VP & Director Comp at Wells Fargo Commercial Real Estate?
Anyone know what the total comp is for these levels?
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Career Resources
250
For VP or Director?
MFC, CLI and I think REB have VPs at $175k and directors at $200k. Some other groups like RECM and syndication have higher bases. Would be interested if they were considering raising soon.
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.
From what I understand 240-250k all-in for VP and 300-400k all in for directors
Any updates with bonuses being released?
I heard VPs got $50k across the board for the most part. Does Wells really pay that much under market...? Or is that considered market in CRE balance sheet lending?
Was this $50k confirmed? And was it for Balance sheet or MFC?
Confirmed and both
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…
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