I have been selected for a 1st round phone interview with Wells Fargo IBD for a full time analyst position in Charlotte. It is not specific to industry or product group just the IBD. ANY tips or pointers for Wells Fargo IBD specific would be great. Will the questions in 1st round phone be more technical or fit related? What certain questions will be asked etc. THANK YOU
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Congrats on landing a phone interview. I made it up to Charlotte, after doing well on the phone interview, to interview with their FSG for a first year analyst role. The phone interview had 3 juniors on the call asking me typical behavior/fit questions with a few technical questions at the end. It only went about 23 minutes even though it was supposed to be 30, but I got the email asking me to come up to their office the next day so I guess it went well.
When did you find out? I'm also waiting to see if I got selected. Good luck though!
Was notified last week that I had been selected. It says 25-30 minutes
How did you apply? OCR? I was unable to find any info on their website.
^I don't think some of the BBs (like WF) do formal OCR for full-time. From what a recruiter told me, they have a list of candidates from each school that get invited to apply; first-round phone interview candidates are chose from this list.
Did a 1st round last year. It is a mix of fit and technical. WSO and/or M&I guide will more than prep you for process and behaviorals, thats on you (I say they are more fun since you can show your personality a little more). Congrats on the landing an 1st round and Good Luck!!!
Did my 1st Round on Monday...was one of the most laidback shoot-the-shit calls I've ever had
It was only supposed to be a 25 minutes, and it lasted exactly 25 and change by my call records. Why?
Was it more fit or technical?
I would definitely lean towards fit, some tech sprinkled in - pretty plain vanilla if you ask me.
1st round phone interview with Wells Fargo (DCM) (Originally Posted: 12/03/2011)
Hi All,
I am wondering, if by any chance, anyone has ever interviewed for an entry level analyst dcm division at Wells Fargo, or even work for Wells Fargo ibd.Please provide some insight and details what type of questions to expect for a1st round phone.
If not, anyone in dcm could be so kind to help list out some common questions usually asked during an interview.
Thanks guys!
I interviewed for LevFin.
Consisted of a first round behavioral and fit phone interview and then a second phone interview which was more behavioral and a lot of technical. After that was a superday.
Even though my experience was all behavioral in round one, I would still keep fresh on the technicals.
Nefarious, thanks for your reply.
Just wondering if your interview was also with Wells Fargo?
Yes. WF LevFin in Charlotte (right after they took over Wachovia's security division).
Perfect!
I'm wondering from your personal view, how is WF's work culture like?
I'm asking you this question because I feel that talking about the work culture from knowledge of a person within would help with my interview.
Much appreciated for your responsiveness
The deal flow seems to be good, especially because (at the time) WF was taking over Wachovia's securities division. I ended up getting an offer but ultimately turned it down for a comparable offer in CF with substantial less hours. They seemed to talk heavily on how I would have no personal life and would be working 100 hours a week. Long hours and no personal life is kind of a given with IB, but there was something odd about how they continually talked about it.
I've heard of a work hard, play hard type of culture for many groups at WF in Charlotte
Are you sure this is for CLT vs San Fran?
I didn't mention it anywhere about where it would be for the most part. It is for the SF location though, but the interviewer is based in CLT.
I know 3 guys that work at Wells IBD in Charlotte (2 analysts, 1 associate). They said it is like 90-100 hours per week, no different than a top BB in NYC. Apparently the MDs are really pushing to be recognized at the top and the deal flow is def good.
Wells Fargo IBD interview questions (Originally Posted: 07/22/2013)
Hello everyone, I am new to this blog but am wondering if anybody has experience interviewing for an analyst position at Wells Fargo's IBD. Also if anybody could give any info on the culture/hours/people there that would also be great in comparison to a bulge bracket bank like GS/JPM. Thanks
do you know what group/office?
SF office?
http://www.wallstreetoasis.com/company/wells-fargo-and-company/interview
this should help you out
I interviewed a while ago for FT during Off-cycle. Did not land the role, but coincidentally enough, a good friend of mine did. Typical interview process seen at other banks, but you should have a good answer as to why Wells and that Office...
Wells Fargo Capital Markets Group interview (Originally Posted: 04/23/2014)
Hello everyone. I have an interview with Wells Fargo Capital Markets Group coming up. I'm a finance/real estate major with commercial real estate acquisitions/investment sales internship experience but I don't have a whole lot of capital markets experience. Is there anything specific I should know or be studying? Any resources or models out there I should be looking at? Thanks in advance.
Anyone? Could really use some advice. Thanks.
Nobody? Anything helps, thanks.
Thank you Lineman, really appreciated this advice.
Agree with two posts above. A friends of mine works at Wells, his business card says 'Real Estate Capital Markets' - he does CMBS and balance sheet lending.
Wells Fargo IBD 1st round Phone Interview (Originally Posted: 10/07/2010)
I have a Wells Fargo first round IBD phone interview coming up soon, I was wondering if anyone had any insight on what the interview entailed.
Does it have technical questions and if so any examples?
Is it going to be with someone from HR or a banker?
It will be with 2 bankers on phone with me at same time
dude. STUDY YOUR TECHS, STUDY YOUR BEHAVIORALS. so easy to understand.
Have you gone through the interview process?
It will be with 2 bankers
I don't think it's that hard, my friend interviewed and said all the kids are from state school nontargets
anyone go through the interview yet?
Wells Fargo 1st round phone interview (Originally Posted: 10/06/2010)
Hey all. I was wondering if anyone that's either working at Wells Fargo or recently interviewed with them could tell me about their phone interview process. I just had a phone interview with RBC and it was not technical at all. A few basic questions about the markets and my motivations to be a banker. Will it be more technical or behavioral for an initial phone screen? Thanks
I was double teamed (I've been wanting to say this) by WF IB on campus. The technicals were specific to my resume which is PE experience. Other than that, they asked about my GPA, I have a major and cum, so they wanted to know which classes I took where I received a grade below my cum. Also they asked who I was interviewing with, if I would take them over another bank and why. I know they have a sheet of technicals that they ask on the corporate side. For the summer last semester, they asked how to evaluate a company's credit worthiness (for corporate not IB).
I come from a liberal arts background. Even though I am prepared for any interview question, the only experience I have that I can talk about finance is a coldcalling PWM internship and a summer stint in ops this past summer. This will be a 2 on 1 as well. I hope it's more structured than the interview i had with RBC. Thanks
Wells Fargo dcm 1st round phone interview (Originally Posted: 09/16/2012)
.
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^ I really doubt its for the same position then.
I have no interest in DCM, but I do know a guy who has worked there for a few years now. Be familiar with bond rates, LIBOR, how to value bonds, what effects a bond's price, yield's effect on price, and things of that sort.
Good luck!
Had a first round on the phone on friday- was mix of questions. Did S&T at a BB this past summer and so expected questions to be about that but they were standard situational and some technical (financial statements, P/E multiple stuff, how to value a company). Got invited to the superday in charlotte end of next week. anyone have experience with this process?
Just to give everyone a heads up about the way Wells does SA and FT IBD placement from my thread here: https://www.wallstreetoasis.com/forums/a-warning-on-the-wells-fargo-sec…
As a former "investment banking" summer analyst at Wells Fargo Securities a couple years ago, I wanted to give all of y'all a heads up before you sign an offer. The way that Wells did group placement was pretty ass back in my day (and I'm pretty sure they haven't changed it).
In terms of group placement after signing the offer, Wells combines their normal IBD groups (coverage, M&A, Sponsors, etc.), their capital markets groups (LevFin, DCM, ECM, Syndications), public finance, and their asset backed finance (structured finance/lending) groups into the same "investment banking" recruiting pipeline.
The real kicker is how Wells does location. Instead of applying, interviewing, and getting an offer for a specific city like every other bank in the world, Wells places you into a city AFTER you sign the offer. And what they don't tell you until you find out for yourselves is that around 70%+ of positions are in Charlotte, not New York City or San Francisco.
And while there is a group matching process, HR plays a heavy role and almost everyone preferences normal IBD groups in NYC, SF, or LA as their top choice so you can imagine how much of a shitshow that becomes. So after you sign the offer, there's a very likely (in fact more than likely) chance that you could get placed in something like syndicated finance or asset backed finance in Charlotte, especially with returning sophomore diversity interns taking up a lot of the NYC/SF spots before group placement for junior interns even begins.
There is the possibility of switching groups between your SA and FT stint, however there tend to be very few or no spots in NYC or SF FT and everyone in Charlotte tries to switch out of cities so people successfully doing it are few and far between.
There's a reason they do recruiting this way since they can't get a whole lot of good talent to come to Charlotte or work in their shitter groups without being super bait and switchy. I mean it is Wells Fargo, you shouldn't be surprised at this point if they're doing shady shit.
So unless you're super open to the idea of ending up working in Charlotte and syndicating loans or lending against mortgages despite signing an "investment banking" offer letter, I'd strongly encourage you to go through the recruiting process at other banks before locking yourself into Wells too early.
Wells Fargo IBD - Will interviews be focused more on technical or behavioral questions? (Originally Posted: 01/31/2010)
Got a Wells Fargo IBD SA interview coming up in a week, can anyone tell me what to expect? Will it be technical or behavioral?
Comments much appreciated....
Neither. They will simply ask how many Wells Fargo debit cards you possess.
All banking interviews will consist of technical and fit questions. The questions will vary based on what you have done in the past. Generally speaking, be prepared for 1/3 fit, 1/3 behavioral, 1/3 technical. maybe some macro/market related questions
Did a BofA/ML first round that was completely fit.
Agreed, every IBD is combination of fit and technical, I'd say 50/50 on superday.
Might also ask you a brainteaser: estimate the # of WF ATMs in the country
ATM banks are probably the strongest asset one can have. BAML by the way is a top 3 bank due to its strong ML legacy talent in IBD as well as its commercial roots. What always impresses me is if an applicant flashes me a Bank of America debit card during our coffee talk while networking. Instant A+.
Is S&T usually fit too? I think first rounds are usually fit with 2nd round and superdays being more technical.
@fembotma
If it's a regional bank then the first round will be 80% technical to my experience. If it's NY, then it will probably be 80% fit. This is based on all the interviews that I've done.
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