I just found out recently about the Early Careers Program at Wells Fargo and that fresh-out-of-college hires for Wells Technology are being offered $105k with a $ 10k bonus sign-on. The previous analysts in this program are currently being matched to this annual salary in Feb 2024. Some of you might want to talk with your managers about your raise because you are being absolutely lowballed.
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Starting software engineer salary in tech is way higher, not to mention, much higher ceiling and faster growth. Even at 105k, WF is getting the bottom of the barrel talent, or accidentally getting top talent that will leave very soon.
To people being upset about this sh-t, you should think about how to make yourself more valuable maybe learn a new skill.
I guess location is everything, 110k straight out of college in a lot of our hubs would be rolling in it, heck even in Charlotte that would be great. In SF though, I’d hope that person you onboarded has parents there they can still live with for now…
Word among college grads is no-one wants to work here due to the culture.
What location is this 105k? If it is a High cost of living area it seems normal…
Leave WF and get a Management and Program Analyst position (GS 13 or GS 14) with the Federal Government and you’re gonna make more than this BS.
USA jobs.gov Get at it!
The people in charge of this program are Erik Burgio and Shasta Cornelius. And yes it is confirmed they are making that much
Yes, their non functional title is program analyst. If they are under technology org, they are all making 105k
This is why there will be massive outsourcing in the tech space.
2022 worker bees were offered $38k w/ 0k sign on
2023 analysts were offered $41k w/ 0k sign on
2024 analysts were offered $41.8k w/ 10k sign on
Bee a worker Bee!
There are many profiles that are called “Analyst”. We have a few “Program Analyst” in our LOB, but i doubt they are 105k, as their titles will be P2 level and range is 70k-115k.
It was referenced below that there are only 24 such positions, so that would tell me there is another “Analyst” job title they are slotted to. Unless “Program Analyst” is used across all teams and is wide ranging. Our LOB has many such “Program Analyst”
Sounds like I most definitely need an outsized raise.
@dbd+1qnKzefz
The analyst is just place holder for now. when they get their title change after the completion of their program, some of them will be data engineers, business consultants, software engineers, etc
Good thing there is only one title with the word Analyst in it.
Anything under technology organization is base 105k
What are these job titles/families specifically? I’m not in tech but I’m on the “analytic consultant” tree, a couple rungs up, and that base is equal to my total comp…
If Chuck is still hanging on at WF in 2 years, these kids will also be displaced and replaced by India.
Last one through the door usually gets the best offer…
i have no problem with this and good for them except it just irks me these kids come in with 0-2 years of experience and are going to make 6 six-figures and then there are us with more than 5+ years of experience and still aren't compensated well and it took at least 5 years to make 6 figures. I'm just disappointed a little bit.
I swore I saw the 24 analysts were offered 48.08 an hour unless a bump was made after the job posting
2022 analysts were offered $75k w/ 10k sign on
2023 analysts were offered $82.5k w/ 10k sign on
2024 analysts were offered $105k w/ 10k sign on
previous classes were raised to what the current analysts would be making. The 2024 rates were announced in last year around October 2023. The pay would be reflected but officially put in to place starting Feb for the older analysts. Once you phase out of the program in June you get a title change with a 5% pay increase.
When did it become 105? All of the new hires been excited and been talking about this since August. I been told that the pay is starting in Jan 28th.