Wells Fargo Reviews in Raleigh, NC | Glassdoor

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Wells Fargo Raleigh Reviews

Updated February 15, 2018
119 reviews

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Raleigh, NC

2.9
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Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
11 Ratings

119 Employee Reviews

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Pros
Cons
  • Not much of a work/life balance (in 348 reviews)

  • Management and sales goals are hard to achieve (in 1233 reviews)

More Pros and Cons

  1. "Vice President"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Business Development in Raleigh, NC
    Former Employee - Vice President Business Development in Raleigh, NC
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Wells Fargo full-time (More than 8 years)

    Pros

    Flexibility, goal oriented and fast paced

    Cons

    Work life balance and opportunity for advancement


  2. Helpful (1)

    "VP Financial Crimes"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Vice President Financial Crimes in Raleigh, NC
    Former Employee - Vice President Financial Crimes in Raleigh, NC
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Good salaries, pay is somewhat high.

    Cons

    Many people are not good people, don't have people skills.

  3. Helpful (1)

    "Investment Advisor"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Investment Advisor in Raleigh, NC
    Former Employee - Investment Advisor in Raleigh, NC
    Doesn't Recommend
    Positive Outlook
    No opinion of CEO

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

    Pros

    Great benefits, ability to move up, lots of events that you get to attend with customers, lots of PTO

    Cons

    It was high pressure in the sales arena, but sounds like that has changed quite a bit

    Advice to Management

    Listen to your branch employees on the front lines for suggestions, usually our opinions were just ignored


  4. "PB2"

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

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

    Pros

    Being employed. Many of the customers.

    Cons

    Toxic environment. Bankers and manager with no scruples. Financial Advisor not being supervised. No privacy for customers. If you say something to HR you will be a big target. Retributionis accepted.

    Advice to Management

    Clean house from managers boss o down.


  5. "Could be better"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Credit Investigator in Raleigh, NC
    Current Contractor - Credit Investigator in Raleigh, NC

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

    Pros

    No micro managing
    Clear project direction

    Cons

    Lack of transparency
    No continuing education

    Advice to Management

    Tell your employees what your strategy is, could be beneficial


  6. Helpful (1)

    "Ehh"

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

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

    Pros

    National perks and discounts, good amount of paid time off, decent salary for external hires.

    Cons

    Political environment, expiring paid time off with little carry over, no holiday bonus, team metrics with no individual metrics for promotion, promotions based off managements opinion of performance, poor HR team and assistance for team members.

    Advice to Management

    Individual metrics should be considered on numbers and interactions, not off opinions. Lessen the political environment so advancement is based off merit instead of opinion.


  7. "Collector 3"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Collector in Raleigh, NC
    Current Employee - Collector in Raleigh, NC
    Doesn't Recommend
    Positive Outlook

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

    Pros

    1. The money. 2. Benefits. 3. Corporate Discounts

    Cons

    1. The hours are a bit much. They change your schedule suddenly and then you are forced into the schedule or. You have to quit or work the hours given. They up and change your bonus structure without warning and you go from making great money to a prorate bonus. They single out certain teams and mistreat the others. It's a decent job if you are not looking for anything long term inn that environment but they will advance u quickly

    Advice to Management

    Treat everyone equally. And start to. Practice what you preach because they still are conducting illegal practices

  8. "Home Mortgage Consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Home Mortgage Consultant in Raleigh, NC
    Current Employee - Home Mortgage Consultant in Raleigh, NC
    Disapproves of CEO

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

    Pros

    Good benefits package, medical coverage is comprehensive, 401-k match is healthy.

    Cons

    They are the biggest, so with that comes all the red tape, as the scrutiny on them is the highest. Latest scandals don't make them look good as a brand. Commission structure is not competitive, especially if the loan is a refinance of a current wells fargo mortgage. Similar to other big banks commission package. If you want to earn more money, you need to work at a smaller company, broker banker etc. who will pay you more basis points for self sourced business. Wells Fargo provides a fair amount of leads, but pays you significantly less because of this. You could make as much money or more on one or two loan closings somewhere else, as you could with four or five at Wells Fargo.

    Advice to Management

    Pay higher commission percentage, better loan fulfillment operations.


  9. "Personal Banker"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Personal Banker in Raleigh, NC
    Current Employee - Personal Banker in Raleigh, NC
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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

    Pros

    Benefits are good, lots of opportunity in big cities, sales goals are currently gone from Retail

    Cons

    Lots of political games, managers give positions to their friends who haven't done the work for it, too many chiefs and not enough workers, branches are short staffed across the board, not enough development opportunities, branch managers are often too occupied to assist with training or development because they are always on calls with their boss.

    Advice to Management

    Stop cutting back on your branch employee numbers, we are the lowest paid and the most important to your image. If we are asking to be developed in our roles, help us.


  10. "Mortgage Processing"

    StarStarStarStarStar
    Former Employee - Anonymous Employee in Raleigh, NC
    Former Employee - Anonymous Employee in Raleigh, NC

    I worked at Wells Fargo (Less than a year)

    Pros

    good benefits, good hours, plenty of job security

    Cons

    disorganized loan center, revolving door for employees


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