Wells Fargo Reviews in Summit, NJ | Glassdoor

Wells Fargo Summit Reviews

Updated August 28, 2018
17 reviews

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Summit, NJ

3.1
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Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
2 Ratings

17 Employee Reviews

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Pros
Cons
  • "Work life balance was a poor aspect of the job" (in 369 reviews)

  • "Can be hard to reach sales goals" (in 1271 reviews)

More Pros and Cons

  1. "Applications Support Specialist"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Contractor - Applications Support Specialist in Summit, NJ
    Current Contractor - Applications Support Specialist in Summit, NJ

    I have been working at Wells Fargo as a contractor (More than 5 years)

    Pros

    Great working environment , extremely talented team , room for growth , opportunity to work across different platforms , work from home , good work life balance

    Cons

    Relocation may be required


  2. Helpful (4)

    "Business sales consultant"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Small Business Sales Consultant in Summit, NJ
    Former Employee - Small Business Sales Consultant in Summit, NJ
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I worked at Wells Fargo full-time (More than 10 years)

    Pros

    You can make your own schedule.

    Cons

    Micromanagement to the 11th power, stress over sales numbers. The same problem that caused the account scandal is still apparent and now the pressure is activity goals instead of sales goals. If you want to give a hour summary of your weekly activities to your boss every week this job is for you!

    Advice to Management

    Stop the pressure, this place will never change.

  3. "So so"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Summit, NJ
    Current Employee - Anonymous Employee in Summit, NJ
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

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

    Pros

    Good salaries, nice people around if you are lucky

    Cons

    No place to grow now

    Advice to Management

    None


  4. "Brokerage Associate"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Brokerage Associate in Summit, NJ
    Current Employee - Brokerage Associate in Summit, NJ
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

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

    Pros

    it's a paying job. regular benefits such as health insurance.

    Cons

    Micromanaging to the extreme, role playing, reports for everything. No room for growth. The Bankers who didn't get caught for opening bogus accounts are now managers.
    -no work life balance
    -still can't trust HR.


  5. "Ok company"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Insurance Account Executive in Summit, NJ
    Current Employee - Insurance Account Executive in Summit, NJ
    Doesn't Recommend
    Negative Outlook
    Approves of CEO

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

    Pros

    Good benefits, 6% 401k match, decent PTO time, flexible hours

    Cons

    Terrible system, low raises and bonuses, not enough support people, lots and lots of compliance


  6. Helpful (1)

    "Business Development"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Business Development in Summit, NJ
    Former Employee - Business Development in Summit, NJ
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Wells Fargo (More than a year)

    Pros

    Working at Wells always opened doors and allowed for initial time to engagement with a client to be shorter than at most other smaller banks. It also had many services to be offered to help circle the client with many value add options.

    Cons

    The company is too big to be nimble or creative at the local level and decisions, sometimes even small ones, are seemingly made by folks with no direct interaction with the situation.

    Advice to Management

    Understand employee chemistry and long term potential and do not manage to the quarter. Many good people are dismissed for the numbers, without regard of how they are attained.


  7. Helpful (1)

    "Horrible"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Lead Teller in Summit, NJ
    Former Employee - Lead Teller in Summit, NJ
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    Benefits, Employees from wachovia, PTO, 401k, pay is ok

    Cons

    Employees, Goals, Environment, Customers, Service, favoritism

    Advice to Management

    Stop having favoritism and make employees feel valued.

  8. Helpful (2)

    "Wells Fargo - Summit, NJ"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Registered Client Service Associate in Summit, NJ
    Current Employee - Registered Client Service Associate in Summit, NJ
    Doesn't Recommend
    Negative Outlook

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

    Pros

    Benefits, Vacation time and Location

    Cons

    Lower salary relative to competitors


  9. Helpful (1)

    "Financial Analyst"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Financial Analyst Program in Summit, NJ
    Current Employee - Financial Analyst Program in Summit, NJ
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Culture is very friendly and managment is very helpful. Career development is highly emphasized.

    Cons

    The pay isn't very competitive.


  10. "Mortgage"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Summit, NJ
    Former Employee - Anonymous Employee in Summit, NJ
    Doesn't Recommend
    Positive Outlook

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

    Pros

    Good benefits, you can meet some really good people.

    Cons

    40-60 loan files to manage, Managers having nothing to do all day but email you on what has not been done never rolling up there sleeves to give a helping hand. Reports after reports and all they will talk about is there bonus if the team is not staying on top of all the time measurements. Good company just stay away from the mortgage division.

    Advice to Management

    Pull up you sleeves and give a helping hand to your team. It does not hurt for a manager to make a welcome call or a needs condition call.


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