Does anyone know what the ballpark in bonuses has been in past years (since the rise in base pay) for Wells Fargo Corporate Banking Analysts/Associates? Was interested in corporate banking specifically
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Ah, the quest for the bonus treasure! Based on the most helpful WSO content, here's what I've gathered for you:
Remember, these numbers can swing like a vine in the jungle depending on a myriad of factors, including market conditions, individual performance, and changes in the bank's compensation strategy. Keep an eye on the WSO forums for the latest gossip and actual numbers shared by fellow finance primates!
Sources: 2017 Commercial/Corporate Banking Bonuses, Q&A: Wells Fargo Financial Analyst Program for Commercial Banking, Q&A: Wells Fargo Financial Analyst Program for Commercial Banking, Wells Fargo Associate & VP Corporate Banking Comp, Corporate Banking Bonuses 2022 - Analysts
WF is one of the lowest paying banks for CB. They were the last to raise analyst salaries to the new market rate and kept associates at $125k base. Bonuses used to be ~$10k for analysts but it's slightly improved to 25%.
CB there doesn't really make sense when you're consistently working 60-70 hours a week and getting paid a significant discount to IB. For that reason I would recommend JPM/Citi/BOA over them.
Thanks for the response. Was it 10K under the old base, or 10K after the raise to 100 base?
Hi, is this still true? What’s the updated corporate bank reputation now
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