Wells Fargo reviews

3.5

58% would recommend to a friend

(54,322 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 54,322 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
Aug 26, 2008
Recommend
CEO approval
Business Outlook

Pros

You truly become a team, and make true friends from working there. It is amazing to see people that started out with you and how far they get on the journey to the top. But be careful of the people that have been there for a while. They will tell you to do things that are against company policy, but they will deny it if ever questioned. Compliance Analyst are assholes in this company. They did not succeed as managers, so they assume a non competitive role and try to play cops. They are underpaid miserable assholes.

Cons

Upper management will ask you to do things that are against company policy, but they will let you take the fall for it. They are liars.

4.0
Aug 25, 2008
Recommend
CEO approval
Business Outlook

Pros

Great place to get a technical backgorund/knowledge of the field. the learning curve is steep and much support is given during the first few months with a transition to more independent work occuring 8 months to a year after start. the best part of this is that the work can be complex so a feeling of satisfaction develops once job competency emerges. Also, management does take an interest in allowing employees to develop skills and encourages this development on a monthly basis. In the currwent market, it is nice to work dfor a bank that is not in the news for its problems.

Cons

Promotions are slow in coming, so your current role may become tiring quickly.

2.0
Aug 24, 2008
Recommend
CEO approval
Business Outlook

Pros

I would say that the only reason to stay with Wells Fargo in these economic times is that the bank is holding up well compared to its competitors. The job stability compared to other financial institutions is better right now.

Cons

The main downside of working at Wells Fargo would have to be the incompetence of branch managers, district managers and senior management. The lack of pay is laughable, but the true problem is the way that employees are treated on a day to day basis. The only thing that management cares about is how many ACR1 your branch has for that day. The company seems to value people that game the system and put people into the wrong accounts. This leaves other bankers having to reverse fees and deal with angry customers. Branch managers are basically houndogs that come around each day asking how many "units" you're going to put on the system for that day. The company is supposed to be built on relationship building but in reality all management cares about is the quick sale. The company values 10 debit cards more than putting 4 home equities on the system. The most disgraceful thing about the company is that branch managers that sit in their office all day doing nothing except refreshing ACR1 numbers are the only ones that reap the benefits of their team member’s production. The branch managers are basically high school graduates that barely speak English that come around hourly to ask what you're going to do to put "units" on the system for that day. The incentive compensation for personal bankers and tellers isn't even worth it compared to the daily bs that they have to deal with. Wells Fargo doesn't see their people as employees or co-workers but simply as a number and how many units you're going to produce for that day.

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