Wells Fargo reviews

3.5

57% would recommend to a friend

(54,470 total reviews)
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Charlie Scharf

61% approve of CEO

55% positive business outlook

Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,470 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

54K reviews
3.0
Feb 28, 2011
Recommend
CEO approval
Business Outlook

Pros

Great people in the trenches. Flexible work schedules. Good inhouse training opportunities if you can find the time. Strong business side of the house. Powerful inhouse tools for collaboration of projects.

Cons

Without the right protector on the "in" you are on the way out. Watch the burnout. LIttle room for thinking outside of the box. Many protectors of the status quo prevent innovation. The list of people owed is long, so stand in line for years for a top spot.

3.0
Feb 25, 2011
Recommend
CEO approval
Business Outlook

Pros

Wells Fargo offers great benefits and usually you can move up within a year if you're good with your sales. Prepare to kiss ass though, if your branch manager or district manager doesn't like you, even if they just heard rumors about you, you will never be promoted. Incentives are pretty good and you can use your PTO whenever you (or your manager) wants.

Cons

Accounts may be hard to sell if you're a banker because the bank focuses on the number of accounts a customer has, the more the better, instead of focusing on one account that the customer can manage well without getting fees for not using it. Another thing, a lot of favoritism going on and cliques. In-store hours are long.

2.0
Feb 24, 2011
Recommend
CEO approval
Business Outlook

Pros

Large profitable enterprise with very conservative banking model making it stable from job security perspective

Cons

A giant with a highly federated model where individual entities have more power than the corporation itself. Individual product, lines of businesses and regions control everything that means strategic focus is not customer-centric, rather product widget sale driven. Very slow to get anything done and strategic proposals to go through the system significantly delaying the implementation in the market giving fast moving competitors significant advantage. From corporate culture perspective, individual thinking and risk taking is frowned upon. Bonus policies create a lot of laziness and hence many people who here just to collect paycheck (so very long tenures). Favoritism reigns supreme at all levels. Not much care for the line staff from salary and compensation perspective.

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Glassdoor has 58,577 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.