Pros
The best reason to work for Wachovia is the benefit structure. Wachovia provides a myriad of health plans that can be purchased by associates. In addition to the health benefits, the corporation is very generous with time off benefits. Most associates start with 3 weeks paid time off in their first year. There is also a provision for 2 weeks of paid time to take care of a family member who is ill in addition to your 3 weeks paid time off. For retirement benefits, Wachovia has ended their pension plan. The 401(k) has a very generous employer match of 6 percent after your first year of employment. The generous portion is that there is instant vesting in the employer match. You keep everything they contribute once you qualify for the match.
Cons
The biggest downside to Wachovia is the constant changing of focus in the corporation. Middle management uses a "flavor of the month" approach as opposed to having a consistent approach to guiding subordinates to success in the firm. As a result, there is not much interest in the advancement of employees. There are limited positions in areas away from the corporate office that an employee can aspire to.