Wells Fargo reviews

3.5

58% would recommend to a friend

(54,307 total reviews)
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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 54,307 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
3.0
Sep 12, 2023
Recommend
CEO approval
Business Outlook

Pros

Generally great salary, bonus, insurance and other benefits. My particular team has skilled people and friendly management.

Cons

Executives are incompetent at risk management even after the emphasis on risk following years of public scandals. They frankly say that they do not have time to listen to what my team thinks about a particular type of risk for a large line of business (our subject matter area). For a while they humored us while they took us for granted because we were controlling all the risk for them (Any old regulatory matters, Issues, etc. were closed.). Lately they behave impatiently and unprofessionally toward us in meetings. Now they suggest that we do not need as many resources as we have. I am leaving before they destroy what we built.

1.0
Jul 6, 2023
Recommend
CEO approval
Business Outlook

Pros

Their pay scale might be enticing, but trust me that it isn't worth it!

Cons

They have the worst managers I've worked with in my life. They are not competent, lack accountability, and seem to have no support structure in place to ensure these people know how to do their jobs. The onboarding is nonexistent. The expectation that you work on holidays and vacation days is criminal. They do NOT enforce their policies. They have a TOXIC culture where coworkers would rather gossip, backstab, steal your ideas, manipulate, and bully than collaborate. There is no work/life balance. The PTO is minimal. The turnover rate is insane. In a healthy company, it's generally 15% or below. Their rate is 28% for people who leave the company. But they also have a percentage of people who move to a new role annually, so about 50% of employees are new to their jobs and lack training. The unethical practices are shocking. They routinely do layoffs and replace U.S. jobs with workers in the Philippines and India. If you are close to retirement, you are likely to be let go. They say they are a DE&I friendly company, but that was not what I experienced in almost half a decade. If you want PTSD, apply for a job at this horrible company with a history of unethical behavior that leads with fear and corruption. Otherwise, for your sanity, avoid this place.

3.0
Mar 4, 2022
Recommend
CEO approval
Business Outlook

Pros

They make a big show of listening to the people, treating their employees well.

Cons

Most of it is show. Now that things seem a bit better with the pandemic, they keep insisting we need to work on site because we work better together. There is nothing I need that I can't get done with a phone call, email, or chat message to a peer. Being able to look at them doesn't add to my work. They're also fans of ever-raising expectations. You did get, we're going to add 5 more things to your list that you have to get done in the same amount of time and quality level with weekly changes to process. Little opportunity for advancement. They'll say there is, but there isn't. My current department there are no in role bumps for top performance to a level 2, etc. You have to apply and compete for 1 spot against hundreds of people and the manager reviewing is only looking at your resume so your work counts for nothing.

Viewing 79 - 81 of 54,307 Reviews

Glassdoor has 58,400 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.