Wells Fargo reviews

3.5

58% would recommend to a friend

(54,363 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 54,363 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 Finanzas industry (3.7 stars).

Reviews by job title

54K reviews
4.0
Aug 25, 2008
Recommend
CEO approval
Business Outlook

Pros

Great place to get a technical backgorund/knowledge of the field. the learning curve is steep and much support is given during the first few months with a transition to more independent work occuring 8 months to a year after start. the best part of this is that the work can be complex so a feeling of satisfaction develops once job competency emerges. Also, management does take an interest in allowing employees to develop skills and encourages this development on a monthly basis. In the currwent market, it is nice to work dfor a bank that is not in the news for its problems.

Cons

Promotions are slow in coming, so your current role may become tiring quickly.

2.0
Aug 24, 2008
Recommend
CEO approval
Business Outlook

Pros

I would say that the only reason to stay with Wells Fargo in these economic times is that the bank is holding up well compared to its competitors. The job stability compared to other financial institutions is better right now.

Cons

The main downside of working at Wells Fargo would have to be the incompetence of branch managers, district managers and senior management. The lack of pay is laughable, but the true problem is the way that employees are treated on a day to day basis. The only thing that management cares about is how many ACR1 your branch has for that day. The company seems to value people that game the system and put people into the wrong accounts. This leaves other bankers having to reverse fees and deal with angry customers. Branch managers are basically houndogs that come around each day asking how many "units" you're going to put on the system for that day. The company is supposed to be built on relationship building but in reality all management cares about is the quick sale. The company values 10 debit cards more than putting 4 home equities on the system. The most disgraceful thing about the company is that branch managers that sit in their office all day doing nothing except refreshing ACR1 numbers are the only ones that reap the benefits of their team member’s production. The branch managers are basically high school graduates that barely speak English that come around hourly to ask what you're going to do to put "units" on the system for that day. The incentive compensation for personal bankers and tellers isn't even worth it compared to the daily bs that they have to deal with. Wells Fargo doesn't see their people as employees or co-workers but simply as a number and how many units you're going to produce for that day.

4.0
Aug 23, 2008
Recommend
CEO approval
Business Outlook

Pros

Good benefits - plenty of time off. I work for Card Services and Consumer Lending, which has a much more laid back culture than the rest of the company, very nice department to work for.

Cons

Current management over-values expense management. It's hard to get much done when management isn't willing to pay for anything. I've heard that Wells Fargo Financial is a depressing unit to work for from co-workers who have gone there and returned to my business unit later.

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