Wells Fargo Reviews in New York, NY | Glassdoor

Wells Fargo New York Reviews

Updated October 5, 2018
158 reviews

Filter

Filter

New York, NY

3.1
StarStarStarStarStar
Rating TrendsRating Trends
Recommend to a friend
Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
22 Ratings

158 Employee Reviews

Sort: PopularRatingDate

Pros
Cons
  • "Work life balance was a poor aspect of the job" (in 367 reviews)

  • "Can be hard to reach sales goals" (in 1265 reviews)

More Pros and Cons

  1. "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.


  2. Helpful (1)

    "Relationship Manager"

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

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

    Pros

    Co-workers are dedicated and want to do a good job.

    Cons

    Company reputation has led to a stressful environment. Embarrassed to tell people who I work for. Leadership "manages up", and is totally disconnected from the line.

    Advice to Management

    Stop with the "talking points" and hiding behind doors. Roll up your sleeves and get in the trenches with your staff.

  3. "Investment Banking Associate"

    StarStarStarStarStar
    Former Employee - Investment Banking Associate in New York, NY
    Former Employee - Investment Banking Associate in New York, NY
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Great stock to potentially short.

    Cons

    Wells Fargo Securities fired a bunch junior, and sometimes even senior, staff for violating the expense policy. For some people, it was accidentally ordering food just a few minutes prior to the 6:30pm deadline just one time in his/her career. They reviewed receipts going back three and four years. They ruined careers.

    Advice to Management

    Wells Fargo is officially too big to be fixed. The culture is toxic and permeates everyone - from senior to junior staff members. You don't realize it until you leave. My advice is to do shareholders a favor and break the bank apart!


  4. Helpful (1)

    "HATE THIS PLACE"

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

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

    Pros

    none at all. The place is run by idiots

    Cons

    Everything is wrong with it. Such an unethical company.

    Advice to Management

    Quit. Remove yourself as you are the problem.


  5. "Overall a good company."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Loan Processor in New York, NY
    Current Employee - Loan Processor in New York, NY
    Recommends
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good 401k. They match up to 6%

    Cons

    Lots of micromanage as a loan processor.


  6. Helpful (1)

    "Financial Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Financial Advisor in New York, NY
    Former Employee - Financial Advisor in New York, NY
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    None to think of now

    Cons

    Too many to list here

    Advice to Management

    Stop letting compliance drive the business


  7. "Investment Banking Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Investment Banking Associate in New York, NY
    Current Employee - Investment Banking Associate in New York, NY
    Doesn't Recommend
    Positive Outlook
    Approves of CEO

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

    Pros

    relatively flat structure, large platform

    Cons

    extremely strict, unforgiving, HR is the Gestapo

    Advice to Management

    treat employees like people who sometimes make mistakes

  8. "Buisness Analyst"

    StarStarStarStarStar
    Current Employee - Business Analyst in New York, NY
    Current Employee - Business Analyst in New York, NY

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

    Pros

    Flexibility and great enviorment to work
    Not mocromanaged

    Cons

    As a contractor you have limited months to work in Wells


  9. "Director"

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

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

    Pros

    Some great people there, most of whom are there due to previous mergers

    Cons

    Management needs to do a better job of culling underperformers


  10. Helpful (1)

    "Fast promotions, heavy micromanagement..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in New York, NY
    Current Employee - Personal Banker in New York, NY
    Recommends
    Neutral Outlook
    Approves of CEO

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

    Pros

    Great place to learn a lot about the banking world! Meet a lot of people! The promotions are fast as long as you earn them. No sales goals! Solely customer service based. Most branches work together really well as a team.

    Cons

    The micromanagement has to be the number one problem with Wells Fargo! They place you under a scope and observe your transactions constantly. The worst part is that as perfect as a transaction can go. The observation form forces them to give an “area of improvement”. Which in turn becomes the only important thing on the observation.
    Most branches are never fully staffed.
    A lot of corporate ideas are forced on you that are supposed to guide your transaction but truly does not help in any way and makes you sound like a robot.
    Meetings make employees feel like there being brainwashed and forced ideas of the company.
    SURVEYS THAT CLIENTS TAKE LITERALLY DICTACTE YOUR LIFE. A pissed off client can give a “bad shop” and ruin payout. If we don’t get all perfect scores then the branch goes through a meltdown. It’s supposed to show how well we do as a branch yet clients are randomly selected to take the survey. Which actually means it is in no way a representation of the branch. Audit season is so stressful....

    Advice to Management

    Please don’t force management to enforce corporate ideologies from people who have not worked hands on with real clients in the field for years. Times have changed and no real human client cares for kissing up to them. Learning to truly care for people to help them achieve their goals is what allows me to win in the long run with clients. Change how you oversee the branch level customer service aspect.


Showing 158 of 20,589 reviews
Reset Filters