Wells Fargo reviews

The salaries offered through Wells Fargo are often on the lower end of the payscale compared to similar positions at different companies. Part of the reason could be the lower cost of living in the midwest (Iowa), which is where I work, but the positions' salaries still seem lower compared to other midwestern cities. Annual raises are also low compared to similar positions at other companies. Also, most positions do not include a bonus or profit sharing plan. The company also can have too many corporate levels within a department, meaning too many middle managers between the top executives and the entry level positions.

I have worked for two locations, unfortunatelly i started in a a bad one and it burned me out too quickly. Management presured staff to oversell products to costumers that didn't really need the products. Wells Fargo Financial specifically deals with subprime customers. The downside of working was the pressure to get more sales from a very limited base of customers (regional) given that Wells Fargo has many branches in the area. Management wanted employees to put extra time- from our personal time to get more calls to customers in the evening or morning. When hired was told about the extra money being made by selling its financial products and how to maximize them... and even assured by some employees that work there, the problem was the market was already overselled so all the time I worked there never made any extra money for selling an products... or saw a person who did get extra. Well the chance is there (or was) if the market wasn't oversaturated with competition with other financial institutions and the same Wells Fargo (thru other branches and its other divisions)