Wells Fargo reviews

3.5

58% would recommend to a friend

(54,294 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 54,294 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
3.0
Jan 3, 2016

Typical US MNC in India

Recommend
CEO approval
Business Outlook

Pros

This review and comments are for people working in Technology division (not for operations division) 1. Good Work life balance 2. Free transportation 3. Internet reimbursement (over and above your CTC) 4. Good environment 5. Only for female employees for 2 kids (upto 5 yrs) upto Rs 8000 are given for daycare 6. Almost 100+% variable payout (if your CTC consists of variable payout) 7. Additional 4 annual leaves on completion of 4 years 8. Excellent infrastructure 9. salary on every 26th day of Month 10. Gym facility (with full time trainer) 11. Very transparent organization in terms of policies 12. As of 2015 , low attrition rate 13. One more Good thing is family insurance of Rs 5,00,000 is free of cost (even parents are covered upto Rs 2,00,000 with 20% co payment)

Cons

These are not necessarily the negative things ( I didn't like them) 1. Work From Home is not completely on employees discretion- It is mostly (95%) depends on situation and managers decision 2. Though they have 2 appraisals in a year. For Average performer the annualized hike is (4%-7%) and for above track it is anything between (9-13%) 3. Role change (promotion) from level 2 to 3 is easy, 3- 4 is challenging but role change after band 4 are very difficult. 4. There is 18 months (mandatory) wait period for any role change (upto level 4) above that it goes to 24 months (or more) 5. On role change hike is dependent on benchmark, you will get around (15-20%) from u r current package 6. For 80% of people work is monotonous, difficult to survive if you don't get above track rating in any of your appraisal (4-6% increment in a year) 7.1st Appraisal cycle is from Jan to Jun (increments are effective from Oct - paid in Oct salary onwards), similarly 2nd Appraisal cycle is from Jul-Dec (increments are effective from Apr - paid in Apr salary onwards)- Variable payout is in Apr salary (26 Apr) 8. 90 days notice period 9. Very few people got functional business knowledge

5.0
Mar 20, 2017

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

Despite recent negative news from bank channel, the senior management of WFA is top quality. They truly have a "put client first" attitude. My job, working with clients all day long, is highly rewarding. I've enjoyed working with the same clients for over 15 years, getting to know their families.

Cons

Downside would be the ever growing regulatory requirements that makes being productive more difficult and complicated. But I believe WFA has responded with tools and technology to make it as easy as possible, but that said, it's still challenging.

2.0
Aug 7, 2021
Recommend
CEO approval
Business Outlook

Pros

Salary and some great teammates. Work feels like you are doing something great for the customers.

Cons

The CEO Charlie Sharf is trying to do the same thing while he was in charge of BNY back in 2019 and eliminate work from home. Not only are they recalling ALL teammates that worked from home during covid they are also asking those whom were hired as remote before the pandemic to start coming into the office all in the name of efficiency and collaboration. National statistics show that productivity is up. Yet Charlie is trying to get rid of it again. When this was attempted at BNY it caused a huge uproar. Now he is repeating history at wells Fargo. Covid has shown that work from home can be a valuable tool to employees. to take it away on the premise of something that is not true is wrong.

Viewing 10 - 12 of 54,294 Reviews

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