wells fargo wholesale banking
Any one have the low down on it? Opportunities after analyst gig?
Any one have the low down on it? Opportunities after analyst gig?
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Interested as well.
counting pennies cashing checks, opening accounts, I think branch manager after 5-7 years
it says something about being a financial analyst in commercial real estate and .... This two-to-three year program provides a strong foundation in credit analysis, and prepares you to understand and identify credit risks so that you can make informed lending decisions. As an analyst, you will participate in Credit Camp, a credit fundamentals training program which combines analysts from all lines of business. The training covers the people, credit, and transaction underwriting framework with a specific focus on financial accounting, cash flow analysis, loan structuring and underwriting. Analysts also build upon their analytical knowledge through on-the-job training as well as participating in on-going classes and seminars during their tenure with the firm.
Thoughts?
bump
I know was talking to someone at my bank who was doing what sounds like the same role for oil and gas... at least I think it was the same role. They were previously in real estate PE, and said the hours and pay were better (~45/hours/week at WF, and I happen to know the pay at the PE place was $55k +15 bonus--it was a small place) and she viewed the PE gig as a stepping stone to this position because she liked it a lot.
This position is a financial analyst role with exit ops likely in corp finance, however I would think a pre-MBA RE PE gig would like the experience too. WF has great internal opportunities, and transfering groups would likely prove fairly easy.
cheers!
Typically the more specialized the group you join as an analyst, the better the options (typically 18-36 months for an analyst gig). After that, you can go MBA or stay and do additional credit training then come out as a senior associate. If you're doing RE, you can move on to a fund. If you're doing credit, you can always move to a hedge fund. If you have an MBA and did the analyst gig, you can go IBD pretty easily as a senior associate. It's a big company so there are multiple options.
Back to the specialized group comment: if you spend five years doing senior debt for PE-owned restaurants or non-recourse RE finance, or pre-profit VC-owned tech companies (all of these are actual groups that hire analysts), you get to network like crazy and make a ton of contacts. That will probably make it easier to move to the buyside than just saying you went to Wharton and can put together a nice pitchbook with a BB logo.
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