Taro Logo

Poor growth opportunity

Software Engineer
Current Employee
Has worked at Wells Fargo for 9 years
January 28, 2022
Charlotte, North Carolina
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Benefits are solid. Good PTO, 401k, HSA, etc.

Cons

If you work long enough, your bonuses start to shrink and your pay is stagnant, so you end up making less year after year.

There are few opportunities for advancement or increasing your skills.

Attempting new things and expanding skills, at the request of management, in my experience resulted in a bad review and no bonus at all after several years of excellent reviews in my previous role. This incentivizes staying put and not expanding skills or trying new things.

Politics and constant executive shuffle in technology, where much of the work is zero-benefit added work, to change technology as required only to change it again in a year because a new executive had a different idea, is constant, giving no value to the end user.

Career stagnation is likely here.

Advice to Management

Stop making top-level, universal decisions. Trust your lower and mid-level managers, who are closer to the customers and workers, to make decisions that are right for the needs of the customer.

Incentivize employees to take risks with their careers and to develop new solutions and technologies.

Was this helpful?

Wells Fargo Interview Experiences