VP & Director Comp at Wells Fargo Commercial Real Estate?

For VP or Director?

And that puts total comp at $250 - $275? I’m trying to understand if it’s worth working long hours at an equity shop or if I should go cushy banking route.

Was this $50k confirmed? And was it for Balance sheet or MFC? 

CREFChode:

The numbers thrown around for VPs at wells definitely seem light. Do we know if there are certain asset classes these VPs proposed comps are tied to?



I only ask because I work at a GSE in Agency MultiFamily debt and if our VP lending partners are originating literally anything at all they have to be making at least $400K on an all-in comp basis otherwise they’d still be working at my GSE (we’ve got a lot of folks who go from our shop to PNC among other agency lenders). To provide some context my title is the probably the closest thing to the GSE equivalent of a wells VP (6-7yrs experience, have a couple of analysts, do my own deals) and my all in comp is $300K, and our work life balance is even chiller than banks (shit load of vacation days, top tier benefits, not a ton of required travel). Our pay structure is similar to Bank CREF pay (strong base salary decent bonus) vs non-bank CREF (minimal base uncapped commissions).



To answer your question about whether the time vs money trade off is worth it going bank vs equity, my thought would be if you have to ask the question, the answer is probably no right?

Sorry meant Wells not PNC…working on a PNC deal at the moment…