Wells Fargo
RepVue Score
0
Wells Fargo
Back to ReviewsFormer Employee Senior Premier Banker - success is branch dependent. Avoid mass market areas. You get walk ins and branch client referrals. No potential for advancement, big ongoing changes in Org, bank is constrained on lending due to fed reserve asset cap. Expect to close few mortgages and next to no commercial lending. Bank is pushing managed money above all. No incentive comp for bringing in deposits (only lending and investments). Base pay is OK vs chase/BofA, but much less than any decent regional bank (US Bank, BMO, PNC). Some of the credit college resources are good if you want to learn and then leave, but you cannot grow at Wells. They are under a long process of remaking the bank which will take another 3 years minimum. Their Private Bank is pulling back and downsizing, their balance sheet is constantly being trimmed to stay under the cap and corporate banking / lending is prioritized. Middle market is next, and small business is an afterthought. No promotion out of the branch, since management layers have been consolidated. Some limited possibility to become a financial advisor. My advice: Find a branch in an affluent area, network with your clients, and plan your exit
2.6
Jan 31, 2024
1 Useful
