Wells Fargo reviews

3.5

58% would recommend to a friend

(54,352 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 54,352 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
5.0
Nov 21, 2008
Recommend
CEO approval
Business Outlook

Pros

Invests a lot of time and money in employees. People are a competitive advantage and so co-workers are great to work with. Very giving in the community. Tuition reimbursement up to $5000 a year for undergraduate studies. And 5 weeks of vacation a year. Well over industry average.

Cons

not many downsides I can think of.

2.0
Nov 19, 2008
Recommend
CEO approval
Business Outlook

Pros

Great benefits package with many options, 401k with matching. Free coffee and hot chocolate, and vending on each floor. Cafeteria on site. Offers benefits even to part time employees. Job security, if you can truly tolerate your position and want it, and can upsell.

Cons

I was hired as Customer Service when in fact, it was really a sales job. 95% of the calls you receive are complaints, mostly with customers who are overdrawn and angry about the overdraft fees. In addition to telling them they (probably) aren't getting many, if any, fees reversed (which is understandable to those who don't bother to keep tabs on their spending, and actually think the bank is supposed to do that for them) But to make matters worse, you are then expected to upsell, oops I mean "refer" those angry, hostile people over to next level sales for some other product they either really don't want or ultimately won't qualify for. (Example: Person who takes Direct Deposit Advance at 120% interest, and then has to keep taking them over and over because they've extended themselves and it's an endless cycle. You recommend they take out a line of credit or credit card. Most know when they won't qualify hence taking out a 120% APR payday advance.) Training was okay, although you are talked down to as if (or just in case this is) your first job. Once you are on the phones, you are stuck in a dark cubicle all day every day taking these negative calls, with no real time for comeraderie or to even say hello to your fellow employees. The word monotonous does not even begin to describe the job. You felt guilty even going to use the restroom if it wasn't break or lunch because your supervisor is alerted when you aren't taking calls, so that plus Q.A. monitoring basically means you are micromanaged electronically and tied to your desk. (Interestingly, there was a class action settlement recently from another department for this very infraction.) Like most sales jobs, supervisors are promoted based not on how well they can manage people, but how many sales they made. You can be a great salesperson but an awful manager and vice-versa. Those are two separate skill sets. I got along fine with my manager, but most did not like her (behind her back.) Had it truly been a service job, without the emphasis on sales, I could have probably tolerated it a little longer, but as it was I faced burnout after only 2 1/2 months with the company. And that last month I had to talk myself into not walking out during break.

5.0
Nov 18, 2008
Recommend
CEO approval
Business Outlook

Pros

Overall, Wells Fargo was a great place to work. Excellent management team, open communications, and good work/life balance. Senior management was approachable and open to new ideas and suggestions.

Cons

As with any large company, politics can be strong in certain dvisions within the company.

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