Wells Fargo Employee Reviews about "great benefits"

Updated Jan 22, 2021

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3.7
66%
Recommend to a Friend
69%
Approve of CEO
Wells Fargo CEO Charlie Scharf
Charlie Scharf
2,619 Ratings
Pros
  • "Good management and great benefits(in 2147 reviews)

  • "Great company with good benefits(in 1601 reviews)

  • Cons
  • "There was a lot of pressure to meet sales goals(in 1368 reviews)

  • "Manage upper management is always there to make sure you’re doing things right(in 642 reviews)

  • More Pros and Cons
    Pros & Cons are excerpts from user reviews. They are not authored by Glassdoor.

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    Reviews about "great benefits"

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    1. 5.0
      Current Employee, less than 1 year

      Great company to work for

      Jan 22, 2021 - Customer Success Specialist in Salt Lake City, UT
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Benefits are great especially more than 5 weeks of vacation sick time

      Cons

      Schedule but it is doable

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    2. 4.0
      Former Employee, more than 1 year

      Good Entry-Level Job

      Oct 17, 2020 - Bank Teller in Omaha, NE
      Recommend
      CEO Approval
      Business Outlook

      Pros

      WF has great benefits. They're very helpful when setting up your benefits when you're a new hire. They value diversity--so if you're bilingual, your chances of getting hired increases. Their 2-weeks training program is exceptional. When I was first hired and told there was a mandatory 2-week full time training, I thought it was too much, but it really prepared me in the best way before they put me in a drawer by myself. Because WF was just under heat because of the scandal when I was hired, in my year and a half there I got two raises without asking for it because they increased the base-pay for everyone. Now, it's much higher than when I worked there.

      Cons

      Unfortunately, your direct manager will have to tell you to do things that they might not agree with, because the person above their manager and so on told them about the changes. It's a huge corporation and you have to remember you are the bottom of the barrel. However, even though you're the bottom, you are expected to provide 100% excellent customer service because you are the face of Wells Fargo.

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    3. 3.0
      Current Employee, more than 5 years

      Relaxed environment, independence

      Nov 26, 2020 - Loan Documentation Specialist IV in Minneapolis, MN
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Wells Fargo Home Mortgage (WFHM) is a great place to work for individuals with a background in mortgage and real-estate (such as appraisal, lending & underwriting, debt-collection, customer service, and business analysis), but it is heavily dominated by the paraprofessional class (i.e., those who majored in degrees that have nothing to do with banking or finance). In that sense it provides an excellent opportunity for those who have not had much luck finding work in their respective majors. The Good: Wells Fargo provides great benefits for permanent employees and career-advancement for those who are dedicated and driven. WFHM in particular provides a relaxed environment to its employees and offers a great deal of independence (not a whole lot of micromanagement) in addition to sparing you from a lot of unnecessary hype, such as morale-boosting exercises and/or meetings. In addition, virtually any mortgage experience on your resume carries some value in credentialing you for other mortgage careers.

      Cons

      One mark against WFHM is that makes heavy use of temporary/contracted workers and does not guarantee that such positions will end in permanent employment. This means that you could theoretically work an enjoyable position for years only to find yourself jobless the next. Wells Fargo also has a 6-month obligatory waiting period in between contracts so you aren't likely to return to your old position after having been let go.

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    4. 3.0
      Current Employee, more than 1 year

      Good Place To Work If You Value Stability

      Jan 22, 2021 - Personal Banker I 
      Recommend
      CEO Approval
      Business Outlook

      Pros

      No high pressure sales tactics to push loan volume or new accounts Great Benefits Incredible digital services for online banking Diverse

      Cons

      High Pressure Sales Tactics around filing complaints for customers Abysmal base pay and commission structure Not enough training and support system around Small Business account opening procedures

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    5. 3.0
      Current Employee, more than 1 year

      Path To Underwriting at Wells Fargo

      Jan 20, 2021 - HLP in Des Moines, IA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Company benefits are great. They pay well for the role. PTO ~18-20 days. This is the pre-role to becoming a mortgage underwriter at Wells. Daily customer contact report sent by manager via email. Work from home 100%. Provided Dell monitors, laptop and equipment. Autonomy for how you want to complete daily work. Senior leadership making easier document process for borrowers.

      Cons

      Your job feel REALLY depends on what type of manager you have. Have customers 30-90 days and keep in touch via phone/email ~5 days Daily reports are run for outbound calls. Everything is monitored - calls, emails, login time, inbound time. Reports can be overbearing on you depending on manager. Documents expire so re-request from borrowers.

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    6. 3.0
      Former Employee, more than 8 years

      Wells Fargo Wrecks resumes

      Dec 11, 2020 - Business Specialist in Los Angeles, CA
      Recommend
      CEO Approval
      Business Outlook

      Pros

      Decent salaries and great benefits.

      Cons

      No opportunity for growth regardless of how well you're doing, no support from management, team members are disengaged, Mgr's expect you to work hard and sell products but doesn't compensate you. Management will only focus on your weaknesses even when you feel your strengths trumps. No recognition, no motivation from management. When doing annual reviews they will only focus on what needs improvements to avoid giving you an annual raise. Upper management expects the impossible from branch managers which creates negative working environments in the branch. Wells Fargo is changing to become only a phone bank/ digital institution. Branch team members aren't knowledgeable about anything bank-related and are required to transfer customers to outside departments, phonebank, or online instead of helping them in the branch. If you want a great banking experience DO NOT WORK HERE. WF has a horrible reputation and other banks look down upon WF employees as if they're crooks so if I were you I would avoid putting WF on your resume.

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