Wells Fargo reviews

3.5

58% would recommend to a friend

(54,357 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 54,357 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
Jul 28, 2015

Financial Advisor

Recommend
CEO approval
Business Outlook

Pros

Wells Fargo has top tier Brand recognition. However, Wells Fargo Advisors has less Brand recognition than the Company as a whole. It derived from the former A.G. Edwards.

Cons

The Financial Advisor in Training (FAIT) goals are ever shifting. They say that they want to do what is best for the client but make no mistake this is all about the commission or Gross Dealer Concession.

1.0
Jul 19, 2015
Recommend
CEO approval
Business Outlook

Pros

- Above average salaries for this industry - Above average benefits package - Promotion from within is their M.O. most of the time - Monster footprint and over 80 companies under their umbrella making for a wide range of career choices/paths - Set schedule and clearly defined set of job responsibilities - You'll usually work within 30 minutes of home

Cons

- The initial & ongoing training "programs" are as detached from branch realities as the earth is from the moon - Do your DUE DILIGENCE before accepting a position ( no matter how big the carrot ) with this bank - Corporate culture is completely corrupt, AND THEY KNOW IT. If you speak out ( like me ), you'll be blacklisted - Operationally still breaking many banking regulations and inventing new ways to do so roughly every quarter, particularly by introducing "new" products and widgets for you to toy with as a "banker" - Sales "goals" are delusional, but if you succumb to the corrupt and illegal business practices they encourage, you can attain them. Your 90 day probation is more or less a period for them to evaluate whether or not you will "sell your soul", lie to your clients, and be a "team player" or speak out like I did and ultimately resign. - Mgmt. claims they care about workplace ethics with both your clients and colleagues, but this is nothing more than a smokescreen to appear compliant with many of the banking reforms put in place following the 2008 financial crisis. Numbers are padded, fabricated or outright lied about on the 4 daily "production calls". - Whether your day of reckoning comes 6 months or six years post-hire, you'll deeply regret biting the apple, and either tough it out for the sake of the bills or recognize that your personal integrity and character are not for sale. I chose the latter and never looked back until asked to complete this review a year later.

2.0
Jun 18, 2015
Recommend
CEO approval
Business Outlook

Pros

Pay- Nice base rate plus the opportunity to make a shift differential working in the afternoon(s). Incentive Plan- Extra bonus pay for referrals and closing sales. Benefits- Choices between different medical plans, prescription coverage is awesome, FSA. The plans aren't terribly expensive. The 401(k) gives the option to increase contribution each year, up to 12%. Wells Fargo will match 100% up to 6% of gross pay after one year of service with the company. PTO- Provides a generous number of days off. Extra volunteer time, and floating holidays. Training- Provide ample classroom and applied training on the floor. You will have plenty of support during OJT. Promotions- Ample room to move up and out within the company.

Cons

Sadly, the benefits listed above are about as far as it goes. Once hitting the floor, my whole morale went south. "Coaching" means getting pulled off the phone and told that you're not meeting your goals and that you need to basically find a way to do it or get threatened to be sent to senior management or written up. This stems from the unrealistic goals that Wells Fargo has for its bankers. In a short amount of time (4 minutes and 30 seconds or less), you must service the call, follow all procedures to stay in compliance (failing to do so can result in termination and other possible consequences), refer to the customer, and hopefully get them over to sales. The biggest struggles for most are AHT and the Referral Rate. It is possible to get the customers off the line in a short amount of time, but other metrics such as QA and KDM suffer because "you didn't take enough time with the customer." Sales is #1 in this call center environment, which is fine, but allow more time to spend with the customer. We have to go so fast through servicing the call that we don't get ample time to really know how the customer could benefit from another product or service, especially those that have almost all of them. It takes time and referrals would be of a higher quality if they weren't pushed so much OR if we could have a higher AHT. Those two metrics have been a struggle since the start, and instead of acknowledging that, the attitude is simply "you better fix it." This makes for a sometimes hostile work environment, depending on your current leadership. Not every minute of everyday is going to be top of the charts in terms of metrics. Having them is fine, but know how to coach them and help those who struggle meet them so we're not constantly worried about losing our jobs.

Viewing 223 - 225 of 54,357 Reviews

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