Wells Fargo reviews

3.5

58% would recommend to a friend

(54,329 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 54,329 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
4.0
Sep 27, 2008
Recommend
CEO approval
Business Outlook

Pros

Because WF is a financial services company, not just a bank, there are many diverse jobs availabe and WF encouranges hiring from within. Career advancement is supported and employees are encouraged to take advantage of educational opportunities, both internal and external. The company holds to the highest ethical standards, which made me proud to work there; regulatory restrictions often made providing great customer service a challange, but there was an honest commitment to doing so. WF has great potential as a company and has largely avoided the excesses of the sub-prime lending debacle.

Cons

WF is actually a conglomerate of companies. While an effort was (and is) being made to create "One Wells Fargo", this has not been fully realized. Customers assume WF is one entity, but internally responsibilities are divided, and sometimes shared, between various divisions. This creates frustration for customers with issues and inefficiencies in problem resolution. The retail sales environment hinders the development and retention of experienced bankers by continuously raising sales requirements and creating gimmicky bonus programs that make it difficult for bankers to meet all the requirements to earn their bonuses. Burnout is a real problem in non-retail depertments as well.

5.0
Sep 26, 2008
Recommend
CEO approval
Business Outlook

Pros

If you are good or superior in Sales, this a good job for you. The job is 80% salary and 20% incentive compensation(commission), so the day to day pressure is off as far as income. Wells Fargo does hold you to daily, weekly and quarterly goals, but if you are a top performer, this should be no problem. The company thrives on integrity, compliance, conservative practices

Cons

Average sales performers will have a hard time or struggle with meeting their minimums. The entry level positions make the employees use scripts when greeting clients which at times becomes difficult to do.

2.0
Sep 25, 2008
Recommend
CEO approval
Business Outlook

Pros

Good place to get your feet wet within the financial industry. Use is as a stepping stone while in college to gain valuable experience to move on to bigger and better things. Once you learn to play the game, you can do well. Lots of opportunities to move within the company to other fields you might enjoy.

Cons

Very numbers driven. Doesnt matter how you get them, but if you get the numbers they are looking for, you will get rewarded regardless of overall competence. Sat around and watched many people cheating to get numbers only to be promoted later.

Viewing 54145 - 54147 of 54,329 Reviews

Glassdoor has 58,424 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.