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      Wells Fargo

      Engaged Employer

      Wells Fargo reviews

      3.5

      58% would recommend to a friend

      (54,350 total reviews)
      avatar

      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 54,350 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 Financial Services industry (3.7 stars).

      Ratings by demographic groups

      Reviews by job title

      54K reviews
      2.0
      Nov 23, 2021

      Internal Audit is a nightmare at Wells

      Senior internal auditor
      Recommend
      CEO approval
      Business Outlook

      Pros

      Pay is very competitive and benefits are good

      Cons

      I quit Wells in 2020. Internal Audit at Wells has had a MAJOR exodus of people leaving in 2019-2021 because of several reasons. You have to log all your time and meet productivity requirements. Meetings, trainings, don’t count. You have to somehow reach a 96% efficiency. It’s kind of like being in work prison. There is little to no chance of advancement. You have to invest years here before you are even considered. Favoritism abounds here. The audit process and systems are so complicated And convoluted, you’re going to be confused 99% of the time. Everything is always changing. Processes , templates, methodologies….everything. All the senior management are so worried about career advancement they undertake projects to improve things. That creates a HUGE mess. The company is so big and there are so many different lines of business it’s always chaotic and crazy. Too much to know and too little time focusing on actual audit work. Roles are never defined and you never know what you are responsible for. Too much work and not enough down time. You can’t reach out and contact people. You will get reprimanded for contacting the wrong people and asking a question. Everyone is kept fearful of senior management.

      5.0
      Aug 17, 2016

      Great company to work for

      Quality assurance analyst ii
      Recommend
      CEO approval
      Business Outlook

      Pros

      Tons of vacation time, great pay, ability to move up is fairly easy, lots of training and do a lot for the community

      Cons

      Sitting in cubicle all day, very repetitive, a lot of politics, people who truly work their butt off hardly get promoted, promotions normally go to people who brown nose

      3.0
      Aug 28, 2014

      Great Opportunity if you are in the right city with a Sr. Partner that wants a partner and not an assistant

      Fait- financial advisor in training program
      Recommend
      CEO approval
      Business Outlook

      Pros

      It is an awesome thing to be paid a salary while dedicating time solely to earning career changing licenses. The FAIT program model is great when executed correctly. The program is set up to develop you into a true practitioner with unlimited earning potential over the long haul and windfall bonus potential within the first 2 years. Partnering with the community bank is a no brainer for an aspiring Financial Advisor. The ability to hone your partnering skills opposed to spending time giving seminars is an absolute draw for me. My schedule is flexible although this might not be the case for every FAIT but I would think that most of the FAIT talent across the country is given autonomy when it comes to time management.

      Cons

      You can feel less in control of your career progression as you don't have much leverage as a Junior Partner without a trail of revenue. You tend to have "0" political capital with peers and bank partners as you are viewed as a Trainee due to corporate titling requirements and the need to service almost all clients segments while scrambling to acquire assets in the beginning. Senior partners can view you either as a workhorse to drive revenue for them or a partner to help increase capacity. Make sure you are the latter or you will be entering into a black hole that can potentially ruin your career. The brokerage culture can seem a little stuffy at times. Your peers will each have gigantic egos as if they are the only person to ever make 150k a year. "Attention all Ego Maniac Financial Advisors, there is some 18 year kid coming up with an iPhone app right not that will be a millionaire by year end. Make sure your Sr. Partner has a concrete plan to transfer a substantial amount of his AUM into your rep code before the launch of your production period. If not you will be fighting and scrapping for revenue the same as your independent channel peers that take home double the revenue for the same production. .

      Viewing 28 - 30 of 54,350 Reviews
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