Related Posts
Conversation Starter
Chief
More Posts
Chief
Additional Posts in Consulting Exit Opportunities
Community Builder
Best response to why x firm?
I’m already exhausted 🥱
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Subject Expert
Officer titles are often meaningless. Wells has a gazillion grades in the same title. What's your YOE, and the title of the role
I have 20 plus yoe. I think its an internal consulting role.
The below post are based on my experiences alone and do not represent the experiences of all.
You got it! However, I know several SMs that came over as VPs. So there isn’t a direct mapping and while they hand out VP like candy, SVP is a little more difficult to justify/obtain.
Forward looking, somewhat, but you’d have to get into an innovation office to do anything sexy. WF is a large ship of over 200k people so change is slow. Folks fear making decisions and often push any decision making authority to higher levels. As you can imagine, this results in meeting after meeting of folks not wanting to do work or pushing work on others and not making decisions. Therefore, I’ve had to force myself to be incredibly direct and assign Sr Directors with work to do.
All being said, if you don’t like what you are doing, wait a year and apply for a new role. I’m waiting to bounce out of my current role to a Sr Officer position. Here, just like consulting, it’s all about networking as the assumption is most positions are filled before posted.
Aside from career growth, most officers are eligible for RSUs which I expect to grow a lot over the next four years. For example, I got 10k in RSUs in Jan and they are up 30%.
I recognize that 10k in RSUs is really weak compared to tech companies, but they are better than 0k.
Yeah. True. Some RSUs are better than no RSU. What kind of career path do you foresee here at WellsFargo. And, what will be exit options. Do you see people here are afraid of getting laid off and protecting their turf?
Depends on the LOB, but most likely director level in consulting.
AVP, VP, SVP, EVP, SEVP, President
SVP - wide range of senior management.
EVP - range of executive management (Heads of large offices)
SEVP - Operating Committee Members
President - generally the CEO
Yeah. What matters at WF is the pay and if you like what you will be doing. I have a VP title at the Officer level. I see SVPs at the Sr Officer through Sr Director level. But generally comes at the Director level. That being said, my pay is pretty great relative to title, so all good. SVP at EY would likely map to SM depending on how you transition. Again, it’s about the pay for me.
I guess you meant SM at EY will map to SVP. What’s your pay like at VP Level?
Other question I have is how’s the working culture- do you work with forward looking tech oriented people or its like a culture of meetings after meetings to agree on something. Also, how do you think of your career will grow with Wells.?
Sorry asked too many questions. :)
Late reply but some thoughts. I recently became an SVP (corporate title) when I switched groups, job title is Control Director.
A lot of change going on on Wells - like a previous fish said, a lot of success is relationships. If you know and trust your leadership that's key. They can help smooth the path, help you know the people that can make decisions and move things forward. Especially if they are or are aligned with the new leadership that Charlie has brought in.
If you deliver on your work, there are good internal opportunities. You dont get much of a bump if you stay in same role; I've had 3 roles since 2018 when I joined and got myself a nice increase each time. Develop networks and deliver, the rest is timing and being open to opportunities.