Wells Fargo reviews

3.5

58% would recommend to a friend

(54,294 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 54,294 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
5.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

Wells Fargo encourages a good mix of work/life balance. Obviously it depends on the group and management, but I have never had a problem taking days off or even large blocks of vacation (e.g., 3 weeks) at a time. Having 5 weeks of PTO is outstanding, and I work from home 2x per week. The senior management is very competent - proven by 20 years of results through various economic cycles. Overall a good company to work for.

Cons

Obviously it's big, and it's a bank, so red tape is inevitable. There's a lot of process and procedure, but I think that's inevitable with the size of company and in financial services.

4.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

Steady with good benefits and opportunity

Cons

It is a mill, on the corporate side all you do is crank out one type of mindless product, there is no thinking required

3.0
Jun 11, 2008
Recommend
CEO approval
Business Outlook

Pros

The company is great for anyone under 30 years old, especially college graduates. Entry level - Credit manager is a sales/customer service position handling real estate, auto and personal loans/lines of credit. Every employee has an abundance of responsibilities and quickly amass experience in customer communications, data analysis, management and other skillsets. The company gives a nice base salary but the monthly bonuses have potential to match the base salary. Wells Fargo has a nice benefit package that gives employees the benefit of up to 20 personal days per year. The company is great at awarding high performing employees with reward dinners and trips.

Cons

At Wells Fargo the base salary is fairly small compared to industry standards. The bonus structure is very rigid and is based upon not only mortagages but other product/unit/volume sales as well. A bonus payout can vary up to 100% if dependent on one variable. The company promotes an independent work environment but fails to empower employees to much extent. Wells Fargo has a rigid structure to solicitaction, and processes that basically ensure that each is employee is doing the same thing at the same time. Wells Fargo needs a better compensation structure, and create more diverse work opportunties outside of the home office.

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Glassdoor has 58,382 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.