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Wachovia Corporation

Commercial Lending

VAULT RANKINGS 2009


GENERAL INFO

Headquarters: Charlotte, NC
3889 offices (Company stats)
Also Known As: Wachovia, Wachovia Bank, Wachovia Corp, Wachovia Wells Fargo

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"


COMPANY INITIATIVES

Corporate Diversity Programs,
View from the Top: Minority Executives Q&A

From the Community


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Wachovia REVIEWS


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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.

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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."

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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, …

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?? …

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Wachovia Corporation Perspective


One of the biggest banks in the U.S. - and getting bigger


Wachovia is the fourth-largest bank holding company in the U.S., with $782.9 billion in assets as of Dec. 31, 2007, and the third largest full-service brokerage firm based on client assets. With 120,000 employees, the company is still in growth mode, most recently acquiring brokerage firm A.G. Edwards in 2007. Their headquarters are in Charlotte, NC.

Getting Hired



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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.
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NEWS AND UPDATES

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