Wells Fargo reviews

Most senior management is often out of touch with what is really going on. There seems to be no logic behind promotions and titles. Someone who has worked here for less than a year can be given an AVP title, while someone who is a recognized contributor and has worked here for 5 years is not nominated. It's often very easy for a slacker to hide among real contributors, and benefit from the group's achievements. There are a lot of redundencies in work efforts. A project is kicked off, work is done, and then the project is canceled for some reason. A year later, we kick off again and have to re-do everything. The "sales culture" leads to people who make a lot of money for the bank getting the most recognition, while the people behind the scenes who made it happen operationally are overlooked.

People are expected to work their way up from the very bottom. Having a higher educational degree is not recognized as an asset. I've read an email where a mid-level manager wrote, "a college degree only shows they know how to test well." Many mid-level managers have no secondary education and end up repeating operational mistakes; with human resource management, ethical behaviors, and appropriate risk management; over and over again.