Hi there! My husband is currently interviewing for a Senior Premier Banker role at WF. He was laid off from Morgan Stanley in November. With all the layoffs happening at WF what is your advice? Would this role be safe do you think? I know we can’t help it but just nervous he will face layoff again.
Thanks
14 replies (most recent on top)
If it's the only option he has, he should go for it. He can always look for a new role later if it doesn't work out.
Have also heard good things about the role and its growth.
Good luck to you and your family during these stressful times!
career advice for anyone in banking - unionize or go extinct.
This is a role I have been in. You can make a lot of money but you need to have a good FA and be prepared to help mass market customers a lot. The role has become too fluid and it changes day to day based on branch staffing needs. If the FA is brand new run away. He will not only be learning the role and how it works at Wells but will more than likely more known than the FA.
If your husband has another option then I would advise that he stay away from Wells Fargo as an employer.
Of course he is going to be paid off. You are asking a question that you already know Thea swear to!
I'm interviewing for this role as well. It's a great opportunity and they are growing this position a ton. They are building it similar to the chase model but it pays significantly more.
They want to hire like crazy in this role. Great opportunity..ignore the trolls
If the sole thing that he’s worried about is getting laid off again, I’d hope any position they’re currently listing is one they’ve determined they actually need for at least the next year. Especially considering there are a lot of parts of the bank with effective hiring freezes right now, I’d think if they actually extend an offer it should be about as safe as any other job out there. But I’m not in that LoB either.
RUN.
Wells is really trying to pump up the Premier Bank initiative. I'd say go for it
If he's out of work, he can use this as a stepping stone until something else comes along.
Wells Fargo has had too much baggage for me to recommend the firm to anyone. Please note that Wells Fargo has an asset cap, multiple consent decrees, and a growing union presence. Bluntly, find a better bank. Remember also that Senator Elizabeth Warren has suggested breaking up the bank. I agree.
I have been told more than once SPB is an extraordinary profitable position for the bank. It’s a good role.
The bank is now all in on avoiding risk, tell your husband to focus on how he will mitigate risk while maximizing the customer experience