Wells Fargo reviews

3.5

57% would recommend to a friend

(54,436 total reviews)
avatar

Charlie Scharf

62% approve of CEO

55% positive business outlook

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,436 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Wells Fargo employee rating is in line with the average (within 1 standard deviation) for employers within the Finanzen industry (3.7 stars).

Reviews by job title

54K reviews
1.0
Jan 3, 2010
Recommend
CEO approval
Business Outlook

Pros

The only reason I can think to work for this company is the benefits package. They offer everything under the sun and most is pretty affordable.

Cons

The thing you have to keep in mind going to work as a "banker" is that you're not a "banker". Goals are so high that ethics has long since left and the company is being absolutely robbed by its employees. Management could care less about those that are cheating the system because they just want to keep their jobs. The bank doesn't care about its employees or especially its customers. Employees are pressured to push things that people don't need based on whatever flavor of the week that management wants to look good about. The environment is so stressful and micromanaged that many employees are having health issues, and management does not care, they just push harder. When the economy gets better the turnover will be astronomical as I don't know of a happy co-worker....anywhere.

1.0
Oct 6, 2009
Recommend
CEO approval
Business Outlook

Pros

-The analyst program is pretty competitive and your analyst peers are smart colleagues. They make a good network to have. -The senior bankers are mostly from bulge bracket firms, so they usually have pretty good deal experience before coming to Wachovia. -Wachovia, being a large employer, adds name recognition to your resume outside of Wall Street, but within Wall Street, the name is not very powerful. -Wachovia invests a lot of money in information technology and resources

Cons

-Wachovia's senior bankers are either incompetent or have poor client relationships -Poor work/life balance -Pay is below the Street -The professional experience you get varies by the industry/product group you are in. If you are stuck in an unrespectable group at Wachovia, then your skills will be lackluster and your exit opps will be minimal. - The associates are the weak link in the chain. Most come from engineering backgrounds and have little communication skills or have lackluster abilitities. If they were better, they would have made it to the buy-side already or a better firm. The analysts are typically smarter than their associates -Senior bankers rarely help their analysts or associates jump to another bank or the buy-side. They don't take the time of day to help with career advancement. -Wachovia is a "confused" firm in terms of its niche. At many times, it will go after deals involving small cap companies and compete with many boutique banks, and then Wachovia will attempt to play with the bulges for large cap clients. It needs to find an identity and stick with it. -Wachovia's investment banking reputation is one of the poorest on Wall Street. Pick a mid-market investment bank like Piper Jaffray, Harris Williams, or William Blair before you join Wachovia.

1.0
Aug 16, 2009
Recommend
CEO approval
Business Outlook

Pros

Job title.. everyone knows who Wells Fargo is. Good benefits.

Cons

Management always wants u to sell sell sell and u don't see anything for a bonus at the end of the month even when u hit your goals. Products are horrible and the same thing. Customers know the scam that you are trying to pull on them when you call them. Can not feel good about the products you sell to customers, and you have to put on a straight face and "don't think for the customer" who doesn't know how to manage their finances and that is why they are seeing Wells Fargo Financial predatory lender.

Viewing 472 - 474 of 54,436 Reviews

Glassdoor has 58,542 Wells Fargo reviews submitted anonymously by Wells Fargo employees. Read employee reviews and ratings on Glassdoor to decide if Wells Fargo is right for you.