Wells Fargo reviews

3.5

57% would recommend to a friend

(54,463 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 54,463 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 Finance industry (3.7 stars).

Reviews by job title

54K reviews
4.0
Dec 14, 2021
Recommend
CEO approval
Business Outlook

Pros

Generous PTO 6% 401k Match, fully vested in 1 year 16 weeks paid parental leave Good benefits

Cons

Little room for advancement in niche groups Boomer management style Lots of clock watching/micromanagement Pay is not competitive, they often only give 1-2% merit increases Lots of emphasis on profits and shareholders Inflexible in almost all ways due to corporate oversight and regulatory oversight Hard to negotiate Everything moves at a snail’s pace Bad middle managers roam free—many are bully-like but no action is ever taken against them. They don’t like change and want to stay old school—frustrating if you’re young and idealistic.

3.0
Dec 13, 2021
Recommend
CEO approval
Business Outlook

Pros

Really dedicated to doing better for customer after the settlement, good health insurance, have always had a great management team

Cons

There is much more flexibility needed for employees to find a better work/life balance. The CEO is very set in his ways about work from home, and there are a lot of employees in situations where they would be much more comfortable working from home full time, or at least part time. Right now everyone in a non customer facing roll is working from home due to the pandemic, but that will be ending soon, despite states still having high hospitalizations from COVID, etc., but the CEO is adamant we can only do our best work in the office, which we have disproven the last 2 years. Also there are a lot of employees who have good medical reasons for a work from home accommodation, but that accommodation is rarely granted, even with several doctors recommendations (I speak from experience here). After finally getting to try work from home, I find myself looking to finding a job with a new company because it has been so life changing in how I manage my illness. It's a shame because I have over a decade of experience with the company, and love my job, but there is no guarantee even the part time work from home offer while we get used to being back in the office will continue.

2.0
Nov 23, 2021
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.

Viewing 43 - 45 of 54,463 Reviews

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