Wells Fargo-personal banker 1 and advice

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Nov 14, 2011 5:19 pm

Hello,

I'm new to this forum so I'm sorry if this has already been asked/answered. Today, I had an interview for a full-time personal banker 1 position with Wells Fargo. I felt like the interview went great but now I am second guessing going into this line of work. Before I moved from NC, I was a real estate broker. I have been researching through different forums and have seen nothing but AWFUL reviews for this position at WF. I know the training is intense and it's very sales oriented, which I don't really have a problem with, but is it as much pressure as everyone is saying? I've never been in an atmosphere where I've been heavily pressured into selling or micromanaged. I guess what I'm looking for is any more information about this position with Wells. I haven't been offered the position so I'm getting ahead of myself but I would like to be prepared if it is offered.

Also, I forgot to ask my interviewer but will I need my series 7 and/or 66? I know she said my training would be 5 weeks long and classroom based but she didn't mention anything else.

Thanks for any input!

Nov 15, 2011 2:36 am

The reason the reviews are awful is because the majority of them are coming from people who couldn't produce.  Even though they might be bitter a lot of what they say is true.  You are pressured to sell everything regardless of what the clients real needs might be because at the end of the day management wants numbers...end of story.  The training isn't intense.  It's nice to get to know others bankers and such during the 5 weeks but you'll be bored after week one.  The only registration you will have is an NMLS ID because you will be selling heloc's.  No FINRA licenses.  They usually don't let you into the licensed program unless you've been hitting your numbers for 2-3 years.  In my case a couple years ago, I was the number one banker in my state for a couple quarters in row and after over a year of producing top numbers I jumped ship and joined a b/d.  If you have plenty of sales experience already don't bother with retail banking.  You need to try to get into a trainee program at a wire or something.  Last note, if you want to avoid being pushed into the ethical "gray" area by management everyday, if not more than that, then you need to stay away from Wells.  Good luck!