Does Wells Fargo pay their employees well?

According to anonymously submitted Glassdoor reviews, Wells Fargo employees rate their compensation and benefits as 3.7 out of 5. Find out more about salaries and benefits at Wells Fargo. This rating has decreased by 1% over the last 12 months.

How satisfied are employees working at Wells Fargo?

58% of Wells Fargo employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Wells Fargo 3.5 out of 5 for work life balance, 3.3 for culture and values and 3.3 for career opportunities.

What are the top reviewed jobs at Wells Fargo?

Teller (2896) , Personal Banker (2422) , Bank Teller (2328) , Senior Software Engineer (867) , Software Engineer (812) , Lead Teller (797) , Personal Banker I (768) , Customer Service Representative (603) , Branch Manager (489) , Financial Analyst (471) , Analyst (453) , Service Manager (447) , Vice President (402) , Home Mortgage Consultant (353) , Personal Banker I (SAFE) (304)

What are the pros of working at Wells Fargo according to real employee reviews?

"The benefits are great and the people make it a joy to come to work each day." ((in 6447 reviews)); "Good pay and that's all i can really think of other than that it's pretty bad to work here" ((in 3268 reviews)); "Work life balance is good but it usually depends on what group you work in." ((in 3153 reviews)); "Deal flow is decent and the majority of the people you work with are great." ((in 2183 reviews)); "The culture is great very collaborative with people who are eager to help when they’re needed." ((in 1404 reviews))

What are the cons of working at Wells Fargo according to real employee reviews?

"Poor management; each branch operates very differently depending on the branch manager (no consistency)" ((in 2606 reviews)); "Good managers have sound judgement and make good business decisions when dealing with customers on a day to day basis." ((in 1373 reviews)); "Poor leadership from the top very top heavy and no mid level management support any longer" ((in 536 reviews)); "Long hours and no at home food voucher" ((in 476 reviews)); "Lots of layoffs and on the banking side you are forced to reapply for the job you currently have." ((in 449 reviews))

What are employees saying about Wells Fargo layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Wells Fargo layoffs and their outlook for job security at Wells Fargo in 2026.

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Wells Fargo

Wells Fargo reviews

3.5

58% would recommend to a friend

(54,381 total reviews)

Charlie Scharf

62% approve of CEO

55% positive business outlook

Ratings by category

3.8

Diversity & inclusion

3.7

Compensation and benefits

3.5

Work/Life balance

3.3

Culture & values

3.3

Career opportunities

2.9

Senior management

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,381 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).

Ratings by demographic groups

Race / Ethnicity

Gender

Sexual orientation

Disability

Parent or family caregiver

Veteran status

Reviews by job title

54K reviews

2.0

Jan 25, 2024

Was a great place to work

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

I can’t think of any that are still in existence.

Cons

They have pushed out most of the long term employees who really cared about the stage coach, its customers, and their work. The benefits have steadily declined. One time 401k match at the end of the year, you lose it all if you leave before it’s paid out. Raises are laughable (1.3%) and bonuses are as well. Zero incentive or reward for doing a good job. They do job title and group reorgs periodically that will basically demote you. Getting a promotion is like pulling teeth, but harder. There is no clear path for career advancement. Managers that do not know what they are doing or how to be a good manager. So much more…it really went downhill. When I joined in 2016 I was so happy with it that I thought I would retire from there. Then came the new CEOs.

1.0

Jan 18, 2024

Executives reap bonuses, employees suffer

Escalations specialist

Recommend

CEO approval

Business Outlook

Pros

Paychecks while they deem you "necessary"

Cons

Poor middle management Excessive workloads and mandatory overtime Union-busting activity Corners cut to avoid government sanctions Layoffs to the workforce for executive bonuses, remaining workforce smothered by the additional workload

3.0

Jan 7, 2024

No job security

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

1. No micromanagement 2. Flexible work hours 3. Cab facility 4. Good cafeteria

Cons

1. No growth 2. Too much process and approvals if you want to change internally. 3. Mindless and illogical management tricks played during 2019-2021 to downsize QA roles. Paid less than 1℅ hike. Making advance development course mandatory to switch to dev roles?! I mean who even thought about such schemes to ruin careers. I underwent pressure to fulfill stringent timelines and technical upskilling unrelated to QA line of work. Nevertheless cleared it as I took up the challenge, as they clearly tired to underestimate QA engineers with these tactics. Even a experienced 10 year plus software engineers hasn't heard of some of the courses they included for us, which they expected us to learn in 3months time. Lost the little admiration left for the company. 4. Manager has absolutely no control over the direction of the projects and team members goals and ambition. Simply a dummy of higher management, who are just pocketing hefty salaries.

Viewing 274 - 276 of 54,381 Reviews

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