Wells Fargo reviews

You don't get to see HR (they are invisible), Managers have a lot of power to take decisions, Managers promote their favorites (they have a way of overcoming the requirements set by the Company). Majority of the workforce is from other Banks like JPMC, ANZ, Morgan Stanley, HSBC, etc. They don't accept others who are experienced in other domains/companies. I was surprised when my manager called out openly that his 'P level' employees have rated him very low and that he was very upset over us. How can an anonymous survey results give the managers any clue as to who would have rated them low - that was scary. From then on, I have always given the top most rating in any anonymous survey. Also, 'P' role is not that great. There isn't much of a career progression for these roles. The grades are so confusing - a P1 role in one team has a grade of 60, where as in another team it is 90.

New York leadership has encouraged an incredibly toxic culture. People are incentivized to throw others under the bus. In the Wealth Management business, the leadership is so far removed from what's important to the advisor business, and then bends over backwards in all the wrong ways to accommodate ridiculous advisor requests for FAs who end up leaving within 6 months. The regulatory issues the bank has faced in the past decade has left teams with needing to implement new policies and procedures that are impossible to manage to. Also the shift from remote work and focus on the new location strategy has forced tens of thousands of people out or displaced, and left the rest of us shouldering the burden of an increased workload. And the location strategy has prevented people in "non-core" locations from building their careers across the company.