Wells Fargo Financial Analyst (Commercial Banking) Program
Anyone been through the program know upward salary growth from analyst, associate, and PM? Can't find anywhere in WSO
Anyone been through the program know upward salary growth from analyst, associate, and PM? Can't find anywhere in WSO
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Hey compom123, what a lonely thread. I'm here since nobody responded ...so maybe one of these discussions will help:
More suggestions...
Hope that helps.
Portfolio Analyst -$67-73k
Portfolio Associate- $75-80k?
Bonuses and raises were in the 10-12% for both. Base pay is based on COL/City. First year analyst is hourly and you typically aren’t allowed overtime.
Information may be stale dated, I’ve since left the bank.
Went through the program. This is accurate
$78k base, $7.5k sign on bonus, $5k relocation after 6 month program in Charlotte, 10-15% year end bonus (SF home office) ~100k all-in. 40 hour work week. You can jump to PM or RM after 1-2 years. RMs make more in bonus. 120-160k base. 10-30% year end bonus.
More PM spots than RM. And you usually won’t be PM/RM until end of the 3 year program, and that’s only if there’s a spot in your market.
Lots of office politics in and around placement.
This is true. RM is tougher to get. On a side note, I've seen analysts internally lateral to PM, IB, and Corp Banking associate roles after 2 years. Also had my home office placement in writing before starting the Charlotte program phase.
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