Wells Fargo reviews

3.5

58% would recommend to a friend

(54,308 total reviews)
avatar

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 54,308 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
2.0
Jun 22, 2008
Recommend
CEO approval
Business Outlook

Pros

5 weeks vacation Excellent benefits telecommute when appropriate

Cons

The company has high turnover amongst professional positions Low salaries and management's denial that salaries are not competitive Strong bias against employees for being over 30 in age - the company spends too much time praising the under 30 population. High pressure, high stress. Constantly changing the process - overprocessing topics to death.

4.0
Jun 20, 2008

Should Make It Through the Storm

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Strong company, should be a survivor during these difficult economic times.

Cons

Very large company. Heavily regulated industry requires employees to expend significant amounts of time and energy on compliance issues. Currently, the company is feeling the stress of being a big player in the troubled housing industry.

4.0
Jun 20, 2008
Recommend
CEO approval
Business Outlook

Pros

Wells Fargo has great benefits and my managers have always been very flexible when I needed to work odd hours, etc. Immediate managers seem to care about their people and helping them. Wells Fargo has something like 80 different lines of business, which means there are plenty of places to go if you decide you want a change but don't want to leave the bank. A lot of employees have been here for many years, and it's easy to grow a network of contacts over time if you stick around long enough. There are a lot of training opportunities available, if you can get your management to pay for it.

Cons

Most senior management is often out of touch with what is really going on. There seems to be no logic behind promotions and titles. Someone who has worked here for less than a year can be given an AVP title, while someone who is a recognized contributor and has worked here for 5 years is not nominated. It's often very easy for a slacker to hide among real contributors, and benefit from the group's achievements. There are a lot of redundencies in work efforts. A project is kicked off, work is done, and then the project is canceled for some reason. A year later, we kick off again and have to re-do everything. The "sales culture" leads to people who make a lot of money for the bank getting the most recognition, while the people behind the scenes who made it happen operationally are overlooked.

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Glassdoor has 58,401 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.