Wells Fargo reviews

3.5

58% would recommend to a friend

(54,290 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 54,290 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
1.0
Sep 5, 2010
Recommend
CEO approval
Business Outlook

Pros

This is a sales job. Not a banking job but a sales job. If you go into it knowing this, you won't be disappointed with the work itself. The pay is very generous considering this is a retail sales job. You do not need a business degree (or any college at all) or even any experience in banking . They don't drug test and the background checks aren't the most through. It's a retail job but one that pays very well. The benefits are okay. There are better packages out there but again it's a glorified retail sales job so yes it is generous of them to offer health insurance and the PTO is very nice. Moving up is easy if you do well and make nice with the higher ups.

Cons

There is a reason they throw so much money at bankers when you don't need any banking experience or formal training to get the job. The turnover is very very high. People who can get out, usually choose to do so. Wells Fargo doesn't require any formal education, they don't conduct drug tests when hiring, and their background checks aren't through. People who cannot pass these barriers at other places of employment tend to remain instead of moving on from Wells Fargo and so through the years the concentration of people who are "trapped" grows. Ethics are lacking especially in management. Competition between co-workers is encouraged and often turns sour. Insecurities run very high so it can be pretty cutthroat, if you plan on doing well you better grow thick skin and get used to dealing with passive aggressive attacks. It's a lot like high school and if you go into it realizing this will you'll be better prepared to handle what you see. It's not a fun place to work and again there's a reason the turn over is so high and just remember there's a reason some people have to remain there for years despite hating their jobs.

4.0
May 4, 2016

Well Run - but not for super stars

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Great benefits, socially inclusive and forward thinking, team oriented culture. Great for communities they serve. Everyone is friendly. Senior management are good people and genuinely interested in "doing good and doing well".

Cons

The company is not set up to reward extraordinary efforts or top performers. Management's focus is on hiring and training "normal" people to carry out well defined tasks to generate predictable low-risk outcomes. Superstars and disruptive ideas are not welcomed. Stick to the manual

2.0
Feb 20, 2024
Recommend
CEO approval
Business Outlook

Pros

Decent direct managers Benefits 401K match

Cons

- Strict RTO of 4 days per week with requirement to make-up missed days due to weather (even if they close the site) or personal circumstances for non customer facing employees. -Low merit increases normally in the 2-3%+ range (if you're lucky) while the CEO gets an 18% pay bump (equaling millions of dollars). -Well known that male employees make more than females, evident by multiple lawsuits. -Constant layoffs and job uncertainty ($1 BILLION set aside for severance in 2024.) -Blatant corporate greed raking in billions of dollars while suggesting employees get a side hustle to deal with inflation during COVID. -Recently C-Suite stated we'll need to purchase our OWN computers to use at work. -Poor reputation, when are we NOT in the news?!? -History of retaliation for whistle blowers. -Managers only allowed to rate higher than Meets for a certain number of employees even when more people qualify for the rating. In addition not being able to rate higher than Meets for all employees during certain cycles to keep merit increases low. -Managers only under certain situations able to promote during the year to again keep salaries low. Normally all promotions are done at year end so they can wrap your promotion and merit increase into one lower percentage. Hiring freezes for back filling positions (replacing someone who left.)

Viewing 13 - 15 of 54,290 Reviews

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