Wells Fargo reviews

3.5

57% would recommend to a friend

(54,466 total reviews)
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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 54,466 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
May 23, 2010

Wells Fargo Teller Sales Over 60% of the Job

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

In my experience when I first started at Wells Fargo I loved the job because it was fast pace and I was able to do what I do best which is customer service. I am able to meet many people from all around the U.S. and some from other countries. At my branch I have a great team who are for the most part supportive.

Cons

Even though Wells Fargo says that they are all about helping the customers and fulfilling their needs this is not entirely true. I am not saying that customer service is not important because it is but I am just saying that sales is more important to the company. Over 60% of my job is to get sales each day and reach a specific goal each day. We have 3 months (a quarter) to reach the ultimate goal ( will not say the number because it varies per branch due to the area it is located). If we do not meed this goal and get all our sales we get written up. To me this is not fair because we cannot force people into a sale because it is their choice whether they want it or not. We are told that we have to present a sale to a customer even if it is the same customer and same sale from the day before. If we had already presented a sale to that person they are not going to change their mind in one day. This just turns in to rude pushiness. After telling them once they now know about it and if they change their mind they will willing come in themselves. This does not include the pushiness and stress tellers get from their Service Managers, Branch Managers, DM's ect... They are constantly pushing us to get sales for the branch. This means that the bankers and mangers count on us to reach their goal as well. If that is not stress than i do not know what is. We should be able to focus mostly on customer service so we do not cause the customer to get upset because it happens all the time. Customer get mad at us because we constantly bug them about a sale. There are customer that even close out their account because of this. We need to just concentrate on customer service and the money.

2.0
May 22, 2010
Recommend
CEO approval
Business Outlook

Pros

The life insurance is good. They take less irresponsible risks when it comes to loans and credit products compared to other banks. They do seem to be interested in diversity in the workplace.

Cons

The goals are out of touch with reality. It takes an unreasonable amount of work and effort to do well in all of the categories you are evaluated on. As you work on one area, you tend to decline in another one. And the compensation you get for the work is very low relative to the amount of work you do. Even if you are a top performer they could care less about keeping you. If you leave, their attitude is "Oh well, maybe the next one will work out." You get very few company perks like you would at other banks. And it is very unstable. They change their policies every day, LITERALLY. And then you could get counted off on quality assurance scores, hurting your potential for payout, as if you were supposed to know that this and that policy changed yesterday. Punishing people for not following policies they have not been informed of is ethically wrong... period. It is a fixed game to make sure no one makes too much money by staying too long. The health insurance is terrible. Even for the higher cost options you really don't get much. The management only promotes people who are young and cute, if you know what I mean. The customers are not treated well. We are encouraged to sign up the customers for products they don't understand or need. This only harms them in the long run.

3.0
May 22, 2010
Recommend
CEO approval
Business Outlook

Pros

WFB provided experience for PM working across with many individuals and departments, each having their own stake and responsibilities. Most believed in the project, and some did not.

Cons

As such, it was difficult to navigate through those few with their politics and its minefield and the changing economic landscape. WFB moved cautiously with its changes.

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