Wells Fargo's HR Screen

Hope someone can shed some lights here. So I applied for a VP role in the CIB division in Wells Fargo in NY. When I did the search on its career website, it indicated that the salary would be 227k (not including discretionary bonus). However, when chatting with HR, the person indicated that the pay will range only between 120-150k, maybe a few thousands over 150k. Does this make sense? Even if I look at a lower ranked position and the pay is explicitly spelled out:

Quantitative Analytics Specialist 3


MO-Saint Louis: Min: $105,700 Mid: $151,000 Max: $196,300
VA-McLean: Min: $111,000 Mid: $158,600 Max: $206,200
MN-Minneapolis: Min: $105,700 Mid: $151,000 Max: $196,300
NY-New York: Min: $116,300 Mid: $166,100 Max: $215,900
NC-Charlotte: Min: $105,700 Mid: $151,000 Max: $196,300

The range is somewhere between 116 to 216k.

Is the HR simply low-balling people? Hope someone with the experience can help out.

 

Sapiente consequatur commodi ut ut ea explicabo commodi sed. Quis ipsum aliquid sit amet eos consequatur rerum. Omnis saepe ex sit quia amet. Neque eius est dolorum.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”