WF comp change
For those of you who did not see, WF changed SA overtime from 1.5x -> 0.5x normal pay. I was curious if they were changing FT pay or bonuses? Would love any insights
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Based on the most helpful WSO content, there is no specific mention in the provided context about Wells Fargo (WF) changing full-time (FT) pay or bonuses. However, it is noted that Wells Fargo has lagged behind other BB and MM corporate banking groups in matching investment banking pay, which has led to morale issues and departures among senior and junior staff.
If you're looking for updates on FT pay or bonuses, it might be worth keeping an eye on recent announcements or discussions within the WF community on WSO.
Sources: WF raises base?, WF raises base?, FT Partners pay/reputation in tech IB?, Total compensation at Financial Technology Partners?, FT: Goldman WRANGLES over whether to pay juniors higher salaries
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