Wells Fargo reviews

3.5

58% would recommend to a friend

(54,331 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 54,331 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
Apr 29, 2022
Recommend
CEO approval
Business Outlook

Pros

pay, work load, compliance/risk management functions, turnover

Cons

1. Zero chance of career advancement for virtual workers not in hub cities. They are locked in current positions. Even if they are top candidates for internal positions, they can not be offered the positions because managers can only open positions in hub cities. So, they no longer qualify unless they move. Note: You may find a manager that pushes for an exception, but probably not in HR. 2. Compliance/risk management and efficiencies (downsizing) are the primary focus for WF. 3. Little concern for human beings, values, culture. 4. Lack of recognition of talent competition due to the availability of remote work throughout the world. And this is happening given the turnover in the company. 5. Technology appears to be in a catch-up mode compare to other companies..

2.0
Apr 28, 2022
Recommend
CEO approval
Business Outlook

Pros

Decent benefits and 401k. Good job for those that lack a college degree but have customer service experience. My advice to those of you in this situation - Get in and get out ASAP. Do not get stuck in customer service. Its a call center still despite all the perks they tell you about in the beginning.

Cons

No upward mobility. Extremely stressful and always expected to do more. Managers grade you on a curve so if your not in the top 10 percent of calls and successfully opened accounts you get put on "performance plans". *** If customers accounts get declined for failing credit check, it counts against you. Expectations doubled during the pandemic after sending everyone to WFH. Instead of one account successfully opened per day, we were expected to have two. If you take four customers all the way from step 1 to credit check and 3 fail credit check, you are only recognized for completing the 1 account that passed. So the other 3 accounts you spent several hours on, only to get declined? Tough luck, you do not receive any credit for those. The expectation is you better get one approved before end of day. Terrible managers that always push numbers. Nothing has changed since the fake account scandals except for lip service. Unless you are a senior employee, you will struggle to get PTO approved. In 2021 it took up until late summer to get any time off for 95% of the staff. There were multiple cases of PTO being rescinded the week of after previously being approved. They did away with bonuses at the end of 2021 (due to the previous scandals). The pay was bumped up BUT the expectations increased two fold within weeks of the pay increase. Call Center Environment. In the interview they will tell you "Its not really a call center" for "reasons". Spoiler Alert. - it is certainly a call center. Metrics Metrics Metrics. Prepare to explain why you had to use the restroom outside of the two allotted 15 minute breaks. There are some good people here but they typically do not last very long. It is a soul crushing job and they (management) will slowly break your will. Rules and procedures change constantly. Took PTO and missed one of the 18 updates while you are out? Better read it in the 10 minutes you have before shift starts or you risk a critical QA error. Constant supervision and Micromanaging - Not an exaggeration to say they have a TL or Manager checking over everything you do. One checks your email folders, one checks your Excel spreadsheets even though its only used to help you stay organized, one checks to see if you sent out DocuSign requests on time, etc. When you do make a mistake (and you will) be prepared to be put on blast. They love to CC every single manager and senior leaders that you will never speak to, just to make a point. It can be over the silliest and easiest mistake to fix as well. It's incredible how tone deaf management is here, it feels like they actively seek out ways to destroy morale.

1.0
Aug 4, 2021
Recommend
CEO approval
Business Outlook

Pros

Pays better than most of their competitors in the same market

Cons

Silos, politics, no 360 feedback system, employee satisfaction surveys are rare and when performed they are not anonymous, no skip level meetings, strategic planning includes "how do we pin this on someone else", regular reminders to be suspicious of peer teams that might try to "pin something on us", no accountability, employee performance calibration is always opinion based not goal based. Cronyism from the top down. TLDR; If you take the ignorance and indifference that led to the account opening scandal and add the dumbest people from JPMC you'd just be scratching the surface of this train wreck.

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