Years of Experience
Between the one and five year mark, median pay is about $57K per year. For those who claim five to nine years of work experience, pay on average amounts to $74K annually. Broken down by tenure, the largest share of Wells Fargo & Co. employees (31 percent) have 10-19 years of experience and earn around $91K per year on average.
Risk Management Consultants are the best paid with the average salary hovering at approximately $85K annually; Business Systems Consultants, Analytics Consultants, and Private Bankers also rank near the top of the list, pulling in $84K, $78K, and $65K, respectively. Personal Bankers at Wells Fargo & Co. do not see much in the way of financial compensation and represent one of the lower-paid positions (approximately $37K on average) at the company.
When it comes to location, the highest average paycheck ($102K per year) can be spotted in the company's headquarter city of San Francisco, Calif.; Los Angeles, Calif. ($96K), Phoenix, Ariz. (around $89K), and Charlotte, N.C. (about $83K) are the next top-paying cities. Approaching the lower end of the pay scale (at $64K) is Des Moines, Iowa. By state, Wells Fargo & Co. pays its California employees the most; the pay rate there is approximately $94K annually.
Certifications and Degrees
Monetary compensation comes to about $103K per year for Project Management Professionals, far surpassing the earnings of non-credentialed workers. Uniform Combined State Law Holders with credentials can live quite comfortably; median salaries come in at $70K annually. It pays to have a B.A. in Business Administration at Wells Fargo & Co. — these employees make the most at $130K per year.
Employees who count Project Management among their skills enjoy higher pay; the median for this group is around $90K annually. A garden variety skill at Wells Fargo & Co. is Financial Analysis; around a sixth of Wells Fargo & Co.'s people use it regularly. Microsoft Excel, Data Analysis, and Customer Service were also reported by many survey participants.
Benefits and Perks
30 percent have paid vacation, and only about one in ten workers can take paid time off for illness. For employees looking to save up for their golden years, Wells Fargo & Co. provides an optional 401(k) plan, and most workers participate. For most survey participants, benefits include health insurance, and a large number of workers get dental coverage, too. The list of perks also includes tuition reimbursement, a casual working environment, life insurance, and a company cell phone.