Wachovia Corporation

Also Known As: Wachovia, Wachovia Bank, Wachovia Corp, Wachovia Wells Fargo

Commercial Lending

VAULT RANKINGS 2009

#18 Prestige

GENERAL INFO

Headquarters: Charlotte, NC
3889 offices
View all company stats

THE BUZZ…

"Investment banking advisory isn't competitive with bulge bracket firms"
"Prestige is rising"
"Another corporate giant trying to catch Bank of America"
"Expanding out West; has done a good job aligning businesses and formulating a new company model"

NEWS AND UPDATES

Vault's Scoop

Uppers

Reasonable hours

Great diversity

Downers

Management hierarchy in place

Advancing can be difficult

ABOUT THIS COMPANY:

Not so golden?

In November 2008, the Securities and Exchange Commission opened an investigation into Wachovia Corp.'s mortgage lending practices and disclosures to its investors. The probe is seeking to uncover whether Golden West Financial, which Wachovia purchased for $24 billion in 2006, urged customers into costly loans and modified paperwork to get the loans approved.

From the Community

Wachovia REVIEWS

Inside opinions that matter, collected by Vault from employees at companies around the world.

View all Wachovia Corporation reviews

Are you currently working for Wachovia Corporation or have been an employee in the past?

Submit a review

Wachovia SALARIES

Wachovia Corporation salary & compensation reviews include all signing and year-end bonuses, vacation time and other perks and reimbursements that make up total compensation.

View all Wachovia Corporation salary reports

Wachovia SURVEY SAYS

Focus, people, focus

Wachovia is a "good company" that's "truly focused on the customer service experience of each client." One insider adds it's a "great company if you get into the right branch and work with the right people," but says it's also "extremely short staffed which leads to a lot of stress." But "if you can get into a good branch that is staffed appropriately, you will be the happiest person alive." It's a "performance-based culture" that's committed to "pleasing their customers," but this concept "extends over their treatment of employees."

DISCUSSIONS

New Topic: Effect of Foreclosure on Jobs in the banking industry
I am wondering how a foreclosure effects employment opportunities for a manager level job within the banking industry (and within how many years …

New Topic: Licensed Financial Specialist (2 replies)
Last reply: the goals depend on what financial center you are in and reaching goal only lets you keep your job. if you want to make money or be promoted, yo …

New Topic: Licensed Financial Specialist (2 replies)
Last reply: How high are the set goals?? Seems there is a high turnover. Base pay plus commission realistic goals?? …

Getting Hired

Tips from the inside

A thorough review

The recruiting process at Wachovia can be "long and tough," insiders say. Wachovia recruits heavily at undergraduate and graduate schools; an up-to-date list of target schools can be found in the careers section of the bank's web site. There's also an online application system for candidates whose schools aren't on the list, and the process for summer positions mirrors the one for full-time employment. Campus candidates usually begin with "an on-campus screening interview." If that goes well, it will "lead to an invitation to a Super Day interview," often in Charlotte but sometimes in New York or another major regional office.
Become a Gold Member or Log in to read the entire Getting Hired

Company Initiatives

View from the Top: Minority Executives Q&A

Save to My Vault