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
3.0
Jul 29, 2009
Recommend
CEO approval
Business Outlook

Pros

good benefits and good locations to work at, if in California.

Cons

pay structure..dont get paid for what your worth..rather than how much management wants to pull the wool over your eyes. Management structuring is horrible, people who are not qualified to manage or lead ever are somehow promoted to high level status. Branches are run like sweat shops and banker/cssr's/tellers are required to do everything but sell there soul on a daily basis. The requirements to work there are that you sell people things they dont need and shouldnt have, car salesman have a bad rap. But when its in perspective Bankers at Wells are told to be a million more times pushier than the local used car salesman. Could be a great company to work for then again isnt that the same for all of them...!

1.0
Jul 21, 2009

Wells Fargo

Recommend
CEO approval
Business Outlook

Pros

Good benefits, medical, dental etc.

Cons

No cost of living pay increase. High sales pressure (90 closed sales per quarter) Heavy micro management, lots of feedback. None of which is positive. Standing consistantly for 9 to 10 hours with one 45 minute break. Unethical procedures used to meet sales goals. No incentive compensation unless ALL 90 sales are "closed"

1.0
May 11, 2009
Recommend
CEO approval
Business Outlook

Pros

PTO is good for a starting position. Large company and thus lots of states to be able to work in if you like to move. Lots of divisions to transfer to after 1 year of work.

Cons

rampant unethical sales culture, high pressure, poorly designed products and a system that is ultimately destructive to the customer and employees. Lazy management that put significant pressures on employees to produce while taking no accountability or responsibility themselves. Lowest on the totem poll gets paid very little incentive compensation/bonus. Business model is focused on quantity not quality. There is a significant lack of teamwork between direct coworkers. "Needs based selling" is a sham as if they do not have a need for a product or service it is because the salesman hasn't found a way to justify one for the client yet.

Viewing 475 - 477 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.