Wells Fargo reviews

3.5

57% would recommend to a friend

(54,530 total reviews)
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Charlie Scharf

61% approve of CEO

54% positive business outlook

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,530 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).

Reviews by job title

55K reviews
1.0
Apr 23, 2012
Recommend
CEO approval
Business Outlook

Pros

Benefits are good. Pay is average. 401k matching. Company has recognized brand behind it. Potential to move up quickly to a point...but then your stuck.

Cons

Management treat employees like children. Widgets are more important than quality business. Management promotes unethical sales practices on the hush hush,..but will fire someone in a second if a situation arises. Management says one thing but expects another. Constant micromanagement...multiple daily conference calls "intimidation and threats". No respect for personal or family time. Unrealistic goals...zero flexibility. In my honest opinion... Just a circus. I am still shocked at what goes on in this place. What a joke.

3.0
Dec 20, 2011
Recommend
CEO approval
Business Outlook

Pros

The company is very strong and has a lot of job security. Overall, when working in the retail banking section of Wells Fargo, you never have fear of being laid off. A manager once said to me, the closer you are to the customers the more job security you have. Also, the benefits are great, even for those tellers who are part time. They offer paid holidays, vacations, tuition reimbursement, etc. It's also a great resume builder. If you're looking for a career in sales, Wells Fargo bankers who are good end up getting great sales experience that will definitely help you in your future career.

Cons

This company houses some of the most unethical bankers that set foot in the financial industry and the worst part is, it's the company's fault! They make the goals so unrealistic and therefore it pushes the pressure down from upper management to retail personal bankers and the only way they are capable of making their goals is to do things that most times are NOT in favor of the customer. Bankers are often closing and opening accounts, opening accounts for people who don't really need them, and worst of all opening numerous accounts for friends and family that end up getting charged fees and closing off on their own. The whole system for wells fargo sales goals focuses most on quantity of products opened rather than quality. Especially with the new account changes that makes it increasingly difficult for bankers to open accounts for customers who do not have direct deposit or a minimum balance. Also, this particular position i am in, which is the CSSR position, is basically a way for management to work you like a personal banker and pay you just a little above a teller. It's now becoming a company norm for retail managers to hire CSSRs instead of bankers just so the company can save money. 'd say its an okay company overall if you're ethical and are able to sell products the right way but be prepared to take the ride of your life.

1.0
Oct 23, 2011
Recommend
CEO approval
Business Outlook

Pros

The technology is advanced. You can learn about many diverse areas of banking. They have many different product lines banking, brokerage, insurance, loans. Easy to get in if seeking entry level or second career.

Cons

This company will suck the life out of you! They expect you to act like a physician always on call, not matter what. However, the compensation in no way warrants the demands. You are never, ever, going to be able to deliver enough for this company. If you do well, they simply short staff your branch and expect more. They talk a good game about career development, work life balance, etc. Do not be fooled this is the WalMart of banks.

Viewing 382 - 384 of 54,530 Reviews

Glassdoor has 58,637 Wells Fargo reviews submitted anonymously by Wells Fargo employees. Read employee reviews and ratings on Glassdoor to decide if Wells Fargo is right for you.