Thread regarding Wells Fargo & Co. layoffs

Salary transparency

I’ll start and let’s see if others feel like sharing:

Job title: senior lead risk officer
Salary: 215,000
Bonus if applicable: used to be 35% now 30k average
Location: Sacramento ca

Previous:
Lead risk officer: 178,000 in role 4 years started at 125k
Bonus: 30%
Location: same (remote)

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Post ID: @OP+1nN8TDOL

60 replies (most recent on top)

Honestly, those of you with several years of experience still making 70k or less might want to think about changing career paths. It’s really not that hard to acquire the credentials necessary for roles where even the entry level gets paid more than that. You don’t even necessarily need a masters, in many cases just a certification you can get in like a year will do.

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Post ID: @2Joxx+1nN8TDOL

Business Execution Consultant
$110k salary (TX)
11% bonus

WF changed how they classify jobs in 2022. I am a product owner under this title. There are project managers and business initiatives consultants moved under this title.

Salary will depend on state/city.

They used to have fixed bonus % for each title and it would increase going up each level. I.e. Consultant to Senior to Lead to Senior Lead.

Those fixed% have all been removed and now it is up to manager/candidate negotiations. I am sure the managers have a cap but it is not published anywhere.
Was:
Associate at 10%
Consultant at 15%
Senior at 20%
Lead ??25%
Senior lead ??30%

Since job titles are so wide for what a person does now. I am sure there are sales driven BECs and their bonus would be hired and salary lower.

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Post ID: @2Jhem+1nN8TDOL

Control Management Senior Manager
205k base
65k bonus
Charlotte

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Post ID: @8orr+1nN8TDOL

Business Execution Consultant - Charlotte - 105k. Bonus potential. Just started so not sure what that looks like yet.

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Post ID: @5vwe+1nN8TDOL

$138k is min wage in NYC

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Post ID: @4jmd+1nN8TDOL

What’s a “pre-romotion?” Thanks for proving my point. Overpaid!

“Senior Bus Execution Consultant
138k ( promoted this year; Bonus was 15% pre-romotion)
NYC”

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Post ID: @4dvz+1nN8TDOL

I was a lead compliance officer and my salary was $136,000. I didn’t hand around long enough for what I’m sure would’ve been a sorry bonus

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Post ID: @3ozf+1nN8TDOL

Senior Bus Execution Consultant
138k ( promoted this year; Bonus was 15% pre-romotion)
NYC

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Post ID: @3eyc+1nN8TDOL

“Business Execution Consultants” are overpaid and do nothing important. Meaningless busy work.

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Post ID: @3kpb+1nN8TDOL

@xct+1N8TDOL - I have been with WH for 10+ years. I was hired at below market rate with the understanding that the 15% bonus would bring me to Market rate. I am grateful to have kept my job through difficult economic times.
I DO NOT believe what some of these positions are quoting as bonus paid. SHOW ME!
I DO know that the higher your position is - the greater your bonus (example: I was a P4 and had x% bonus and now at P5 I have x+% bonus).

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Post ID: @2eqp+1nN8TDOL

Yep I can confirm I recently applied and interviewed for a role as external and the recruiter gave me the salary range and when I pressed on bonus they said there’s no target but according to some matrix gave me a ranged amount I should receive which was akin to about 20% of the base quoted

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Post ID: @2hum+1nN8TDOL

Senior Custodial Engineer

  1. 75/hr

Bonus = leftover pizza left in breakroom

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Post ID: @2qgq+1nN8TDOL

@daa new hires are given a bonus target so some may be reporting that's that's what I did in my response.

I'm sure the goal of removing the target is to pay less, which if that happens I'm out. It wasn't fun while it lasted.

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Post ID: @2qyq+1nN8TDOL

Document Specialist
less than 1 Year
India
Paid in goats.
meets

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Post ID: @2bdl+1nN8TDOL

Senior Lead Audit Managwr
155k base
50k bonus last year

Been h

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Post ID: @1cse+1nN8TDOL

Lead Control Management Officer
$130,000
15% bonus
2 years in roll, over 20+ years @ WF

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Post ID: @1qao+1nN8TDOL

Mortgage
Senior Loan Processor
Charlotte, NC
$58,448 salary
Bonuses vary depending on loan volume - approx $1200/mo
Overtime is fairly common during low rate environment or after period of large displacements and reassigned loans increase loan pipeline
2020 - $80,000 gross
2021 - $86,000 gross
2022 - $65,000 gross - higher interest rates, lower loan volume

In role 3.5 years - promoted to Senior level this year and only received 6% salary increase - This is also the total time of mortgage experience I have.

Previously Inbound Sales Specialist 3 - Premier Banker

  1. 5 years with WF
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Post ID: @1mge+1nN8TDOL

Senior Business Execution Consultant
CSBB
Charlotte
$102,000 salary
$20,000 bonus (20%)
In role 2 years

Previously Client Relationship Management
$76,000
Annual bonus $14,000

13 years with WF

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Post ID: @1tqs+1nN8TDOL

What is this, Glassdoor?

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Post ID: @1rbp+1nN8TDOL

Raises and bonuses are still given out. It depends upon your LOB.

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Post ID: @1ukh+1nN8TDOL

Senior premier banker.

Salary 100k
Bonus is variable but on track for 50k this year.

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Post ID: @1knj+1nN8TDOL

Lead business technology systems Consultant. 146k 20% bonus threshhold

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Post ID: @1zyb+1nN8TDOL

Positiin: Lead BEC
Salary: $175K/yr.
Bonus last year: $50K
Tenure: 5 years

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Post ID: @1qim+1nN8TDOL

Lead software engineer
170k
12% bonus
Tier 1

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Post ID: @lvk+1nN8TDOL

@biq

Do you mean Snr Lead? The position you posted has a pay range of 100k-180k in NY

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Post ID: @fkt+1nN8TDOL

Work in Operations
65k
No bonus
Less than 10yrs with Wells

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Post ID: @jvs+1nN8TDOL

Sr. Bus Exec. Consultant
$222K a year, 40% bonus, $30K LTI (approximate)
7 years at WF
(Retired gov employee, $62K a year pension)

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Post ID: @biq+1nN8TDOL

some of these are BS. No bonus % anymore and no target

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Post ID: @daa+1nN8TDOL

Senior Software Engineer, Midwest 102,000 +bonus which was nothing last 3 of 10 years cause they said I couldn't "communicate".

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Post ID: @rej+1nN8TDOL

Sr. control associate, 100k + bonus of about 10% maybe not sure because this place says they don’t have targets any longer
1 ish year in role, 14 other years experience in banking
West coast

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Post ID: @cxx+1nN8TDOL

Senior Business Execution Consultant
Charlotte
130 base, 60K bonus target

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Post ID: @xez+1nN8TDOL

Business Systems consultant 41.90/hr $87K/yr 9yrs in this position
WF pulled back my bonus eligibilty a few years back...been trying to get my mgr to "promote" me to be somewhat equal to my coworkers... but that's another thread!!

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Post ID: @vbx+1nN8TDOL

Sr Lead Risk Analytics Consultant Midwest
140k
Bonus - 30k

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Post ID: @maw+1nN8TDOL

Technology Analyst
82k

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Post ID: @vzk+1nN8TDOL

Senior Infrastructure Engineer, $131k, 9% bonus. Chandler.

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Post ID: @yhv+1nN8TDOL

Loan Processor - $77,600 + bonus

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Post ID: @uim+1nN8TDOL

Lead Analytics Consultant in CLT $135k + $25k bonus target

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Post ID: @qxf+1nN8TDOL

Any Sr Lead Analytic Consultant want to chime in? Always been curious.

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Post ID: @ibp+1nN8TDOL

Senior Change Implementation Consultant. Midwest. 15+ years. $81k, 10% bonus.

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Post ID: @vrt+1nN8TDOL

I'll take 'This Is Why WF Isn't Hiring In California', for $1000, Alex.

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Post ID: @cjz+1nN8TDOL

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