Wells Fargo Reviews in Palo Alto, CA | Glassdoor

Wells Fargo Palo Alto Reviews

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Found 14 reviews

4.6
StarStarStarStarStar
Rating TrendsRating Trends
87%
Recommend to a Friend
100%
Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
2 Ratings
Pros
Cons
More Pros and Cons
  1. "Best place to work"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Retail Banker in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time for more than 9 years

    Pros

    Great place to work, great management, opportunity for career advancement

    Cons

    There isn’t any that I can say.

  2. Helpful (2)

    "Everything you heard about Wells Fargo was true."

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Bank Teller in Palo Alto, CA
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Wells Fargo full-time for more than a year

    Pros

    None to be honest. It was the worst job of my life.

    Cons

    Dishonest coworkers, bosses, unethical practices. The works.

    Advice to Management

    None. You ruined a once great company.

  3. Helpful (1)

    "Personal Banker"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Personal Banker in Palo Alto, CA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Wells Fargo full-time for more than a year

    Pros

    Extremely easy and mindless job.

    Cons

    Management is pointless and mostly unhelpful.

    Advice to Management

    Stop micromanaging

  4. "Great Company"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Business Banking Specialist in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I have been working at Wells Fargo full-time for more than 2 years

    Pros

    Move up quickly in the company.

    Cons

    interesting time of transition for the company, unsure what the future holds.

    Advice to Management

    Do away with the new journal system. Specialized bankers do not need to be checked up on every single day.

  5. Helpful (1)

    "Great benefits!"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Teller in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time for more than 2 years

    Pros

    Great benefits and fun environment to work in. Lots of team building and motivation Sales incentives

    Cons

    Management is always changing High employee turnover

    Advice to Management

    Keep motivating employees with great benefits and team building!

  6. "Wealth Advisor"

    StarStarStarStarStar
    • Overall
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Wealth Advisor in Palo Alto, CA
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo for more than a year

    Pros

    Very stimulating, rewarding, and challenging environment. You'll work with great people in a very collaborative manner.

    Cons

    People are put into boxes - a natural consequence of a large publicly traded organization. A majority of employees who work there that make significant salaries either started their career there, left and came back, or were recruited in.

    Advice to Management

    There needs to be more channels to help promote within the firm. This way you will not lose so many employees to competitors.

  7. Helpful (2)

    "An army of pomp and mediocracy"

    StarStarStarStarStar
      Former Employee - Financial Analyst in Palo Alto, CA
      Doesn't Recommend
      Neutral Outlook
      Disapproves of CEO

      I worked at Wells Fargo full-time for more than 4 years

      Pros

      They will never fire you, much like the Post Office

      Cons

      Inefficient, redundant, low salary compared to market, and an aging population (260k employees total) of obsolete 2nd rate employees hiding behind their tenure and the strength of the brand. The institution got it right in 2009 and employees love touting that they were a giant in the land of dwarfs during the financial crisis. Overall, if you're young, talented, or even half way competent, go work somewhere else.

      Advice to Management

      Wake up

    • Helpful (1)

      "Financial Analyst: Commercial Banking"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Current Employee - Financial Analyst in Palo Alto, CA
      Recommends
      Positive Outlook
      Approves of CEO

      I have been working at Wells Fargo full-time for more than 4 years

      Pros

      WF really takes care of it's employees. They are a relationship based lender and this attitude works its way down through the entire corporate culture.

      Cons

      WF is BIG! No, HUGE. You can easily get lost in the sea of people and when it comes down to it, unless you are a top performer (talking 1-5%) you are really a small fish in a big pond (more like an ocean).

      Advice to Management

      Try to engage the lower lever employees and empower them. I have seen lots of turnover and it all comes back to the fact that people do not feel valued. Have more company outings, happy hours, whatever it takes to make people feel as if they are part of a team.

    • "Great leaders , customers and employees"

      StarStarStarStarStar
      • Overall
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Store Manager in Palo Alto, CA
      Recommends
      Neutral Outlook
      Approves of CEO

      I worked at Wells Fargo full-time for more than 2 years

      Pros

      Training was excellent and staff was good

      Cons

      Sales goals were unattainable and unreasonable

      Advice to Management

      Take off those sales goals

    • "A reputable company that has a great corporate vision, but it doesn't always translate onto the retail sales floor"

      StarStarStarStarStar
      • Overall
      • Culture & Values
      • Career Opportunities
      • Compensation and Benefits
      • Senior Management
      Former Employee - Licensed Personal Banker in Palo Alto, CA
      Doesn't Recommend
      Neutral Outlook
      Approves of CEO

      I worked at Wells Fargo full-time for more than 2 years

      Pros

      Energetic retail sales environment, diverse work environment, potential for growth throughout different departments, well-known company in the industry, numerous locations

      Cons

      Incentive compensation plan is not great, high turnover in the retail sales sector, favoritism exists, some personal bankers are out for their own personal agendas, salary not enough to compensate for the stress brought upon by unreasonable sales goals

      Advice to Management

      Have the Retail Managers, and the District Managers re-read the Vision and Values brochure to ensure that the company is really "customer-centric, and not product-centric." Stores may say they do things right the first time for the customer, but the reality is that the unreasonable daily sales goals promote a product-centric environment that eventually deteriorates the relationships the company has already built with...

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    Found 14 reviews