• Sharebar


The WSO Advantage - Investment Banking

Financial Modeling Training

IB Templates, M&A, LBO, Valuation + Learn More.

IB Interview Prep Pack

30,000+ sold & REAL questions Learn More.

Find Your Perfect IB Mentor

Realistic IB Mock Interviews. Learn More.

Comments (8)

  • APAE's picture

    Depending on the school you go to (I'm assuming somewhere in the South), hit up your alumni network or leverage the recruiting resources at your school to see if you can get interviews at other firms before your offer explodes. That first offer is key; once you have it, you can leverage your way into the process with other firms. That was actually the greatest key to my success; I lucked my way into an offer with a top BB and immediately converted it into interviews (and eventually offers) with five other BBs.

    Just something to consider.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • MrGordonGrowth's picture

    Congrats on the offer. I am going to give an honest opinion based on my experience, hopefully it is not too harsh. The group is not a major player. They really only get on deals because of their lending ability (it is really kind of like commercial bankers trying to be investment bankers) not for their expertise, meaning they are not going to lead many deals. From working with them on deals, the senior guys were definitely not on par with the senior guys at other banks. From talking to the junior guys there, placement is pretty much nonexistent. Almost all the headhunters who go to all the other banks do not go to Wells Fargo. Generally the junior guys who work there like the environment and the work/life balance is pretty good. They just complain about the major lack of meaningful deals (which is why work/life balance is good) and recruitment.

    I would reach out to other banks and let them know you have an offer, etc and see if they can accommodate. My guess is that most, if not all, will not be able to, but it is worth a shot. At that point, it is really up to you on whether or not you want to take the risk. You would definitely get the chance to interview for full-time at pretty much every place if you summered with Wells Fargo, however SA conversion rates are pretty high at the top groups, but some times there are 1 or 2 spots open. If you want to work at a top group, it is always easier to get in as an intern. Good luck!

  • porkbellies's picture

    I'd pretty much echo what GordonGrowth said. Try to leverage it into something else. You'll be doing capital markets deals all day long. Not many big M&A deals, and exit opps probably aren't great. They are making a big push to expand their i-bank presence in Houston, but just aren't there yet. On the other hand, they pay very well (supposedly the best in Houston, guess they're trying to attract analysts) and the hours aren't bad. If you can't leverage the offer, take it, and try for a better group in FT recruiting.

  • APAE's picture

    You could always accept, continue interviewing, and renege. Another option, may not be palatable but it does give you the security of something guaranteed right now with the opportunity to snag something better down the road.

    Most people do things to add days to their life. I do things to add life to my days.

    Browse my blog as a WSO contributing author

  • monty09's picture

    they have a former analyst at Stanford right now for mba so it can help

  • Texas Tea's picture

    I agree with Walkio, this is the real world and not everyone gets offers at Goldman and JPM. Any offer at a big bank is a good offer.

  • JWR34's picture

    To unlock this content for free, please login / register below.

    Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!

What's Your Opinion? Comment below:

Login or register to get credit (collect bananas).
All anonymous comments are unpublished until reviewed. No links or promotional material will be allowed. Most comments are published within 24 hours.
WallStreet Prep Master Financial Modeling