Wells Fargo Reviews in Chicago, IL | Glassdoor

Wells Fargo Chicago Reviews

Updated August 18, 2018
85 reviews

Filter

Filter

Chicago, IL Area

3.2
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
16 Ratings

85 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • "Work/life balance can be non existent depending on your business line" (in 362 reviews)

  • "sales goals were a major part of the job" (in 1264 reviews)

More Pros and Cons

  1. "Benefits"

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

    I have been working at Wells Fargo full-time

    Pros

    Strong PTO days from day 1 (23 days + 13 holidays); 16 week maternity leave

    Cons

    Sometimes pays under market pay


  2. "Wells Fargo Advisors"

    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
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Midwestern values, more Main Street than Wall Street

    Cons

    Advisor comp plan has production hurdles before higher payout rate applies. Hurdle incentivises advisor to push higher commission products in order to reach higher payout rates sooner.

    Advice to Management

    Remove production hurdles and lower average payout rate. Also, keep the company out of the headlines.

  3. "Premier Banker"

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

    I have been working at Wells Fargo full-time

    Pros

    Base pay is pretty good.

    Cons

    Bad management and too much bureaucracy.


  4. "Premier Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Premier Banker in Elmhurst, IL
    Current Employee - Premier Banker in Elmhurst, IL
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great pay, paid time off and benefits

    Cons

    Will be a lot of branch closures soon.


  5. "Hours, work days, love what I do as a Senior Client Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Client Service Associate in Merrillville, IN
    Current Employee - Senior Client Service Associate in Merrillville, IN
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Hours, work days. Love working in operations. Very professional work place. Great volunteer opportunity. Our manager does an amazing job at promoting an encouraging, positive environment.

    Cons

    Not fair pay, no bouns. Not enough recognition of how the client associate is a big part of Financial Advisors business growth.

    Advice to Management

    Could work better with providing better understanding to Financial Advisor on how appreciation to client associate makes a difference in the grow of their business.


  6. "Commercial Distribution Finance Desires A lot to learn about diversity and inclusion"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Operations Analyst - Program Associate in Hoffman Estates, IL
    Former Employee - Operations Analyst - Program Associate in Hoffman Estates, IL
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    Household name, stability, and some of the ethical people who make your time their enjoyable

    Cons

    The environment created at the line of business Well Fargo acquired from GE Capital known as Commercial Distribution Finance proved to be unhealthy in just 2 months into my experience. Particularly, the Program Services department displayed weird, cultish behavior. This line of business despised having been acquired by Wells Fargo, and did not uphold the company values. Their idea of diversity & inclusion is contracting a bunch of African Americans, making them prove themselves before hired on as employees and treating them subpar (actions & behaviors) meanwhile. Family members and friends are hired on, and favored creating an unethical, unhealthy, and cult-like environment with limited opportunities for others. Being a true orange personality with a level of confidence, zeal, and creativity, this was not the environment for me. Be aware of employment agency, Insight Global who works with this division/department. Both will insult your intelligence, lie to you to reel you in, and preserve a bigger salaries for their friends & family. The starting salary for the Program Associate position is laughable unless you are truly entry level in your career.

    Advice to Management

    Micromanaging does not increase productivity, and certainly limits creativity. It is disadvantageous and insulting to fill contractor roles with 90% African Americans.


  7. "Good company to work for"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Collections Specialist in Hoffman Estates, IL
    Former Employee - Collections Specialist in Hoffman Estates, IL
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Wells Fargo full-time (More than 10 years)

    Pros

    Good company to work for - excellent benefits - good work life balance

    Cons

    the only con I would say is too much micromanagement in collections

    Advice to Management

    allow collectors to do their job, they are the experts at what they do

  8. "Commercial Leader"

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

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

    Pros

    Awesome company, really cares about the customer.

    Cons

    Bad press caused by poor behaviour in retail banking.

    Advice to Management

    None, they are doing the right things.


  9. "Shady Practices"

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

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

    Pros

    Lots of growth potential
    Good benefits

    Cons

    They care much more about money and meeting goals than they do their customers or employees.
    They will push you, especially if you are in a metrics based positions.
    No flexibility (work life balance)
    No autonomy in your job (no matter what position you have or how senior)

    Advice to Management

    Care more about people.


  10. Helpful (1)

    "good company"

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

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

    Pros

    great benefits with lots of PTO

    Cons

    cant complaint its all good


Showing 85 of 20,354 reviews
Reset Filters