Risk Management Consultants represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $85K annually — though Analytics Consultants, Financial Consultants, and Private Bankers also do fairly well at $84K, around $75K, and $64K, respectively. Wells Fargo & Co. hands out some of the smallest paychecks to Personal Bankers (approximately $34K on average).
When it comes to location, the highest average paycheck (about $102K per year) can be spotted in the company's headquarter city of San Francisco, Calif.; Phoenix, Ariz. (approximately $91K), Charlotte, N.C. ($77K), and Minneapolis, Minn. ($69K) are the next top-paying cities. Approaching the lower end of the pay scale (at $59K) is Des Moines, Iowa. By state, the highest pay levels are found in California, where the average Wells Fargo & Co. employee makes about $95K annually.
Years of Experience
Those with one to four years of experience at the company can expect to make around $54K per year on average. Respondents who have been working for five to nine years make $74K annually on average. When we consider tenure, a substantial portion of employees (34 percent) have been working for 10-19 years and make $84K per year on average.
Certifications and Degrees
Salaries approach $99K annually for Project Management Professionals; non-accredited workers make much less. Certified Public Accountants also rank high on the pay scale, with expected average earnings of about $85K per year. The highest-paying degree here is a B.A. in Business Administration; Wells Fargo & Co. awards approximately $99K to these degree-holders.
In this position, it pays to have SQL in your toolkit; employees who claim proficiency enjoy a higher median salary of around $92K annually. A garden variety skill at Wells Fargo & Co. is Financial Analysis; close to one-sixth of Wells Fargo & Co.'s people use it regularly. Three more common skills are Microsoft Excel, Customer Service, and Microsoft Office.
Benefits and Perks
Benefits packages do tend to lack paid time off; Wells Fargo & Co. gives paid vacation days to one in three survey participants and sick leave to an eighth of respondents. The vast majority of survey participants participate in a 401(k) program. Perks cover health insurance for a large number of respondents and dental coverage for most survey participants. Wells Fargo & Co. folks also make good use of tuition reimbursement, life insurance, a casual working environment, and a subsidized cell phone.