Wachovia Reviews

Updated 26 August 2014
Updated 26 August 2014
670 Reviews

3.5
670 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Wachovia Chairman and CEO John G. Stumpf
John G. Stumpf
176 Ratings

Review Highlights

Pros
  • Wachovia was very committed to work-life balance (in 39 reviews)

  • Good benefits package, great earning potential (in 52 reviews)


Cons
  • Limited cross group interaction at levels below senior management (in 31 reviews)

  • Since the merger with Wells Fargo healthcare insurance is not the best (in 11 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    Loved working here! (call center)

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Call Center Customer Service  in  Allentown, PA (US)
    Former Employee - Call Center Customer Service in Allentown, PA (US)

    I worked at Wachovia part-time for more than 10 years

    Pros

    Was great place to work when it was Wachovia! I will rate below based on Wachovia.

    Cons

    When they became Wells Fargo it took a turn for the worse. Everyone was unhappy employees and customers. The company stopped caring about the customer and only cared about the almighty dollar. Overworked, disrespected and unappreciated their employees. (sad)

    Doesn't Recommend
  2.  

    Was a great company, sorry to see it gone.

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

    I have been working at Wachovia

    Pros

    Customer service was the best in the country.

    Cons

    It was hard to advance career.

  3.  

    Popularity contest in Derivative Operations

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee  in  Charlotte, NC (US)
    Former Employee - Anonymous Employee in Charlotte, NC (US)

    I worked at Wachovia full-time for more than 5 years

    Pros

    Willing to pay for external talent...Charlotte is an excellent city to live in. Good place to work if learning and not interested in promotion or questioning policies/processes/procedures. Plenty of good people, unfortunately they are not in management.

    Cons

    Very difficult to promote/transfer internally for high level performers. High level will often be kept in their current position and not allowed chances to grow or change. Less talented employees who focus on popularity contests are more easily promoted and then re-shuffled when they fail. Ethics are not highly regarded and mgmt shows no interest in generating a positive work atmosphere. Highly ethical individuals might become uncomfortable over time.

    Doesn't Recommend
    No opinion of CEO
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  5.  

    Great Company To Work For

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

    I have been working at Wachovia

    Pros

    Able to learn about multiple functions

    Cons

    Being in the location that I was in, the atmosphere was slow.

  6.  

    Great experience working in firm on brokerage side of the house

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Stockbroker
    Former Employee - Stockbroker

    I worked at Wachovia full-time for more than 3 years

    Pros

    Good corporate culture. although you can get overlooked as a low producer. emphasis on higher income producers. these producers would get higher percentage payouts.

    Cons

    sold to wells fargo. did not allow for a share holder vote. in the quarterly report before the firm was stating they would go bankrupt, wachovia stated the firm was in a strong financial position.

    Advice to ManagementAdvice

    none

    Recommends
    Neutral Outlook
    No opinion of CEO
  7.  

    Great place to work until Wells Fargo came with their horrible leadership!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Grunt  in  Raleigh, NC (US)
    Former Employee - Grunt in Raleigh, NC (US)

    I worked at Wachovia full-time for more than 10 years

    Pros

    Co-workers were like family.Training was excellent.....Wells Fargo training methods were a joke...

    Cons

    Typical corporate.....No perks!......Wells Fargo Training Style AKA which way is the wind blowing!

    Advice to ManagementAdvice

    Wells Fargo changed procedures daily.Employees left after being with Wachovia for over 20 yrs.

  8.  

    Wonderful Place to Work

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Relationship Manager  in  Bristol, VA (US)
    Former Employee - Relationship Manager in Bristol, VA (US)

    I worked at Wachovia full-time for more than a year

    Pros

    Great benefits, I loved the people I worked with. Little sales pressures,

    Cons

    Technology was outdated so I felt frustrated at times

    Advice to ManagementAdvice

    Keep doing what you ar doing

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    strange corporate culture dot com style in charlotte

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Javascript Engineer  in  Charlotte, NC (US)
    Former Employee - Javascript Engineer in Charlotte, NC (US)

    I worked at Wachovia as a contractor for less than a year

    Pros

    during merger with wells fargo this was a terrific javascript only development position with little supervision and large latitude to complete tasks

    Cons

    slow development turn around with software engineers and odd paper thin cloth octagon cubicles so you could hear every nose scratch or click of people next to you

    Advice to ManagementAdvice

    manager left and got team members he liked to follow him to a new company

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Legal

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Wachovia full-time

    Pros

    Wachovia was very committed to work-life balance. Offered a great benefits package, generous vacation, sick days, family care time, and time to participate in charitable events. Was a great place to work.

    Cons

    Too many management layers and very tight budgets.

  11.  

    sad

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

    I have been working at Wachovia full-time

    Pros

    over time pay was good

    Cons

    had to keep selling to get good reviews

    Advice to ManagementAdvice

    set real goals for sales

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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