Wells Fargo Financial:Great place to start a career, but not to finish it. - Credit Manager Wells Fargo Employee Review

2.0
3 Jun 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.

Explore other reviews about Wells Fargo

5.0
16 Jan 2026
Recommend
CEO approval
Business outlook

Pros

Wells Fargo is a great place to work. You can find a great support and opportunities to growth during you career.

Cons

You have to handle with difficult customers most of the time.

4.0
1 Dec 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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