Wells Fargo reviews

3.5

58% would recommend to a friend

(54,304 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 54,304 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 Finanzas industry (3.7 stars).

Reviews by job title

54K reviews
4.0
Jun 5, 2008
Recommend
CEO approval
Business Outlook

Pros

The benefits and pay are amazing. Where else can you get 4-5 WEEKS off immediately upon hire? They definitely are concerned about their employees and spend the resources to ensure they are keeping up with our needs and concerns. The network and virtualization enables me to work from home a few days a week, which helps with fuel costs and pollution. In addition, Wells Fargo reinvests in the communities that it serves with a strong commitment. We are regularly encouraged to volunteer and contribute to community programs and I know that Wells Fargo sponsors many of those programs financially as well.

Cons

It's such a large company that we can sometimes lose sight of the customer's real needs and how we're helping them. We often repeat functions throughout the company and follow different processes making it hard to communicate between groups.

2.0
Jun 3, 2008
Recommend
CEO approval
Business Outlook

Pros

Wells Fargo Financial is a great place to learn how to sell. New employees with zero sales experience get great sales training that transcends to other industries. Management does encourage growth, and when you do well they make sure everyone knows about your success. If you move, there is usually a local Wells Fargo Financial branch to where you are going. Some of the best benefits in the industries. This is primarily a mortgage company, so to get a competetive base salary plus commision potential allows for less stress than other mortgage sales jobs which are usually 100% commission. Also, if you are not happy at Wells Fargo Financial you can always look to transfer within the Wells Fargo & Company families to find a better fit.

Cons

As a sub-prime consumer lender, sometimes you can feel bad about what you are doing. We help a lot of our customers, but at the same time some of the loans we do really aren't good loans and will eventually hurt us and our customer. Also, management sometimes wants us to do what's best for the company as opposed to what is best for the customer. This seems counter to the company's goal of "making good loans that improve our customers' financial situations." Also, there is a lot of pressure to hit goals, and that pressure sometimes leads to some employees in the company doing unethical things to get business booked. Also, our personal sales goals are usually unrealistic and are given to us too late to make an impact on how we plan to reach them. No cost of living raises, and performance based raises are very difficult to acheive.

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Glassdoor has 58,395 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.