Wells Fargo reviews

3.5

57% would recommend to a friend

(54,418 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 54,418 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
5.0
Sep 28, 2008
Recommend
CEO approval
Business Outlook

Pros

Wells Fargo has weathered the recent Mortgage crises because the company has employed a conservative business model. That translates to higher stability for the company and it's employees. Wells Fargo also has favorable benefits (e.g. 100% 401K match on up to 6% of salary) compared to similar positions in similar companies. I've been with the company for 10+ years and have had the opportunity to work on a number of interesting projects. It can be stressful at times but I have never been bored. I've had several co-workers who have left the company to take positions with other companies and everyone of them later regretted their decisions.

Cons

The company is very large and has become increasingly bureaucratic.

4.0
Sep 27, 2008
Recommend
CEO approval
Business Outlook

Pros

Because WF is a financial services company, not just a bank, there are many diverse jobs availabe and WF encouranges hiring from within. Career advancement is supported and employees are encouraged to take advantage of educational opportunities, both internal and external. The company holds to the highest ethical standards, which made me proud to work there; regulatory restrictions often made providing great customer service a challange, but there was an honest commitment to doing so. WF has great potential as a company and has largely avoided the excesses of the sub-prime lending debacle.

Cons

WF is actually a conglomerate of companies. While an effort was (and is) being made to create "One Wells Fargo", this has not been fully realized. Customers assume WF is one entity, but internally responsibilities are divided, and sometimes shared, between various divisions. This creates frustration for customers with issues and inefficiencies in problem resolution. The retail sales environment hinders the development and retention of experienced bankers by continuously raising sales requirements and creating gimmicky bonus programs that make it difficult for bankers to meet all the requirements to earn their bonuses. Burnout is a real problem in non-retail depertments as well.

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Glassdoor has 58,524 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.