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      Wells Fargo

      Engaged Employer

      Wells Fargo reviews

      3.5

      57% would recommend to a friend

      (54,461 total reviews)
      avatar

      Charlie Scharf

      62% approve of CEO

      55% positive business outlook

      Ratings by demographic groups

      Wells Fargo has an employee rating of 3.5 out of 5 stars, based on 54,461 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
      Mar 24, 2010

      Pretty average bank job

      Personal banker
      Recommend
      CEO approval
      Business Outlook

      Pros

      They have a great 401 k match, 100%! Wells also offers a secondary pension plan, but you have to be there 5 years to vest. Wells offers a very comprehensive product line, so you can sell or refer for almost any financial need

      Cons

      It seemed that promotion and incentive were mostly based on favoritism and branch. If you were placed in a good branch and made a good impression, you were going to qualify for a lot of incentives and a chance to move up. If you were placed in a branch in a poor sales neighborhood, you had to work twice as hard to get anything. Secondly, sometimes finding the person to refer to or to ask a question of was almost impossible.

      5.0
      Mar 22, 2010

      Objective promotions. Great career growth potential.

      Branch manager
      Recommend
      CEO approval
      Business Outlook

      Pros

      Wells is a great company. I have been challenged and been able to grow and improve greatly in my personal sales during the past 3.5 years I've worked here. I've gained fantastic training and management experiences I wouldn't trade for anything. I've been rewarded with good monthly commission. This is a job that you have to earn. It's sales and I think some of the credit managers forget that sometimes. A lot of new hires feel entitled when they haven't yet proven themselves. They don't last long. No job that doesn't make you work for it is worth doing. This is not a company for babies. This is a company and a job where when the going gets tough, the tough get going.

      Cons

      Sometimes managers don't do as well as they should in managing expectations. Some credit managers come on thinking that earning VCP (commissions) will be a snap. No, you have to work for it. I don't have a problem with that fact, just that some new hires feel a little lead on. I tell people that if you've never done cold call telemarketing before that this job will feel like it. I have done cold-call telemarketing before and to me this job feels nothing like it. However if you treat this job as though you are a cold-call telemarketer you can do very well. The moving package is okay although not as good as it used to be. I don't like that our pension plans disappeared last year...not sure how that's going to figure into my eventual retirement plans. For 2009 there were several very heavily weighted portions of all us managers' reviews that had to do with company performance and not individual or branch performance. These measures actually made it mathmatically impossible to reach the highest rating, even if one scored perfectly in every single area that they could affect directly. That would definately be a disconnect between upper management and sales managers. It was quite a demotivator.

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      Glassdoor has 58,568 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.