July 20, 2017
49 reviews

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Chicago, IL

3.2
StarStarStarStarStar
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Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
6 Ratings

49 Employee Reviews

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Pros
Cons
More Pros and Cons

  1. "Excellent company to work for."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Home Mortgage Consultant in Chicago, IL
    Current Employee - Home Mortgage Consultant in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Resources, brand recognition, opportunities. Wells gives you the tools to be successful. It is up to you to use them.

    Cons

    Underpaid compared to competitors. Wells doesn't like smaller loan amounts. Tough company to break in with. Rates and costs can be higher than competition


  2. "Portfolio Manager II"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Portfolio Manager II in Chicago, IL
    Current Employee - Portfolio Manager II in Chicago, IL
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time (More than 5 years)

    Pros

    More job stability than other banks

    Cons

    Compensation is on the low end of peers

  3. Helpful (1)

    "A Great Place to Work But Ruins by Dysfunctional Management"

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

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

    Pros

    Wells Fargo has a good reputation. Offer great benefits (PTO, Medical, 401k retirement, etc). I worked with some very smart people who are also some of my closest friends.

    Cons

    Company culture is too focus on "what have you done for me lately". Client retention is irrelevant unless accompanied with strong sales, especially in the Chicago office. As a specialist, even though sales in supposed to be 25% of your scorecard, it's not treated as such. Market Director manages by spreadsheet and has no management skill of staff, and essentially creates revolving door at office. Not many staff members stick around more than 4 years. Too much subtle favoritism, sexism and racism take place.

    Advice to Management

    Focus on becoming the trusted advisor to clients rather than a salesman. Clients can see through it. High level of staff turnovers will not instill confidence in clients to trust your motivation to work with them.


  4. "Used to be a great place."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Commercial Relationship Manager in Chicago, IL
    Current Employee - Commercial Relationship Manager in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wells Fargo full-time (More than 8 years)

    Pros

    There are many smart people hired. The bank knows how to lend money and take care of customers. Work life balance is good.

    Cons

    Too much focus on new client acquisitions and cross selling. We are required to work with Product Partners, many of whom are unimpressive or the product area is irrelevant.


  5. "Slow company"

    StarStarStarStarStar
    Current Employee - Anonymous Employee in Chicago, IL
    Current Employee - Anonymous Employee in Chicago, IL
    Doesn't Recommend

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

    Pros

    People are nice and welcoming

    Cons

    No urgency to get anything done
    Constant organizational changes due to the sales scandal; hard to know who to talk to about certain matters


  6. "Corporate Banking Intern"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Anonymous Intern in Chicago, IL
    Former Intern - Anonymous Intern in Chicago, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Wells Fargo as an intern (Less than a year)

    Pros

    learned a lot about the industry, became more knowledgeable about approach to credit and lending

    Cons

    not much one-on-one interaction with my manager. did not seem like he wanted to spend time with the Intern Team


  7. Helpful (1)

    "Great reputation tarnished by management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Advisor in Chicago, IL
    Current Employee - Financial Advisor in Chicago, IL
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Co-workers - working for Wells Fargo ADVISORS and NOT bank

    Cons

    We are owned by bankers who make dumb decisions

    Advice to Management

    Put clients first and plenty of profits will follow

  8. "Wells Fargo Bank Review"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Security Engineer in Chicago, IL
    Former Employee - Information Security Engineer in Chicago, IL
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    I worked for Wells Fargo Bank as a Consultant for 18 months and completely enjoyed working there. The Staff were wonderful

    Cons

    The only problem was Wells Fargo only allowed their contract employees to work for 18 months, and once the contracted ended, they have to wait 6 months before they could renew the contract. I didn't like not having an income for 6 months.

    Advice to Management

    Extend contract for longer or allow contractor more flexibilities.


  9. "WORST PLACE EVER"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Client Analyst in Chicago, IL
    Former Contractor - Client Analyst in Chicago, IL
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wells Fargo as a contractor (Less than a year)

    Pros

    NO pros, all cons, pathetic.

    Cons

    Unprofessional, Unethical, Indecisive, Racist, Sexist, misogynistic

    Advice to Management

    It's 2017, adjust


  10. "Mortgage Consultant"

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

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

    Pros

    You get what you put into it, work hard and make good money. Lots of opportunities to generate business from other business units.

    Cons

    Had the expectation to refer mortgage clients to the banking side.


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