Wells Fargo reviews

3.5

58% would recommend to a friend

(54,316 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 54,316 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
Oct 16, 2008
Recommend
CEO approval
Business Outlook

Pros

They are a very good company to work with because its one of the very few banks out there that has the resources for employees to advance and enleashed one's potential. This bank can provide you with the best available managers and tools so anyone wishing to advance themselves and do so with ease. Also, since this is a hugh bank, there are many good career opportunities for each employee to advance themselves. The whole structure of personnel and employee services available is quite resouseful in comparison to other companies. Overall satisfaction will be very high for anybody working with Wells Fargo.

Cons

Sometimes because its hugh a big company, management doesn't carter to all the specific needs of employees as prompt as they should. An example would be If a certain challenge arise in the company, one would be difficult to communicate to their Senior Management to change or better the situation. It would take weeks and months time to get the message accross. Since it is a very big company, whatever action takes lengthy of time to roll out. Also, there should be better training provided to all employees and more knowledge and training offer to existing employees who has been with the company for over 5 years.

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.

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.

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