Wells Fargo Reviews in New York City, NY | Glassdoor

Wells Fargo New York City Reviews

Updated November 10, 2018
352 reviews

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New York City, NY Area

3.1
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Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
46 Ratings

352 Employee Reviews

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Pros
Cons
  • "Work life balance was a poor aspect of the job" (in 369 reviews)

  • "Can be hard to reach sales goals" (in 1271 reviews)

More Pros and Cons

  1. "Personal Banker"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Newark, NJ
    Former Employee - Anonymous Employee in Newark, NJ

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

    Pros

    Great company! Detailed training. They love to promote from within and ensure they provide train to get you to the next level.

    Cons

    Nothing except for the bad media.


  2. "Mortgage Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Mortgage Sales Associate in New York, NY
    Former Employee - Mortgage Sales Associate in New York, NY

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

    Pros

    Opportunity to work for a world class company and along side some very smart people

    Cons

    Many layers of management. No one seemed to take charge.

    Advice to Management

    Better communication

  3. "Summer Financial Analyst - Middle Market Banking"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - Summer Financial Analyst in New York, NY
    Former Intern - Summer Financial Analyst in New York, NY

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

    Pros

    Great exposure to deals and clients, comprehensive training program and well known brand name. Great culture in wholesale banking - people are generally very nice and helpful opposed to many other banks.

    Cons

    Wells has a lot of management issues at the moment and it is affecting all areas of the business. A lot of internal turmoil, which does not seem like it will let up anytime soon.

    Advice to Management

    Fix issues once and for all so the employees and offices that have nothing but the highest standards of integrity can move on from all the scandals.


  4. "Interesting Experience"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Quality Assurance Analyst in New York, NY
    Current Contractor - Quality Assurance Analyst in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I have been working at Wells Fargo as a contractor (Less than a year)

    Pros

    Minimal micromanagement and openness to new ideas

    Cons

    Extremely disorganized with no clear direction or sense of leadership

    Advice to Management

    Pay more attention to what your employees, who is capable of what, who is actually getting their work done and who is just pretending to


  5. "FRA - Financial Relationship Advisor"

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

    I have been working at Wells Fargo (More than 3 years)

    Pros

    Hours, getting your insurance and securities licenses, some corporate benefits, some colleagues, and a negotiated salary.

    Cons

    Old habits are hard to get rid off... can NEVER quit smoking. There are too MANY, "YES, men and women" within this organization. And middle management and/or immediate supervisors are too afraid to take on new ideas and challenges from employees (looking out for themselves; don't wanna rock the boat/cause ripples).

    Advice to Management

    Revamp


  6. "Good company to work in"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Initiatives Consultant in New York, NY
    Former Employee - Business Initiatives Consultant in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Most Processes are streamlined and efficient. In my experience it is a very team oriented company.

    Cons

    Too much bureaucracy for simple requests. Favoritism during departmental restructuring.

    Advice to Management

    Look into your available resources skills more while choosing them for roles.


  7. Helpful (1)

    "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Personal Banker in Hoboken, NJ
    Former Employee - Personal Banker in Hoboken, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Wells Fargo full-time (More than 3 years)

    Pros

    Great clientele and coworkers. Plenty of fun networking and volunteer events to attend.

    Cons

    Micromanagement. No clear sales goal after the accounts being illegally opened hit the news. Lots of politics to advance. Upper management treats employees like children. Promised every other Saturday off, but was never granted that. Worked Monday - Saturday every week. Started at 42k two years ago. After they eliminated the commission structure, they were bringing new bankers with no experience or training in at 50k. I received no pay adjustment or raise.

    Advice to Management

    Change existing management and have clear goals.

  8. "Teller"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Teller in East Brunswick, NJ
    Current Employee - Teller in East Brunswick, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Even as a part time employee i get benefits package and i have a flexible scheduling. Good working environment.

    Cons

    Hard to move up and not completely rewarding

    Advice to Management

    Managers should encourage and appreciate employees more often.


  9. "Growth Opportunity"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Premier Banker in New Brunswick, NJ
    Current Employee - Premier Banker in New Brunswick, NJ
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Advancement opportunities, competitive pay

    Cons

    Micromanagement, Outdated Tech, and Negative customer impression

    Advice to Management

    More education and better training


  10. Helpful (1)

    "Business Sales Consultant- Bad Company Culture- Fear of Termination Constantly"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Small Business Sales Consultant in Toms River, NJ
    Current Employee - Small Business Sales Consultant in Toms River, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    can be profitable
    good benefits
    good retirement
    worklife balance

    Cons

    awful company culture
    fear of constant termination due to unforeseen reasons 5+ years ago
    issues with fed prevent any feeling of calm in workforce
    limited upward mobility
    management is lacking in some divisions
    feeling of being the "bad guy" when approaching some clients due to banks past mistakes

    Advice to Management

    defend your employees when HR brings up issues from the past which impact current career path (5+ years ago).


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