Wells Fargo reviews

3.5

57% would recommend to a friend

(54,466 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 54,466 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
Jan 1, 2022

Good vision but no plan to get there

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Competitive starting pay. Good (but not fantastic) benefits. Strong intent from senior leaders (new to the company in the last ~2 years) to make it an ethical and ethically-run company. Requirement for formal performance feedback every 6 months. Slowly moving away from multiple antiquated computer systems and duplicate processes across the company (it takes time).

Cons

I've worked for Wells Fargo for 2 years and have decades in the work world, and it is an odd environment. There are still so many silos, even within the same small organization, and every manager feels empowered to do what they want or they feel is best, and there is no culture here that people should work together for the common good. Nearly everyone would like to see things improve, however few people actually like change in order to get there, and they definitely don't want change unless it means their stature or team grows. It's common to find a passive-aggressive streak, cloaked under supposed Midwest Niceness, which enables bad behavior by individuals such as saying they agree in public then sabotaging afterwards. A lot of situations where if people don't like something they find a way to drag it out through delays, rescheduled meetings, etc. etc. etc. that they hope it will just fade away, and unfortunately much of the time they are 'rewarded' and it does just fade away. Definite cliques based on geography, such as it's all about Des Moines, Iowa. I don't know how much of this is intentional and how much is subconscious, but there is a definite geographic bias from many people. The CEO thrives interacting with people in person and has established a mandate that there will be no more remote work once COVID restrictions end unless exception approval can be obtained from an operating committee member (i.e. 1 down from the CEO), which will be incredibly rare. This means that current employees who are not in a core location can no longer apply for jobs, even if they have been full time remote for years (they are not grandfathered in), and likely they will slowly be laid off over time (if they don't self-select out first, which saves the company money). This is going to result in a painful multi-year shift of strong talent out the door being replaced by mediocre talent in core locations, and less diversity in the non-branch workforce overall. While some work should be done in-office and site strategies can produce great benefit for customers and the company, they shouldn't be applied in a one-size-fits-all approach across an entire company.

4.0
Dec 27, 2021
Recommend
CEO approval
Business Outlook

Pros

Good benefits. Contributions are recognized. Company driven to repair mistakes of past management team.

Cons

Vacation is a bit lower than peer organizations, but you earn more days at a faster rate. Company has releveled job titles multiple times within multiple years, with no apparent rhyme or reason based on job descriptions, it's a confusing effort. It can be difficult to get information you need to do your job at times. They have implemented a Hub location strategy for business groups that is counter to where they just did significant hiring for those groups. There has been no downsizing to date in non hub locations, but it will be coming.

3.0
Dec 21, 2021
Recommend
CEO approval
Business Outlook

Pros

Good pay and benefits. Lots of support and helpful people.

Cons

The executive office isn't listening to employee feedback about working remotely on a permanent basis. Lots of annoying rules about how many people on a team can take PTO at any given time.

Viewing 586 - 588 of 54,466 Reviews

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