Good company, terrible mgmt style and mistreatment of employees - Credit Manager Wells Fargo Employee Review

4.0
Dec 2, 2008
Recommend
CEO approval
Business outlook

Pros

Excellend company, classy, and good organization structure.

Cons

Repetitiveness; not really being able to take on new challenges, questionable management. Dissatisfaction with the way they handled a very important personal situation. There is a huge conflict of interest within the entire company. "Financial" is the consumer finance division of Wells, their primary product is sub-prime refinancial/lending. However the consumer finance division also offers auto secured lending and unsecured lines of credit. The problem is Financial offers higher rates on the secured and unsecured lending products, you solicit these products to existing Wells customer to offer diversified products, but some if not most these existing customers have similar products already at much much lower rates. So how can the same company offer similar products, to existing consumers, at a higher cost?! How would take a line of credit from Financial @ 18%-24%, when they can call the Wells Bank in South Dakota via phone, or internet and obtain the same product for a 4-13% rate? You competing for consumers within the same parent company which the biggest competitor ironically!

Explore other reviews about Wells Fargo

5.0
Jun 24, 2026
Recommend
CEO approval
Business outlook

Pros

was a easy process for the internship

Cons

no real bad thing to point out

4.0
Dec 1, 2014
Recommend
CEO approval
Business outlook

Pros

Benefits (but cost creeping up and coverage creeping down each year), Good Morale Both Management and Coworkers, and Honestly a Great Company.

Cons

Cross Selling is the only focus now, firing employees who are great at their job in every area that should matter but if the cross selling results are not meeting the ever ridiculous quota (which continues to rise) than you may not have a job next month. Expectation for customers to say yes to cross selling, leaving you with no real control of your job security. Stress!

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