Updated August 22, 2022

Average Wells Fargo Salary

$41,599yearly

$20.00 hourly

Entry level Salary
$22,000 yearly
$22,000
10%
$41,599
Median
$77,000
90%

How Much Does Wells Fargo Pay?

Wells Fargo pays an average of $41,599 per year, or $20.0 an hour. Wells Fargo pays workers in the bottom 10th percentile under $22,000 a year, while the highest earners in the top 90th percentile make over $77,000. Wells Fargo employees in different sectors tend to have different salaries as well. For example, employees in the engineering sector earn an average yearly salary of $99,164, while employees in the marketing sector earn an average yearly salary of $82,614. In terms of geography, Wells Fargo pays the most to people working in New York, NY, Summit, NJ, and Danbury, CT.

Highest Paying Jobs At Wells Fargo

While Wells Fargo employees earn an average yearly salary of $41,599, different roles can command different wages. The higher paying positions at Wells Fargo include applications & systems engineer, senior java developer, senior software engineer, and business systems consultant. A worker with the title applications & systems engineer salary at Wells Fargo can earn an average yearly salary of $114,854. Some of the other roles at Wells Fargo are phone banker and cashier. A worker with the title phone banker at Wells Fargo earns an average salary of $32,478 per year.

Highest Paying Jobs At Wells Fargo

RankJob TitleAverage Wells Fargo SalaryHourly Rate
1Applications & Systems Engineer$114,854$55.22
2Senior Java Developer$105,451$50.70
3Senior Software Engineer$105,352$50.65
4Business Systems Consultant$87,533$42.08
5Credit Manager$81,311$39.09
6Team Leader$73,345$35.26
7Business Analyst$71,963$34.60
8Loan Servicing Specialist$60,045$28.87
9Quality Assurance Analyst$57,318$27.56
10Finance Advisor$55,875$26.86
11Service Manager$55,699$26.78
12Mortgage Underwriter$54,763$26.33
13Personal Banking Officer$48,070$23.11
14Accounting Clerk$41,108$19.76
15Client Associate$40,728$19.58
16Loan Documentation Specialist$38,630$18.57
17Personal Banker$37,262$17.91
18Administrative Assistant$37,005$17.79
19Process Operator$36,940$17.76
20Customer Sales Representative$36,201$17.40

Highest Paying Wells Fargo Competitor Salaries

Competitors of Wells Fargo include Bank of the West, Citizens Financial Group, and Citi. Employees at Bank of the West earn more than most of the competition, with an average yearly salary of $83,013. The salaries at Citizens Financial Group average $75,737 per year, and the salaries at Citi come in at $75,483 per year.

Salaries By Wells Fargo Competitors

RankCompany NameZippia ScoreAverage Salary
1Bank of the West4.7$83,013
2Citizens Financial Group4.8$75,737
3Citi4.9$75,483
4JPMorgan Chase & Co.4.9$73,946
5Capital One4.7$61,566
6Rhinebeck Bank3.8$60,872
7KeyBank4.6$56,777
8Island Finance Puerto Rico Inc3.9$56,694
9Bank of America4.8$53,211
10Fifth Third Bank4.9$48,033
11Regions Bank4.5$47,661
12U.S. Bank4.9$46,793
13M&T Bank4.8$45,852
14SunTrust4.9$44,515
15BB&T4.8$40,025

Average Pay By State For Wells Fargo

RankStateAverage Wells Fargo SalaryHourly Rate
1New York$50,525$24.29
2New Jersey$47,746$22.95
3Maryland$45,422$21.84
4Delaware$44,475$21.38
5California$44,070$21.19
6North Carolina$43,791$21.05
7Virginia$43,256$20.80
8Washington$42,912$20.63
9Pennsylvania$42,739$20.55
10Minnesota$42,582$20.47
11Illinois$41,751$20.07
12Colorado$41,615$20.01
13Oregon$40,986$19.70
14Georgia$40,683$19.56
15Texas$40,517$19.48
16South Carolina$40,305$19.38
17Arizona$39,449$18.97
18Missouri$38,943$18.72
19New Mexico$38,733$18.62
20South Dakota$38,584$18.55

How Much Does Wells Fargo Pay By Location?

When choosing a place to work, it's important to factor in the cost of living when negotiating a salary. Looking at our data, we can see that employees at Wells Fargo earn more in some areas than others. The city that stands out for having the highest pay is New York, NY, where Wells Fargo pays its workers an average salary of $50,506. In Summit, NJ, Wells Fargo pays a lower average salary of $47,692.

Salaries By Location At Wells Fargo

RankLocationAverage Wells Fargo SalaryHourly Rate
1New York, NY$50,506$24.28
2Summit, NJ$47,692$22.93
3Danbury, CT$47,388$22.78
4Boston, MA$46,456$22.33
5Columbia, MD$45,282$21.77
6Washington, DC$44,670$21.48
7San Francisco, CA$44,458$21.37
8Wilmington, DE$44,423$21.36
9Charlotte, NC$43,367$20.85
10Glen Allen, VA$43,188$20.76
11Philadelphia, PA$43,166$20.75
12Seattle, WA$43,004$20.68
13Minneapolis, MN$42,548$20.46
14Miami, FL$42,108$20.24
15Chicago, IL$41,844$20.12
16Denver, CO$41,633$20.02
17Portland, OR$40,876$19.65
18San Antonio, TX$40,855$19.64
19Atlanta, GA$40,549$19.49
20Menomonee Falls, WI$40,316$19.38

Wells Fargo Salaries By Department

How much you earn at Wells Fargo depends on your role, and the organizational function that you work in. For example, workers in the engineering function earn the highest salaries at Wells Fargo, with average earnings of $99,164. Employees working in the marketing department earn a relatively high salary as well, averaging $82,614 per year. The organizational functions at Wells Fargo that pay the least are retail and customer service. Workers in these departments earn $34,112 and $38,485, respectively.

Salaries By Department At Wells Fargo

RankDepartmentAverage Wells Fargo SalaryHourly Rate
1Engineering$99,164$47.68
2Marketing$82,614$39.72
3IT$76,601$36.83
4Plant/Manufacturing$55,766$26.81
5Sales$46,133$22.18
6Finance$42,699$20.53
7Administrative$39,143$18.82
8Customer Service$38,486$18.50
9Retail$34,113$16.40

How Much Does Wells Fargo Pay by Department?

Best Paying Wells Fargo Finance Position Salaries

RankPositionAverage Wells Fargo SalaryHourly Rate
1Credit Manager$81,311$39.09
2Collection Supervisor$66,993$32.21
3Finance Consultant$63,164$30.37
4Loan Servicing Specialist$60,045$28.87
5Senior Underwriter$57,017$27.41
6Finance Advisor$55,875$26.86
7Branch Manager$55,468$26.67
8Mortgage Underwriter$54,763$26.33
9Operations Analyst$51,546$24.78
10Banking Associate$51,015$24.53
11Personal Banking Officer$48,070$23.11
12Loan Documentation Specialist$38,630$18.57
13Personal Banker$37,262$17.91
14Home Mortgage Consultant$32,960$15.85
15Phone Banker$32,479$15.61

Best Paying Wells Fargo Retail Position Salaries

RankPositionAverage Wells Fargo SalaryHourly Rate
1Assistant Manager$55,626$26.74
2Store Manager$45,463$21.86
3Teller$33,610$16.16
4Cashier$32,926$15.83

Best Paying Wells Fargo Customer Service Position Salaries

RankPositionAverage Wells Fargo SalaryHourly Rate
1Pc/Lan Analyst$75,465$36.28
2Service Manager$55,699$26.78
3Client Services Consultant$49,769$23.93
4Processing Specialist$46,048$22.14
5Client Associate$40,728$19.58
6Operations Servicing Specialist$35,274$16.96
7Customer Service Representative$33,217$15.97
8Call Center Representative$33,163$15.94

Recently Added Wells Fargo Salaries

JobLocationDate AddedSalary
Credit Analyst (Commercial Banking Portfolio Coordinator-Spreading and Pre-Close Covenant MonitoriSan Antonio, TX11/28/2022$50,088
Lead Business Growth Strategy Consultant-Global Payments-ReceivablesPhiladelphia, PA11/28/2022$115,900
Treasury Management Sales Support AnalystDenver, CO11/28/2022$52,894
DDI Network Automation EngineerNew York, NY11/28/2022$100,800
Treasury Management Sales Support AnalystDes Moines, IA11/28/2022$52,894

Frequently Asked Questions About Wells Fargo Salaries

Is The Pay Good At Wells Fargo?

No, the pay is not good at Wells Fargo. Compared to the industry average of $58,012 per year, the average annual salary at Wells Fargo is $41,599, which is 28.29% lower.

What Is The Starting Pay At Wells Fargo?

The starting pay at Wells Fargo is $22,000 per year, or $10.58 per hour.

How Much Does Wells Fargo Pay Compared To Bank Of America?

Wells Fargo pays $41,599 per year on average compared to Bank of America which pays $53,211. That works out to $20.00 per hour at Wells Fargo, compared to $25.58 per hour at Bank of America.

How Much Does Wells Fargo Pay An Hour?

Wells Fargo pays $20.00 an hour, on average.

What Benefits Does Wells Fargo Offer?

Wells Fargo offers impressive and comprehensive benefits including health and wellness, paid time off, financial benefits, employee perks, professional development, and family benefits. They have amazing benefits to choose from in every category.

What Is The Wells Fargo Title Hierarchy?

The Wells Fargo title hierarchy at the corporate level includes the CEO and its board of directors at the top. Here is a list in descending order, with the highest ranked officials at Wells Fargo to the lower ranked officials at Wells Fargo:

What Is The Salary Of The Ceo Of Wells Fargo?

The total compensation for the CEO of Wells Fargo in 2021 was $24.5 million. This was up nearly 20% from the year before. Charles Scharf's compensation consisted of a $2.5 million base salary, a $5.4 million cash bonus, and $10.8 million in performance shares awards.

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Zippia gives an in-depth look into the details of Wells Fargo, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Wells Fargo. The employee data is based on information from people who have self-reported their past or current employments at Wells Fargo. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Wells Fargo. The data presented on this page does not represent the view of Wells Fargo and its employees or that of Zippia.

Wells Fargo may also be known as or be related to Wells Fargo, Wells Fargo & Company, Wells Fargo Bank, NA (Private Banking), Wells Fargo Bank and wells fargo/wachovia.