So I received offer to join another investment firm in similar compliance position. They have 200 financial advisors versus 10,000 plus at WFA. The hiring manager told me they recently fired a person that joined from Wells Fargo Advisors cause they wanted to run things like Wells Fargo. The hiring group also was concerned that the tasks at this smaller firm might be too mundane for me. They made me an offer to match my current base salary but lower bonus potential. They refused to offer any more. Did I make a mistake to get out of this he-l hole? It just did not feel right when the interviews seemed negative. I told them why would I leave to make less and the emphasis on firing people and pessimism on a big company transfer caused me pause. I told them I would need a little bump to make the move and it was a quick NO! Thoughts?
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if you are about to be fired (like on final PIP or have a location strategy problem) that's one thing. if you're just looking for a better quality of life/work environment that's another.
A timeless truth: A company never treats you any better than when you are a candidate that they want to hire. the experience you describe is not good for many reasons that have been detailed on this thread. it will only get worse from there if you take the job.
Its interesting to note how they gaslighted you -- telling you "they recently fired a person that joined from Wells Fargo Advisors cause they wanted to run things like Wells Fargo."
During this transition phase, it's wise to note that the ways of Wells may not be the best. Realize that the scandal set Wells in a very unfavorable light. What you can say is that you tried to stay away from the bullies at Wells. If you are a manager you learned your style somewhere else (where bullying clients and directs was not rewarded). I suggest that managers read the book "The Fearless Organization" and/or google "psychological safety" "wells fargo".
Really good feedback here that I’ll echo:
You know the answer already, and you know better than to take a job that is already trying to gaslight you into feeling smaller.
You are hirable and you deserve to make the money you make. Don’t let some opportunistic company make you doubt your worth. You know the answer, and if this is how they treat you on the way in, imagine how they treat you once there.
If you came here for validation, you’ve got it. If there’s one thing I’ve learned over my long career, it’s this: if there’s one bad job offer there’s another one.
You are hirable. Make your next move a good one, not a desperate one.
Run away as fast as possible. These guys make WF look like choirboys.
On the Wells Fargo side, i am on the bell curve manage out thing with performance reviews highlighting I forgot to cc an assistant on an email 4 months ago, why can’t you make people do their job in another department, I need more education on the business from a manager with no FInra licenses and I have 6, you misspelled a word on 300 word internal document, etc etc you know the drill. Then on plus side very little other than completed the continuing Ed, generalized comments on getting work done.
Yo! Call a friend, family member, or EAC and talk to them about it. What are you expecting from the people on this anonymous website. You opened up a new can of worms mentioning the first interview experience. The potential company sounds like cr-p.
They rejected your counteroffer. The first offer still stands. Take it or leave it!
- Negative: Less Money
- Negative: Sketchy comments and behaviors by prospective employer
- Potential Positive: It is not Wells Fargo
Sounds like a NOGO. However, if you are in a PIP or not a meets, I would bail because your days are limited.
The decision has already been made. The hiring manager did not bad mouth Wells Fargo but rather someone that looks like you did not work out. Also hiring manager did not show for scheduled first interview (due to sick 5 year old). HR alerted me of cancel upon walking in the door. I met with junior staffer instead. Just looking for second opinions given I see leave wf asap all over this board.
Any firm that feels wrong to you likely is. I have interviewed and accepted a few offers only to find that the firms were run poorly or dishonestly. Never take less than you're worth. A firm that brags about firing is garbage. Stay away from red flags. Never sign an NDA. Call the the firm out on their bad behavior. I have.
OP - I wouldn't do it. They're badmouthing WF as a way of trying to talk you into less money. It sounds like they'd also be watching you for signs that you're still doing things the big bad Wells way.
Interviewees are always told to never badmouth their employer during an interview. They did they opposite to you. It's not horribly offensive, but it's really bad form.
This is an interestingly written fact pattern that you wrote OP. The call of the question is: I told them I would need a little bump to make the move, and it was a quick NO! Thoughts?
- Offer
- Rejection
- No counteroffer (take it or leave it)
You had a bad gut feeling.
You rejected their offer. They pay less because they make less revenue.
They used WF against you to not be competitive, which means they do not value you even before entering the door.
I am with the comment below: "Man, the lack of decision-making ability for some people is astounding. You already answered your own question."
Man, the lack of decision making ability for some people is astounding.
You already answered your own question.