2020 Wells Fargo IB Groups?
I would love to hear y’all’s opinions on the best groups for WF between its New York City and Charlotte locations?
I would love to hear y’all’s opinions on the best groups for WF between its New York City and Charlotte locations?
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I would say any group that can leverage Wells' balance sheet is better than one that cannot. Wells doesn't have a lot of M&A deal flow so groups like Lev Fin, E&P and IND have been historically been viewed as better.
sorry for the ignorance but I never really understand the term of when banks leverage with their balance sheets.
Not at Wells but have friends there. I think it depends on what your goals are. If you are looking for the overall coverage banking experience where you see debt, equity and some M&A, Industrials or FIG will likely be your best bet. If you want to do PE or are really focused on gaining M&A knowledge, why not focus on the M&A group? Any M&A activity at the bank will likely go through the group besides FIG/RE/Energy deals so you are naturally going to gain more experience than coverage analysts, albeit not as much experience as an M&A analyst at a better firm like MS/JPM.
Energy and Power in Charlotte is solid and there are a few good sub teams in industrials(building products/capital goods). Culture seems pretty good in both groups , as in not toxic. You'll definitely get worked in both, but I have a feeling you get more bang for your buck in Power.
Unsure how they run lev-fin but given Wells' balance sheet, probably a good group to look into.
Do you know how the groups are in NYC?
Um, not really in terms of prestige or even quality. I really only know what teams exist. Their strongest IB groups are niche which lends itself to being in charlotte.
I think most of the teams in NYC are pretty squarely upper MM, but I don't know specifics. Doubtful you could go wrong with M&A or Levfin (depending on structure) if NYC is must have. Corp Fin is cool if you feel any kind of way about pensions/spincos/capital structure advisory.
How about the Healthcare group in NYC?
EDIT: Commented in the wrong place
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