Wells Fargo Reviews in New York, NY | Glassdoor

Wells Fargo New York Reviews

Updated March 17, 2018
151 reviews

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New York, NY

3.6
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Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
17 Ratings

151 Employee Reviews

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Pros
Cons
  • Work/life balance can be non existent depending on your business line (in 354 reviews)

  • No "product sales goals" have been replaced by "branch growth" (in 1249 reviews)

More Pros and Cons

  1. "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


  2. "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

  3. 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.


  4. "Better Now that sales goals are gone"

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

    Pros

    Great pay and benefits and there was a lot of opportunity to climb the corporate ladder there. I also enjoyed all the celebrations and getting rewarded for good work.

    Cons

    Stressful sales goals made it a bad work environment. I felt the tension everyday. My manager had conference calls everyday just to explain what we were to doing to meet goals when we didn’t meet the sales goals.

    Advice to Management

    People are humans and not numbers. Stop treating employees like they are disposable.


  5. "Wells Fargo Private Mortgage Bank - New York, NY 150 E. 42nd St"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Junior Mortgage Banker in New York, NY
    Current Employee - Junior Mortgage Banker in New York, NY
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Comfortable and modern offices, opportunities to earn good $ money for some people, ongoing training available

    Cons

    The long time managers take care of their friends and the rest of the employees are left to fend for themselves.

    Advice to Management

    Improve communication and transparency. Leave the nepotism behind.


  6. "Good people bad brand"

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

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

    Pros

    Work with some very smart driven minds who come from all walks of life. Doctors and lifers in finance so a diverse group

    Cons

    Brand has taken serious hits and that translates into business generation which is something that goes without saying. People greater than brand

    Advice to Management

    Separate investment bank and change the name


  7. "Solid 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
    Neutral Outlook
    Approves of CEO

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

    Pros

    I enjoyed my time working for the firm. Good leadership.

    Cons

    None that I can say here.

    Advice to Management

    Give more responsibility to the younger workforce.

  8. "Great Place to Work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Intern - IB Summer Analyst in New York, NY
    Former Intern - IB Summer Analyst in New York, NY
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Great people, great culture, awesome job.

    Cons

    There can be long hours

    Advice to Management

    keep doing you


  9. "No Major Complaints from Back Office"

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

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

    Pros

    No pressure re: Sales in back office Operations
    No overtime pressures

    Cons

    Advancement limited by geographic distance from Home Office

    Advice to Management

    Allow local managers more leeway in administration; Home Office is not always right.


  10. "Great Firm"

    StarStarStarStarStar
    Current Employee - Investment Banking Associate in New York, NY
    Current Employee - Investment Banking Associate in New York, NY

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

    Pros

    Great Culture, Work Life Balance, Long-term business Strategy

    Cons

    Weak middle ranks, a lot of red tape


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