Thread regarding Wells Fargo & Co. layoffs

@3ddu+1tP7i5Tz, a VP title in the banking industry is not the same as a VP title in other industries. In banking, VP is equivalent to a low to mid level manager, it's never an executive title.

@3zcd+1tP7i5Tz, none of those deleted posts were personal insults and none of those posts were mine. You are the one who is insulting me, very offensive. Your post should be deleted. I believe the mods have political bias, and they delete anything that don't agree with their political agenda. About a half of the posts are gone from this thread.

I never could figure out these guys. Do you know if this role is strategic or operational? Is this role banking business-driven or technical? Is it a super-charged "business analyst" role? Or is it management?
There are many problems with this amorphous role.
To the outside, it is a non-specialized role Wells Fargo gave by bankers to bankers to make them appear to be more project management tech-oriented. For BECs working in this bank but contemplating leaving, I recommend you get certified -- either a PMP, CBAP or scrum master. Learn to fit into modern day SDLCs

@2rpa, treat your peers with a respect - if not because they deserve it, than because mods here don't like personal insults.

I’m a VP, Lead BEC

I make $150k

Just had an hourly contact center wirier call me a low level individual contributor, lol

Who are these moderators that are deleting posts? Many posts are gone. Probably mine will be deleted too.

A lot of tellers and call center types on this thread.

This thread is funny. Not all of the job descriptions are general or vague; many do spell out the exact job. I think of RCSA for example. There is also a Business Accountability job family, I guess all of you loathe that one as well. There are “financial crimes specialists,” “compliance specialists,” etc.

Most of program managers don't know how to manage projects. They actually told me they have not managed any projects. They said program managers don't need to manage projects because their job is to manage project managers. But their job description says more than 10 years of project management experience is required. How did they get the program manager job? Oh, another thing is that those program managers also manage scrum masters. I asked them how much agile experience they had. They say they know only the basics and don't have much agile experience. They said program managers don't need to know how to manage agile projects because their job is to manage scrum masters. I can see why agile is going in the wrong direction at Wells Fargo.

Just to be clear, "Consultants" are NOT "Managers" no matter what comes before their titles (Sr., Lead, Sr. Lead, etc.). Most of them are useless individual contributors who serve their managers and directors. I don't know why they are so arrogant! They are extra layers of overpaid fat that needs to be cut.

The envy and anger on this thread is palpable. So I guess none of you posters ever put together slides for senior managers or brief directors and above on issues. You might want to aim for these roles or just be content working at the call center.

Higher than avg pay range. Compare BE3 vs AC3 for example and understand most analytic mgrs are looking for ACs with graduate degrees.

They help execute business

As a Senior Lead Business Execution Consultant in CB, I lead two programs in the conduct risk space, so many of you don’t know what you are talking about.

they be standin on business

Paper pushers, prepare a deck, talk, point fingers, don’t do any real work.

I aspired to my current role when it was called BIC (Business Implementation Consultant) because I wanted a shift from being a Project Manager.

I was ticked and annoyed when the title was changed to BEC since I see a distunction between implementation and execution, but maybe splitting hairs with semantics is just the new WF way.

Of course my job duties didn't change (from BIC to BEC was a title change only across the Enterprise) and the role remains very heavy on project management. And of course the salary didn't change either. Way to "change" and still stay the same!😑

Some people brag that they are a lead consultant or a Sr. lead consultant. But consultants are never managers, they are all lowly individual contributors.

BEC = ~(BA+PM+PO)

@1aga+1tP7i5Tz

Well the ones I know primarily are note takers for a manager and schedule meetings for their engineers with other engineering teams. Some of them can put together a pretty PowerPoint deck.

We all conduct "business" and we all "execute" something, no disrespect to anyone with one of these roles, but the nomenclature is a joke.

I am a senior business execution consultant. Not all of the job descriptions are general or vague. Mine was very specific. I suppose it depends on the role. My role is a very specific one in our commercial real estate business and I assure you it isn’t an “admin assistant/project manager/facilitator.” Just look at the salaries for these roles, especially the more senior you get - comical to think they are admins.

Like most jobs at WF; it's who you know, not if you're qualified or capable.

You won’t get exact details because it’s vague on purpose. They are hybrid admin assistants/project managers/facilitator roles.

The business execution consultant titles are specific to Wells Fargo and created to over-simplify the job descriptions for all professional employees who are below executives. Other companies will have no clue what business execution consultant means, probably they will think it's an independent contractor job.