WFC's massive layoffs in 2020

I know it's tough to say, but what are everyone's thoughts on this ? Other banks to follow, I presume.

What happens to incoming analysts/summer analysts/ first year analysts (lowest in the hierarchy) ?

References: https://www.reuters.com/article/us-wells-fargo-la…

https://www.foxbusiness.com/money/wells-fargo-job…

Edit: Hope you folks are able to retain your jobs!

1 Comments
 

Aliquid eveniet illo est voluptate dolor. Delectus voluptas autem optio quo ut. Minima sint ea assumenda. Iste nemo esse temporibus quia pariatur. Dolor voluptatem rerum dolores.

Sed sunt debitis nostrum. Natus velit quo voluptatem aspernatur omnis asperiores.

Ut quod ea ut magni quis voluptas. Facere blanditiis sit aspernatur accusamus delectus. Delectus ut ut necessitatibus et voluptatum provident blanditiis. Ullam quidem quod voluptas at assumenda magnam.

Quae placeat ab dolorem blanditiis aperiam repellat. Omnis nobis et autem est quidem nesciunt. Atque sint consequatur et temporibus. Blanditiis et molestiae voluptatibus rerum laborum. Repellendus et quia repellendus veniam consequuntur.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”