There are newer employer reviews for Wells Fargo

2 people found this helpful  

Great place to work, but limited internal growth potential

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Operations Analyst III in Charlotte, NC (US)
Current Employee - Operations Analyst III in Charlotte, NC (US)

I have been working at Wells Fargo full-time (more than 8 years)

Pros

The people are great. The company is strong and stable. There are many job types and opportunities within the company. It's a great place to get experience.

Cons

There is an internal policy that limits growth of the employees to about 15% for internal promotions. This isn't an issue if you join the company at a reasonable market rate, but if you are planning on starting at the bottom and trying to work your way up, you will quickly find that you will always be at the bottom. The consensus from employees I have spoken with is that the best way to earn a respectable salary is to leave the company and come back at a decent rate. I know two individuals who did this and doubled their salary in one year, keeping in mind that they were severely underpaid to begin with.

Advice to ManagementAdvice

Try to build a better culture of talent retention. Too many great employees leave because of the rigid compensation policy. Just because you get a bargain rate on an employee to begin with doesn't mean that you should hold them at the bottom for the rest of their career. The smart employees will always leave for better pay, and you will be left with the least ambitious, least talented people working for you for the long term. This does not seem to be a very good recipe for success.

Recommends
Positive Outlook
No opinion of CEO

6741 Other Employee Reviews for Wells Fargo (View Most Recent)

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  1. 2 people found this helpful  

    Financial Analyst Program

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Financial Analyst Program in Salt Lake City, UT (US)
    Current Employee - Financial Analyst Program in Salt Lake City, UT (US)

    I have been working at Wells Fargo full-time (less than an year)

    Pros

    Professional environment that encourages professional growth and progression. An environment of mentorship and learning.

    Cons

    Don't think there are any real good cons to list.

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Strong teamwork, diverse opportunities and customer focus company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Software Developer Manager
    Current Employee - Software Developer Manager

    I have been working at Wells Fargo full-time (more than 5 years)

    Pros

    - There is great teamwork in play here. The dynamics within a project team and also among cross-functional teams are great.
     - With solid financial base and great strategy that is proven in both good and bad economy, the job is pretty stable
    - Within so many lines of business and growing national and international reach, team members can find opportunities in many different geographic locations.

    Cons

    - Being such a large bank and conservative in nature, the transition to latest technology usually is a bit slow.
     - The change management has its own bureaucratic process
     - The visibility of what technology are being used in different parts of the bank seems pretty opaque

    Advice to ManagementAdvice

    - There seems to be good amount of duplicate efforts.If there were common technology framework created, different teams simply could leverage it instead of creating their own version of inefficient process.

    Recommends
    Positive Outlook
    Approves of CEO
There are newer employer reviews for Wells Fargo

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