As one of the largest banks in the United States, Wells Fargo offers competitive salaries for investment banking analysts. With operations across diversified businesses like commercial banking, investment banking, wealth management and more, Wells Fargo is a major employer in the finance industry. For junior investment bankers just starting out their careers, Wells Fargo provides salaries that are in line with peer banks like JPMorgan, Citi and Bank of America. This article will analyze the typical base salaries, bonuses, and total compensation for investment banking analysts at Wells Fargo.
Base salaries for Wells Fargo investment banking analysts are $85K – $90K
According to online salary data, base salaries for first year investment banking analysts at Wells Fargo range from $85,000 to $90,000. This is comparable to bases offered at other major US banks like Goldman Sachs, Morgan Stanley, and JP Morgan. As analysts gain more experience, base pay tends to increase to around $90,000 – $95,000 in the second year. The standard analyst program is 2 years, after which most analysts will get promoted to associate level or leave banking for private equity, hedge funds, or business school.
Bonuses amount to 70% – 100% of base salaries
In addition to base salary, Wells Fargo investment banking analysts receive substantial annual bonuses. Bonuses are typically paid out in the first quarter after annual performance reviews are completed. For first year analysts, bonuses usually range from 70% – 100% of base salaries. So a first year analyst making a $90,000 base can expect to earn anywhere from $63,000 to $90,000 in bonus. In good years, bonuses exceeding 100% of base salaries have been reported at some banks. As analysts gain more experience, bonus ranges tend to rise as well.
Total compensation is $150K – $180K for junior investment bankers
When combining base salaries and expected bonus ranges, total compensation for junior Wells Fargo investment banking analysts is approximately $150,000 – $180,000. This is in line with total comp figures at other major investment banks. Wells Fargo recruits analysts from target schools like Ivy League universities, elite liberal arts colleges, and top state schools. Investment banking analyst programs are very competitive, with banks receiving thousands of applications for only a few dozen openings.
Wells Fargo provides standard benefits packages
In addition to compensation, Wells Fargo also provides analysts with standard employee benefits packages. This includes health insurance, dental, vision, 401K retirement accounts, life insurance, disability insurance, paid time off, parental leave, and more. Being a large corporation, Wells Fargo can leverage its scale to offer competitive benefits comparable to benefits offered at other major US banks.
Wells Fargo offers industry standard compensation and benefits for investment banking analysts. Base salaries range from $85K – $95K, bonuses from 70% – 100% of base, and total comp from $150K to $180K. This is on par with junior investment banker pay at other top banks like JP Morgan and Goldman Sachs.