Wells Fargo Reviews in New York, NY | Glassdoor

Wells Fargo New York Reviews

Updated December 26, 2018
164 reviews

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New York, NY

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

164 Employee Reviews

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Pros
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  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. "Vice President"

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

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

    Pros

    Stability, bonus structure, lateral mobility across the organization

    Cons

    Culture is often too conservative

  3. "Summer Analyst"

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

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

    Pros

    The pay was good and the work itself was not very difficult

    Cons

    The hours were terrible. I would get in at 7 or 7:30 to beat my boss into work and I wouldn't leave until 10, 11, or even 1am some times


  4. "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


  5. "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.


  6. "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


  7. "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

  8. 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.


  9. Helpful (1)

    "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!


  10. 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.


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