51. Wachovia

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One Wachovia Center

Charlotte, North Carolina 28288

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Undergrad Internships

No. of undergrad internships in:

2005: 200

2006: 220

2007: 235

2006 interns from the following classes:

20% Freshman

25% Sophomores

25% Juniors

25% Seniors

5% Graduates

2006 interns from the following majors:

25% Business

20% Computer Science

8% Economics

0% Engineering

24% Liberal Arts

12% Math

0% Science

11% Undeclared

0% Other

76% of internships paid

24% of internships unpaid

Is there an offical summer internship program? Yes

Average length of summer program: 12 weeks

Minimum: NA weeks

Maximum: NA weeks

Average hourly wage: $18.20

Are interns paid on lump sum basis? Yes

Average total intern compensation: $9,000

10% of eligible 2006 interns received full-time job offers

8% of interns with offers accepted

Applicants & New Hires

76* undergrad campuses where employer recruited 2006-07

NA* undergrad campuses where employer made job offers

Applicants for entry-level jobs

2005: 10, 827

2006: 12,006

2007: 7,000

Entry-level hires

2005: 254

2006: 275

2007: 150

Entry-level hires who were undergrad interns

2005: 9%

2006: 13%

2007: 8%

Most important characteristics for new hires:

1-Communication Skills

2-Leadership Skills

3-College GPA

2006 new hires majored in:

25% Business

20% Computer Science

8% Economics

0% Engineering

24% Liberal Arts

12% Math

0% Science

11% Undeclared

0% Other

...and are:

NA% African American

NA% Hispanic American

NA% Asian American

NA% Other

43% Total minorities

62% Female

Salary & Benefits

Entry-level hires since Jan. 1

Average base salary: $45,000 to $49,999

21% earn less than $35,000

35% earn $35,000 to $39,999

10% earn $40,000 to $44,999

5% earn $45,000 to $49,999

6% earn $50,000 to $54,999

23% earn $55,000 to $59,999

0% earn $60,000 to $64,999

0% earn $65,000 to $69,999

0% earn $70,000 and above

Bonuses, Overtime & Perks

50% received signing bonuses

Average signing bonus: $2,500

50% received performance bonus first year on job

Average performance bonus, 2006: $1,650

0% of 2006 entry-level hires eligible for OT

100% of 2006 entry-level hires not eligible for OT

Reimburse employees for ed expenses?: Yes

Do employees become eligible immediately?: Yes

Maximum annual education reimbursement: $10,000

Full grad school sponsorship for jr. level employees? Yes

Partial grad school sponsorship for jr. level employees? Yes

Time Off

Is there a Paid Time Off (PTO) Bank? Yes

If no, total paid vacation days:

During first year: NA

After 1 year: NA

After 3 years: NA

After 5 years: NA

After 10 years: NA

Total paid holidays: NA

Time off for religious observances: NA

If yes, max PTO days:

During first year: 15

After 1 year: 15

After 3 years: 15

After 5 years: 20

After 10 years: 24

Total days off for religious observances: NA

Is flex time available? Yes

Sick, personal days, first year: NA

Health Benefits

Do entry-level hires have access to health plan? Yes

Employees pay part of the cost? Yes

Does health plan provide dental coverage? Yes

Extra charge for dental coverage? Yes

Does health plan provide vision coverage? Yes

Extra charge for vision coverage? Yes

Are same sex partners permitted as dependents? Yes

Pension and Profit-sharing

Do entry-level hires have access to 401(k)? Yes

0 months to full vesting in 401(k)

Max. company match as a percentage of salary: 6%

Min. employee set-aside as a percentage of salary to receive max. co. match: 6%

If 401(k) match not calculated as percentage of salary, explain:

Are entry-level hires eligible for co-funded pension? Yes

Months to full vesting in co-funded pension: 60

Are entry-level hires eligible for profit-sharing program? No

Months to full vesting in profit-sharing program: NA

Maternity/Paternity Leave

Maximum Maternity Leave

60 days during first year

60 days after 1 year

60 days after 3 years

80 days after 5 years

Maximum Paternity Leave

0 days during first year

0 days after 1 year

0 days after 3 years

0 days after 5 years

Other Benefits

Does company match employee charitable gifts? Yes

Max. annual company match for employee charitable gifts: $2,500

Does company pay relocation expenses? Yes

Max. annual relocation expenses? $5,000

Employee Discounts

Car rentals

Gym memberships

Cell phone/service

Insurance

Cultural events

Publications

Work Environment

55 hours worked weekly by entry-level hires on average

Does average vary by business unit, department? Yes

Entry-level hire work locations...

5% in open work stations

75% in cubicles

0% in shared offices

0% in private offices

20% have no company-supplied work space

Does organization monitor e-mail?: Yes

Does organization monitor Web usage? Yes

Typical dress code

Formal/Business

Does organization sponsor employee volunteer opportunities? Yes

Does organization offer employee daycare? Most locations

Does organization have fitness facilities on site? Facilities not available

Training Programs

Does your organization have a formal orientation program? Yes

If yes, how many days is it? 5

Orientation includes:

Computer Training

Guest Speakers

Diversity Exercises

Team Building Activities

Tour of Facilities

Community Service

$200 average spent on training, per new hire, in 2006

Is there a formal leadership program for entry-level hires of a year or less? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined? NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units: NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Is there a formal leadership program for entry-level hires of a year or more? No

NA

Do candidates apply directly? NA

If not, how is eligibility determined?

NA

When are new hires first eligible? NA

Is program rotational? NA

If yes, number of locations or business units NA

Minimum rotations: NA

Maximum rotations: NA

Length of program, in weeks: NA

Minimum: NA weeks

Maximum: NA weeks

After program, employees offered permanent positions: NA

After program, do employees offered permanent position receive raise? NA

If yes, amount of typical raise: NA

Does company have formal mentorship program? Yes

30% of entry-level hires participate

5 days of additional training expected

Getting Ahead

Three-year retention rate: 80%

Five-year retention rate: 65%

How are raises determined?

Performance

When are entry-level hires eligible for first raise? Less than two years

How are promotions determined?

Performance

When are entry-level hires eligible for first promotion? NA

Evaluations

Frequency of evaluations

Annually

Important qualities

3-Enthusiasm

2-Learning Ability

1-Sales/Revenues

Min. tenure in years required for job change: 1

Describe any rules that apply:

Long-Term Prospects

Does position of VP exist at this organization? Yes

If not, is there a comparable title? NA

No. of employees who hold VP or similar title: 14,933

No. of employees with VP or similar title with 20 years plus seniority: 2,815

Age of youngest employee with VP or similar title: 26

Seniority of youngest employee with VP or similar title in years: 15