Wells Fargo Bank Lifted
Could someone explain how this lift will impact a potential career there?
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In theory it should be good, all the articles you read quote the higher up’s talking about how they want to grow S&T, it’s a balance sheet intensive business, etc. So in theory wells will take more risk, add new business lines and try to be more relevant to clients which should make it more interesting to work there. However, In reality all that really matters is comp, which is set by market forces and has little to do with how much P&L you or the business generates. So I’d say too early to tell if you start to see wells hiring new mid/senior level people you know they are serious about paying up for talent and that should flow down to existing employees as well.
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