Wells Fargo Internship Salaries: A Comprehensive Overview

Wells Fargo offers a variety of internship programs designed to provide students with hands-on experience and professional development opportunities. These programs span various business lines and staff functions, offering insights into the company's operations, strategies, and culture. A key aspect of these internships is the compensation provided, which varies based on location, academic level, and the specific role. This article aims to provide a detailed overview of Wells Fargo internship salaries, drawing upon available data to offer a comprehensive understanding of potential earnings and benefits.

Internship Program Overview

The Analytics & Data Internship Program at Wells Fargo is a ten-week professional development program that gives participants a broad view of Wells Fargo and an understanding of the company's operations, business strategies, and organizational culture. Relationship building, relevant work assignments, coaching, feedback sessions, group projects, and informative learning sessions with key leaders in the analytics ecosystem are all part of the internship experience. The program aims to provide undergraduate candidates with a mix of business and professional development training opportunities that incorporate real-world experiences and prepare them for a career at Wells Fargo. Interns are placed on analytics or data management teams, considering their location, degree, and expressed interests.

Salary and Compensation Details

Wells Fargo internship salaries vary significantly based on several factors, including location, level of study, and the specific internship program. The data reveals a range of hourly rates and monthly salaries across different locations and time periods.

Hourly Rates and Monthly Salaries by Location

High-Paying Locations: Cities like Iselin, NJ, San Francisco, CA, and New York City, NY, tend to offer higher hourly rates, often around $60.10 per hour, translating to a monthly salary of approximately $10,417.
Mid-Range Locations: Locations such as Irving, TX, Phoenix, AZ, Minneapolis, MN, and Saint Louis, MO, typically offer hourly rates around $48.08, resulting in a monthly salary of about $8,334.
Lower-Paying Locations: Internships in Hyderabad, India, offer significantly lower hourly rates, around $6.02 per hour, resulting in a monthly salary of approximately $1,044.

Impact of Academic Level

The level of study also influences internship compensation. For undergraduate students, specifically juniors and seniors, the hourly rates can vary, but generally fall within the ranges mentioned above for different locations. Master's and Ph.D. candidates may receive higher compensation, as seen in Charlotte, NC, where a Master's student in a Quantitative Analyst role earned $67.31 per hour ($11,667 per month). A Ph.D. candidate in Charlotte, NC, earned $68.00 per hour ($11,787 per month) as a Quantitative Researcher.

Sign-On Bonuses, Relocation Assistance, and Housing

In addition to hourly wages, Wells Fargo offers various perks and benefits to attract and support interns. These include:

Sign-On Bonuses: A $2,500 sign-on bonus is a common incentive for many internship positions, especially for undergraduate juniors.
Relocation Assistance: Some internships offer relocation assistance to help cover the costs of moving to the internship location.
Housing Allowances: Housing allowances or company-provided housing are also offered in some locations. For example, internships in Phoenix, AZ, and Saint Louis, MO, sometimes include a $2,500 housing allowance. In San Francisco, CA, some interns receive $1,000 per month for housing.

Historical Trends in Internship Salaries

Examining data from previous years provides insights into the evolution of internship compensation at Wells Fargo.

Summer 2021: Hourly rates ranged from $29.00 in Charlottesville, VA, to $36.00 in San Francisco, CA. Additional benefits included housing allowances and signing/completion bonuses.
Summer 2022: Hourly rates ranged from $33.00 in locations like Chandler, AZ, and Raleigh, NC, to $40.00 in San Francisco and New York City. Housing allowances were common.
Summer 2023: Hourly rates increased to $40.00 in cities like Charlotte and New York City, with additional housing and relocation benefits.

Specific Examples of Internship Compensation Packages

Summer 2026, Iselin, NJ: $60.10/hr, $10,417/month
Summer 2026, Irving, TX: $48.08/hr, $8,334/month, with a $2,500 sign-on bonus for undergraduate juniors.
Summer 2025, Phoenix, AZ: $48.08/hr, $8,334/month, with a $2,500 housing allowance for undergraduate juniors.
Summer 2024, Dallas, TX: $48.08/hr, $8,334/month, with $2,500 housing and company-provided relocation for undergraduate sophomores.
Summer 2023, New York City, NY: $40.00/hr, $6,933/month, with company-provided transportation and $2,500 relocation for undergraduate sophomores.
Summer 2022, Irving, TX: $33.00/hr, $5,720/month, with $2,000 relocation for undergraduate juniors.
Summer 2021, Charlotte, NC: $30.00/hr, $5,200/month, with $1,500 housing, a $1,200 signing bonus, and a $4,800 completion bonus.

Wells Fargo Internship Program Details

Wells Fargo's internship programs are designed to provide participants with a comprehensive understanding of the company's operations, business strategies, and organizational culture. The Analytics & Data Internship Program is a 10-week program that includes relationship building, relevant work assignments, coaching, feedback sessions, group projects, and informative learning sessions with key leaders in the analytics ecosystem.

Interns gain on-the-job experience by analyzing and translating data into usable concepts for effective data-driven business decision-making and actively participating in their team's day-to-day activities. They receive professional support from a colleague who answers questions, helps with challenges, and provides feedback. A program manager and functional cohort also support the interns throughout their experience.

Wells Fargo's top leaders provide insight into making the most of the summer experience, sharing their career paths, offering tips and advice, and sharing trends in the financial and functional spaces they serve through a virtual speaker series. The program promotes community involvement and networking with other summer interns and full-time analysts across other programs, providing opportunities to create lasting professional relationships, build a network, and take advantage of a diverse and rapidly growing workforce.

Required and Desired Qualifications

To be eligible for Wells Fargo's internship programs, candidates must meet certain qualifications. Required qualifications include six or more months of work experience, or equivalent demonstrated through work experience, training, military experience, or education. Desired qualifications include:

Read also: Tuition Assistance at Wells Fargo

Currently pursuing a bachelor’s degree with an expected graduation date between December 2026 - June 2027
Pursuing a bachelor’s degree in Analytics, Applied Math, Computer Sciences, Data Analytics, Data Science, Economics, Finance, Information Technology, Management Information Systems, Physics, Quantitative Analysis, Statistics, or business/social and behavioral sciences with a quantitative emphasis or related fields
Excellent verbal, written, and interpersonal communication skills
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
Involvement in extracurricular enrichment activities through volunteerism, student organization involvement, study abroad program(s), leadership position(s), or non-profit involvement
Proven ability to work effectively, as well as independently, in a collaborative, change-driven atmosphere
Energetic self-starter who proactively takes initiative, acts with urgency, remains curious, and has a genuine interest in learning and growth
Demonstrated knowledge, interest, and/or familiarity with data visualization tools such as Tableau and Power BI, programming languages such as SQL, Python, SAS, analytics, research, statistics, data modeling, and/or data management

Additional Benefits and Opportunities

Wells Fargo provides eligible employees, including interns, with a comprehensive set of benefits. These benefits include health benefits, a 401(k) plan, paid time off, disability benefits, life insurance, critical illness insurance, and accident insurance. Interns may also be eligible for parental leave, critical caregiving leave, discounts and savings, commuter benefits, tuition reimbursement, scholarships for dependent children, and adoption reimbursement.

Equal Opportunity Employer

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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