Wells Fargo CRE Comp
Anyone have comp figures for CRE roles at Wells? Curious if the comp tracks IB and CB since it’s technically in CIB.
Anyone have comp figures for CRE roles at Wells? Curious if the comp tracks IB and CB since it’s technically in CIB.
Career Resources
Based on previous WSO threads, there isn't specific compensation data for Wells Fargo CRE roles directly mentioned. However, it's noted that CRE (Commercial Real Estate) compensation can vary significantly due to factors like regional market specifics and the apprenticeship nature of the business. Generally, CRE roles might not track as closely with IB (Investment Banking) or CB (Corporate Banking) compensation due to these differences.
For more detailed and specific figures, you might want to check the latest discussions or compensation reports on WSO or similar forums.
Sources: 2019/2020 Corporate/Commercial Banking Compensation, Why is CRE so underpaid at the entry level?, Wells Fargo CIB, Wells Fargo Associate & VP Corporate Banking Comp, Q&A:Commercial Banking SVP Ask Me Anything
An1 Base is 110 for some groups and 100 for others. Bonus falls well short of IB and also depends on the group
Any idea of a range for the bonus % wise?
~10%
Any idea what RESCM bonus looks like. Ik base comp is 110.
in securitization in NYC, good year can be 75-100% bonus. They work close to IB hours in NYC securitization groups when busy.
Nvm saw that bonuses for originations are 20% in the other thread
Anyone know what VP comp looks like?
securitization is $250k base at the VP level, $300k base at D level. Bonus varies tremendously, but in NYC in a good year, securitization does make 100%++ bonuses.
RECM? Balance sheet group VPs are at $175k and $50k bonus...
they have changed a lot of terminology recently. RESCM includes CMBS and all other MBS groups. They have moved the balance sheet originations essentially out - more into REB, etc. Balance Sheet VP comp seems close to correct - $175k base is about right. I cannot speak to non-Cap Mkts bonuses as well.
That's insane disparity. Is RESCM simply the place to be in WF CRE? Guessing syndication pays well and MFC is a bit of a head scratcher - makes a ton of fee revenue including servicing fees but does anyone make good money aside from originator I wonder...
the CMBS / MBS groups are definitely the place to be outside of originations. anyone who brings in major profitable business to a CRE shop will get paid, but outside of originations / RMs, I think CMBS group is the place to be. The CMBS underwriters and credit also get paid a lot more because its considered a "fee income" hub for the bank vs. the balance sheet. That being said, MFC originators still get paid a lot too.
Any idea MFC VP comp compared to Balance sheet folks? At my current bank (top 10 GSE lender) our agency group (screening, underwriting, RMs etc - not speaking about direct originators) are all compensated higher than the balance sheet counterparts. I would be surprised if a MFC VP is only at 175k base. There were also postings online with salary ranges up to 200k for MFC VP..
MFC is also considered fee income business and its very profitable for the bank. Regards to CMBS being the place to be, I mean the people that were laid off would beg to differ. Sure the senior folks might have landed on their feet but the junior folks have personally told me they wished they were in MFC. Comparing the layoffs for CMBS vs MFC shows how stable the MFC business is and this has always been the case even going back 10-20 years. It’s just the nature of the two business models though there are some similarities.
Does this include CMBS originations?
I think most of the RE ones are 100k base
What are MFC analyst / associate / VP bonuses looking like?
Heard they were underwhelming especially compared to volume and hours worked. I think it's a sweat shop
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