Years of Experience
Five to nine years of work experience seem to result in median wages of around $72K annually. For those with one to four years of experience, median paychecks reach $57K per year. The greater proportion of employees (29 percent) report 10-19 years of experience and bring home median pay of $93K annually.
The highest average salaries go to Risk Management Consultants, who bring in close to approximately $92K per year, though Compliance Officers are not far behind at $80K along with Analytics Consultants (about $75K) and Private Bankers (around $67K). With salaries averaging $38K, Personal Bankers are among the lowest paid at Wells Fargo & Co.
When it comes to location, the highest average paycheck (approximately $98K annually) can be spotted in the company's headquarter city of San Francisco, Calif.; Charlotte, N.C. ($86K), Phoenix, Ariz. ($83K), and Minneapolis, Minn. (about $82K) are the next top-paying cities. St. Louis, Mo. is near the bottom for pay at $63K. Within the firm, employees working in California take home the most — $91K per year on average.
Certifications and Degrees
Salaries approach $104K annually for Project Management Professionals; non-accredited workers make much less. Uniform Combined State Law Holders also rank high on the pay scale, with expected average earnings of around $72K per year. It pays to have a B.A. in Bachelor of Arts and Science (BASc) at Wells Fargo & Co. — these employees make the most at approximately $136K annually.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is about $91K per year. Financial Analysis also popped up often in the survey as an important skill; about one in six of employees surveyed report using it at work. Microsoft Excel, Data Analysis, and Customer Relationship Management are also desirable skills.
Benefits and Perks
For employees looking to save up for their golden years, Wells Fargo & Co. provides an optional 401(k) plan, and most employees participate. Perks cover health insurance for a large number of respondents and dental coverage for most workers. The list of perks also includes a casual working environment, a subsidized cell phone, tuition reimbursement, life insurance, and a stock purchase plan.