When it comes to location, the highest average paycheck (approximately $101K per year) can be spotted in the company's headquarter city of San Francisco, Calif.; Phoenix, Ariz. ($81K), Charlotte, N.C. (about $75K), and Minneapolis, Minn. ($72K) are the next top-paying cities. High paychecks are not found in Raleigh, N.C.; in fact, at around $51K it is one of the worst-paid cities. By state, Wells Fargo & Co. employees make the most in California, earning $93K annually on average.
Earning $82K per year on average, Analytics Consultants receive the most money, followed by Business Consultants (approximately $77K), Risk Management Consultants ($74K), and Financial Consultants (around $72K). Earning only about $34K on average, Personal Bankers make less than most people in the company.
Years of Experience
For those with five to nine years of experience, average earnings amount to $72K annually. Those with one to four years of experience at the company can expect to make approximately $55K per year on average. The greater proportion of employees (34 percent) report 10-19 years of experience and bring home median pay of $78K annually.
Certifications and Degrees
Salaries approach around $100K per year for Project Management Professionals; non-accredited workers make much less. Bigger paychecks are awarded to Certified Public Accountants with credentials; these people earn about $84K annually on average. Wells Fargo & Co. workers who hold a B.A. in Business Administration are also well compensated, earning $99K on average.
In this position, it pays to have Project Management in your toolkit; employees who claim proficiency enjoy a higher median salary of $89K per year. Financial Analysis is regularly seen around here; around a sixth of those surveyed report it as a core competency. Microsoft Excel, Customer Service, and Microsoft Office round out the set of key employee skills.
Benefits and Perks
Paid time off is scarce, with only about one in three survey participants receiving paid vacation and around a seventh of workers receiving sick leave. Almost all employees participate in the company's 401(k) retirement savings plan. A large number of respondents report having health insurance, and most respondents report having dental coverage. The list of perks also includes life insurance, tuition reimbursement, a casual working environment, and a company cell phone.