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
3.0
Aug 28, 2014
Recommend
CEO approval
Business Outlook

Pros

It is an awesome thing to be paid a salary while dedicating time solely to earning career changing licenses. The FAIT program model is great when executed correctly. The program is set up to develop you into a true practitioner with unlimited earning potential over the long haul and windfall bonus potential within the first 2 years. Partnering with the community bank is a no brainer for an aspiring Financial Advisor. The ability to hone your partnering skills opposed to spending time giving seminars is an absolute draw for me. My schedule is flexible although this might not be the case for every FAIT but I would think that most of the FAIT talent across the country is given autonomy when it comes to time management.

Cons

You can feel less in control of your career progression as you don't have much leverage as a Junior Partner without a trail of revenue. You tend to have "0" political capital with peers and bank partners as you are viewed as a Trainee due to corporate titling requirements and the need to service almost all clients segments while scrambling to acquire assets in the beginning. Senior partners can view you either as a workhorse to drive revenue for them or a partner to help increase capacity. Make sure you are the latter or you will be entering into a black hole that can potentially ruin your career. The brokerage culture can seem a little stuffy at times. Your peers will each have gigantic egos as if they are the only person to ever make 150k a year. "Attention all Ego Maniac Financial Advisors, there is some 18 year kid coming up with an iPhone app right not that will be a millionaire by year end. Make sure your Sr. Partner has a concrete plan to transfer a substantial amount of his AUM into your rep code before the launch of your production period. If not you will be fighting and scrapping for revenue the same as your independent channel peers that take home double the revenue for the same production. .

1.0
Oct 25, 2023

Don't Work Here

Recommend
CEO approval
Business Outlook

Pros

This ran its course. Was there too long and I'm glad I'm gone. Benefits. Good co-workers trying to do a good job.

Cons

1- Wells is not the same company and is an embarrassment. 2- DEI and a woke culture has taken over. You will know it and have to engage in it because it will fill your work space every day/month to a point of being brain washed. 3- Senior management ties your manager's hands to a point where any good idea you have will never get implemented because of the layers and layers and layers of management. 4- Pay is not consistently applied to those with the same position. They will take advantage of you when they can without you realizing it until some later point. They will give you more responsibility with the perception they are happy with your work without additional compensation. 5- Notice the favorable reviews come from overseas workers? 6- Wells has tried for 6+ years to get out of the scandals they created and still can not get out from the asset cap imposed by the Federal Reserve. What does this tell you? Do you really want to work for a company like this? 7- Your work is audited to a point of nauseam. Don't make any mistakes either or they can hold it over your head come any raise or bonus time. 8- The money they waste because of inefficiencies, settling lawsuits, etc. because they have such deep pockets is mind blowing. If only that money was channeled to your workers, who actually deserve it.

1.0
Apr 1, 2022
Recommend
CEO approval
Business Outlook

Pros

There are some good people there that haven't left yet

Cons

Does not promote from within, prefers to hire outside of the company. There is no clear path for promotions, and they are not talked about. You get pigeon-holed and forgotten about. Applying internally for other positions is a waste of time as you won't get a response of any type. HR is doesn't seem to exist. Communication is horrible. Management only doles out the minimal amount of information as it is needed. Lots of backstabbing, so always need to CYA. Teams do not work cohesively. Management gives entire teams bad ratings, contrary to what was being said all year. They give a generous 1 to 2% raise if you do get a good review. Employees are not treated as assets, but more like contractors where they will get rid of you on a whim. Saw several people with 20+ years of experience and knowledge suddenly let go without warning. My recommendation would be to never apply here, ever.

Viewing 49 - 51 of 54,463 Reviews

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