If you have a folder and sub-folder full of wav's you want to convert, put below command in a file, save it in a .bat file in the root of the folder where you wan to convert, and then run the bat file
for /R %%g in (*.wav) do start /b /wait "" "C:\ffmpeg-4.0.1-win64-static\bin\ffmpeg" -threads 16 -i "%%g" -acodec libmp3lame "%%~dpng.mp3" && del "%%g"