Wells Fargo Reviews in Toronto, ON | Glassdoor

Wells Fargo Toronto Reviews

6 reviews

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Toronto, ON (Canada)

2.7
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Approve of CEO
Wells Fargo CEO Timothy J. Sloan
Timothy J. Sloan
2 Ratings

6 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 1270 reviews)

More Pros and Cons

  1. "Excellent culture"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Credit Analyst in Toronto, ON (Canada)
    Former Employee - Credit Analyst in Toronto, ON (Canada)
    Recommends
    Positive Outlook
    Approves of CEO

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

    Pros

    Very down to earth mentality from senior management; one of the few banking environments where career longevity seems like a positive.

    Strong balance sheet and risk appetite. Excellent credit knowledge.

    Cons

    Pay is lower compared to other banks; focus is heavily on lending products and retail. Capital markets division is something that needs to be improved.

    Internal "chat" function monitors your speech so if you swear, they chastise you. Not a great thing in a banking environment...

    Can seem less intense than other banks, which may be a negative to type A personalities.

    Not great employee training, but they are working to improve this (maybe I was spoiled at my last employer)

    Advice to Management

    Keep doing a great job.


  2. Helpful (5)

    "An American company with American values"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Current Employee - Anonymous Employee in Toronto, ON (Canada)
    Neutral Outlook
    No opinion of CEO

    Pros

    - job security
    - compassionate mid-level and upper-level management
    - pays up to 9% into an RRSP/NRSP (3% default, 6% matched)
    - good insurance package
    - free coffee
    - new offices in some locations
    - company appears to love diversity & equal opportunity
    - lots of competent, talented people

    Cons

    - catty Mean Girls/frat boy atmosphere depending on the team you're in
    - some silent acceptance of racist comments from certain individuals; company as a whole, however, does not espouse this kind of philosophy
    - unspoken pact among team members that you work over the allotted 7.5 hours/day (or else they will complain)
    - subtle encouragement to eat at your desk & work through lunch
    - many rude entry-level workers and self-serving middle managers
    - many cuts recently due to transition from GE to Wells Fargo
    - projects take forever to get executed because there will be 700 calls about them, which makes work very unrewarding sometimes
    - basically nonexistent work-life balance, expected to be at the office at all times unless you're in sales, in which case you're expected to be on the road at all times - double standard on policies about working from home
    - limited vacation windows; you'll never be able to take holiday during Christmas/New Year's or during any other end-of-quarter month
    - virtually no training. Learning is done almost entirely through trial and error
    - limited communication and harmonization between and among teams; one question will solicit 6 different answers from 6 different people
    - no sense from upper-mid-management about deadlines for projects and sideline administrative tasks; all work seems to come due end-of-year when everyone is already exhausted with normal work & holiday preparations. Work always ebbs and flows and is never constant; in the down periods you are expected to twiddle your thumbs & stare at your email inbox

    Advice to Management

    Stop hiring babies, get focused, stop being so cheap to your employees, and make it clear that diversity is one of your most important values through means other than through a news bulletin nobody reads. Invest in your employees and train them properly to gain an edge in the market.

  3. "Horrible Experience!!!!"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Head Office Management in Toronto, ON (Canada)
    Former Contractor - Head Office Management in Toronto, ON (Canada)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

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

    Pros

    Friendly coworkers and nice office setting.

    Cons

    Communication was either non-existent or inadequate. HR and managers constantly flip flopped on their decisions. One day they would say one thing, then the next day it was another thing. I was not given adequate resources to perform my job, which by established industry standards was enough work for several people (not just one person).

    Advice to Management

    Advice to Management... Close shop in Canada.
    Advice to Canadian workers: DO NOT WORK FOR WELLS FARGO CANADA... no matter how desperate you are for a job.


  4. "World Class Company...Small Footprint in Canada"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Credit Risk Analyst in Toronto, ON (Canada)
    Current Employee - Credit Risk Analyst in Toronto, ON (Canada)
    Recommends
    Positive Outlook

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

    Pros

    High quality, recognizable company with a strong financial position to provide above market benefits and training opportunities

    Cons

    Very small footprint in Canada with limited upward mobility in several business units.


  5. Helpful (1)

    "Wells Fargo Financial Corporation Canada closed it's doors in the Canadian market for consumer lending."

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Manager in Toronto, ON (Canada)
    Former Employee - Manager in Toronto, ON (Canada)
    Approves of CEO

    Pros

    Good Salary, GREAT BENEFITS.
    very good company structure, clear objectives, polices and procedures in place
    professional

    Cons

    To many changes to fast, the changes made did not compliment the Canadian market.
    Expectations were to high with the targets given to the branch employees
    Work load for head office employees were at times excessive and unrealistic

    Advice to Management

    N/A


  6. Helpful (2)

    "avoid working here"

    StarStarStarStarStar
    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior PC/LAN Analyst in Toronto, ON (Canada)
    Current Employee - Senior PC/LAN Analyst in Toronto, ON (Canada)
    Doesn't Recommend
    Disapproves of CEO

    Pros

    absolutely nothing, working there was a nightmare

    Cons

    desktop manager in sioux falls is an idiot. has no clue on how to treat people

    Advice to Management

    stop treating your employees like dirt


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